Bharti AXA Life Insurance on Tuesday said it has launched a non-linked, non-participating individual deferred annuity “Swabhimaan Retirement” plan, which will enable customers to plan early and lock in annuity rates at current levels, ensuring guaranteed income for life.
The life insurer, in a statement, said the plan offers lifetime annuity (monthly, quarterly, half-yearly, or annual pension) payouts, with an option to continue the same assured income for the lifetime of the surviving spouse, ensuring income security for as long as either the policyholder or the spouse is alive.
Further, the Atmanirbhar option allows customers to withdraw in case of emergency.
“An important feature of the plan is increased pay-out after every 5 years to help customers beat inflation and structure retirement income in line with their financial goals, cash flow requirements, and life milestones,” per the statement.
The new plan offers Premium Payment Term (PPT) options of 2, 3 and 5 years under select annuity options, along with deferment options of up to 7 years. It also has an option to withdraw a part of the surrender value, subject to policy terms, once all premiums are paid.
Prerak Parmar, Chief Growth Officer, Bharti AXA Life Insurance, said, “By offering shorter premium payment terms under select options, along with guaranteed payouts and joint-life continuity, the plan enables customers to plan their second innings with confidence, independence, and financial dignity.”\
Published on January 27, 2026
