Bandhan Life Launches Market-Linked Pension Plan in Collaboration With Policybazaar

Bandhan Life Insurance, in partnership with Policybazaar, has launched the Bandhan Life iInvest Pension plan, a market-linked Unit Linked Insurance Plan (ULIP) aimed at helping individuals build a robust retirement corpus. This flexible pension plan offers the option to invest in a variety of funds, including the newly launched fund available from January 9 to January 15, 2025. It is designed to provide tax benefits, ease of access, and the opportunity to purchase an annuity upon maturity.

Key Features of iInvest Pension Plan

The iInvest Pension plan offers access to Bandhan Life’s Pension Enhanced Equity Fund, Pension Debt Fund, and a newly launched fund available between January 9 and January 15, 2025. It includes significant benefits such as no premium allocation or administration charges, return of mortality charges, and tax benefits under Section 80CCC.

Policyholders are assured a sum of 105% of premiums paid and can earn loyalty bonuses starting from the 10th policy year for annual premiums exceeding ₹60,000. Additionally, the plan allows for partial withdrawals for unforeseen needs and offers the option to extend the accumulation period beyond age 60.

Easy Accessibility and Flexibility

The iInvest Pension plan stands out for its quick policy issuance, requiring no medical assessments, making it accessible to a broader customer base. It enables customers to convert the accumulated corpus into an annuity upon maturity, ensuring a steady income post-retirement.

Sarbvir Singh, Joint Group CEO of PB Fintech, emphasised the importance of structured retirement planning and highlighted the plan’s role in offering balanced, flexible solutions for long-term financial stability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.