Bajaj Allianz Life Secure- Assuring you protection for a lifetime.
We all wish for protection at all stages of our life, but most of the time achieving this through-out our life is very difficult.
Helping you with a solution, we at Bajaj Allianz Life Insurance present Bajaj Allianz Life Secure - a unique term insurance plan that provides you complete protection till your 100th birthday, so that you can live worry-free for a lifetime.
Bajaj Allianz Life Secure is a whole life plan that provides term assurance cover, accidental death cover and critical illness cover, depending on your choice. The key advantages of this plan are:
You can customize your policy to suit your requirement in the following manner:
Choose your coverage option^
Choose your Sum Assured
Premium Payment Term (PPT)
Your premium will be based on your current age, gender, Sum Assured, coverage option, PPT & premium payment frequency.
^The coverage option chosen at inception cannot be changed during the policy term.
Coverage Option I & II: 55 years
Coverage Option III: 50 years Maximum
(100 minus Age at Entry) years
Premium Paying Term
5, 7, 10 and 15 years
|Maximum Premium - No Limit|
Sum Assured has to be opted in multiples of Rs. 50,000 Maximum
Premium Payment Frequency
Yearly, Half Yearly, Quarterly and Monthly#
# Monthly premium payment frequency will be available under salary deduction scheme & ECS.
Bajaj Allianz Life Secure (UIN: 116N130V01)
The benefit payable will be as per the below mentioned coverage option chosen at inception of the policy:
For Coverage Option I(Only Death Benefit)
For Coverage Option II (Death Benefit plus Accidental Death Benefit)
For Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit)
If death benefit has not been paid before the life assured attains age 100 years, the below mentioned benefit will be paid and the policy will terminate:
The Sum Assured on Death is defined as:
* Annualized Premium and total premium is exclusive of extra premium and service tax & cess, if any
High Sum Assured Rebate (HSAR)
The plan offers an attractive premium discount based on Coverage Option, chosen Sum Assured, Age and Premium Paying Term (PPT). A discount will be available on the annual premium for each complete additional Rs. 1,00,000 Sum Assured purchased over and above the minimum Sum Assured of Rs. 20,00,000 as mentioned in the table below:
|Coverage Option||High Sum Assured Rebate applicable for Sum Assured band|
|I||above the minimum Sum Assured of Rs. 20,00,000|
|II||above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of Rs. 2,00,00,000|
|III||above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of Rs. 1,00,00,000|
|High Sum Assured Rebate|
|Below age 45||Rs. 152||Rs. 115||Rs. 90||Rs. 71|
|Age 45 & above||Rs. 113||Rs. 88||Rs. 70||Rs. 56|
Premium paid are eligible for tax benefits under section 80C of the Income Tax Act. Death, accidental death, critical illness and surrender benefits are eligible for tax benefits under Section 10(10D) of the Income Tax Act, subject to the provision stated therein.
Let's see an example:
Vishal aged 35 years has taken a Bajaj Allianz Life Secure - coverage option III for a premium paying term of 15 years. The Sum Assured chosen by him is Rs. 30,00,000 for which he is paying an annual premium of Rs. 84,940 after a high sum assured rebate of Rs. 710. The risk covers received by Vishal are as follows:
Premium shown above is exclusive of Service Tax & cess, and any extra premium.
For female lives, 3 year age set back is applicable in premium calculation for Coverage Option I and II
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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.
Disclaimer: 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.
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.