Bajaj Allianz Life Secure Plan
Bajaj Allianz Life Insurance
Our Verdict
Bajaj Allianz Life Secure is ideal for individuals seeking lifelong coverage with flexible benefits. It offers protection up to 100 years, but optional riders may increase costs. Best for long-term financial security.
About the Plan
The Bajaj Allianz Life Secure is a whole life term plan offering coverage up to 100 years. It provides three options: Life Cover, Accidental Death Benefit, and Accelerated Critical Illness Benefit. The plan includes flexible premium payment terms, high sum assured rebates, and a payout at 100 years if no claims are made. Designed for long-term financial security, it ensures comprehensive protection for individuals and their families, adapting to evolving financial needs.
About the Plan
Eligibility
• Minimum Entry Age :
25 Years
• Maximum Entry Age :
55 years
• Maximum Maturity Age :
Whole Life
• Sum Assured :
No Limit
• Policy Loan :
The policy Loan is not available
• Payment Modes :
Annual, half-yearly, quarterly, & Monthly
Eligibility
Features of the Product
Terminal Illness
If the life assured is diagnosed with a terminal illness, the policy provides an early payout of the sum assured. This helps the insured access financial support for medical expenses and personal needs before death occurs.
Zero Cost Option
Under certain conditions, future premiums can be waived while the policy benefits continue. This ensures that financial burdens do not affect coverage if the insured meets the predefined criteria.
Total Permanent Disability Payout
If the insured suffers from total and permanent disability, a lump sum payout is made. This benefit ensures financial security in case of permanent loss of earning capacity due to disability.
Inflation Protection Coverage
To protect against rising costs, this policy may offer increased coverage benefits over time. This ensures that the payout remains sufficient despite inflation in the economy
Premium Payment Customizations
The policy allows flexible premium payment options based on the policyholder's preferences. Premiums can be paid in different frequencies (monthly, quarterly, half-yearly, or yearly) to suit the individual’s financial planning and cash flow.
Exclusions
Death due to criminal acts committed with intent.
Death due to alcohol or drug influence, unless prescribed by a medical professional.
Death due to self-inflicted injuries or suicide.
Death occurring during military, naval, or air force operations in peacetime.
Death while participating in hazardous activities, including professional sports, racing, mountaineering, and adventure sports.
Death due to aviation accidents, except as a fare-paying passenger on a commercial airline.
Death due to war, invasion, riots, or civil unrest.
Death due to nuclear contamination or radiation exposure.
Any illness diagnosed within the first 180 days of policy issuance (waiting period).
Any pre-existing congenital condition diagnosed before policy commencement.
Illness or injury due to self-inflicted harm or attempted suicide.
Conditions arising due to alcohol or drug abuse.
Failure to survive for at least 30 days post-diagnosis of a critical illness
Exclusions
Accidental Death - Available as an optional rider: Bajaj Allianz Accidental Death Benefit Rider,which pays an additional sum assured in case of accidental death
Critical Illness - Offers a lump sum payment upon diagnosis of a covered critical illness, such as cancer, heart attack, or stroke.
Add-ons
If you smoke
Bajaj Allianz Life iSecure rewards you for maintaining a healthy lifestyle.
The plan provides you a separate set of premium rates for the lifestyle categories; Non-Smoker Preferred, Non-Smoker & Smoker
Note :
Suicide Clause : If the life assured dies due to suicide within 12 months from the policy commencement date or from the date of the latest policy revival (whichever is later), the nominee will receive the higher of 80% of the total premiums paid or the surrender benefit available on the date of death. This clause ensures that the nominee does not lose the entire amount paid in case of an unfortunate event
Free-look Period: Policyholders are granted a 15-day free-look period from the date of receiving the policy document. For policies purchased through distance marketing channels, this period extends to 30 days.
Grace Period : The grace period for premium payment varies based on the selected premium payment frequency:
15 days for monthly premium payment mode.
30 days for quarterly, half-yearly, and yearly premium payment modes.
Still Confused ?
Why OneAssure?
We guide your loved ones every step of the way to ensure they receive the full benefit of their coverage.
About the Company
Bajaj Allianz Life Insurance is a leading private life insurance company in India, formed as a joint venture between Bajaj Finserv Limited and Allianz SE founded in August 2001 in Pune headquarters. Known for its strong claim settlement ratio and innovative products, the company emphasizes customer-centric solutions with features like flexible premiums, rider options, and online services. Bajaj combines the financial expertise of Allianz SE with the trust and legacy of Bajaj Group, making it a preferred choice for long-term financial security.
The managing director and CEO of Bajaj Allianz is Mr Tarun Chugh.