• Bajaj Allianz Term Insurance

     4.0 / 5.0   by 328 users
    Used this product? Write a review >>

    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Term insurance plans are often the simplest, cheapest and purest form of insurance which are sought-after by millions of Indians.Bajaj Allianz 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 Bajaj Allianz Term Life Insurance Plans available

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

    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 Bajaj Allianz Term Insurance Plans are listed below:

    • Customers can increase their insurance cover 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

    Bajaj Allianz Term Insurance Reviews

  • Page 1 of 17 1 2 3 4 5
    • Bajaj Allianz Life Life Insurance
      "Best product offerings"
      0.5 4.0/5 "Great!"
      I have three policies from Bajaj Allianz life. The premium gets auto debited from the account(Check details here : https://www.bajajallianzlife.com). I don't have to worry about the due date and this makes life so much easier. The agents are very friendly and in case of any discomfort, they have always helped me understand and sort things out. I recommend Bajaj Allianz to everyone over any other company in the market
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • Bajaj Allianz Life Life Insurance
      "Excellent Policy"
      0.5 5.0/5 "Blown Away!"
      Got a Bajaj Allianz Life insurance policy around 4 years ago. The policy tenure 18 years with a premium amount of Rs. 12,000 in a year. The customer support is very responsive, and I loved their support every time. The plan benefit is excellent and most of the services can be availed online(https://www.bajajallianzlife.com).
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • 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
    Common Loader Icon
    Page 1 of 17 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.