• Bajaj Allianz Term Insurance

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    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 16 1 2 3 4 5
    • 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
    • Bajaj Allianz Life Life Insurance
      "Excellent"
      0.5 4.0/5 "Great!"
      I have insured my two wheeler with the Bajaj allianz general insurance company. The service aspects are good and their coverage value is good too. I would like to say that the plan benefits are also fine one for me with the Bajaj allianz.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2018
    • Bajaj Allianz Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance iwth Bajaj Allianz.I pay a minimum premium amount is debited from my savings account .The executives are great they give the best information about the scheme details.I get a good policy coverage amount to the customers.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 27, 2017
    • Bajaj Allianz Life Life Insurance
      "Long term investment"
      0.5 4.0/5 "Great!"
      I have taken this Life Insurance for 17 years and the experience with it has been quite good. I have been paying almost Rs.4000 as a premium for it and the payment is made through ECS mode. The return promised and also the plan benefits of them is quite good.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Dec 19, 2017
    • Bajaj Allianz Life Life Insurance
      "Accidental policy"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance from BAJAJ ALLIANZ LIFE INSURANCE. Yearly i have to pay 32 thousand. The maturity period is for 20 years. After that i will get a return of 10 lakhs. Its a term insurance and its a accidental policy. This will be benefited only after the death of the policy holder.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 12, 2017
    • Bajaj Allianz Life Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having the Bajaj allianz life insurance policy and the customer service is good one for me with them. I would like to say that the plan benefits are good one with them. I am happy with the Bajaj allianz life insurance company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Bajaj Allianz Life Life Insurance
      "Best policy to use"
      0.5 5.0/5 "Blown Away!"
      I hold a life insurance policy with Bajaj from last 4 years, there was a scheme like if u pay for Rs 1200 for 6 months then the policy will be valid for lifetime. Customer service was good and they responded on time. I have a coverage amount up to 20 lakhs and i am also satisfied with the benefits of this policy.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 05, 2017
    • Bajaj Allianz Life Life Insurance
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I took ULIP plan with Bajaj Allianz Life insurance, normally I make Rs. 1400 on monthly basis, it has the tenure of 12 years. But the investment has the locking period of seven years. After maturity period I would get the sum assured its good investment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 01, 2017
    • Bajaj Allianz Life Life Insurance
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have my LIFE INSURANCE with BAJAJ which was taken 4 years back . The tenure period is 20 years and premium paid on yearly basis. The customer service and responses was not satisfactory here . I am not satisfied with the policy coverage and plan benefits. Here I am paying through cheques and the its not a tax benefit also so I am not satisfied here overall.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 30, 2017
    • Bajaj Allianz Life Life Insurance
      "Need to improve a lot"
      0.5 1.0/5 "Really Bad"
      I am having the Bajaj Allianz life insurance policy and the customer service was not really good, also the response was not up to the mark. Like they wont give the proper feedback and information to the customer.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 25, 2017
    • Bajaj Allianz Life Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The payments for my life insurance service with bajaj was been deducted from my savings account through ECS. The documents part was easy I had taken three policy with bajaj it was totally a good experience with bajaj for my life insurance service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • Bajaj Allianz Life Life Insurance
      "Good experience"
      0.5 4.0/5 "Great!"
      I have my Life Insurance for about 1.5 years since my company has tie up with BAJAJ. The tenure period is 1 year and Its a cash back policy. I am really Stanfield with the policy coverage and benefits here. Its a tax benefit. The customer service and responsiveness was up to the mark so Its recommendable.My overall experience was satisfactory here.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 17, 2017
    • Bajaj Allianz Life Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the Bajaj Allianz insurance company ad the customer service was not yet much experienced. I would like to say that the returns would be on time credited one with the Bajaj Allianz insurance company.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2017
    • Bajaj Allianz Life Life Insurance
      "Very Good"
      0.5 4.0/5 "Great!"
      My Life Insurance was taken with BAJAJ ALLIANZ LIFE INSURANCE .The tenure period was 20 years and premium paid on half yearly basis. I am happy with the policy coverage and benefits. The customer service and responses was up to the mark. Its a tax benefits and my experience was very good here .
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2017
    • Bajaj Allianz Life Life Insurance
      "Good experience"
      0.5 4.5/5 "Excellent!"
      My Life Insurance was taken with BAJAJ ALLIANZ year back. The tenure period is 10 years and its a long term polciy. I am paying online so Its very comfortable for me. Its a tax benefit and premium paid on half yearly basis. I am satisfied with the policy coverage and benefits . My overall experience was good so Its recommendable.
      Was this review helpful? 0
      , greater noida
      Reviewed on Nov 09, 2017
    • Bajaj Allianz Life Life Insurance
      "Payment option is confusing"
      0.5 3.5/5 "Pretty good"
      I have my Life Insurance with Bajaj Allianz and the package has been a pretty good one. I have been paying Rs.2500 as a premium and expect a good return out of it. I feel their App is not that user friendly, and also we can make payment only their website.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 08, 2017
    • Bajaj Allianz Life Life Insurance
      "Can't stop the Insurance in between without huge fine"
      0.5 3.0/5 "Satisfactory"
      I have been maintaining this Life Insurance with Bajaj Allianz for quite a while now, and felt the experience to be good. I have a place in portal to check my policies status, which I felt is quite good. The only issue I found with them is that supposidely for some reason you are going to stop the Insurance, then you would need to pay them aroun 40% of the total money paid to them and also service charges rate would be added along.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 07, 2017
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