Bajaj Allianz Term Insurance

Term insurance plans are often the simplest, cheapest and purest form of insurance which are sought-after by millions of Indians. offers five term insurance plans which are wide-ranging in terms of the sum assured and premium rates and protection from loan liabilities. Online term insurance covers by Bajaj Allianz are iSecure, iSecure more and iSecure loan.

Types of Bajaj Allianz Term Life Insurance Plans:

The following are the five types of available

  1. Bajaj Allianz i-Secure More
  2. Bajaj Allianz Life eTouch Online Term Insurance Plan

Bajaj Allianz Life eTouch Online Term Insurance Plan

Bajaj Allianz Life eTouch Online Term is a regular premium payment, pure term and health cover plan

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 65 years

Policy Term

Minimum: 10 years

Maximum: 40 years

Sum Assured

Minimum: 50 Lakhs

Maximum:

Life Benefit: No limit

ACI Benefit: Rs.75 lakhs

ADB and ATPB: Rs.2 crores

Premium

Minimum:Rs.5000 per annum

Maximum:No limit

Premium Payment Mode

Annually, bi-annually, quarterly and monthly. Bi-annual, quarterly, and monthly modes are only available under auto-debit process that is allowed by RBI for financial institutions

Death Benefit

In case of death of the insured, the nominees will have three payout options to choose from:

  • 100% lump sum payment
  • 50% lump sum payment and the rest in level or increasing monthly installments
  • 100% payment in level or increasing monthly installments

Bajaj Allianz iSecure More

Bajaj Allianz iSecure More is a non-participating increasing cover term assurance plan.

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 60 years

Policy Term

Minimum: 10 years

Maximum: 25 years

Sum Assured

Minimum: Rs.2.5 lakh

Maximum: No limit

Premium

Minimum: Rs.1500

Maximum: No limit

Premium Payment Mode

Yearly, half-yearly, monthly, quarterly

Death Benefit

Instalments for a period of 5 or 10 years. (1.04*Sum Assured)/60 or (1.08*death benefit)/120

Bajaj I Secure Loan

Bajaj I Secure Loan is a non-participating mortgage cover term assurance plan.

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 60 years

Policy Term

Minimum: 10 years

Maximum: 25 years

Sum Assured

Minimum: Rs.3 lakh

Maximum: No limit

Premium

Minimum: Rs.1500

Maximum: No limit

Premium Payment Mode

Yearly, half-yearly, monthly, quarterly

Bajaj Life Secure

Bajaj Life Secure is a non-linked whole life term plan.

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 60 years

Policy Term

Entry age: 100 years

Sum Assured

Minimum: Rs.20 lakh

Maximum: No limit

Premium

Minimum: Rs.36,720 p.a

Maximum: No limit

Premium Payment Mode

Yearly, half-yearly, monthly or quarterly

Bajaj Lifestyle Secure

Bajaj Lifestyle Secure is a non-linked term assurance plan.

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 50 years

Policy Term

Minimum: 5 years

Maximum: 20 years

Sum Assured

Minimum: Rs.3 lakhs

Maximum: Rs.15 lakhs

Premium

Minimum: Rs.1466

Maximum: Rs.20, 458

Premium Payment Mode

Half-yearly, Yearly, quarterly or monthly

Death Benefit

Sum Assured paid in EMIs for a period equal to tenure of the plan

Features & Benefits of Bajaj Allianz Term Insurance Plans:

The salient features of are listed below:

  • Customers can increase their which depends on the policy term.
  • Customers can avail of both joint and single life cover
  • High sum assured rebate
  • Customers may choose policy terms ranging from 10 years to 30 years
  • Tax benefits under section 80C and 10(10D)
  • Customers can choose to take death benefit in monthly instalments
  • Protection from loan liabilities
  • Life cover up to 100 years (life secure)
  • Offers Accelerated Terminal Illness (TI) risk cover (lifestyle)
  • Offers attractive rates of premium for women (life secure)

Example of Bajaj Allianz Term Insurance Plan:

Ravi Sharma, a 30-year-old non-smoker opts for an I Secure plan for a policy term of 30 years. He insures himself for Rs.2 crores for which he pays an annual premium of Rs.23,327* after a high sum assured rebate of Rs.12,561. In the event of Ravi’s unfortunate death at the 12th policy year, his nominee will receive Rs.2 crores.

*Does not include Edu Cess and Service Tax

Bajaj Allianz Term Plans FAQs:

  1. Q. Are smokers and non-smokers charged differently under the iSecure term plan?

    A. Yes. There are separate premium rates for smokers, non-smokers and preferred non-smokers for a sum assured of Rs.20 lakh and above.

  2. Q. Can premium payment frequency be changed under the iSecure term plan?

    A. Yes. the premium payment frequency can be changed at the time of any policy anniversary during the policy term

  3. Q. What are the tax benefits available under the Bajaj Allianz Isecure more plan?

    A. Premium and death benefit are eligible for tax benefits under Section 80C and Section 10(10D) as per the Bajaj Allianz Isecure more plan.

  4. Q. Can customers avail of loan against the Bajaj Allianz Isecure more plan?

    A. No. Loan facility is not available as per this plan.

  5. Q. What are the three coverage options available under life secure?

    A. Death Benefit plus Accidental Death Benefit, Death Benefit and Accelerated Critical Illness plus Waiver of Premium Benefit.

  6. Q. What is the life cover provided under under life secure plan?

    A. Life cover is provided up to 100 years.

  7. Q. Are any medical tests required for Lifestyle Secure plan?

    A. No tests are required for Lifestyle Secure plan.

  8. Q. What is the death benefit payable under Lifestyle Secure plan?

    A. If the life assured dies or contracts a terminal illness (whichever is earlier) his or her nominee will get the Sum Assured in EMIs.

  9. Q. What is the minimum sum assured under the ISecure term plan?

    A. The minimum sum assured is Rs.2.5 lakh under the ISecure term plan

  10. Q. What are the premium terms available under Life Secure?

    A. Customers can choose from four payment terms - 5, 7, 10 or 15 years.

Other Products from Bajaj Financial Services

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

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Plan Benefits

Payment Options

Policy Coverage

Customer Service

Read Bajaj Allianz Life Insurance news or Enjoy it on the go Google Play

  • CEO of Bajaj Allianz Life Bets on Digital and ULIPs for Financial year 2020

    Ever since Tarun Chugh joined Bajaj Allianz Life as its CEO, his focus has been concentrated towards a one-point differentiation for the company – that is focusing on the living benefits or being able to reap the benefits during one’s lifetime. While this limechanism goes against what life insurance truly stands for (providing death benefit after death to the beneficiary of the policy), Chugh argues that given India’s young population, insurance companies and providers should be assisting investors and policyholders create more wealth during their lifetime through savings and investment instruments. With the driving focus on making more people aware about being insured, Bajaj Allianz will henceforth be focusing more on digitisation and distribution by means of online channels.

    21 May 2019

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Bajaj Allianz Term Insurance Reviews

Page 1 of 21 1 2 3 4 5
  • Bajaj Allianz Life Life Insurance
    "Fine Policy"
    0.5 5.0/5 "Blown Away!"
    One of my asked me to join in a Bajaj allianz life insurance policy. This is also money back policy. I pay the premium amount of Rs. 5000 and i have chosen the quarterly payment mode. I bought the policy 8 years back. Once the amount got credited to my account.
    Was this review helpful? 0
    , dindigul
    Reviewed on Oct 14, 2019
  • Bajaj Allianz Life
    Bajaj Allianz Life Life Insurance
    "Very Good Policy"
    0.5 3.0/5 "Satisfactory"
    Benefits are good in Bajaj Allianz hence i have selected the life insurance policy from them. I have been paying the premium amount of Rs. 3500 per year. Sum assured amount is Rs. 3 lakhs and the policy term is 5 years. I make the premium through online.
    Was this review helpful? 0
    , thane
    Reviewed on Oct 09, 2019
  • Bajaj Allianz Life Life Insurance
    "Best Policy"
    0.5 4.0/5 "Great!"
    My endowment plan was taken from Bajaj Allianz. Its because of the higher returns i have chosen them. I am paying the premium amount of Rs. 25000 on a yearly. I have to pay the premium for 8 years and there is a lock in period of another 8 years because the policy term is 16 years.
    Was this review helpful? 0
    , nalbari
    Reviewed on Oct 06, 2019
  • Bajaj Allianz Life Life Insurance
    "Completely satisfied "
    0.5 5.0/5 "Blown Away!"
    I am completely satisfied with Bajaj Allianz Life insurance. the premium amount which is making the payment yearly. good benefits and Bajaj Allianz is moreover completely digitized makes life easy. An best insurer to my knowledge and experience
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 19, 2019
  • Bajaj Allianz Life Life Insurance
    "wonderful"
    0.5 5.0/5 "Blown Away!"
    I have a policy with Bajaj Allianz Life Insurance, my experience on the claim was smooth and no cross-questions were asked by the executives. Overall in terms of service, it was wonderful. plans met all my requirement. I would definitely recommend the same
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 18, 2019
  • Bajaj Allianz Life Life Insurance
    "Best insurance"
    0.5 5.0/5 "Blown Away!"
    I have bought online Term Insurance - Bajaj Allianz Life eTouch Online Term form Bajaj Allianz Life Insurance. It is a shield against financial distress caused due to critical illness, accidental disability and death which ensures that one's family realizes dreams even in the absence of yours.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 17, 2019
  • Bajaj Allianz Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken a life policy from Bajaj Allianz because the services are good. They have charged me 6K per month and need to pay for 10 years. I got the insurance paper. I never interacted with the customer care. The benefits are good. After maturity, I will receive near about 6.15L. The payment mode is online.
    Was this review helpful? 0
    , faridabad
    Reviewed on Sep 17, 2019
  • Bajaj Allianz Life Life Insurance
    "Excellent Policy"
    0.5 4.0/5 "Great!"
    Purchased the life insurance policy from Bajaj Finserv when i got the Bajaj card, they have given the policy 4 months ago. I have been paying the premium amount of Rs. 1300 and the sum assured amount is Rs. 20 lakhs and i make the premium through online.
    Was this review helpful? 1
    , thane
    Reviewed on Sep 08, 2019
  • Bajaj Allianz Life Life Insurance
    "Good service"
    0.5 5.0/5 "Blown Away!"
    Bajaj Allianz has charged me 10K for a term plan which I got along with my personal loan. If any certain demises and my family will be getting 10L. The online payment is easy and the insurance paper has been sent through online. Its 14months and the policy validity is 2 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 03, 2019
  • Bajaj Allianz Life Life Insurance
    "Better Service"
    0.5 5.0/5 "Blown Away!"
    Without any particular reason i have chosen the money back policy from Bajaj Allianz. I'm paying the premium amount of Rs. 20000 every year and I'm not sure about the sum assured amount. I took the policy 3 years before. I make the premium through online.
    Was this review helpful? 0
    , kolkata
    Reviewed on Sep 01, 2019
  • Bajaj Allianz Life Life Insurance
    "Not satisfied"
    0.5 4.0/5 "Great!"
    Policy wise they are okay in Bajaj Allianz. Chosen the plan of Money back. I just got the promotional call and i took the policy. I have made the premium amount of Rs. 11000 for every six months once. I got the money back to my account in every 5 years.
    Was this review helpful? 0
    , chennai
    Reviewed on Aug 27, 2019
  • Bajaj Allianz Life Life Insurance
    "Best life insurance "
    0.5 5.0/5 "Blown Away!"
    I personally hold a life insurance plan for my kid with Bajaj Allianz Life. The multiple premium payment and policy term options made life easy along side bonuses to ensure a good return. one will be satisfied with the plan as i am satisfied. Thank you Bajaj
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 21, 2019
  • Bajaj Allianz Life Life Insurance
    "Good Policy"
    0.5 4.5/5 "Excellent!"
    I have my life insurance policy from Bajaj Allianz. I have been paying the premium for last 5 years. I pay the premium amount of Rs. 4500 annually. When i taken the personal loan, they have given me a insurance policy on the favor of their request.
    Was this review helpful? 0
    , thoubal
    Reviewed on Aug 09, 2019
  • Bajaj Allianz Life Life Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I have taken a ULIP PLAN from Bajaj Allianz and it was referred by one of my relative. I am paying monthly premium of Rs.3000 through online as well have enabled auto debit option. The benefits are average. I need to pay the premium till MAY 2021 and it was taken in the year of 2016.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 01, 2019
  • Bajaj Allianz Life Life Insurance
    "Good Claim Experience"
    0.5 5.0/5 "Blown Away!"
    I had claim with Bajaj Allianz when I met with accident, I was hospitalized for 10 days, I got 100% cash less hospitalization. They gave me additional benefits like ambulance facility, yearly free health check up. They gave me 10 lakhs of cover and they got tied up with many hospitals including no claim bonus , critical illness cover.
    Was this review helpful? 1
    , jaipur
    Reviewed on Jul 27, 2019
  • Bajaj Allianz Life Life Insurance
    "Need to improve their service"
    0.5 1.0/5 "Really Bad"
    I was taken a life insurance in Bajaj allianz on 14 years before. I was paying premium in the yearly package on one time payment for the amount of 21 thousands. While getting a policy my agent has not given an information about the policy details. There is no much benefits in this insurance to get. Once I closed the policy they have not provide the amount.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 26, 2019
  • Bajaj Allianz Life Life Insurance
    "Need to imrpove their servcie & need to be more transperency"
    0.5 1.0/5 "Really Bad"
    I have taken a life insurance in BAJAJ . The policy is for 20 years at an initial I paid for 58 thousands but when getting for payout for less amount. I am paying premium in the quarterly package. While getting a policy my agent has not given an information about the policy details.
    Was this review helpful? 1
    , pune
    Reviewed on Jul 26, 2019
  • Bajaj Allianz Life Life Insurance
    "Amazing Service"
    0.5 5.0/5 "Blown Away!"
    I got the Bajaj Allianz iSecure term plans from the Bajaj Allianz Life insurance. It provides attractive rebates in premium and also has the flexibility to include your spouse in the same policy. Services too are effective from Bajaj Allianz Life insurance. Interested folks can look at this plan: https://www.bajajallianzlife.com/term-insurance-plans/isecure-insurance-plan.html
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 23, 2019
  • Bajaj Allianz Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I took a money back policy with Bajaj Allianz and the policy period is 16 years. It was recommended by one of my colleague. I have received the insurance copy and the payment mode is easy. It was taken for future savings because I am blessed with 2 daughters.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • Bajaj Allianz Life Life Insurance
    "Policy not up to the mark"
    0.5 1.0/5 "Really Bad"
    I was fooled in Bajaj Allianz who is working as a agent. They said they will provide some gift if we taken the policy with them. The sum assured amount was less and I'm not satisfied with the policy. The first premium was Rs. 3000 after that i stopped the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 13, 2019
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