You have always tried your best to fulfill all your responsibilities and take care of your family. However, life comes with risks and unforeseen incidents that can put your family's financial security in jeopardy. Have you thought about a secure term insurance plan?
Presenting the Bajaj Allianz iSecure Insurance Plan; a level cover term assurance plan that secures your family's financial needs by giving you a level term cover for high sum assured, but at a low cost.
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After this policy term expires the term insurance cover is no longer valid. If the insured dies during this term, the death benefit is paid to the nominee. Thus, term insurance is the most basic, inexpensive and non-complicated insurance policy that you can purchase for your family security.
There are two kinds of term insurance Plans:
Bajaj Allianz iSecure places itself as one of the safest term insurance plans in India. It offers you the choice to cover your spouse as well jointly with yourself. You can customize your term insurance policy to suit your requirements by following the steps as follows:
Choose either individual or a joint life term insurance cover
sum assured(s) (Life Cover)
Policy Term & premium payment frequency
If sum assured chosen is Rs.20,00,000 you may choose your lifestyle category either "Non-Smoker1" or "Smoker1"
Your term insurance premium will be based on your current age(s), sum assured(s), lifestyle category (if applicable), policy term and premium payment frequency.
In case of unfortunate demise, the dependents will receive the death benefit as promised by the term insurance company.
This categorization is available for sum assureds of Rs.20,00,000 & above and subject to medical examination/tests as decided by the term insurance company.
A Non-smoker who has no abnormalities in his medical examination/tests or family/personal history; has no risky avocation and does not have a risky occupation, as decided by the Company, is classified as a Preferred Non-Smoker.
Rs.250,000 for general category and
Rs.20,00,000 for the categories split by Preferred Non-Smoker1 , Non-Smoker1 & Smoker Minimum
10, 15, 20, 25 & 30 years
Minimum Installment Premium
|Less than Rs.2,000,000||Rs.1000||Rs.500||Rs.250||Rs.100|
|Greater than or equal to Rs.2,000,000||Rs.3000||Rs.1500||Rs.750||Rs.250|
* For monthly installment, three (3) installments need to be paid at the inception of the policy.
Bajaj Allianz iSecure (UIN:116N109V02)
Subject to the provision stated therein.
B. Joint Life
Jai aged 30 has opted for iSecure for a policy term of 20 years. The Sum Assured chosen by him is Rs.1,00,00,000 for which he is paying an annual premium of Rs.10,465 after a high sum assured rebate of Rs.5,635
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Premium paid are eligible for tax benefits under section 80C of the Income Tax Act and Maturity benefit,death benefit and Surrender value are eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.
Disclaimer: I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business.
Insurance is the subject of the solicitation. For more details about risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. Please note that the name of the Bajaj Allianz product/plan does not indicate the quality of the insurance contract and its future prospects or returns. Investment in ULIPs is subject to market risks associated with capital markets. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Service tax and education cess will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.
The returns as indicated in the Sales Illustration are only illustrative and they are not guaranteed. The illustrative returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance.
The results displayed in the calculators are based on certain assumptions about the rates of return. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance.