1. Home
  2. Bajaj Allianz Life
  3. Term Life
  4. Bajaj Allianz iSecure Term Insurance
Bajaj Allianz Life

Bajaj Allianz iSecure Term Insurance

Bajaj Allianz iSecure, a term plan, enables you to provide the required financial security for your family. It offers a life cover at a low premium, with the option to your loved ones to receive the death benefit in instalments, in order to meet their financial needs.
Request a Call Back
Name is required
Email is required
Contact is required
Thank you for contacting us

Bajaj Allianz Life insurance review

Bajaj Allianz Life
Distribution - Number of branches pan India (March 2019)
604
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
50 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/67
Solvency Ratio (FY 2018-19) *
8.04
Number of Policies Sold (Ind+Group) *
311,507
Number of Lives Covered (Ind+Group) **
34,353,869
Claims Settlement Ratio (Ind+Group) ***
99.47%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Bajaj Allianz Life iSecure Term Insurance Overview

  • Key Benefits
  • Eligibility
  • Policy Benefits

Key Benefits of Bajaj Allianz Life iSecure Term Insurance

  • Rebate for high sum assured:If you opt for a high sum assured, iSecure offers attractive rebates in premium.
  • Life cover to your spouse:Enjoy the flexibility to include your spouse in the same policy, at inception or at a later date (in case of single at policy) inception, and enjoy joint life rebate on the total gross premium.
  • Lower premium for a healthy lifestyle:Receive the total premiums paid towards the policy at the time of maturity provided, no claim is made
  • Whole life cover:Get rewarded for maintaining a healthy life-style, if applicable, with special premium rates for non-smokers and for medically fit non-smoker1.
  • Multiple options for policy terms:Choose a policy term of 10, 15, 20, 25 or 30 years depending on your requirement..

Eligibility Criteria of Bajaj Allianz Life iSecure Term Insurance

  Minimum Maximum
Sum Assured (in Rs.) 2.5 lacs for General Category
20 lacs for Non-Smoker Discount		 No Limit
Policy Term (in years) 10 30
Premium Payment Term (in years) Equal to policy term
Entry Age of Policyholder (in years) 18 60
Age at Maturity (in years) 28 70
Premium (in Rs.) 1,000 for SA < 20 lacs
3000 for SA >= 20 lacs		 No Limit
Payment modes Yearly, Half-Yearly, Quarterly and Monthly

Policy Benefits of Bajaj Allianz Life iSecure Term Insurance

  • Maturity Benefit :No maturity benefit shall be payable on survival till the end of the policy term.
  • Surrender Benefit: No surrender benefit is payable under the plan.
  • Tax Benefits :Premium paid are eligible for tax benefits under section 80C of the Income Tax Act and death benefit is eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.

Brochure

Review Bajaj Allianz Life iSecure Term Insurance brochure to understand coverage details.

Know more »

Policy wordings

Review Bajaj Allianz Life iSecure Term Insurance policy wordings which explains the terms and conditions.

Know more »

Search for Bajaj Allianz Term Life insurance

Other popular Bajaj Allianz Term Life insurance India

 

Smart Protect Goal

iSecure Term

iSecure More Term

iSecure Loan Term
 
 

Life Secure Term

Life eTouch Online Term

Lifestyle Secure Term

Saral Jeevan Bima
 

Useful links

Product links

Keep in touch

  • Address

    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • 080-41101026
  • Send an email
CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025