• Bajaj Allianz Term Insurance Life Secure Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    It is a non-linked whole life term plan that gives protection and security to the individual for a lifetime. It is a unique plan because it has no maximum age limit. It provides complete protection till 100 years of age so that the individual does not have to worry about anything throughout his/her life.

    Eligibility Conditions for :

    Minimum Entry Age 25 years
    Maximum Entry Age (Coverage Option 1 and 2) 55 years
    Maximum Entry Age (Coverage Option 3) 50 years

    Policy Terms for Bajaj Allianz Life Secure:

    Policy Term (100 minus age at entry) years
    Premium Paying Term 5, 7, 10 and 15 years

    Premium Payments Offered by the Bajaj Allianz Life Secure

    Minimum Premium Yearly - Rs.36,720 Half-Yearly- Rs.18,727 Quarterly - Rs.9,547 Monthly - Rs.3,305
    Maximum Premium No Limit
    Minimum Sum Assured Rs.20,00,000
    Maximum Sum Assured No Limit
    Premium Payment Modes Yearly, Half-Yearly, Quarterly, Monthly

    Key Features of Bajaj Allianz Life Secure:

    Type of Plan It is a Non-linked whole life term plan .
    Premium Payment Modes The different modes are Yearly, Half-Yearly, Quarterly and Monthly.
    Different Covers It provides different kinds of covers such as term assurance cover, accidental death cover and critical illness cover depending on the person’s choice.
    Coverage Options It offers 3 coverage options namely Death Benefit, Death Benefit plus Accidental Death Benefit and Death Benefit or Accelerated Critical Illness plus Waiver of Premium Benefit.
    Premium Payment Terms It has the option of 4 premium payment terms for 5, 7, 10 or 15 years.
    Premium Rates Some attractive premium rates are available for women.
    Surrender Benefit Surrender benefit is available under this plan.
    Free - Look period A free-look period of 15 days has also been provided in case the policyholder wants to return the policy.
    Revival Upon the lapse of the policy, it can be revived during a 2 year period starting from the date of the first unpaid premium.

    Payment Options for the Premiums offered by Bajaj Allianz Life Secure:

    policyholder can pay the premiums regularly using the following options –

    • Yearly
    • Half – Yearly
    • Quarterly
    • Monthly intervals throughout the term of the policy

    Advantages and Benefits of Bajaj Allianz Life Secure:

    The Bajaj Allianz Life Secure provides the following key benefits:

    Coverage Options:

    As per this plan, three coverage options are available:

    a)Option 1 - Death Benefit

    Under this option, in case of death of the life assured during the policy term, the sum assured will be paid. After that, the policy will be terminated.

    b)Option 2 - Death Benefit plus Accidental Death Benefit

    Under this option, the death benefit is applicable. Apart from that, in case the life assured dies due to an accident and before 65 years of age, sum assured on death along with extra sum assured of maximum 2 crores will be paid. After that, the policy will be terminated.

    c) Option 3 - Death Benefit or Accelerated Critical Illness plus Waiver of Premium Benefit

    Under this option, if the life assured is diagnosed with any critical illness before 65 years of age and within 30 years of the policy, he/she will be paid 50% sum assured on death which subjects to maximum 50 lakhs. Also, all the future premiums will be waived. If the person dies during the policy term, if the critical illness benefit has already been paid, then the remaining sum assured will be paid. The policy will then be terminated. If the critical illness benefit has not been paid, then the total sum assured will be paid. The policy will then be terminated.

    Policy Loan:

    Policy Loan is not available under this life insurance plan.

    Tax Benefit:

    Premium Paid are eligible for tax benefits under 80C of the Income Tax Act, 1961.

    High Sum Assured Rebate (HSAR):

    Based on various factors such as chosen sum assured, age, coverage option and premium paying term, this plan offers premium discounts.

    Coverage Option HSAR
    Coverage Option 1 Above the minimum Sum Assured of Rs. 20,00,000
    Coverage Option 2 Above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of Rs. 2,00,00,000
    Coverage Option 3 Above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of Rs. 1,00,00,000

    High Sum Assured Rebate:

    Premium Paying Term 5 7 10 15
    Less than 45 years of age Rs.152 Rs.115 Rs.90 Rs.71
    45 and above 45 Rs.113 Rs.88 Rs.70 Rs.56

    Surrender Benefit:

    The policyholder has the option to opt for the surrender policy only if:

    • If the premium paying term is less than 10 years, the first two years full premiums have been paid.
    • If the premium paying term is 10 years or more, the first three years full premiums have been paid.

    Free-Look Period:

    A total of 15 days of free period from the date of receipt of policy is provided to the policyholder in case he/she wants to return or cancel the policy.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Bajaj Allianz Term Insurance Life Secure Plan Reviews

  • Page 1 of 17 1 2 3 4 5
    • Bajaj Allianz Life Life Insurance
      "Satisfied"
      0.5 3.5/5 "Pretty good"
      I have a Bajaj Allianz life insurance from more than 10 years and it is a long term policy. There are not much branches of Bajaj. I am happy with the coverage and returns of this insurance policy. I pay my premium once in a year and i am convenient with the payment options. I have taken this policy mainly for tax savings.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2018
    • Bajaj Allianz Life Life Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The main issue with the Life Insurance policy from Bajaj is that I've been receiving n number of fake calls. I never had any issues pertaining to this policy. I pay the premium either via check or online. Overall Their service is not as good as I expected.
      Was this review helpful? 0
      , pune
      Reviewed on May 11, 2018
    • Bajaj Allianz Life Life Insurance
      "GOOD POLICY"
      0.5 5.0/5 "Blown Away!"
      I took this policy mainly because of the good returns, its long tenure process , the payment can be done through easy monthly ecs . The best about the policy is claim rate is high compared to other policy available in the market. There customer service and customer response is good .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 30, 2018
    • Bajaj Allianz Life Life Insurance
      "Life insurance with BAJAJ"
      0.5 4.0/5 "Great!"
      I have taken a life insurance from BAJAJ ALLIANZ and the policy premium is 30000 annually. This is an investment come insurance policy so i will get some interest from mutual funds. We have to pay the premium for 5 years. The customer service and response with the card is fine.
      Was this review helpful? 0
      , thane
      Reviewed on Apr 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have four policy's with Bajaj Allianz Life Insurance service. Tenure period is good with Bajaj Allianz Life Insurance service. The payments options are through online. It was an good experience with Bajaj Allianz Life Insurance service.
      Was this review helpful? 0
      , thane
      Reviewed on Apr 25, 2018
    • Bajaj Allianz Life Life Insurance
      "Worst company to buy insurance from"
      0.5 1.0/5 "Really Bad"
      I had bought Super Saver policy which is Super Loser policy. Instead of giving returns, it actually eats up all your money. Agents mislead you that the policy can be withdrawn at early stage of 3 or 5 years. But actual term is 15 years or so. Absolutely rubbish plan. Customer support is pathetic an unhelpful. No knowledge about the product as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 31, 2018
    • Bajaj Allianz Life Life Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I hold a my life insurance with Bajaj Allianz from last 15 years and it is a long term policy. The tenure of this policy is 10 years. I have to pay a premium for 4-5 years and for remaining years the company will pay. It is an average policy, i am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 29, 2018
    • Bajaj Allianz Life Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with LIC from last 7-8 years and it is a term insurance. The tenure of this life insurance policy is 20 years. I pay my premium on monthly basis through ECS and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the Life insurance policy from the BAJAJ ALLIANZ LIFE INSURANCE Company. I have got this policy around a year ago. The customer support service is good with the BAJAJ ALLIANZ LIFE INSURANCE company. This policy has the tenure of life time and I have paid Rs,12,000 to this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 14, 2018
    • Bajaj Allianz Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the Life insurance policy from the BAJAJ ALLIANZ LIFE INSURANCE Company. I have got this policy around a year ago. The customer support service is good with the BAJAJ ALLIANZ LIFE INSURANCE company. This policy has the tenure of life time and I have paid Rs,12,000 to this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 14, 2018
    • Bajaj Allianz Life Life Insurance
      "better experience"
      0.5 4.0/5 "Great!"
      I had applied and got a life insurance policy from the famous private sector insurance company BAJAJ ALLIANZ LIFE INSURANCE. Most of all benefits are covered under one policy. I feel that there are no benefits to renew my health policy so I withdrawn my health policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • Bajaj Allianz Life Life Insurance
      "Better "
      0.5 3.0/5 "Satisfactory"
      I have taken the life insurance policy with the Bajaj allianz life insurance company. The premium amount is nominal one for me and the coverage value is reasonable one for me with them. Every aspects are better one with the Bajaj allianz life insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • Bajaj Allianz Life Life Insurance
      "Very Good Investment"
      0.5 4.0/5 "Great!"
      This is absolutely a delight to have this Insurance. I took it last November. Their return is around 9.5%. I have been paying Rs.50000 as an annual premium for it. I just need to pay for 6 years and after that it has a 6 years locking period after which I can take out a good return out of it.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 02, 2018
    • Bajaj Allianz Life Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Bajaj Life insurance service is good. I have taken one policy with Bajaj for the period of 15 years. The payments are generally through online and the new schemes and offers they provide is good,it is totally a good experience with Bajaj Life insurance service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 02, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy to use"
      0.5 3.5/5 "Pretty good"
      I have a life insurance policy with Bajaj Allianz from last 5 years and it is a short term policy. This policy has a tenure period of 2 years and my premium amount gets auto deducted from the salary account. I am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 27, 2018
    • Bajaj Allianz Life Life Insurance
      "Okay"
      0.5 2.5/5 "Just OK"
      I am having the life insurance policy with the Bajaj allianz life insurance company. I would like to say that the customer service is good one and the coverage value too. Every aspects are not yet experienced with the Bajaj allianz life insurance company.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 26, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy"
      0.5 4.5/5 "Excellent!"
      Recently I took a life insurance with Bajaj Allianz. It was taken through an agent. The representative was very kind and helpful. It is good and secured policy. I paid 25K yearly for this insurance. I made the payment through cheque. The total tenure period is 7 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 08, 2018
    • Bajaj Allianz Life Life Insurance
      "Good Products"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv issued insurance for the loan products, its a life insurance cum accidental cover from Bajaj Allianz company. They have taken one time premium around Rs. 3100 for the tenure of six years. They are providing critical illness, accidental care as well. I got the policy copy on time, I am satisfied about it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 06, 2018
    • Bajaj Allianz Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with Bajaj Insurance from last 5 years and it is one of the good insurance policy to use. The tenure of this life insurance policy is 15 years and it is long term policy. I pay my premium on monthly basis and the payment options are convenient for me. The coverage and benefits are also good in this policy.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 01, 2018
    • Bajaj Allianz Life Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Bajaj allianz general insurance company. Services are good one with them , response and other aspects are better one for me with them. I would like to say that the coverage value is around 10 lakh Rupees.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 24, 2018
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