Bharti AXA Life Insurance launches a deferred annuity plan “Swabhimaan Retirement”.

Bharti AXA Life Insurance on Tuesday said it has launched a non-linked, non-participating individual deferred annuity plan ‘Swabhimaan Retirement’, which allows customers to plan early and lock in annuity rates at current levels, ensuring guaranteed income for life.

The life insurer said in a statement that the plan offers lifetime annuities (monthly, quarterly, semi-annual or annual pension), with an option to continue the same assured income for the lifetime of the surviving spouse, ensuring income security as long as the policyholder or spouse is alive.

Moreover, the Atmanirbhar option allows customers to withdraw in case of emergency.

“A key feature of the plan is a higher payout after every five years to help customers beat inflation and structure retirement income in line with their financial goals, cash flow requirements and life milestones,” the statement said.

The new plan offers Premium Payment Term (PPT) options of 2, 3 and 5 years under select annuity options, along with deferral options of up to 7 years. It is also possible, subject to policy conditions, to withdraw part of the surrender value once all premiums have been 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