Bajaj Term Insurance
Bajaj Lifestyle Secure Term Plan is a pure protection plan that offers ...Read More
A quick read on what this Bajaj Term Insurance term plan covers and why it might be a fit for you.
Bajaj Lifestyle Secure is a dual benefit insurance plan that combines life cover with protection against critical and terminal illnesses in one policy. Many people struggle to choose between life insurance and health insurance, but this plan addresses both needs together through a single solution. It provides financial protection for the family in case of death and offers lump sum support during serious health conditions.
Bajaj Lifestyle Secure Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bajaj Lifestyle Secure Plan works with a simple premium illustration.
Mr. Verma is looking for a term plan that provides financial safety to his family in case of his unfortunate demise.
His financial advisor advised him to buy the Bajaj Lifestyle Secure Plan. He visited PolicyX.com
Let's understand how the Bajaj Smart Protection Goal Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 8,400 | 30 years | 30 years | Rs 2,64,000 | Rs 50 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 50 lakhs will be paid to their nominee.
You can add the following riders to your Bajaj Lifestyle Secure:
In case of the policyholder’s demise due to the accident benefits are paid to their nominee.
Under the accidental disability rider ,Benefits are offered in case of the policyholder’s disability or demise due to the accident.
Key features that make Bajaj Lifestyle Secure stand out.
Inbuilt Accelerated Terminal Benefit
The plan comes with an Inbuilt Accelerated Terminal Illness risk cover that allows you to avail a life cover amount in case of diagnosis of terminal illness.
No medicals required
There's no medical test required to opt for Bajaj LifeStyle Secure Plan.
Affordable premiums
The plan offers high life cover in exchange for affordable premiums.
Lower premiums for females
Bajaj LifeStyle Secure Plan offers lower premium rates for their female policyholders.
Here are the key benefits of the Bajaj Lifestyle Secure.
High Sum AssuredRebate
The plan offers a special premium discount for each Rs. 1000 after exceeding Rs. 3,00,000 sum assured.
Flexible-PremiumPayment Modes
Throughout the policy term, you can change your premium payment mode based on your budget and convenience.
Option to take Death benefits as per requirements
The plan offers you the flexibility to change a death benefits or terminal illness cover payout option as per your requirement- monthly or lumpsum.
Tax benefits
Bajaj offers term insurance tax benefits under section 80C of the income tax act 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Here is the list of exclusions associated with the plan:
Bajaj Lifestyle Secure is a simple term plan that offers financial protection to your loved ones after your demise. This plan offers a range of benefits including- life cover, flexible premium payment options, add on covers, no medicals required etc.
If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
Bajaj Lifestyle Secure is a simple term plan that offers financial protection to your loved ones aft
The 5 most-asked questions about Bajaj Lifestyle Secure, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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