Bajaj Allianz iSecure Plan
  • 105% Death Benefit
  • Rider Benefit
  • 50L Max Sum Assured
Bajaj Allianz Term Insurance
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Bajaj Allianz iSecure Term Plan

Bajaj iSecure is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers rewards for maintaining a healthy lifestyle and special premium rates for non-smokers and women. The policyholder gets the flexibility to select their policy terms, and premium payment frequency and can even add a spouse later during the policy term. To meet the financial changes in life the plan offers an option of opting for payment of benefits in installments and adding a rider for extra coverage. Let us explore the iSecure plan in this article.

Eligibility Table Of Bajaj Allianz iSecure Term Plan

The insured has to fulfill the following eligibility criteria to buy this plan:

Parameters Eligibility
Minimum Age At Entry18 Years
Maximum Age At Entry65 Years
Minimum Sum assuredRs 25,00,000
Maximum Sum AssuredRs 50,00,000
Premium Payment Term (PPT) & Policy Term(PT)
Premium PaymentMinimum
PPTPT
Maximum
PPTPT
Regular Premium
1010
85 Yrs85 Yrs
Limited Premium
510
2585 Yrs
Minimum Installments Premium
YearlyHalf-YearlyQuarterlyMonthly
Rs 3,000Rs 1,500Rs 750Rs 250
For monthly installments, three installments need to be paid at the inception of the policy.
Minimum Maturity Age28 Years
Maximum Maturity Age85 Years

Read more specifications in the brochure.

Key Features and Benefits Of Bajaj Allianz iSecure Term Policy

The policy offers a plethora of benefits that are mentioned below:

  • Death Benefit
    The plan offers a lumpsum benefit payout as a death benefit, here are the ways the plan pays for a death benefit:

    Individual Life Cover

    Joint Life
    105% of the Sum assured Paid to the nominee.105% of the Sum assured is paid.
    On the death of any of the members the benefit will be paid, and the policy will still remain in force with reduced premium.
  • Surrender Benefit
    The plan offers a surrender benefit but only for Limited Premium Policies, not for the Regular Premium Policy. The plan offers special and guaranteed surrender value.
  • Additional Rider Benefit
    iSecure plan offers additional coverage with rider benefits. The riders currently available with Bajaj Allianz iSecure are:
    • Bajaj Allianz Accidental Death Bebefit Rider
    • Bajaj Allianz Accidental Permanent Total/ Partial DIability Benefit Rider
    • Bajaj Allianz Waiver Of Premium Benefit Rider
  • Discounts 
    The plan offers a discount for non-smokers and female lives.
  • Rebate On High Sum Assured
    The plan offers a rebate on the premium if the policyholder opts for a high sum assured.
  • Plan Flexibility
    The plan offers flexibility for:
    • Selecting an individual or a Joint Life Policy
    • Premium Payment Frequency
    • Take Death Benefit in Instalments
    This benefit makes this dynamic and hassle-free for the policyholder.
  • Tax Benefit
    If a person buys this plan he/she is eligible for tax benefit under section 80(C) of the Indian Tax Law.

Terms and Conditions of Bajaj Allianz iSecure Term Plan

The plan has a few limitations that are mentioned below:

  • Maturity Benefit: The pan doesn't offer any maturity benefit.
  • Suicide Cover: In case of suicide, the plan offers a waiting period of 12 months.
  • Policy Loan: The plan doesn't provide any policy loan benefit.

Premium Illustration Table

Here is the premium table:

Limited Category 

Premium Payment Term and Policy Term (in Years)
10152025 30
Smokers2,8033,9734,2664,7535,387
Non Smokers3,4693,5613,7234,0474,486
Preferred Non-Smokers3,2853,3533,4883,7804,208

Let's Sum It UP

Bajaj Allianz iSecure Term Plan is a pure term plan that offers life insurance cover at nominal costs and enables the nominee of the policyholder to receive a death benefit in installments. It is a simple plan with 2 premium payment options, high sum assured discounts, life cover for the spouse, discounts for mining health lifestyle, and tax benefits.

Bajaj Allianz Life Term Insurance Plans

To secure your family's needs, Bajaj Allianz offers 8-term insurance plans via online and offline channels, from which you can choose a well-suited plan for yourself.

Bajaj Allianz Life Saral Jeevan Bima

A simple easy to understand pure protection term plan which comes in affordable premiums and provides death benefit to the family of the policyholder.

Unique Features

  • Future Proofing Benefit
  • 100 % Death Benefit
  • Max Sum Assured 25 Lakh

Saral Jeevan Bima (Pros)

  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Saral Jeevan Bima (Other Benefits)

  • Avail Tax Benefits
  • Easy Claim Settlement Process
  • Flexible-Premium Payment term

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP (5&10 Years)

Bajaj Allianz Life eTouch Online Term

The plan provides pure term and health coverage, providing whole life cover and accidental total permanent disability.

Unique Features

  • Waiver of Premium(WOP)
  • Accelerated Critical Illness(ACI)
  • 4 variants

eTouch Online Term (Pros)

  • Shield
  • Shied Plus
  • Shield Supreme

eTouch Online Term (Cons)

  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

eTouch Online Term (Other Benefits)

  • Max Sum Assured 2 Cr
  • Sheild Super
  • High Sum Assured Rebate (HSAR)

eTouch Online Term (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - 10 to 40 Yrs

Bajaj Allianz iSecure Plan

A comprehensive term life insurance plan that offers level life cover at an affordable cost.

Unique Features

  • Joint Life Cover Option
  • Non-Smokers Discount
  • Flexible Premium Payment

iSecure Plan (Pros)

  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

iSecure Plan (Cons)

  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

iSecure Plan (Other Benefits)

  • Tax Benefits
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

iSecure Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 2.5 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 10 to 25 Yrs

Bajaj Allianz Life Smart Protection Goal

The comprehensive plan offers death coverage, accidental death coverage, Cancer cover benefits, and Waiver of Premium on Critical Illness Benefits.

Unique Features

  • (ROP) as Maturity Benefit
  • Whole Life cover
  • Waiver of Premium Benefit

Smart Protection Goal (Pros)

  • Critical Illness Benefit
  • Accidental Death Benefit (ADB)
  • Accidental Total Permanent Disability Benefit

Smart Protection Goal (Cons)

  • No Loans Allowed
  • 180 Days WP For Critical Illness
  • No Rebate for SA above 3 cr

Smart Protection Goal (Other Benefits)

  • Suicide Cover After 12 Months
  • Female Life Rebate
  • High Sum Assured Rebate (HSAR)

Smart Protection Goal (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 5 L
  • Max Maturity Age - 75 Yrs(ROP)
  • Premium Payment Term - RP/SP/LP

Bajaj Allianz iSecure More

An increasing life cover term plan which comes with rebates on sum assured. Gives the option of payout in instalments.

Unique Features

  • Spouse Cover
  • 5% Increase SI Annually
  • Death Benefit

iSecure More (Pros)

  • Convert to Joint Life Cover
  • Enhanced Cover with Riders
  • Option for Disbursement In Monthly Installments

iSecure More (Cons)

  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

iSecure More (Other Benefits)

  • Tax Benefit
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

iSecure More (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 2.5 L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - 10, 15, 20 & 25 years

Bajaj Allianz iSecure Loan

A pure protection loan repayment term plan which comes with riders, tax benefits and limited premium payment term.

Unique Features

  • Death Benefit
  • Flexible Loan Rates
  • Flexible policy Term

iSecure Loan (Pros)

  • Suicide Cover
  • Tax benefits
  • Policy Revival within 5 Years

iSecure Loan (Cons)

  • No Survival Benefit
  • No Surrender Benefit
  • No Discount Benefit

iSecure Loan (Other Benefits)

  • Accidental Death Benefit Rider
  • Waiver of Premium Benefit Rider
  • Accidental Permanent Total/Partial Disability Rider

iSecure Loan (Eligibility Criteria)

  • Entry Age -25 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 3 L
  • Maximum Maturity Age - 65 Yrs
  • Premium Payment Term - 10, 15, 20 & 25 years

Bajaj Allianz Life Secure

A pure term plan that comes with female discounts, death benefit and a high sum assured for more protection.

Unique Features

  • Three Coverage Options
  • 100 Years Life Cover
  • 4 Premium Payment Terms

Life Secure (Pros)

  • Surrender Benefit
  • Suicide Cover
  • Choose your Sum Assured

Life Secure (Cons)

  • No Survival Benefit
  • No Thyroid Cancer Cover
  • No Maturity Benefit

Life Secure (Other Benefits)

  • Death Benefit
  • Accelerated Critical Illness
  • Waiver of premium Benefit

Life Secure (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - 5, 7, 10 and 15 years

Bajaj Allianz LifeStyle Secure

A pure-risk plan that provides level cover term assurance and accelerated terminal illness benefit. The plans gives an option of regular income or lump sum.

Unique Features

  • Rebate on high sum assured
  • Discounts for Female
  • No Medical Examination

LifeStyle Secure (Pros)

  • Family Cover
  • Choose your Policy Term (PT)
  • Inbuilt Accelerated Terminal Illness

LifeStyle Secure (Cons)

  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

LifeStyle Secure (Other Benefits)

  • Suicide Cover
  • Easy Claim Settlement
  • Policy revival Within 5 Years

LifeStyle Secure (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - 3L
  • Maximum Maturity Age - 60 Years
  • Premium Payment Term - 5/ 7/ 10/ 15/ 20 Yrs

Bajaj Allianz iSecure Term Plan: FAQs

1. What is the Grace Period offered by the Bajaj Allianz iSecure Plan?

The plan offers a grace period of 30 days.

2. What is the Freelook Period offered by Bajaj Allianz iSecure Term Plan?

The plan offers a freelook period of 15 days.

3. What is the Policy Revival period offered by Bajaj Allianz iSecure Term Plan?

The plan offers a policy revival period of 5 years.

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Bajaj Allianz Term Insurance Reviews

Read what our customers have to say about Bajaj Allianz term insurance company

Customer Review Image

Prerna Negi

Chennai

April 8, 2024

I bought a Bajaj Allianz Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

Customer Review Image

Anupam yadav

Bhopal

February 16, 2024

Excellent customer service of policyx.com They guided me through the entire process of bajaj allianz life insurance and found me the best plan with good coverage under my budget

Customer Review Image

Somesh

Agra

December 9, 2022

I had many confusions regarding the term policies . But Policyx has handled it well, m happy that they are my wayfarer in this journey.

Customer Review Image

Kaneeka Joshi

Chandigarh

October 6, 2021

good service during claims settlement recently. Now bought another cover from Bajaj for their service

Customer Review Image

Shubham Sharma

Delhi

October 5, 2021

grateful! good plans! I m planning to renew my policy now with them. the features are pretty impressive

Customer Review Image

Saksham Patani

Bhopal

October 5, 2021

it s a good company. i was offered a term plan and the premiums in my budget! Also thankful to policyx for their inputs and suggestions

Customer Review Image

Kopil Dev

Mumbai

October 4, 2021

amazing service! like truly amazing! i mean I have always been so skeptical about insurance...but Bajaj was so professional and dealt with my queries wonderfully!

Customer Review Image

Sanam Makheeja

Chandigarh

October 4, 2021

good team the company has created...very very helpful and quick with query resolution! I am grateful to be a customer of this company!

Daina Mathew

Written By: Daina Mathew

Daina is a content writеr with a profound grasp of Insurancе, Stocks, and Businеss domains. Hеr extensive 3-year еxpеriеncе in thе insurancе industry еquips hеr with a nuancеd undеrstanding of its intricaciеs. Hеr skills еxtеnd to crafting blogs, articlеs, social mеdia copiеs, vidеo scripts, and wеbsitе content. Her ability to simplify complex insurancе concepts into reader-friendly content makes her an еxpеrt in the domain.

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