Isecure Plan vs Pos Saral Jeevan Bima Yojana Term Insurance Plan 2026 | PolicyX

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Bajaj iSecure plan is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers rewards for maintaining a healthy lifestyle and special premium rates for non-smokers and women. The policyholder gets the flexibility to select their policy terms, and premium payment frequency and can even add a spouse later during the policy term. To meet the financial changes in life the plan offers an option of opting for payment of benefits in installments and adding a rider for extra coverage.

Bajaj iSecure Plan offers you a range of benefits including:

  • Death Benefits
  • Surrender Benefits
  • Rider Benefits
  • Discounts
  • High-sum assured discounts
  • Joint life cover

 

PLAN DETAILS

Isecure Plan

Pos Saral Jeevan Bima Yojana

Premium Including GST
Key Features
(Key features of the plan)
  • 105% Death Benefit
  • Rider Benefit
  • 50 lakhs Max Sum Assured
  • Double Sum Assured
  • No medical examination
  • Quick policy issuance
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 65 years
Plan Sum Assured Base sum assured: Rs 25 lakhs to no limit Basic Sum Assured: ₹50 Thousands to no limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 60 years Minimum Age - 18 years Maximum Age - 55 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Annual, Semi-Annual, Quarterly, and Monthly
Plan Policy loan The policy loan is not available under Bajaj i-Secure Term Plan The policy loan is not available under POS Saral Jeevan Bima Yojana Plan.
Plan Sample Premium Rs 665-/ per month Rs 530-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 10 years Maximum term - 30 years Minimum term - 10 years Maximum term - 25 years
Claim Settlement Ratio (2024-25) 99.33% 99.18%
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Riders

Riders Associated with Bajaj iSecure Term Plan

You can add the following riders to your Bajaj iSecure 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.

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