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  Bajaj Allianz Life Insurance   (Toll Free) 1800-209-0144
020-66495000
 
   
 
Buy Online
 
 
Download iSecure Brochure - find more details Download Brochure
Send E-Mail for more iSecure details websaleslife@bajajallianz.co.in
 
Frequently Asked Questions about iSecure Insurance Plan  
1. What type of product is iSecure Insurance Plan?
2. What is the minimum and maximum entry age for this plan?
3. What is the choice of policy term available?
4. What is the minimum and maximum premium for this plan?
5. What is the Sum Assured under this plan?
6. Will there be any difference in the premium rates for smokers and non smokers?
7. How does the Proposer know the lifestyle category in which he/she falls?
8. How does the Proposer know if he/she belongs to the category preferred nonsmoker?
9. Does the Proposer necessarily have to undergo the medical tests?
10. Can the Policyholder pay premiums in advance?
11. Does the Policyholder get any rebate/discount for High Sum Assured?
12. Is the product available for joint lives?
13. Can the policyholder (first Life Assured) add his/her spouse in the existing policy if he/she is married at policy inception?
14. Can the Life Assured and the second Life Assured under the joint life option, choose different sum assureds?
15. What will happen if the lives terminate their marriage or apply for separation during the policy term?
16. What will happen if the first life does not inform the company about the divorce?
17. Will the Sum Assured remain the same through out the policy term?
 
1. What type of product is iSecure Insurance Plan?
  Bajaj Allianz iSecure Insurance Plan is a Non-Linked, Non-Participating, Regular Premium, Level Term Assurance Plan.
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2. What is the minimum and maximum entry age for this plan?
  Minimum age at entry is 18 years and maximum age at entry is 60 years for the base plan.
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3. What is the choice of policy term available?
  Policy Terms of 10, 15, 20, 25 & 30 years are available.
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4. What is the minimum and maximum premium for this plan?
  Minimum Regular Premium for sum assured less than 20 lacs is Rs. 1,000 per Yearly Installment, Rs. 500 per Half-yearly Installment, Rs. 250 per Quarterly Installment, Rs. 100 per Monthly installment.

Minimum Regular Premium for sum assured 20 lacs & above is Rs. 3,000 per Yearly Installment, Rs. 1,500 per Half-yearly Installment, Rs. 750 per Quarterly Installment, Rs. 250 per Monthly installment.

Maximum Premium: Will depend upon the Sum Assured chosen.
 
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5. What is the Sum Assured under this plan?
  Minimum Sum Assured is Rs. 2,50,000. However, for polices sold through the web, the minimum sum assured is Rs. 2,000,000

Maximum Sum Assured is Rs. 100 crores.

Sum Assured can be chosen in specific multiples only (as stated below):
Sum Assured Band Multiple
Upto Rs. 4,00,000 Rs. 50,000
Rs. 4,00,000 to 100,00,00,000 Rs. 1,00,000
 
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6. Will there be any difference in the premium rates for smokers and non smokers?
  Yes. For sum assureds of 20 lacs & above, the premium rates under the plan will depend on lifestyle category (from Preferred Non-Smoker, Non-Smoker and Smoker).  
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7. How does the Proposer know the lifestyle category in which he/she falls?
  The category applicable for the proposer will be decided by the company based on the medical tests results. The premium amount collected at the time of proposal will be the one corresponding to the smoker or non-smoker category. After the category is decided upon, any excess will be refunded to the policyholder.  
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8. How does the Proposer know if he/she belongs to the category preferred nonsmoker?
  To be eligible for preferred non-smoker category, one has to be a necessarily non-smoker. The company will further determine the category based on the medical tests results done.  
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9. Does the Proposer necessarily have to undergo the medical tests?
  If the Sum Assured chosen is Rs. 20 lacs and above, the proposer will have to necessarily undergo the medical tests.  
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10. Can the Policyholder pay premiums in advance?
  No, the Policyholder cannot pay premiums in advance.  
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11. Does the Policyholder get any rebate/discount for High Sum Assured?
  Yes. High Sum Assured rebate will be offered under the plan for choosing sum assured of Rs. 5,00,000 and above.  
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12. Is the product available for joint lives?
  Yes. The policyholder has the option to take an individual or a joint life cover with spouse.  
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13. Can the policyholder (first Life Assured) add his/her spouse in the existing policy if he/she is married at policy inception?
  No. The spouse can only be added if the first life assured is not married at the inception of the policy.  
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14. Can the Life Assured and the second Life Assured under the joint life option, choose different sum assureds?
  Yes. The second life can take a sum assured less than or equal to the first life’s sum assured, subject to the minimum sum assured conditions under the plan.  
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15. What will happen if the lives terminate their marriage or apply for separation during the policy term?
  In such a case, the company needs to be informed of the same (giving sufficient proof) by the first life; and the second life shall be excluded from the policy. On exclusion, the policy can be continued as an individual life policy with a reduced premium. Once excluded, the life cannot be included again.  
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16. What will happen if the first life does not inform the company about the divorce?
  If the company is not informed by the first life in case of divorce, then on death of the second life only the premium/s paid (pertaining to the second life) from the date of divorce will be refunded. The policy shall continue on the surviving life assured.  
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17. Will the Sum Assured remain the same through out the policy term?
  Yes. The Sum Assured under the plan will remain the same.