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Why iSecure More as a Term Insurance Plan?
Bajaj Allianz iSecure More Term Insurance Plan is an increasing cover term assurance plan that
enhances your protection to meet your family’s increasing financial requirements.
It is a plan that helps secure your family more & more as the years go by.
To speak to our product guides
Call us at 1800-233-3355 (toll-free) or mail us on websaleslife@bajajallianz.co.in for one stop solution for all your product related queries.
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Why Bajaj Allianz Life Insurance?
Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz
SE. Both enjoy a reputation of expertise, stability and strength. This joint
venture company incorporates global expertise with local experience.
The comprehensive, innovative solutions combine the technical
expertise and experience of the 119 year old Allianz SE, and indepth
market knowledge and goodwill of 'Bajaj brand' in India. Competitive
pricing and quick honest response have earned the company the
customer's trust and market leadership in a very short time.
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What is Term Insurance
Term insurance is a life insurance which provides coverage for the policy term decided between the policy holder and insurer at the onset of the policy.
After this policy term expires coverage is no longer valid.If the insured dies during this term, the death benefit is paid to the nominee.
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That's Not all
Key Features
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Investment Insights Article on Term Insurance
Insurance, as the name suggests, provides assurance of payment of a fixed sum of money in the event of unexpected loss against payment of a predictable sum of money, known as premium.
Read Now...
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Find Out How
Bajaj Allianz iSecure More
Plan Works As Per Your Choice
Step-1 Choose between individual or joint life cover
Step-2 Choose your Sum Assured(s) (Life Cover)
Step-3 Choose your policy term & premium payment frequency
Premium is based on your current age(s), Sum Assured(s), policy term and premium payment mode.
Product FAQ's
Coming soon
Chronicle of BALIC Claims
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Also Know
Premium Rebates
The plan offers an attractive premium discount to you for choosing high
sum assured of 500,000 and more.
The high sum assured rebate (HSAR) for an individual life is as below:
| SA Band |
% Rebate (reb%) for Age Band |
| < = 30 |
31 - 40 |
41 - 50 |
> = 51 |
| 500,000 to 999,999 |
10.00% |
5.00% |
2.50% |
2.50% |
| 1,000,000 to 1,999,999 |
17.50% |
7.50% |
5.00% |
2.50% |
| 2,000,000 to 4,999,999 |
20.00% |
10.00% |
5.00% |
5.00% |
| 5,000,000 & above |
25.00% |
10.00% |
7.50% |
5.00% |
The premium rate for joint life will be arrived at by allowing rebate on
the total of the gross premium# applicable to the individual lives. The
joint life rebate (JLR) for joint life is as below
| Age of Older Life Assured |
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| <= 40 |
41 to 50 |
>= 51 |
JLR as % of the total Gross Premium# applicable to the
individual lives |
5% |
3% |
1% |
Tabular Premium is the rate per Rs. 1,000 Sum Assured for a given age and policy
term # Total of the Gross premium is the total of the calculated premiums for each
individual after allowing for any HSAR for each individual life.
An additional rebate of 5% of gross premium will be available for policies taken
through the web.
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Most Intresting
Flexibilities
a) Option to take Death Benefit in installments
Your spouse/nominee will have the option to take the death benefit in annual installments over a settlement period of ten (10) years from the date of intimation of death.
b) Option to include spouse at a later date
If you are not married at the inception of the policy, you can include your spouse at a later date, after marriage.
c) Option to take additional Riders
You have the option to choose the following riders:
- Comprehensive Accidental Protection
- Critical Illness Benefit
- Hospital Cash Benefit
Alteration of Premium payment frequency
Available at any policy anniversary subject to minimum premium under the plan.
d) Advance Premium Payment
- Get discount on premiums that are paid in advance. The rate of discount will be declared by the company every financial year. The rate of discount for the FY 2010-11 & 2011-12 is 7% per annum
- If any advance premium has been paid, then, on death or surrender, such discounted advance premium(s) paid-but not -yet-due will be refunded to you (without any interest).
A Guide to Life Insurance Riders
The most important tool you can add to your life insurance policy, is a rider. Riders are additional provisions made to an insurance contract, to extend or reduce the benefits payable by the policy. They can also affect the overall policy quote. Knowing how riders can get you extra benefits is a great boost to your ability to customise your insurance policy.
Read Now...
To speak to our product guides
Call us at 1800-233-3355 (toll-free) or mail us on websaleslife@bajajallianz.co.in for one stop solution for all your product related queries.
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Must Keep In Mind
Eligibility Criteria
The eligibility conditions have a widerange
| Parameter |
Eligibility |
| Minimum Entry Age |
18 years |
| Maximum Entry Age |
60 years |
| Minimum Sum Assured |
Rs. 2,50,000 |
| Maximum Sum Assured |
No Limit (subject to the Sum Assured multiples) |
| Policy Term |
10, 15, 20 & 25 years |
| Minimum Installment Premium |
| Sum Assured |
Yearly |
Half-Yearly |
Quarterly |
Monthly* |
| < Rs.2,000,000 |
Rs.1000 |
Rs.500 |
Rs.250 |
Rs.100 |
| >= Rs.2,000,000 |
Rs.3000 |
Rs.1500 |
Rs.750 |
Rs.250 |
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| Minimum Maturity Age |
28 years |
| Maximum Maturity Age |
70 years |
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Carefully Select
Sum Assured Multiples
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. 4,00,000-45,00,000 |
Rs. 1,00,000 |
| Rs. 45,00,000 and above |
Rs. 5,00,000 |
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Avail
Tax Benefits
Premiums paid are eligible for tax benefits as per Section 80C of the Income Tax Act. Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act.
In case of changes in any relevant tax laws, the same will be applied from time to time.
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Learn More
Frequently Asked Questions and Support
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