Bajaj Allianz iSecure Plan
- 105% Death Benefit
- Rider Benefit
- 50 lakhs Max Sum Assured
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Bajaj Allianz 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 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 Allianz iSecure Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 85 years
Minimum term - 10 years Maximum term - 85 minus Entry Age
Base sum assured: Rs 25 lakhs to 1 crore
The policy loan is not available under Bajaj Allianz i-Secure Term Plan
Annual, half-yearly, quarterly & monthly
Let's understand how the Bajaj Allianz iSecure Plan works with a simple premium illustration.
Mr. Verma is looking for a term plan that provides financial coverage to his family in case of his demise at affordable premiums and also let him add his wife in the same plan.
His financial advisor advised him to buy the Bajaj Allianz iSecure Term Plan. He visited PolicyX.com
Let's understand how the Bajaj Allianz iSecure Term 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 3,723 | 20 years | 20 years | Rs 74,460 | Rs 25 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 25 lakhs will be paid to their nominee.
Here are the benefits associated with the Bajaj Allianz iSecure Plan
You can add the following riders to your Bajaj Allianz iSecure Term Plan:
In case of the policyholder’s demise due to the accident benefits are paid to their nominee.
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.
Under the accidental disability rider,benefits are offered in case of the policyholder’s disability or demise due to the accident.
Here is the exclusion associated with the plan:
Bajaj Allianz iSecure Term Plan is a pure term plan that offers life insurance cover at nominal costs and enables the nominee of the policyholder to receive a death benefit in installments. It is a simple plan with 2 premium payment options, high sum assured discounts, life cover for the spouse, discounts for maintaining healthy lifestyle, and tax benefits.
If you want to know more about the plan or any of the Bajaj Allianz term plans, you can contact policyX.com via calling on the number 1800 420 0269. Our insurance experts will listen to your unique requirements and suggest the best Bajaj Allianz term insurance plan for you.
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Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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