Bajaj iSecure Loan

Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. Wit ...Read More

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DIVYA SINGH
Written By:
DIVYA

DIVYA SINGH

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.

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Reviewed By:
Bijendra Singh

Bijendra Singh

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.

Bajaj iSecure Loan

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:

why-choose
  • Premium Flexibility 
  • Tax Benefit
  • Surrender Value
  • Additional riders to choose from
  • Death benefits
  • Choice of sum assured

Eligibility Criteria for Bajaj iSecure Loan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 65 years

Your Gender

Policy term

Minimum term - 10 years Maximum term - 25 years

Maternity Benefit Rider

Sum assured

Base sum assured: Rs 3 lakhs to no limit

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under isecure Loan Plan

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Bajaj iSecure Loan Work?

Let's understand how the Bajaj iSecure Loan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

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.

Solution

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.

Benefits of Bajaj iSecure Loan

Here are the benefits associated with the Bajaj iSecure Loan

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Riders Associated with Bajaj i-Secure Loan Term Plan

You can add the following riders to your Bajaj i-Secure Loan Term Plan:

Bajaj Accidental Death Benefit Rider

In case of the policyholder’s demise due to the accident benefits are paid to their nominee.

Bajaj Waiver of Premium Benefit Rider

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.

Bajaj Accidental Permanent Total/ Partial Disability Benefit Rider

Under the accidental disability rider,Benefits are offered in case of the policyholder’s disability or demise due to the accident.

Features of Bajaj iSecure Loan

Limited premium payment term 

Benefit from limited premium payment term of 2/3rd of your policy term.

Choose your premium payment term

Bajaj  i-Secure Loan Term Plan provides an option to choose from 'Multiple Premium Payment Terms'.

Select your policy term 

Flexibility to select your policy term from 10,15,20 and 25 years depending on the tenure of your loan.

Opt for rider benefits

Bajaj i-Secure Loan Term Plan provides you the option to enhance your coverage with rider benefits

Exclusions of Bajaj i-Secure Loan Term Plan

Here is the list of exclusions associated with the plan:

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

Conclusion

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.

Explore more about Bajaj Term Insurance

Explore other Bajaj Term Insurance

Bajaj Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Bajaj Term Insurance plans. Below is the list of term plans offered by Bajaj Term.

‘A woman who takes care of everyone in the family deserves a comprehensive solution that provides her protection.’ Bajaj Life Superwoman T...

Unique Features

  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit

Bajaj Superwoman Term Plan (Pros)

Bajaj Superwoman Term Plan
  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit

Bajaj Superwoman Term Plan (Cons)

Bajaj Superwoman Term Plan
  • 1 year waiting period for suicide
  • No policy loan
  • No pre-existing illness cover

Bajaj Superwoman Term Plan (Other Benefits)

Bajaj Superwoman Term Plan
  • Death Benefits
  • Terminal Illness
  • Benefit Waiver of Premium

Bajaj Superwoman Term Plan (Eligibility Criteria)

Bajaj Superwoman Term Plan
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 50 lakhs
  • Max maturity age - 99 years
  • PPT - RP/SP/LP

Bajaj iSecure More by Bajaj Life Insurance is an increasing cover term assurance plan. It offers a financial safety net to your loved ones in case of ...

Unique Features

  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate

Bajaj iSecure More (Pros)

Bajaj iSecure More
  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover

Bajaj iSecure More (Cons)

Bajaj iSecure More
  • 1 year WP for suicide
  • No policy loan
  • No whole life coverage

Bajaj iSecure More (Other Benefits)

Bajaj iSecure More
  • Death Benefits
  • Increasing Sum Assured
  • Tax Rebates

Bajaj iSecure More (Eligibility Criteria)

Bajaj iSecure More
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 2.5 lakhs
  • Max maturity age - 70 years
  • PPT - Same as policy term

Bajaj Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic individual...

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion

Bajaj Diabetic Term (Pros)

Bajaj Diabetic Term
  • Premium Reduction on Renewal
  • Good Health Premium Discounts
  • Health Management Services.

Bajaj Diabetic Term (Cons)

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

Bajaj Diabetic Term (Other Benefits)

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

Bajaj Diabetic Term (Eligibility Criteria)

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

Bajaj Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates, comes i...

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants

Bajaj Life Smart Protect Goal (Pros)

Bajaj Life Smart Protect Goal
  • Critical Illness Benefit
  • Accidental Death Benefit (ADB)
  • Accidental Total Permanent Disability Benefit

Bajaj Life Smart Protect Goal (Cons)

Bajaj Life Smart Protect Goal
  • No Loans Allowed
  • 180 Days WP For Critical Illness
  • No Rebate for SA above 3 cr

Bajaj Life Smart Protect Goal (Other Benefits)

Bajaj Life Smart Protect Goal
  • Suicide Cover After 12 Months
  • Female Life Rebate
  • High Sum Assured Rebate (HSAR)

Bajaj Life Smart Protect Goal (Eligibility Criteria)

Bajaj Life Smart Protect Goal
  • 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

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...

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term

Bajaj Lifestyle Secure Plan (Pros)

Bajaj Lifestyle Secure Plan
  • Family Cover
  • Choose your Policy Term (PT)
  • Inbuilt Accelerated Terminal Illness

Bajaj Lifestyle Secure Plan (Cons)

Bajaj Lifestyle Secure Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Lifestyle Secure Plan (Other Benefits)

Bajaj Lifestyle Secure Plan
  • Suicide Cover
  • Easy Claim Settlement
  • Policy revival Within 5 Years

Bajaj Lifestyle Secure Plan (Eligibility Criteria)

Bajaj Lifestyle Secure Plan
  • 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 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 ...

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits

Bajaj iSecure Loan (Pros)

Bajaj iSecure Loan
  • Suicide Cover
  • Tax benefits
  • Policy Revival within 5 Years

Bajaj iSecure Loan (Cons)

Bajaj iSecure Loan
  • No Survival Benefit
  • No Surrender Benefit
  • No Discount Benefit

Bajaj iSecure Loan (Other Benefits)

Bajaj iSecure Loan
  • Accidental Death Benefit Rider
  • Waiver of Premium Benefit Rider
  • Accidental Permanent Total/Partial Disability Rider

Bajaj iSecure Loan (Eligibility Criteria)

Bajaj iSecure Loan
  • 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 Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial security t...

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured

Bajaj Saral Jeevan Bima (Pros)

Bajaj Saral Jeevan Bima
  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Bajaj Saral Jeevan Bima (Cons)

Bajaj Saral Jeevan Bima
  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Saral Jeevan Bima (Other Benefits)

Bajaj Saral Jeevan Bima
  • Avail Tax Benefits
  • Easy Claim Settlement Process
  • Flexible-Premium Payment term

Bajaj Saral Jeevan Bima (Eligibility Criteria)

Bajaj Saral Jeevan Bima
  • 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 Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-participating ...

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver Of Premium

Bajaj Life Secure (Pros)

Bajaj Life Secure
  • Surrender Benefit
  • Suicide Cover
  • Choose your Sum Assured

Bajaj Life Secure (Cons)

Bajaj Life Secure
  • No Survival Benefit
  • No Thyroid Cancer Cover
  • No Maturity Benefit

Bajaj Life Secure (Other Benefits)

Bajaj Life Secure
  • Death Benefit
  • Accelerated Critical Illness
  • Waiver of premium Benefit

Bajaj Life Secure (Eligibility Criteria)

Bajaj Life Secure
  • 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 iSecure is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers rewards ...

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 lakhs Max Sum Assured

Bajaj iSecure plan (Pros)

Bajaj iSecure plan
  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

Bajaj iSecure plan (Cons)

Bajaj iSecure plan
  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

Bajaj iSecure plan (Other Benefits)

Bajaj iSecure plan
  • Tax Benefits
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

Bajaj iSecure plan (Eligibility Criteria)

Bajaj iSecure plan
  • 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 e-touch is a pure term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage various...

Unique Features

  • High SI Available
  • Accidental Death Benefit
  • Health Management Services

Bajaj Life e-Touch (Pros)

Bajaj Life e-Touch
  • Shield
  • Shied Plus
  • Shield Supreme

Bajaj Life e-Touch (Cons)

Bajaj Life e-Touch
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Life e-Touch (Other Benefits)

Bajaj Life e-Touch
  • Max Sum Assured 2 Cr
  • Sheild Super
  • High Sum Assured Rebate (HSAR)

Bajaj Life e-Touch (Eligibility Criteria)

Bajaj Life e-Touch
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - 10 to 40 Yrs

Bajaj iSecure Loan Term Insurance Plan : FAQs

1. What is the minimum eligibility age for purchasing a Bajaj iSecure Loan?

The minimum age to purchase a Bajaj iSecure loan is 18 years.

2. How much grace period is available in the Bajaj iSecure Loan term plan?

A 30-day interest-free grace period is available, so you can repay the premium amount even after the due date.

3. Can I opt for tax benefits for the premium paid for the Bajaj iSecure Loan

Yes, you can opt for tax benefits under the premium paid for up to 1.5 lacs under section 80C of Income Tax 1961.

4. How many premium paying modes are available in the Bajaj iSecure Loan Plan?

There is only an annual premium paying mode available in the Bajaj iSecure loan plan.

5. What is the minimum maturity age of the Bajaj Secure Loan term plan?

The minimum maturity age to purchase a Bajaj iSecure loan is 23 years.

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