iSecure Insurance Plan
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparision

Free Comparision

Free Quotes From Top Companies



Phone No.




By proceeding you are accepting our T&C and privacy policy

Bajaj Allianz iSecure Insurance Plan

Bajaj Allianz iSecure is a non-linked, non-participating, regular premium term insurance plan that secures your family's financial future at an affordable cost. To promote a healthy lifestyle, the plan offers special premium rates for non-smokers. You also have an option to enhance the overall protection with the help of riders.


Entry age

18-60 years

Maturity age

28-70 years

Policy term

10/15/20/25/30 years

Sum assured

Rs.2,50,000-No limit

**Last Updated on 31-12-2020

Minimum premium installment

Sum assured





<20 lakhs





>=20 lakhs





**Last Updated on 31-12-2020

*For monthly installment, 3 installments have to be paid at the inception of the policy.

What are the key features & benefits of the Bajaj Allianz iSecure Insurance Plan?

The plan offers some delightful features to its customers. Let's learn about them.

Protection to spouse

If the individual is not married at the time of policy purchase, he can choose to cover his spouse under the policy at a later stage.

Death benefit

The benefit is based on two approaches. In an individual life approach, a sum assured is given to the nominee on the policyholder's death. The policy is terminated once the benefit is paid.

This is not the case in the joint life approach. Here, the benefit is paid if any one of the covered members dies, but the policy continues for the other person and its premium is based on age, policy term, premium payment frequency, etc. The policy is terminated once the surviving life assured dies.

Maturity benefit

The policy doesn't shell out maturity benefits on life assured's survival till the end of the policy term.

Surrender benefit

No surrender benefit is payable under the policy.

Free-look period

If the customer is not satisfied with the policy's terms and conditions, the policy can be canceled within 15/30 days of purchase.

Tax benefits

Thanks to the Income Tax Act, 1961, the policyholder can enjoy tax benefits on regular premiums paid.

Grace period

If the policyholder fails to pay the premiums on time, the policy will grant 15 days (for monthly payment mode) and 30 days (for other modes) to make the payment. Post that, the policy will lapse.

Suicide clause

If the policyholder commits suicide within 12 months from the policy's commencement or on the policy's last date of revival (whichever is later), 80% of the premiums paid (till then) will be provided to his nominee.

Premium rebates

On choosing a higher sum assured, the plan provides great premium rebates to the policyholder. However, they vary by lifestyle categories (preferred non-smoker, non-smoker, and smoker) and sum assured bands.

For joint life policy, the joint life rebates are as follows-

Age of older life assured




JLR as % of the total gross premium

applicable to the individual lives




**Last Updated on 31-12-2020

How does Bajaj Allianz iSecure Plan work?

To explain the plan's functioning, let's take the help of an example.

Ajay, a 30 year old, opted for the iSecure plan on an individual basis. He chose a sum assured of Rs.25 lakhs, with a policy term of 20 years and a premium payment term of 20 years. His annual premium was Rs.3,723 (exclusive of GST). After 6 months, Ajaj met with an accident and died on the spot. His nominee got Rs.25 lakhs as a death benefit.

How can you buy Bajaj Allianz iSecure Plan?

Sadly, iSecure plan is not available online. If you want to buy it, just visit the nearest branch of Bajaj Allianz Life Insurance and bring home the plan with you. The company may ask you to bring along a few documents like income & identity proof, address proof, education details, among others. If you run into any trouble, call 1800-4200-269 to speak with the experts of They will happily help you out.

What is the Bajaj Allianz iSecure claim process?

The company requests its customers to follow a simple claim process for easy claim settlement. Here it is.

  • On the official website of Bajaj Allianz Life Insurance, go to 'Customer Service' and click on 'Claim Assistance'.
  • Go down and take your cursor to 'Step1' and click on 'Read more'.
  • Fill in the details such as Policy Number, Name, Pin Code, E-mail ID, and Phone Number.
  • Tap on 'Proceed to Download Form'.
  • Attach the required documents and submit them to the nearest branch of the company.
  • The company will analyze the documents and keep you updated.
  • On approval, the company will transfer the claim amount to the registered bank account.


1. Can I avail of a loan under Bajaj Allianz iSecure Plan?

No, the plan doesn't offer its customers the luxury of taking a loan.

2. How many riders are available under Bajaj Allianz iSecure Plan?

There are three riders- Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider, Bajaj Allianz Accidental Death Benefit Rider, and Bajaj Allianz Waiver of Premium Benefit Rider.

3. Can I alter the premium payment frequency of my Bajaj Allianz iSecure Plan?

Yes, this is possible at any policy anniversary, subject to minimum premium limits under the policy.

4. Can my nominee take the death benefits under the iSecure plan in installments?

Yes, the benefit can be availed in equal monthly installments over 5/10 years from the date of intimation of the policyholder's death.

**Last Updated on 31-12-2020