Bajaj Allianz iSecure Insurance Plan

A term plan that helps you to the increasing financial requirements of your family.

Key Features

  • 5% increase in sum assured at every policy anniversary
  • Attractive high assured sum rebate
  • Alter frequency of premium payment

Benefits

  • Death benefit
Assured sum is provided to the nominee in case of death of the life insured.
  • Joint benefit
The benefit is payable on each life insured. On death of one holder the policy continues to be in action but with a reduced premium.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 60
MATURITY AGE 28 70
SUM ASSURED 2,50,000 NO LIMIT
POLICY TERM 10 30
PAYMENT TERMS YEARLY, HALF YEARLY, MONTHLY

What if?

  • I am unable to pay on time

A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is terminated.

  • I stop the payment

The policy is lapsed. Death or paid up benefits are not availed.

  • I wish to take a loan

Loan options are not available in this policy.

Exclusions

  • If the life assured commits suicide within one year from the commencement of risk the contract of insurance is terminated by providing 80% of the paid up premiums.