THEBUSINESSBYTES BUREAU

MUMBAI, JANUARY 27, 2026

Bharti AXA Life Insurance, one of India’s leading private life insurers, has strengthened its retirement and annuity portfolio with the launch of the Bharti AXA Life Swabhimaan Retirement Plan, a non-linked, non-participating individual deferred annuity solution designed to deliver assured, predictable lifelong income and help individuals retire with confidence, independence and financial dignity.

Positioned for today’s evolving retirement needs, the Swabhimaan Retirement Plan enables customers to plan early and lock in annuity rates at current levels, ensuring guaranteed income for life. The plan offers lifetime annuity payouts with an option to extend the same assured income to the surviving spouse, providing income continuity for as long as either the policyholder or the spouse is alive. With a strong focus on flexibility, customers can choose premium payment terms of 2, 3 or 5 years under select annuity options, along with deferment choices of up to seven years, eliminating the need for long-term payment commitments while allowing structured retirement planning.

Designed around simplicity and customer-centricity, the plan also incorporates the Atmanirbhar option, which allows withdrawals in case of emergencies, subject to policy terms, once all premiums are paid. To help retirees counter inflation and align income with changing life milestones, the plan offers an enhanced payout feature with income increases every five years. Customers can further tailor their pension flow through flexible payout frequencies, including monthly, quarterly, half-yearly or annual options, as well as the unique ‘Save the Date’ feature that enables annuity payouts on a preferred date such as a birthday or anniversary.

The Swabhimaan Retirement Plan also offers the flexibility of choosing from multiple annuity structures aligned to individual retirement goals, along with deferred annuity options that allow customers to decide when their pension begins. Premiums paid under the plan are eligible for tax benefits under Sections 80C and 80CCC, within the overall limit of ₹1.5 lakh, as per prevailing tax laws.

Commenting on the launch, Prerak Parmar, Chief Growth Officer, Bharti AXA Life Insurance, said the Swabhimaan Retirement Plan has been built to address the changing expectations of modern retirees. He noted that by combining shorter premium payment terms under select options with guaranteed lifelong income and joint-life continuity, the plan empowers customers to plan their second innings with financial certainty, confidence and dignity.

The Bharti AXA Life Swabhimaan Retirement Plan will be available across the insurer’s distribution ecosystem, including branches, partner networks and digital platforms. With this launch, Bharti AXA Life Insurance further reinforces its commitment to delivering long-term, technology-enabled financial solutions that help customers plan securely for life beyond work.