Bajaj Lifestyle Secure Plan

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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:
Apeksha Parsai

Apeksha Parsai

Term & Health Insurance

Apeksha Parsai has trained young minds about the benefits of health & term insurance throughout her 8+ years career. She designs, develops, and delivers impactful training programs for agents/brokers, and internal teams. Her expertise lies in insurance product knowledge, sales strategies, regulatory compliance, and customer service.

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

Bajaj Lifestyle Secure Plan offers you a range of benefits including:

why-choose
  • Flexible premium payment modes 
  • Terminal illness coverage
  • High sum assured discounts
  • Tax benefits
  • Affordable premiums
  • Death benefit payout options

Eligibility Criteria for Bajaj Lifestyle Secure Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 50 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 60 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 20 years

Maternity Benefit Rider

Sum assured

Base sum assured: Rs 3 lakh to 15 lakh

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under Bajaj Lifestyle Secure Plan

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Bajaj Lifestyle Secure Plan Work?

Let's understand how the Bajaj Lifestyle Secure Plan 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 in case of his unfortunate demise.

Solution

His financial advisor advised him to buy the Bajaj  Lifestyle Secure Plan. He visited PolicyX.com

Let's understand how the Bajaj Smart Protection Goal 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 8,400 30 years 30 years Rs 2,64,000 Rs 50 lakhs

Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 50 lakhs will be paid to their nominee.

Benefits of Bajaj Lifestyle Secure Plan

Here are the benefits associated with the Bajaj Lifestyle Secure Plan

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

Riders Associated with Bajaj Lifestyle Secure Plan

You can add the following riders to your Bajaj  Lifestyle Secure:

Bajaj Accidental Death Benefit Rider

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

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 Lifestyle Secure Plan

Inbuilt Accelerated Terminal Benefit

The plan comes with an Inbuilt Accelerated Terminal Illness risk cover that allows you to avail a life cover amount in case of diagnosis of terminal illness.

No medicals required

There's no medical test required to opt for Bajaj LifeStyle Secure Plan.

Affordable premiums

The plan offers high life cover in exchange for affordable premiums.

Lower premiums for females

Bajaj LifeStyle Secure Plan offers lower premium rates for their female policyholders.

Exclusions of Bajaj Lifestyle Secure 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

Bajaj Lifestyle Secure is a simple term plan that offers financial protection to your loved ones after your demise. This plan offers a range of benefits including- life cover, flexible premium payment options, add on covers, no medicals required etc.

If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.

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 Lifestyle Secure: FAQs

1. What is Bajaj LifeStyle Secure policy?

Bajaj 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 LifeStyle Secure policy?

Bajaj 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 LifeStyle Secure policy?

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

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

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

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