Bajaj Allianz Life Insurance focuses on pension products targetted at women, millennials and more

Bajaj Allianz Life Insurance will be focusing on pension products and expecting that share of these retirement products in its total first premium income to become 15-18 per cent by end of the current fiscal, informed an official on Wednesday. Highlights - Point by point :

1. MD& CEO Tarun Chugh, Bajaj Allianz Life Insurance said, "Retirement related goal is one of the top priorities among the people cutting across age profile. We are focusing on products such as pension and expect share of this will jump to 15-18 per cent.''

2. Chugh unveiled a study-India`s Life Goals Preparedness Survey 2019, conducted by the company and said that retirement-related life goals are becoming a priority of people.

3. The pension products are among the 'major focus area' of the company, according to Chugh. 

4. According to the findings of a survey, Chugh also said that the company will now work on new or upgraded products for specific needs for women, millennials, entrepreneurs, and health. 

5. Bajaj Allianz gets almost half of its business through non-agency channels and was actively working on the India Post Payment tie up to expand its network.