Bajaj is a well known brand in India which is famous for its products in Automobiles, Electronics etc. Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE.
To meet the increasing demand in Term Insurance Bajaj Allianz come up with online term insurance plans.
BAJAJ Allianz iSecure more term Insurance Plan
BAJAJ Allianz iSecure more term Insurance Plan (UIN :116N108V01) is useful for those who want to increase the protection (sum assured) every year 5%.
Every year proportionate to earnings, expenditure is also increasing. It is a better idea to have increasing insurance protection, without going for new policy every year.
Also Read : Difference between Term Insurance and Traditional Insurance
Key features of Bajaj Allianz iSecure Insurance Plan
5% increase in sum assured at each policy anniversary, upto a maximum of twice the sum assured.
Online Term Insurance Plan. For Online Insurance Plans Company saves expenditure like Agent’s commission etc. So, reduce in expenditure leads to discount in premium.
Premium discount for healthy lifestyle maintainers. non-smokers and for medically fit non-smoker.
Flexibile policy term of 10, 15, 20 & 25 years.
Pay your future premiums and get attractive discounts.
You can alter your premium payment frequency, even after commencement of policy.
Include your spouse at a later date in your existing policy, if you are single at present.
Additional rider benefits available for enhanced protection.
Prevailing Sum Assured: The sum assured increased by 5% of the
sum assured (at policy inception) at each policy anniversary,
subject to a maximum of twice the sum assured as at inception of
In case of unfortunate death of Individual life assured during the policy term,
provided all premiums are paid up to date, the prevailing sum assured will be payable as death benefit to the nominee. The policy cover will terminate immediately on death of the life assured.
Bajaj Allianz iSecure Insurance Plan offers you the choice to cover your spouse as well jointly with yourself.
The death benefit is payable on death of each life for Joint Policy holders, provided that the policy is in-force. The amount of benefit payable is the prevailing sum assured, in respect of the deceased life assured.
On death of any one of the life assureds, the policy will automatically
continue on the surviving life assured with a reduced premium. The
reduced premium will be based on the age, lifestyle category (if
applicable), policy term, premium payment frequency and sum
assured of the surviving life assured as at the inception of the policy.
Death benefit (claim) can be taken in lumpsum or in installments with interest. It is upto the Nominees decision.
Tax Benefits for BAJAJ Allianz iSecure Insurance Plan
Like any other Insurance plans BAJAJ Allianz iSecure Plans also offers tax benefits as below.
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.
In case of changes in any relevant tax laws, the same will be applied from
time to time
BAJAJ Allianz iSecure more term Insurance Plan Riders
Riders are the extra benefits to the premium holder for a nominal extra cost.
Bajaj Allianz Comprehensive Accidental Protection Benefit (UIN:116C001V01)
Bajaj Allianz Critical Illness Benefit (UIN: 116C007V01)
Bajaj Allianz Hospital Cash Benefit (UIN : 116C008V01)
Six Steps for Online BAJAJ Allianz iSecure Insurance Plan
I.Click on Online BAJAJ Allianz iSecure Insurance Plan
3.Premium / Benefit Details
Download BAJAJ Allianz iSecure more Insurance Brochure for all features and premium details
Download BAJAJ Allianz iSecure more term Insurance Brochure
BAJAJ Allianz Toll Free Number
For further details call Toll Free Number 1800-233-3355