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.
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
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:
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.
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
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.
Q. Can customers avail of loan against the Bajaj Allianz Isecure more plan?
A. No. Loan facility is not available as per this plan.
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.
Q. What is the life cover provided under under life secure plan?
A. Life cover is provided up to 100 years.
Q. Are any medical tests required for Lifestyle Secure plan?
A. No tests are required for Lifestyle Secure plan.
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.
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
Q. What are the premium terms available under Life Secure?
A. Customers can choose from four payment terms - 5, 7, 10 or 15 years.
Read Bajaj Allianz Life Insurance news or Enjoy it on the go
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.
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I have selected the investment policy in Bajaj Allianz. My father has recommended me about this policy. My father has invested the money of Rs. 13 lakhs in the year of 2011 but i have received the good returns with the amount of Rs. 45 lakhs in the year of 2017. This is ULIP policy which the amount has been invested in mutual fund and the staff support also very good. They have helped me to withdraw the policy and my father expired hence the claim experience was very nice.
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MITHILESH KAHNANI KAHNANI
, hyderabad
Reviewed on May 24, 2019
The dealer has provided me the policy when i purchased my bike. They have not given any clarity about the policy. I can make the premium through EMI as well. I need to pay Rs. 700 every month. The coverage value is Rs. 25 lakhs. The amount has been deducted through auto debit option. Still i have not received the hard copy of the documents.
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RAMACHANDRA D V
, bangalore
Reviewed on May 22, 2019
I am using the life insurance policy with the BAJAJ ALLIANZ LIFE INSURANCE where the customer support and responsiveness is good also the maturity period of this policy is for long term added on that the coverage is for self with this insurance policy.
In Bajaj Allianz I used to make the premium of Rs.2500 per annum it gave me the sum assured of Rs.2 lakhs its cover my family as well. Its around 8 years old policy, it has pre existing cover with critical illness feature. They got tied up with many hospitals and they do have claim benefits.
I have taken a life insurance in BAJAJ ALLIANZ LIFE INSURANCE. The policy is for 20 years. Now I am paying premium in the yearly package. They charge for high interest. I use to do payments through an online. While getting a policy my agent has given an information about the policy details. The customer service is good and responsiveness.
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SYED KASHAN ALI
, new delhi
Reviewed on May 13, 2019
I took 20years policy with Bajaj Allianz and am paying the premium for 7 to 8 years, the units are good. They are extending 30days for payment. They will buy units every year on my name and after maturity its based on those units. Am doing yearly premium of 22K and it was taken for savings.
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HARITHA NARRA
, hyderabad
Reviewed on May 12, 2019
I am having the life insurance policy with the BAJAJ ALLIANZ LIFE INSURANCE where the policy has the coverage for family added on that the maturity period of this policy is for longterm and also the policy has the life coverage and the accidental coverage.
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PRADEEP SINGH SINGH
, kolkata
Reviewed on May 10, 2019
I have been using life insurance with Bajaj Life insurance ,their service is good, there agent had explained me clearly about the policy and coverage ,and there premium amount they have charged me was nominal, and i pay on yearly basis, and it use to pay through on line.
BAJAJ ALLIANZ LIFE INSURANCE is the insurance provider where i am using the EULIP plan since from last ten years, it gives the self coverage and the maturity period of this policy is for 10 years and the policy got matured and got the sum assured too.
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MOHD ZEESHAN ANSARI
, new delhi
Reviewed on Apr 29, 2019
I generally pay the premium Rs. 13,000 to Bajaj Life Insurance on yearly basis. It has the tenure period of five years, based on home loan. I took this policy, they sum assured was good, they explained all the terms and condition but it was not same after enrolling the plan. However the policy comes under tax saving.
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VENKATESH MUTTAMSETTI MUTTAMSETTI
, bangalore
Reviewed on Apr 29, 2019
I generally pay the premium Rs. 13,000 to Bajaj Life Insurance on yearly basis. It has the tenure period of five years, based on home loan. I took this policy, they sum assured was good, they explained all the terms and condition but it was not same after enrolling the plan. However the policy comes under tax saving.
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VENKATESH MUTTAMSETTI MUTTAMSETTI
, bangalore
Reviewed on Apr 29, 2019
I hold a life child insurance plan (Young Assure - Child Education & Future Plan) with Bajaj Allianz Life. It has Multiple premium payment and policy term options along with this they provide Guaranteed Maturity Benefit (GMB), Guaranteed Additions (GA) and bonuses to ensure a good return. I am really satisfied with the plan. Interested folks can check here: https://www.bajajallianzlife.com/child-plans/young-assure.jsp
I hold a ULIP policy with Bajaj Allianz Life from last 3 years, Customer service is appreciable. I am completely satisfied with the terms and conditions on returns. I pay my premium once in a year and have never experienced any issues with Bajaj Allianz Life. I recommend to the people who are looking for ULIP plans check out: https://www.bajajallianzlife.com/ulip/ulip-plans.jsp
Nowadays Bajaj insurance is very useful for taking a long term plan . They are providing a good returns for the customers after the completion of the maturity time . I taken a plan for 20 years term period and I need to pay a premium of yearly basis .
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MUKESH KUMAR PANDIT
, bangalore
Reviewed on Apr 26, 2019
I have taken the life insurance policy which has been provided by the company the policy coverage is for 30L for family. The premium paid by the company and using it since from last few years. The policy has no issues and overall the service is good.
I have taken the life insurance policy of TERM PLAN with the BAJAJ ALLIANZ LIFE INSURANCE where it is the corporate insurance policy and the premium paid by the company added on that the policy coverage is for self but not aware of the sum assured value.
Bajaj insisted me to take life insurance policy when I took housing loan from them . Sum assured is Rs 25 lakhs for next 8 years . They never share the physical documentation for my Housing loan and insurance policy . From the compulsion made by Bajaj I took this policy .
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SREEDHAR KANU GOVI
, hyderabad
Reviewed on Apr 08, 2019
I have purchased the BAJAJ ALLIANZ LIFE INSURANCE where i am satisfied with the returns with this insurance policy ,and the agent had clearly explain me about the plan benefits,and policy coverage ,and the premium amount i use to pay on yearly basis through on line.
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DINESH CHAUHAN
, faridabad
Reviewed on Apr 02, 2019
I have purchased the BAJAJ ALLIANZ LIFE INSURANCE where i am not satisfied with the returns with this insurance policy and the maturity period of this policy is for 10-15 years. It gives the self coverage also the life coverage and the accidental benefits till the maturity period.
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CHITTA RANJAN SAHOO
, bangalore
Reviewed on Apr 01, 2019
My company had provided me life insurance with Bajaj allianz, their service is good, the agent had explain me about the policy coverage,and about plan benefits clearly, they only pay premium amount on behalf of me, till now i have no issue i have faced.
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ABDUL ASEEB MC
, malappuram
Reviewed on Mar 27, 2019
