Bajaj Allianz LifeStyle Secure Plan
  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term
Bajaj Allianz Term Insurance
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Bajaj Allianz LifeStyle Secure Plan

Most Indians consider insurance an unnecessary expense because they're not sure whether to get life insurance or health insurance.

What if we told you there's a plan providing health and life insurance benefits? Yes, you heard us right; one such plan is the Bajaj Allianz LifeStyle Secure from Bajaj Allianz Life Insurance company, which aims to offer life protection with cover for terminal illnesses.

To put it simply, it is a pure protection plan that provides level cover term assurance along with terminal illness benefits. With their easy-to-understand features and special premium rates for females set this plan apart.

Bajaj Allianz LifeStyle Secure: Eligibility Criteria

Parameters Minimum Maximum
Entry Age 18 years 50 years
Maturity Age 23 years 60 years
Policy Term 5 years 20 years
Sum Assured Rs. 3,00,000 Rs. 15,00,000
Premium Payment Mode Yearly, Half-yearly, Quarterly, and Monthly

Unique Features of Bajaj Allianz LifeStyle Secure

  • The plan comes with an Inbuilt Accelerated Terminal Illness (TI) risk cover that allows you to avail a life cover amount in case of diagnosis of Terminal Illness.
  • The plan offers a hassle-free death payout procedure.
  • There's no medical test required to opt for Bajaj Allianz LifeStyle Secure Plan.
  • The plan offers a death payout in monthly installments, helping your family to continue a no-compromise lifestyle when you're not around.
  • The plan offers high life cover in exchange for affordable premiums.
  • Bajaj Allianz LifeStyle Secure Plan offers lower premium rates for their female policyholders.

Benefits of Bajaj Allianz LifeStyle Secure

  1. Flexible-Premium Payment Modes

    Throughout the policy term, you can change your premium payment mode based on your budget and convenience (i.e., yearly, half-yearly, quarterly or monthly).

  2. Option to take Death /TI installments in a lump-sum

    The plan offers you the flexibility to change a death benefits or terminal illness cover payout option as per your requirement. It offers two payout options, such as monthly instalments or in a lump sum.

  3. High Sum Assured Rebate

    The plan offers a special premium discount for each Rs. 1000 after exceeding Rs. 3,00,000 sum assured amount of Rs. 2.75.

  4. Tax Benefits

    As per Section 80C & 10(10D) of the Income Tax Act, Premium paid, Death Benefit and Surrender Benefit are eligible for tax benefits.

Premium Illustration of Bajaj Allianz LifeStyle Secure

Given below are the premium illustrations of the Bajaj Allianz LifeStyle Secure Plan for a person aged 30 years old, a non-smoker male earning 10 lacs or above annually, looking for insurance coverage of 50 lacs till 60 years.

Age Policy term Cover up to Sum assured Premium amount (Monthly)
30 years 30 years 60 years 50 lacs Rs 698

Exclusions of Bajaj Allianz LifeStyle Secure

Given below are some exclusions of the Bajaj Allianz LifeStyle Secure Plan

  • The policy shall be terminated if the policyholder commits suicide within 12 months from the date of policy inception.
  • Consumption of any intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports.

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 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 Life Diabetic Term Plan Sub 8 HbA1c

A pure-risk life insurance plan designed exclusively for Type 2 diabetics with HbA1c level <=8% and pre-diabetics.

Unique Features

  • Diabetics & Pre-Diabetics Cover
  • 'Keep Fit' Benefit
  • Health Management Services

Diabetic Term Plan Sub 8 HbA1c (Pros)

  • Premium Reduction on Renewal
  • Good Health Premium Discounts
  • Health Management Services.

Diabetic Term Plan Sub 8 HbA1c (Cons)

  • No Maturity Benefit
  • No Surrender Value
  • Limited Coverage With Hba1c Level Above 8%

Diabetic Term Plan Sub 8 HbA1c (Other Benefits)

  • Tax Benefits Available
  • Flexible Sum Assured Options
  • Multiple Premium Payment Frequencies

Diabetic Term Plan Sub 8 HbA1c (Eligibility Criteria)

  • Entry Age -30 Years
  • Max Entry Age- 6 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP

Bajaj Allianz Lifestyle Secure: FAQs

1. What is Bajaj Allianz LifeStyle Secure policy?

Bajaj Allianz LifeStyle Secure policy is a pure protection plan that offers high life cover at affordable premiums.

2. What is the claim settlement ratio for Bajaj Allianz LifeStyle Secure policy?

Bajaj Allianz LifeStyle Secure policy is a reliable insurance provider with a CSR of 99.0%. (CSR as per IRDAI report of the year 2022-23).

3. Can I surrender my Bajaj Allianz LifeStyle Secure policy?

Yes, you can surrender the Bajaj Allianz LifeStyle Secure policy, but no surrender value is payable under this plan.

4. What is the maturity benefit of Bajaj Allianz LifeStyle Secure policy?

Under this plan, you'll not get any maturity benefit after completing the policy term.

5. What is the maximum sum assured in the Bajaj Allianz LifeStyle Secure Policy?

The maximum sum assured in Bajaj Allianz LifeStyle Secure policy is around Rs. 25,000 lacs.

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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.

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Kaneeka Joshi

Chandigarh

October 6, 2021

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

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Shubham Sharma

Delhi

October 5, 2021

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

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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

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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!

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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!

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