Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. Wit ...Read More
Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, you can protect your loved ones till 60 years of age. ...Read Less
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Term and Life Insurance
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.
Term Insurance
Bijendra Singh with his 9 years of experience in the term insurance sector, has been instrumental in designing customer-centric sales programs. His passion towards innovation strives to achieve organizational objectives while driving sustainable growth in the competitive insurance landscape.
Updated on Oct 15, 2025 6 min read
Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, you can protect your loved ones till 60 years of age.
Bajaj iSecure Loan Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 65 years
Minimum term - 10 years Maximum term - 25 years
Base sum assured: Rs 3 lakhs to no limit
The policy loan is not available under isecure Loan Plan
Annual, half-yearly, quarterly & monthly
Let's understand how the Bajaj iSecure Loan works with a simple premium illustration.
Mr. Verma is looking for a term plan that provides financial safety to his family and ensures that his liabilities don't act as a burden for his family in case of his unfortunate demise.
His financial advisor advised him to buy the Bajaj iSecure Loan Plan. He visited PolicyX.com
Let's understand how the Bajaj iSecure Loan 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 9,821 | 10 years | 6 years | Rs 58,926 | Rs 30 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 30 lakhs will be paid to their nominee.
Here are the benefits associated with the Bajaj iSecure Loan
As you pay premiums and the policy continues, your loan amount reduces. The prevailing sum assured is paid upon the death of the life assured.
This plan offers premium discounts on choosing a sum assured of above 5 lakhs.
Upon the unfortunate demise of the life insured during the policy term Bajaj iSecure Loan plan pays the death benefits to their loved ones.
Bajaj offers term insurance tax benefits under section 80C of income tax 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
You can add the following riders to your Bajaj i-Secure Loan Term Plan:
In case of the policyholder’s demise due to the accident benefits are paid to their nominee.
Future premiums are waived off in case of the policyholder’s demise due to accidental death, disability, or any of the 11 critical illnesses mentioned.
Under the accidental disability rider,Benefits are offered in case of the policyholder’s disability or demise due to the accident.
Benefit from limited premium payment term of 2/3rd of your policy term.
Bajaj i-Secure Loan Term Plan provides an option to choose from 'Multiple Premium Payment Terms'.
Flexibility to select your policy term from 10,15,20 and 25 years depending on the tenure of your loan.
Bajaj i-Secure Loan Term Plan provides you the option to enhance your coverage with rider benefits
Here is the list of exclusions associated with the plan:
Want to know the Bajaj iSecure Loan plan in short? For your convenience, we are providing a short overview of the plan. By knowing what's good here and what's lacking, you can easily decide to purchase.
What's Good?- Reducing cover, rider benefits, flexible premium paying option, joint life cover
What's Lacking?- No zero cost, no return of premium
If you have doubts or queries regarding the Bajaj iSecure Loan term plan or need assistance, you can contact us at policyX.com by dialing 1800 420 0269.
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The minimum age to purchase a Bajaj iSecure loan is 18 years.
A 30-day interest-free grace period is available, so you can repay the premium amount even after the due date.
Yes, you can opt for tax benefits under the premium paid for up to 1.5 lacs under section 80C of Income Tax 1961.
There is only an annual premium paying mode available in the Bajaj iSecure loan plan.
The minimum maturity age to purchase a Bajaj iSecure loan is 23 years.
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February 5, 2023
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