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Overview
Bajaj Life Secure is an advanced term insurance plan that offers protection until your 100th birthday. This plan is a non-linked, non-participating individual, life, limited premium payment whole life savings plan. Bajaj Life Secure Plan offers flexible premium payment terms with a plan customization option. This whole life plan provides term cover with three plan options, comprehensively covering accidental death and critical illness, depending on the policyholder's choice.
The three plan options are:
- Death Benefit
- Death Benefit + Accidental Death Benefit
- Death Benefit + Accidental Death Benefit + Waiver Of Premium Benefit
Key Benefits of Bajaj Life Secure Plan
- Life cover up to the age of 100 years
- Tax benefits
- High Sum Assured Rebate
- Additional riders to choose from
- Death Benefit
- Attractive premium rates for female lives
Life Cover Up to the Age of 100 Years
Bajaj Life Secure Plan offers life coverage up to 100 years of age.
Attractive Premium Rates for Female Lives
Bajaj Life Secure offers attractive premium prices for female policyholders to promote insurance awareness among females.
Choose Your Premium Payment Term
Bajaj Life Secure Plan allows you to select from four Premium Payment Terms: 5, 7, 10, or 15 years.
Many Customization Options
This dynamic plan offers many customization options, such as choosing the sum assured and premium payment terms that suit the policyholder's needs.
Comprehensive Coverage with Waiver of Premium Benefit
The plan provides comprehensive coverage and includes a Waiver of Premium benefit, ensuring your policy continues even if you are unable to pay premiums due to certain events.
High Sum Assured Rebate
Bajaj Life Secure offers a discount when choosing a high sum assured.
Tax Benefits
Bajaj Life Secure 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.
Exclusions
- 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.
