Bajaj Allianz iSecure More Plan

Bajaj Allianz iSecure More plan is an online increasing traditional term insurance plan available through the company’s website. The plan provides increasing coverage to take care of future requirements at affordable rates.

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₹1 Crore Life cover starting from ₹478/month+
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Bajaj Allianz iSecure More - Key Features

  • It is a pure term insurance plan that provides an option of regular premium payment.
  • Different premium rates are offered for smokers and non-smokers.
  • Single life and joint life options are available.
  • Easy and hassle-free application process.

Bajaj Allianz iSecure More - Benefits

  • The Sum Assured increases by 5% every year to a maximum of 200% of the sum assured chosen at inception.
  • The nominee gets the Sum Assured on the demise of the policyholder in case of single life plan. If the policy is taken under joint life, on the death of the primary policyholder, the Sum Assured is paid and the plan continues till the secondary life insured is alive or until the end of the term, whichever is earlier. On the death of the second life prior to maturity, additional sum assured is paid out.
  • The death benefit is paid out in annual installments over five or ten years. The benefit is equal be equal to 1.08 times death benefit divided by 120 for 10 years and 1.04 times the death benefits divided by 60 for 5 years.                                                                                                  
  • The premium paid by the insured is eligible for tax benefit as per section 80C of Income Tax Act. The claim received also comes under tax-free proceeds under section 10(10D) of the Income Tax Act.

Bajaj Allianz iSecure More - Product Specification:

 

Minimum

Maximum

Age of Entry (Last Birthday)

18 years

60 years

Age of Maturity (Last Birthday)

28 years

70 years

Policy Tenure (PT) in years

10

25

Tenure of Premium Payment (PPT) in years

Equal to policy term

Premium Payment Mode

Annual, half-yearly, quarterly, monthly

Annual Premium

1500

No limit

Sum Assured

250,000

No limit

Bajaj Allianz iSecure More - Policy Details

  • Grace Period: In case of failure of the premium payment within the given time, a 15 days’ grace period is allowed to the insured to make payment of the due premium in monthly mode and 30 days in other modes. If the insured fails to clear all the due premiums within this time, then the policy will no longer be valid.
  • Policy Termination or Surrender Benefit: The policy does not provide any surrender benefit.
  • Free look Period- If the insured is dissatisfied with the coverage and terms and the conditions of the policy, then they have the option to cancel the policy within 30 days of the policy issue date, provided there has been no claim.

Additional Features or Riders

  • The Premium payment term can be changed given the terms and conditions of the policy.
  • Premium discounts are given for non-smokers and preferred non-smokers.
  • Premium discounts for choosing joint life coverage.
  • High sum assured rebates for choosing larger coverage options of 5 lakhs and above.

Life Insurer Details

Exclusions

If the policy tenure has not exceeded 1 year and the policyholder commits suicide during this time, only 80% of premiums paid are refunded to the nominee.

Documents Required for Bajaj Allianz iSecure More

In order to acquire the policy, the insured needs to submit the application form along with address proof and KYC documents. In certain cases, medical examinations may also be required.

You also like to read: Bajaj Allianz Term Insurance Plan 

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

Premium By Age

˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

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

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

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