Bajaj Allianz Life Insurance focuses on pension products

Kolkata, June 26 (IANS) Bajaj Allianz Life Insurance will be focusing on pension products and also expects that share of these products in its total first premium income to become 15-18 per cent by end of the current fiscal, an official said on Wednesday.

"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," the life insurer's MD& CEO Tarun Chugh said.

Unveiling a study-India's Life Goals Preparedness Survey 2019 which was conducted by the company, he said retirement-related life goals are becoming a priority.

According to him, pension products are among the "major focus area" of the company.