Bajaj iSecure More

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 your unfortunate demise during the policy tenure. This plan allows you to increase your sum assured by 5% every policy year up to 200% of the sum assured. You can also get a discount on choosing a higher sum assured amount.

iSecure More Term Plan offers you various benefits including:

Choice of Policy Term
Option to Alter Premium Payment Frequency
Single Life and Joint Life Plan Options
Additional Rider Benefits

Increasing Sum Assured
Tax Rebates

Eligibility Criteria for Bajaj iSecure More

Entry age

Minimum age- 18 years, Maximum age- 60 years

Maturity age

Maximum maturity age- 70 years

Policy term

Minimum policy term- 10 years, Maximum policy term- 25 years

Sum assured

Base sum assured- Rs 2.5 lakh to No limit

Policy loan

A policy loan is not available under the Bajaj iSecure More Plan.

Payment modes

Yearly, half-yearly, quarterly, and monthly

How Does Bajaj iSecure More Term Plan Work?

Let’s understand how Bajaj iSecure More works with a simple premium illustration.

Problem

Mr Shekhar, a 30-year-old male is looking for a term insurance policy that increases his coverage amount at various intervals during the policy tenure.

Solution

While looking for a plan that suits his requirements, he visited PolicyX.com and booked a free appointment. The insurance expert advised him to go for the iSecure More Plan.

He bought the Bajaj iSecure More Plan. Let’s understand how the iSecure More Term Plan works for him with a simple premium illustration table.

Age of policyholder	Annual premiums	Policy tenure	Premium payment term	Total premiums paid	Sum assured
30 years	Rs 6,840	20 years	20 years	Rs 1,36,800	Rs 25 lakhs

Key Takeaways:

(i) In the case of Mr Shekhar’s unfortunate death during the policy tenure his family will receive death benefits worth Rs 25 lakhs.

Benefits of Bajaj iSecure More

Here are the benefits associated with the Bajaj iSecure More

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Riders You Can Choose With Bajaj iSecure More

You can choose the following rider options with your Bajaj iSecure More Plan to enhance your plan coverage.

Bajaj Accidental Death Benefit Rider

Rider benefits are paid to the nominee in case of the policyholder’s unfortunate death due to an accident during the policy tenure.

Bajaj Accidental Permanent Total/ Partial Disability Benefit Rider

In case of accidental permanent total/ partial disability, the applicable rider sum assured is paid to the policyholder.

Bajaj Waiver of Premium Rider

This rider waives off all your future premiums in the following circumstances: (i) death (ii) diagnosis of any of the 11 critical illnesses mentioned in the rider brochure (iii) accidental permanent total disability

Features of Bajaj iSecure More

Option to Change Premium Payment Frequency

iSecure More Term Plan allows you to change the premium payment frequency during the policy tenure as per your requirements.

Spouse Coverage

This plan provides you the option to add a spouse at a later stage during the policy tenure. Your individual term policy will be converted into a spouse term plan.

Option to Recieve Death Benefits As Instalments

Your nominee has the option to receive death benefits in instalments for 5 or 10 years from the date of the policyholder’s death. The nominee has to inform same to the insurer at the time of filling death claim form.

Grace Period

Bajaj iSecure More offers a grace period in case you miss your premium payments to avoid penalties. For monthly premium payments, the grace period is 15 days, and for other frequencies, it’s 30 days.

Exclusions of Bajaj iSecure More

Here is the list of exclusions associated with the plan:

No policy loan is available under this plan.
No maturity benefits are paid if the policyholder survives the policy tenure.
In case the policyholder’s death due to suicide within 12 months of policy purchase, no death benefits are paid to their loved ones. Only 80% of the premiums paid to date are returned to the nominee.

Conclusion

Bajaj iSecure More is a pure protection plan that offers financial coverage to your loved ones in case of your uncertain death. You can enjoy various benefits with this plan including choice of policy tenure, increasing sum assured, high sum assured rebate, spouse coverage, etc.

If you are confused about whether Bajaj iSecure More is the right choice for you or not, you can contact us at PolicyX.com.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice so that you can always get the best. So what are you waiting for? Schedule a call with us today.

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.

Bajaj Superwoman Term Plan

‘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)

Critical Illness Cover
Free Health Management Services
Child Care Benefit

Bajaj Superwoman Term Plan (Cons)

1 year waiting period for suicide
No policy loan
No pre-existing illness cover

Bajaj Superwoman Term Plan (Other Benefits)

Death Benefits
Terminal Illness
Benefit Waiver of Premium

Bajaj Superwoman Term Plan (Eligibility Criteria)

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

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)

7 Plan Options
Cover Continuance Benefit
Inbuilt Terminal Illness Cover

Bajaj iSecure More (Cons)

1 year WP for suicide
No policy loan
No whole life coverage

Bajaj iSecure More (Other Benefits)

Death Benefits
Increasing Sum Assured
Tax Rebates

Bajaj iSecure More (Eligibility Criteria)

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 Diabetic 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)

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

Bajaj Diabetic Term (Cons)

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

Bajaj Diabetic Term (Other Benefits)

Tax Benefits Available
Flexible Sum Assured Options
Multiple Premium Payment Frequencies

Bajaj Diabetic Term (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 Life Smart Protect Goal

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)

Critical Illness Benefit
Accidental Death Benefit (ADB)
Accidental Total Permanent Disability Benefit

Bajaj Life Smart Protect Goal (Cons)

No Loans Allowed
180 Days WP For Critical Illness
No Rebate for SA above 3 cr

Bajaj Life Smart Protect Goal (Other Benefits)

Suicide Cover After 12 Months
Female Life Rebate
High Sum Assured Rebate (HSAR)

Bajaj Life Smart Protect 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 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...

Unique Features

Level Cover Term
Terminal Illness Cover
Flexible-Premium Payment Term

Bajaj Lifestyle Secure Plan (Pros)

Family Cover
Choose your Policy Term (PT)
Inbuilt Accelerated Terminal Illness

Bajaj Lifestyle Secure Plan (Cons)

No Loans Allowed
No Surrender Benefit
No Maturity Benefit

Bajaj Lifestyle Secure Plan (Other Benefits)

Suicide Cover
Easy Claim Settlement
Policy revival Within 5 Years

Bajaj Lifestyle Secure Plan (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 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 ...

Unique Features

Protection against loan
Joint life cover
Rider benefits

Bajaj iSecure Loan (Pros)

Suicide Cover
Tax benefits
Policy Revival within 5 Years

Bajaj iSecure Loan (Cons)

No Survival Benefit
No Surrender Benefit
No Discount Benefit

Bajaj iSecure Loan (Other Benefits)

Accidental Death Benefit Rider
Waiver of Premium Benefit Rider
Accidental Permanent Total/Partial Disability Rider

Bajaj 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 Saral Jeevan Bima

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)

Spouse Cover
Max Sum Assured 25 Lakh
Available for Online Buying

Bajaj Saral Jeevan Bima (Cons)

No Survival Benefit
No Surrender Benefit
No Maturity Benefit

Bajaj Saral Jeevan Bima (Other Benefits)

Avail Tax Benefits
Easy Claim Settlement Process
Flexible-Premium Payment term

Bajaj 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 Life Secure

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)

Surrender Benefit
Suicide Cover
Choose your Sum Assured

Bajaj Life Secure (Cons)

No Survival Benefit
No Thyroid Cancer Cover
No Maturity Benefit

Bajaj Life Secure (Other Benefits)

Death Benefit
Accelerated Critical Illness
Waiver of premium Benefit

Bajaj 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 iSecure plan

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)

No Suicide Cover
Healthy Lifestyle Incentives
Customizable Options

Bajaj iSecure plan (Cons)

No Maturity Benefit
Limited Rider Options
Limited Availability for POS Channel

Bajaj iSecure plan (Other Benefits)

Tax Benefits
Premium Payment Options
High Sum Assured Rebate (HSAR)

Bajaj 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 Life e-Touch

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)

Shield
Shied Plus
Shield Supreme

Bajaj Life e-Touch (Cons)

No Loans Allowed
No Surrender Benefit
No Maturity Benefit

Bajaj Life e-Touch (Other Benefits)

Max Sum Assured 2 Cr
Sheild Super
High Sum Assured Rebate (HSAR)

Bajaj Life e-Touch (Eligibility Criteria)

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

FAQs: Bajaj iSecure More

1. What is Bajaj iSecure Plan?

Bajaj iSecure More is a pure protection plan offered by Bajaj Life Insurance. It is a simple plan that offers only death benefits in case of the policyholder’s uncertain death.

2. How to buy the iSecure More Plan?

You can buy the iSecure More Plan either from the official website of Bajaj Life Insurance or PolicyX.com.

3. Can I avail of additional riders with the Bajaj iSecure More plan?

Yes, you can choose from 3 additional riders with your iSecure More plan including an accidental death benefit rider, accidental permanent total/partial disability rider or waiver of premium rider.

4. Does Bajaj iSecure More offers maturity benefits?

No, the iSecure More Plan does not offer any maturity benefits. In case the policyholder survives the policy tenure the policy will lapse and nothing will be paid.

5. Is a policy loan available with the iSecure More plan?

No policy loan is available with the Bajaj iSecure More plan.

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Bajaj iSecure More

Eligibility Criteria for Bajaj iSecure More

Entry age

Maturity age

Policy term

Sum assured

Policy loan

Payment modes

How Does Bajaj iSecure More Term Plan Work?

Problem

Solution

Benefits of Bajaj iSecure More

Riders You Can Choose With Bajaj iSecure More

Bajaj Accidental Death Benefit Rider

Bajaj Accidental Permanent Total/ Partial Disability Benefit Rider

Bajaj Waiver of Premium Rider

Features of Bajaj iSecure More

Option to Change Premium Payment Frequency

Spouse Coverage

Option to Recieve Death Benefits As Instalments

Grace Period

Exclusions of Bajaj iSecure More

Conclusion

Explore more about Bajaj Term Insurance

Explore other Bajaj Term Insurance

Bajaj Superwoman Term Plan (Pros)

Bajaj Superwoman Term Plan (Cons)

Bajaj Superwoman Term Plan (Other Benefits)

Bajaj Superwoman Term Plan (Eligibility Criteria)

Bajaj iSecure More (Pros)

Bajaj iSecure More (Cons)

Bajaj iSecure More (Other Benefits)

Bajaj iSecure More (Eligibility Criteria)

Bajaj Diabetic Term (Pros)

Bajaj Diabetic Term (Cons)

Bajaj Diabetic Term (Other Benefits)

Bajaj Diabetic Term (Eligibility Criteria)

Bajaj Life Smart Protect Goal (Pros)

Bajaj Life Smart Protect Goal (Cons)

Bajaj Life Smart Protect Goal (Other Benefits)

Bajaj Life Smart Protect Goal (Eligibility Criteria)

Bajaj Lifestyle Secure Plan (Pros)

Bajaj Lifestyle Secure Plan (Cons)

Bajaj Lifestyle Secure Plan (Other Benefits)

Bajaj Lifestyle Secure Plan (Eligibility Criteria)

Bajaj iSecure Loan (Pros)

Bajaj iSecure Loan (Cons)

Bajaj iSecure Loan (Other Benefits)

Bajaj iSecure Loan (Eligibility Criteria)

Bajaj Saral Jeevan Bima (Pros)

Bajaj Saral Jeevan Bima (Cons)

Bajaj Saral Jeevan Bima (Other Benefits)

Bajaj Saral Jeevan Bima (Eligibility Criteria)

Bajaj Life Secure (Pros)

Bajaj Life Secure (Cons)

Bajaj Life Secure (Other Benefits)

Bajaj Life Secure (Eligibility Criteria)

Bajaj iSecure plan (Pros)

Bajaj iSecure plan (Cons)

Bajaj iSecure plan (Other Benefits)

Bajaj iSecure plan (Eligibility Criteria)

Bajaj Life e-Touch (Pros)

Bajaj Life e-Touch (Cons)

Bajaj Life e-Touch (Other Benefits)

Bajaj Life e-Touch (Eligibility Criteria)

FAQs: Bajaj iSecure More

1. What is Bajaj iSecure Plan?

2. How to buy the iSecure More Plan?

3. Can I avail of additional riders with the Bajaj iSecure More plan?

4. Does Bajaj iSecure More offers maturity benefits?

5. Is a policy loan available with the iSecure More plan?

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