iSecure More Plan | iSecure More Insurance Plan

Bajaj Allianz iSecure More

Term Insurance Plan
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.

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.

Key Features
  • Increasing cover of 5% per annum at each policy anniversary
  • Option to increase your insurance cover upto twice the Sum Assured at policy inception depending upon the policy term.
  • Attractive high Sum Assured rebate for Sum Assured Rs.5 lacs and above.
  • Choice of policy term from 10 years to 25 years depending on needs.
  • Single and joint life (with spouse) availability.
  • Tax Benefits u/s 80C and 10(10D)*
  • Opt for disbursement of policy proceeds in monthly installment
How Does Your Plan Work
  • 1step

    Choose between
    individual or joint life cover

  • 2step

    Choose your
    Sum Assured(s) (Life Cover)

  • 3step

    Choose your
    policy term & premium payment frequency

Premium is based on your current age(s), Sum Assured(s), policy term and premium payment mode.

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 < = 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.

Flexibilities

    A. Option to take Death Benefit in installments

    • Your spouse/nominee will have the option to take the death benefit in monthly installments of 5 or 10 years.

    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.
Am I Eligible?
  • Entry Age

    18Minimum

    60Maximum

  • Maturity Age

    28Minimum

    70Maximum

  • Sum Assured

    Rs. 2,50,000Minimum

    No Limit (subject to the Sum Assured multiples)Maximum

  • Policy Term

    10, 15, 20 & 25 years

  • Minimum Installment Premium

    Mode Yearly Half-Yearly Quarterly Monthly*
    Premium Rs. Rs.1,500 Rs.750 Rs.400 Rs.150
    *Monthly premium payment frequency will be available under salary deduction scheme & ECS. It will not be available at the inception of the policy.
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
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.
  • Subject to the provision stated therein.

    Bajaj Allianz iSecure More (UIN:116N108V02)

    For more details, please refer to the Brochure and Policy Document

Frequently Asked Questions and Support

Questions to Ask Before Purchasing a Life Insurance Policy

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Today you have a wide variety of life insurance products to choose from.

Read More

How to Choose the Best Term Insurance Plan

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Let's understand the basics of term insurance for the less finance-savvy readers...

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For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
Super Agent

Tax Benefits

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.

Download Brochure

8 pages - 878 Kb

Download Policy Document

8 pages - 493 Kb

For more information Click here
*Life Insurance Claims settled as FY 2016-17

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.