Bajaj Allianz Lifestyle Secure Plan
- Level Cover Term
- Terminal Illness Cover
- Flexible-Premium Payment Term
A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.
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.
Updated on Apr 08, 2025 3 min read
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 Allianz Lifestyle Secure from Bajaj Allianz Life Insurance company, which aims to offer life protection with cover for terminal illnesses.
Bajaj Allianz Lifestyle Secure Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 50 years
Maximum Maturity Age - 60 years
Minimum term - 5 years Maximum term - 20 years
Base sum assured: Rs 3 lakh to 15 lakh
The policy loan is not available under Bajaj Lifestyle Secure Plan
Annual, half-yearly, quarterly & monthly
Let's understand how the Bajaj Allianz Lifestyle Secure Plan works with a simple premium illustration.
Mr. Verma is looking for a term plan that provides financial safety to his family in case of his unfortunate demise.
His financial advisor advised him to buy the Bajaj Allianz Lifestyle Secure Plan. He visited PolicyX.com
Let's understand how the Bajaj Allianz 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.
Here are the benefits associated with the Bajaj Allianz Lifestyle Secure Plan
The plan offers a special premium discount for each Rs. 1000 after exceeding Rs. 3,00,000 sum assured.
Throughout the policy term, you can change your premium payment mode based on your budget and convenience.
The plan offers you the flexibility to change a death benefits or terminal illness cover payout option as per your requirement- monthly or lumpsum.
Bajaj Allianz Term Insurance Plans
You can add the following riders to your Bajaj Allianz Lifestyle Secure:
In case of the policyholder’s demise due to the accident benefits are paid to their nominee.
Under the accidental disability rider,Benefits are offered in case of the policyholder’s disability or demise due to the accident.
Here is the list of exclusions associated with the plan:
Bajaj Allianz 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.
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