"Spending a whole day looking for insurance is fun," said nobody, EVER!

Bajaj Allianz Term Insurance

 4.0 / 5.0   by 349 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 18 1 2 3 4 5
  • Bajaj Allianz Life Life Insurance
    "Can do Better"
    0.5 4.0/5 "Great!"
    The coverage value is fine in Bajaj Allianz and benefits are good. I didn't interact much with the agent but at the time of purchasing the policy they have coordinated very well. The policy coverage is minimum, the tax benefits and financial security for unforeseen events is there.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 18, 2019
  • Bajaj Allianz Life Life Insurance
    "AVERAGE"
    0.5 3.0/5 "Satisfactory"
    The documentation process for the BAJAJ ALLIANZ LIFE INSURANCE is very good and the customer service is good. The maturity period of this policy is for 20 years and i am using it from past 10 years. The premium i have paid once with this policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 22, 2018
  • Bajaj Allianz Life Life Insurance
    "Assured benefits from Bajaj"
    0.5 5.0/5 "Blown Away!"
    My policy name called Investment assured I took from Bajaj Allianz life insurance, I used to pay the premium around Rs. 80,000 per annum for 7 years of tenure they give benefits after 10 years. Payment tenure is less but they give benefits for 17 years. They gave me the bond about my life insurance policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 21, 2018
  • Bajaj Allianz Life Life Insurance
    "Safe plan for future"
    0.5 5.0/5 "Blown Away!"
    I have life insurance with Bajaj Allianz, I used to pay Rs. 12,000 for one year policy, it has the tenure of 40 years, Its a totally term plan for the value of 1 crore, they give lump sump amount to the nominees, the claim ratio is good and also terminal waiver on premium.
    Was this review helpful? 1
    , pune
    Reviewed on Dec 14, 2018
  • Bajaj Allianz Life Life Insurance
    "Not recommendable company"
    0.5 3.0/5 "Satisfactory"
    I have got a poor customer care service in Bajaj. I won't get any proper reply from them. They were helpful till i taken the policy from them. I have purchased the policy 2 years before. One of my relative has recommended me about the term insurance policy. I'm not sure about the claim ratio of this company.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • Bajaj Allianz Life Life Insurance
    "Earlier it was good policy"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance policy with Bajaj Allianz. The plan name was child care policy. I pay the premium amount through ECS. I took this policy 13 years ago. I can able to get the benefits after 18 years. I pay the premium amount of Rs. 6700 yearly. I took this policy for child's benefits.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 02, 2018
  • Bajaj Allianz Life Life Insurance
    "Good Investment for future"
    0.5 5.0/5 "Blown Away!"
    Every month I am paying Rs. 10,000 as premium to Bajaj Allianz life insurance policy for the tenure of 10 years, I get multiple benefits. They do have accidental death and natural death benefits. The multiple nominees are allocated on this policy, the customer service and documentation has done on time. Total matured period is 15 years then I get Rs. 20 lakhs.
    Was this review helpful? 0
    , navi mumbai
    Reviewed on Dec 01, 2018
  • Bajaj Allianz Life Life Insurance
    "Very slow & poor response from customer executive"
    0.5 0.5/5 "Unacceptable"
    I bought health insurance policy from Bajaj allianz and noticed spieling mistake in name I requested for the same. I got mail that within 5 days the complaint will be solved but after 7 days I didn't got any response I again send reminder against the given reference number finally I surrender the policy
    Was this review helpful? 1
    , nasik
    Reviewed on Nov 19, 2018
  • Bajaj Allianz Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased my life insurance policy with BAJAJ ALLIANZ LIFE INSURANCE and i am using it from last few years. The maturity period is for long term policy which gives the coverage for self. The premium i pay for yearly once for this insurance policy.
    Was this review helpful? 1
    , kakinada
    Reviewed on Nov 03, 2018
  • Bajaj Allianz Life Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    My life insurance is with Bajaj from last 2 years and it is a long term policy. I pay my premium once in 6 months through online and i am convenient with the payment options. Returns and benefits are good in this policy and the tenure period is 16 years.
    Was this review helpful? 0
    , mumbai
    Reviewed on Nov 01, 2018
  • Bajaj Allianz Life Life Insurance
    "Not paying back maturity amount"
    0.5 0.5/5 "Unacceptable"
    My policy (0002439625) has matured on July 2018, now three months over Bajaj Allianz has not paid my maturity amount back. Each time I contact them getting silly reason to avoid to pay back my maturity amount. The first reason was they despatch a cheque aready. After one moth they changed ask me my bank account details, I have submitted 5 times but the same is not updated their system. Now they are telling the clarity of the document is not clear. Any of the above cases Bajaj Allianz has not contacted me to inform this. Each time I have called them and ask about my maturity amount.
    Was this review helpful? 2
    , bangalore
    Reviewed on Sep 17, 2018
  • Bajaj Allianz Life Life Insurance
    "First time user"
    0.5 3.0/5 "Satisfactory"
    I've a life insurance policy with the Bajaj Allianz.I am paying premium 26000 yearly, tenure of the policy, It offers a guaranteed money back after 5 years. The tenure of the policy is 20 years and after 15 years I will be eligible for a premium waiver..
    Was this review helpful? 2
    , guwahati
    Reviewed on Aug 31, 2018
  • Bajaj Allianz Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    About this life insurance i can say that, the executives has assisted me well, the explained me about the policy clearly, they also given me the many benefits in this policy, about the premium, also they assisted me which was easy to understand and it helped to move on with the further process of the documentation.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Aug 22, 2018
  • Bajaj Allianz Life Life Insurance
    "Secure Child's Future"
    0.5 5.0/5 "Blown Away!"
    I have child plan policy with Bajaj allianz. I took this policy to secure the future and education of my child. It is one of the best long term investment option I have made for my childs future. Premium is low and the claim settlement ratio is high. As per my experience, I would recommend this policy to others. Link to get more Info: https://www.bajajallianzlife.com/
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 24, 2018
  • Bajaj Allianz Life Life Insurance
    "Invest for Child's Future"
    0.5 5.0/5 "Blown Away!"
    Finally, after doing an extensive reserach, I bought a child plan from Bajaj Allianz life at very low premium. The coverage of policy is good and as per my research it also has a high claim settlement ratio. It really is a fanatastic future investment for my child for her education and other heavy expenses. Link to get more Info: https://www.bajajallianzlife.com/
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jul 22, 2018
  • Bajaj Allianz Life Life Insurance
    "High Claim Settlement Ratio"
    0.5 5.0/5 "Blown Away!"
    I have taken a term life insurance from Bajaj Allianz life insurance. It is a great policy which has got a very high claim settlement ratio. It is the best investment option I have opted for and also the premium that bajaj offers is great compared to other private sectors. They even offer wide range of insurance policies based on the customer requirements. Link to get more Info: https://www.bajajallianzlife.com/
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2018
  • Bajaj Allianz Life Life Insurance
    "High Returns"
    0.5 5.0/5 "Blown Away!"
    I have a very less idea of Insurance sector, on my friends recommendation I ended up buying the ULIP Plan from Bajaj Allianz (https://www.bajajallianzlife.com/ulip/ulip.jsp.) The policy is great and personally I think it is one of the best investment plan with high returns. Service is fast and on time which is well facilitated from the customer services team.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 18, 2018
  • Bajaj Allianz Life Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have a life insurance policy with Bajaj Allianz from last 5 months and it is a short term policy. I am happy with the returns and benefits of this policy. I pay my premium once in a year through net banking and i am convenient with the payment options. The maturity period for this policy is 10 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 17, 2018
  • Bajaj Allianz Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I am having the life insurance policy with the Bajaj allianz of India and am with them from the last ten yeasr of time.Services are good one with the Bajaj allianz life insurance company. Response is better one with the Bajaj allianz life insurance company.
    Was this review helpful? 0
    , jaipur
    Reviewed on Jul 03, 2018
  • Bajaj Allianz Life Life Insurance
    "Good Accidental death benefit policy"
    0.5 4.0/5 "Great!"
    So far i have never contact the Bajaj Allianz customer care service. Actually this is the accidental coverage policy. It is accidental plus 5-6 add on coverage is also available. I used to pay the premium of Rs. 6000 every year. I have to pay the premium till my death. I have taken this policy this year alone. The sum assured amount of this policy Rs. 50 lakhs.
    Was this review helpful? 0
    , dhule
    Reviewed on Jun 28, 2018
Common Loader Icon
Page 1 of 18 1 2 3 4 5

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.