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Bajaj Allianz Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-participating individual, life, limited premium payment whole life-saving plan. Life Secure Plan offers flexible premium payment terms with a plan customization option. A whole life plan that offers term cover with 3 plan options comprehensively covering accidental death, and critical illness depending on the policyholder's choice Here are the plan options:
Plan Option |
Coverage |
---|---|
Plan Option 1 | Death Benefit |
Plan Option 2 | Death Benefit + Accidental Death Benefit |
Plan Option 3 | Death Benefit + Accidental Death Benefit + Waiver Of Premium Benefit |
Let's explore more about the plan in the later sections.
If a person wishes to buy this plan he/she has to fulfil the following eligibility criteria:
Parameter |
Details |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Minimum Entry Age | 25 Years | ||||||||||
Maximum Entry Age | Coverage Option 1 & 2: 55 Years Coverage Option 3: 50 Years |
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Policy Term | (100 minus entry age) years | ||||||||||
Premium Paying Term | 5,7, 10 and 15 years | ||||||||||
Minimum Premium |
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Maximum Premium | No Limit | ||||||||||
Maximum Sum Assured | Rs 20,00,000 | ||||||||||
Premium Payment Frequencies | Yearly, Half Yearly, Quarterly, Monthly |
The plan offers a bounty of pros that are mentioned below:
The plan offers ample benefits that are mentioned below:
Plan Option |
Benefit Paid |
||||
---|---|---|---|---|---|
Plan Option 1 | Only Death Benefit will be payable which is 105% of the sum assured or 10 times of annualized premium. | ||||
Plan Option 2 |
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Plan Option 3 |
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The plan has a few limitations that are mentioned below:
Bajaj Allianz Life Secure Term Plan can be a good choice as it comes in 3 plan variants, provides insurance cover for a hundred years, multiple death benefits high sum assured rebates, and much more. The term plan is comprehensive and even covers 11 critical illnesses. It comes with a Waiver of Premium Benefit as well if the policyholder is detected with Permanent Total Disability. Life Secure term plan doesn't leave any stone unturned when it comes to leaving a financial corpus for your family.Â
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.
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
The plan provides pure term and health coverage, providing whole life cover and accidental total permanent disability.
Unique Features
A comprehensive term life insurance plan that offers level life cover at an affordable cost.
Unique Features
The comprehensive plan offers death coverage, accidental death coverage, Cancer cover benefits, and Waiver of Premium on Critical Illness Benefits.
Unique Features
An increasing life cover term plan which comes with rebates on sum assured. Gives the option of payout in instalments.
Unique Features
A pure protection loan repayment term plan which comes with riders, tax benefits and limited premium payment term.
Unique Features
A pure term plan that comes with female discounts, death benefit and a high sum assured for more protection.
Unique Features
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
The policy offers a revival period of 5 years after the termination of the policy.
The plan offers a grace period of 15 days after the policy lapses.
The plan offers a freelook period of 15 days.
No, the plan does not offer any Rider Benefits.
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Read what our customers have to say about Bajaj Allianz term insurance company
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.
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
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.
Kaneeka Joshi
Chandigarh
October 6, 2021
good service during claims settlement recently. Now bought another cover from Bajaj for their service
Shubham Sharma
Delhi
October 5, 2021
grateful! good plans! I m planning to renew my policy now with them. the features are pretty impressive
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
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!
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!
Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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