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.

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:




Age of Entry (Last Birthday)

18 years

60 years

Age of Maturity (Last Birthday)

28 years

70 years

Policy Tenure (PT) in years



Tenure of Premium Payment (PPT) in years

Equal to policy term

Premium Payment Mode

Annual, half-yearly, quarterly, monthly

Annual Premium


No limit

Sum Assured


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.


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.

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