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Bajaj Allianz Life

Bajaj Allianz Life Secure Term Insurance

We at Bajaj Allianz Life Insurance present Bajaj Allianz Life Secure– a unique non-linked, nonth participating, individual, life, limited premium payment whole life savings plan that provides you complete protection till your 100 birthday, so that you can live worry-free for a lifetime.
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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 Secure Term Insurance Overview

  • Key Benefits
  • Eligibility

Key Benefits of Bajaj Allianz LifeLife Secure Term Insurance

  • Life cover up to the age of 100 years
  • Choice of 4 Premium Payment Terms (PPTs), viz., 5, 7, 10 or 15 years
  • More value for money with High Sum Assured Rebate
  • Attractive premium rates for female lives

Eligibility Criteria of Bajaj Allianz LifeLife Secure Term Insurance

  Minimum Maximum
Entry age (Last Birthday) 25 years Coverage Options I & II – 55 years
Coverage Option III – 50 years
Maturity Age (Last Birthday) NA 100 years
Plan tenure (100 – age at entry) years
Premium payable Yearly – Rs.36,720
Half-yearly – Rs.18,727
Quarterly – Rs.9547
Monthly – Rs.3305		 No Limit
Premium Paying Term 5, 7, 10 or 15 years
Sum Assured Rs.20 lakhs No Limit
Payment modes Monthly, quarterly, half-yearly and annually or Single Premium

Brochure

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Policy wordings

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

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