Bajaj Allianz Life Insurance

I Secure Bajaj Allianz Plan

Bajaj Allianz Life Insurance

92.06%
Claim Settlement Ratio

Our Verdict

Bajaj Allianz iSecure More's ROP option and flexible payouts are appealing, complemented by riders like hospital cash and family income. While the base plan is straightforward, it's a solid choice for those wanting customizable financial protection and potential premium returns.

 

About the Plan

Eligibility

Features of the Product

01

Death benefits

  1. Bajaj Allianz iSecure More pays the increasing sum assured on death, with options for lump sum or installment payouts for nominees.

02

Joint Life cover

  1. Bajaj Allianz iSecure More offers joint life cover, paying the sum assured on each death, with increasing cover and flexible payouts.

     

     

03

Tax benefis

  1. Bajaj Allianz iSecure More offers tax benefits on premiums and payouts under Sections 80C and 10(10D) of the Income Tax Act, 1961.

     

Exclusions

Add-ons

WOMEN

If you are a woman

  1. Coverage for gender-specific critical illnesses such as:

    Breast Cancer – Lump sum payout upon diagnosis to help with treatment expenses.

    Cervical Cancer – Financial support for medical costs and recovery.

    Ovarian Cancer – Coverage for diagnosis and treatment.

    Pregnancy-Related Complications – Some policies may cover critical maternity-related conditions.

CIGARETTE

If you smoke

  1. Bajaj Allianz generally offers lower premium rates for non-smokers on their term insurance plans, including the iSecure More plan.

Note :

  1. Grace period : The Bajaj Allianz iSecure More plan offers a grace period of 15 days for monthly premium payments and 30 days for other frequencies. 

  2. Free look period : The free look period for Bajaj Allianz iSecure More allows policyholders to review terms and cancel within 15 days for a refund.

  3. Suicide Clause: In case of the policyholder's suicide within 12 months from policy commencement or revival, Bajaj Allianz iSecure More refunds 80% of total premiums paid. 

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About the Company

Frequently Asked Questions