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Lifestyle Secure Plan vs Smart Term Plan Plus

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Know More About Plans

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
PLAN DETAILS

Lifestyle Secure Plan


Smart Term Plan Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term
  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover
Plan Maturity age Maximum Maturity Age - 60 years Maximum maturity age- 100 years
Plan Sum Assured Base sum assured: Rs 3 lakh to 15 lakh Base sum assured- Rs 25 lakhs to No limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 50 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Yearly, half-yearly, quarterly, and monthly
Plan Policy loan The policy loan is not available under Bajaj Lifestyle Secure Plan Policy loan is not available
Plan Sample Premium Rs 728/- per month Rs 586/- per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 20 years Minimum policy term- 5 years, Maximum policy term- 82 years
Claim Settlement Ratio (2024-25) 99.29% 99.65

* 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 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.

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