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Divya Singh is an associate writer at PolicyX.com with over 1 year of experience in creating diverse forms of content. She specializes in breaking down complex terms and life insurance topics into clear, practical insights for readers. Her approach combines thorough research with a simple, engaging style, ensuring that customers can understand policies without confusion.
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Updated on Dec 08, 2025 8 min read
What is the Bajaj 1 Crore Term Insurance Plan?
Bajaj 1 crore term insurance plan is a financial tool that helps you protect your family’s financial future in your absence with a Rs 1 crore amount. In case of your death during the policy term, Bajaj will pay an amount of Rs 1 crore sum assured to your family so that they can live a comfortable life. Bajaj offers various plans that provide 1 crore coverage, including iSecure More, Smart Protect Goal, iSecure Loan, Life Secure, e-Touch Plan, etc.
There are several benefits of buying a 1 crore term insurance, including financial safety, high coverage, affordable premiums, debt protection, etc. The premiums of the Bajaj 1 crore insurance starts at just Rs 500/- per month.
1 Crore Term Insurance Plans Offered By Bajaj
We have provided a list of 1 crore term insurance plans offered by Bajaj Life Insurance that you can consider when buying a term insurance policy.
| Plan Name | Entry Age | Maturity Age | Policy Tenure | Unique Features |
| Bajaji Secure More | 18 to 60 years | 70 years | Minimum- 10 years Maximum-25 years |
|
| Bajaj Life Smart Protection Goal | 18 to 65 years | 99 years | Minimum- 5 years Maximum-99 minus entry age |
|
| Bajaj iSecure Loan | 18 to 60 years | 65 years | Minimum- 10 years Maximum-25 years |
|
| Bajaj Life Secure | 25 to 55 years | Whole Life | 100 minus entry age |
|
| Bajaj Life e-Touch II | 18 to 65 years | 85 years | Minimum- 10 years Maximum-40 years |
|
Overview of 1 Crore Bajaj Term Insurance Plans
To better understand the above plans, we have provided a brief overview and why you should choose a specific plan.
Bajaji Secure More Plan
iSecure More by Bajaj Life Insurance is a pure term insurance plan that protects your family financially in your absence. This plan provides an option to cover your spouse under the same plan with Joint Life Coverage. You have the option to enhance your plan coverage with additional rider benefits.
Why Choose Bajaj iSecure More Plan?
- Increasing 5% sum assured every policy year, up to a maximum of twice of sum assured.
- High sum assured rebates.
- Flexibility to choose policy term, alter premium payment frequency, etc.
- Option to receive death payout in instalments.
- Choice of sum assured.
Bajaj Life Smart Protection Goal
Bajaj Smart Protection Goal is a comprehensive term insurance plan that safeguards your family financially in your absence. It provides policyholders with an option to receive all their premiums back, along with protection against critical illness.
Why Choose Bajaj Life Smart Protection Goal?
- Option to receive all your premiums back.
- Whole life protection up to 99 years of age.
- Flexibility to choose a limited or regular premium payment option.
- Critical illness coverage against the listed illness.
- Policy loan with return of premium option.
BajajiSecure Loan
Bajaj iSecure Loan protects your family from the burden of any loan or debt taken by you in case of your death during the policy tenure. This plan provides an option to cover yourself, your spouse, business partner, etc. You can avail of attractive rebates on choosing a sum assured greater than Rs 5 lakhs.
Why Choose Bajaj iSecure Loan?
- Attractive high sum assured discount.
- Lower cost of insurance through lowering liabilities.
- Flexibility to choose the policy tenure.
- Limited premium payment term of 2/3rd of your policy term.
- Enhance coverage with additional rider benefits.
Bajaj Life Secure
Life Secure by Bajaj Life Insurance protects you at all stages of life so that you can live a stress-free life. This plan offers three coverage options for the policyholders to choose from: Death benefit, Death benefit plus accidental death benefit, and Death benefit plus waiver of premium.
Why Choose Bajaj Life Secure?
- Life coverage up to 100 years of age.
- Choice of 4 premium payment terms: 5, 7, 10, or 15 years.
- High sum assured rebate.
- Special discounts for female policyholders.
- Option to change the premium payment frequency.
Bajaj Life e-Touch II
BajajLife e-Touch II is a pure protection plan that protects your family from the uncertainties of life. This plan is designed to safeguard you and your family against unforeseen circumstances. The premium holiday option of this plan allows you to skip your premiums for 1, 3, or 5 years.
Why Choose Bajaj Life e-Touch II?
- Flexibility to pay premiums.
- Extra payout in case of death due to an accident.
- Option to defer premium payments by 12 months.
- Premium holiday option to skip premiums in case of uncertainty.
- Return of premium option.
Benefits of Bajaj1 Crore Term Insurance Plans
Buying a 1 crore term insurance plan from Bajaj offers a range of benefits to the policyholders. Let’s understand these benefits in detail:
Financial Safety
A 1 crore term insurance by Bajaj provides financial safety to your family in case of your death during the policy tenure. It helps your family live a comfortable life even in your absence.Tax Rebates
The premiums paid for the Bajaj 1 crore term insurance are eligible for tax rebates under Section 80 (C) of the Income Tax Act, 1961.Loan Protection
Bajaj 1 crore term insurance plan provides loan coverage to your family. This plan ensures that the loan taken by you will not become a burden for your loved ones.Choice of Payout
You can choose a payout of your choice with the Bajaj 1 crore term insurance plans. There are various payout options available, including lump sum, monthly, quarterly, half-yearly, or yearly.Enhanced Protection with Riders
A 1 crore term insurance by Bajaj allows you to enhance the plan coverage with additional riders like accidental death benefit rider, waiver of premium rider, critical illness rider, etc.
Documents Required to Buy A Bajaj 1 Crore Term Insurance
There are various documents required to buy a Bajaj 1 crore term insurance. We have listed below all the documents required.
| Types of Documents | Documents |
| Identity Proof (Any one) | Passport, Voter ID, Aadhaar Card, PAN Card |
| Income Proof | If salaried - Last 3 months’ salary slips and bank statements having salary credit information. |
| If self-employed, the last 3 years with the Computation of Income (COI). | |
| Address Proof (Any one) | Water Bill, Telephone Bill, Aadhaar Card, Rent Agreement, Electricity Bill |
| Medical Proof | The latest medical test reports allocated by the insurer |
How to Buy a Bajaj 1 Crore Term Insurance Plan?
You can buy a Bajaj 1 Crore term insurance either from PolicyX.com or the insurer’s website.
Buying From PolicyX.com
Step 1: Visit the official website of PolicyX.com.
Step 2: Select your age, gender, city, annual income, name, and mobile number.
Step 3: Choose your date of birth, education qualification, occupation, and smoking habits. Then click on ‘Continue’.
Step 4: Choose your coverage amount as 1 crore and company as ‘Bajaj Life Insurance’.
Step 5: The list of 1 crore Bajaj term plans will be displayed on your screen.
Step 6: Choose a plan that best suits your needs and make the premium payment.
Once payment is made, you will shortly receive the payment receipt.
Buying From the Insurer’s Website
You can buy the Bajaj1 crore term insurance policy from their website or one of Bajaj official branch offices.
Conclusion
A 1 crore term insurance by Bajaj Life Insurance provides a comfortable lifestyle to your loved ones in your absence. It is an ideal choice for anyone looking to secure their dependent’s financial future. If you are wondering about the premium cost of your 1 crore term insurance plan, you can use the PolicyX term insurance calculator.
If you are still confused about which Bajaj 1 crore term insurance plan is best, you can contact us at PolicyX.com or call us at 1800-420-0269.
We offer No Spam, No Gimmicks, and Only Xpert Insurance Advice.
FAQs: Bajaj 1 Crore Term Insurance
1. How much does a Bajaj 1 crore term insurance cost?
The premiums for Bajaj 1 crore term insurance start at just Rs 500/- per month.
2. Is Bajaj good for term insurance?
Yes, Bajaj is a good insurer to buy a term insurance plan.
3. How to buy a Bajaj 1 crore term insurance?.
You can buy a Bajaj 1 crore term insurance either from PolicyX.com or Bajaj’s official website.
4. What is the claim settlement ratio of Bajaj Life Insurance?
As per the IRDAI report, the claim settlement ratio of Bajaj Life Insurance is 99.23%
5. Is 1 crore Bajaj term insurance enough for me?
A 1 crore coverage is decent, but you have to see whether it aligns with your lifestyle costs, number of dependents, and several other factors.
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