Bajaj Allianz Life Secure Plan
- 3 Plan Options
- Critical Illness Benefit
- Waiver Of Premium
Bajaj Allianz Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-participating individual, life, limited premium payment whole life-saving plan. Life Secure Plan offers flexible premium payment terms with a plan customization option. This is a whole life plan that offers term cover with 3 plan options comprehensively covering accidental death, and critical illness depending on the policyholder's choice. There are three plan options: Death Benefit, Death Benefit + Accidental Death Benefit, Death Benefit + Accidental Death Benefit + Waiver Of Premium Benefit.
Bajaj Allianz Life Secure Plan offers you a range of benefits including:
Minimum Age - 25 years Maximum Age - 55 years
Maximum Maturity Age - Whole life
100 minus Entry Age
Base sum assured: No limit
The policy loan is not available under Bajaj Allianz Life Secure Plan.
Annual, half-yearly, quarterly & monthly
Let's understand how the Bajaj Allianz Life Secure Policy works with a simple premium illustration.
Mr. Verma is looking for a simple and affordable term plan that offers him whole life coverage so that his family is protected even after his demise.
His financial advisor advised him to buy the Bajaj Allianz Life Secure Plan. He visited PolicyX.com
Let's understand how the Bajaj Allianz Life Secure Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 35 years | Rs 84,940 | 15 years | 15 years | Rs 2,49,630 | Rs 30 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 30 lakhs will be paid to their nominee.
Here are the benefits associated with the Bajaj Allianz Life Secure Plan
Here is the list of exclusions associated with the plan:
Bajaj Allianz Life Secure Term Plan can be a good choice as it comes in 3 plan variants, provides insurance cover for a hundred years, multiple death benefits high sum assured rebates, and much more. The term plan is comprehensive and even covers 11 critical illnesses. It comes with a Waiver of Premium Benefit as well if the policyholder is detected with Permanent Total Disability. Life Secure term plan doesn't leave any stone unturned when it comes to leaving a financial corpus for your family.
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.
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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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