Claim Settlement Ratio of 99.23%~

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Bajaj Allianz Life iSecure II

A Non-Linked, Non-Participating, Individual Life Insurance Term Plan

Flexibility to choose your policy term along with the option to pay premiums for a limited period or throughout the policy term
Option to get back your Total Premiums Paid as Maturity benefit. Maturity Benefit is available with ROP variant
Enhance your protection through our comprehensive riders
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Annual Income (in ₹ lakhs)
< 2.5 2.5-5 5-7.5 7.5-10 10-15 15-20 >20
Tobacco/Nicotine*
Life Cover
Cover till Age
Pay Premium
Premium Amount(Incl. GST)
₹ 80,615/Annually
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  • Life

  • ROP

  • Easy

  • Overview

  • Key Advantages

  • How this works

  • Eligibility

  • Downloads

  • Policy Benefits

You have always tried your best to fulfil all your responsibilities and take care of your family. However, life is full of uncertainties, and we need to ensure that our families are well provided for.

Presenting Bajaj Allianz Life iSecure II; a non-linked, non-participating, individual, regular/limited premium, pure risk and savings life insurance plan that secures your family’s financial needs.

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Flexibility to pay

You can pay premiums throughout the policy term, or for a limited number of years.

Early Exit Value2

Option to exit your policy once your coverage needs are met and receive your paid premiums back (i.e. Early exit Value2)

 

2Early Exit Value is available with Variant 1 - Life

Payouts in instalments

The nominee can opt to receive the death benefit payout in equal monthly instalments for 5 / 10 / 20 / 30 / 40 years.

Multiple options for policy terms

Choose from multiple policy terms depending on your requirement

Alter premium payment frequency

Premium can be paid in monthly, quarterly, half-yearly and annually. 

Tax Benefits~

Tax Benefits~ as per prevailing tax laws

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Serial Number-1

Choose your variant

Variant 1: Life

Variant 2: ROP

Variant 3: Easy

Note: ROP: Return of Premiums

Serial Number-2

Choose your sum assured (Life Cover)

Serial Number-3

Choose your Death Benefit Payment option

Select how your family will receive the Death Benefit in your absence –
1. A one-time lump sum, or
2. Partly as Lump sum & partly as monthly income for 5 / 10 / 20 / 30 / 40 years
3. Monthly income for 5 / 10 / 20 / 30 / 40 years

Serial Number-4

Choose your policy term, premium payment term & premium payment frequency

Select the period for which you want to get life insurance protection and the period for which you want to pay the premium

Serial Number-5

Choose your Premium Payment Frequency

Your premium will be based on your current age, sum assured, lifestyle category (if applicable), policy term, premium payment term and premium payment frequency etc.

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Age at Entry

Plus Symbol

Minimum age is 18 years

Maximum age is 65 years

For policies sold through POS channel, the minimum & maximum Entry Age will be as per prevailing POS guidelines, as amended from time to time.

Age at Maturity

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Minimum Age at Maturity is 28 years

Maximum Age at Maturity is 85 years

For policies sold through POS channel, the minimum and maximum maturity age at Maturity will be as per prevailing POS guidelines, as amended from time to time.

Policy Term (PT) & Premium Payment Term (PPT)

Plus Symbol

Premium Payment Type

Premium Payment Term

Policy Term

Limited Pay

5

10 to [85 minus Age at Entry]

10

11 to [85 minus Age at Entry]

15

16 to [85 minus Age at Entry]

20

21 to [85 minus Age at Entry]

25

26 to [85 minus Age at Entry]

Regular Pay

10 to [85 minus Age at Entry]

Same as Premium Payment Term

Any policy term between minimum & maximum (both inclusive) are available

Sum Assured

Plus Symbol

Minimum Sum Assured

₹ 25,00,000

Maximum Sum Assured

No limit, subject to Board Approved Underwriting Policy (BAUP) of the company.

For policies sold through POS Channel, the maximum Sum Assured will be as per prevailing POS guidelines, as amended from time to time.

Minimum & Maximum Premium

Plus Symbol

As per Minimum & Maximum Sum Assured

Premium Payment Frequency

Plus Symbol

Yearly / Half-yearly / Quarterly / Monthly

- Age calculated is age at the last birthday


- The product is available for sale through online mode.


For policies sold through POS channel, the eligibility criteria will be as per prevailing POS guidelines, as amended from time to time.

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Brochure
Download
Policy Document
Download
Customer Information Sheet
Download
Serial Number-1
Death Benefit (Benefit payable on death of the Life Assured during the policy term)

Sum Assured on death will be payable to your nominee.  

Death benefit will not be less than Guaranteed Death Benefit i.e. 105% of the Total Premiums paid up to the date of death.

The policy will terminate immediately & automatically on your death. 

Serial Number-4

Maturity Benefit

Not Applicable

On survival till the end of the policy term. No benefit is payable.  

The policy will be terminated immediately & automatically on the maturity date. 

Close Button
  • Overview

  • Key Advantages

  • How this works

  • Eligibility

  • Downloads

  • Policy Benefits

You have always tried your best to fulfil all your responsibilities and take care of your family. However, life is full of uncertainties, and we need to ensure that our families are well provided for.

Presenting Bajaj Allianz Life iSecure II; a non-linked, non-participating, individual, regular/limited premium, pure risk and savings life insurance plan that secures your family’s financial needs.

Close Button

Flexibility to Pay

You can pay premiums throughout the policy term, or for a limited number of years.

Return of Premiums

Get back your total premiums* paid as Maturity Benefit.

*Total Premiums paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly

Payouts in instalments

The nominee can opt to receive the death benefit payout in equal monthly instalments for 5 / 10 / 20 / 30 / 40 years.

Multiple options for policy terms

Choose from multiple policy terms depending on your requirement

Alter premium payment frequency

Premium can be paid in monthly, quarterly, half-yearly and annually.

Tax Benefits~

Tax benefits~ as per prevailing tax laws.

Close Button
Serial Number-1

Choose your variant

Variant 1: Life

Variant 2: ROP

Variant 3: Easy

Note: ROP: Return of Premiums

Serial Number-2

Choose your sum assured (Life Cover)

Serial Number-3

Choose your Death Benefit Payment option

Select how your family will receive the Death Benefit in your absence –
1. A one-time lump sum, or
2. Partly as Lump sum & partly as monthly income for 5 / 10 / 20 / 30 / 40 years
3. Monthly income for 5 / 10 / 20 / 30 / 40 years

Serial Number-4

Choose your policy term, premium payment term & premium payment frequency

Select the period for which you want to get life insurance protection and the period for which you want to pay the premium.

Serial Number-5

Choose your Premium Payment Frequency

Your premium will be based on your current age, sum assured, lifestyle category (if applicable), policy term, premium payment term and premium payment frequency etc.

Close Button

Age at Entry

Plus Symbol

Minimum age is 18 years

Maximum age is 65 years

For policies sold through POS channel, the minimum & maximum Entry Age will be as per prevailing POS guidelines, as amended from time to time.

 

Age at Maturity

Plus Symbol

Minimum Age at Maturity is 28 years

Maximum Age at Maturity is 85 years

For policies sold through POS channel, the minimum and maximum maturity age at Maturity will be as per prevailing POS guidelines, as amended from time to time.

Policy Term (PT) & Premium Payment Term (PPT)

Plus Symbol

Premium Payment Type

Premium Payment Term

Policy Term

Limited Pay

5

10 to 50

10

15 to 50

15

20 to 50

20

25 to 50

25

30 to 50

Regular Pay

10 to 50

Same as Premium Payment Term

Any policy term between minimum & maximum (both inclusive) are available

Sum Assured

Plus Symbol

Minimum Sum Assured

₹ 25,00,000

Maximum Sum Assured

No limit, subject to Board Approved Underwriting Policy (BAUP) of the company.

For policies sold through POS Channel, the maximum Sum Assured will be as per prevailing POS guidelines, as amended from time to time.

Minimum & Maximum Premium

Plus Symbol

As per Minimum & Maximum Sum Assured

Premium Payment Frequency

Plus Symbol

Yearly, Half yearly, Quarterly and Monthly

 

- Age calculated is age at the last birthday


- The product is available for sale through online mode.


For policies sold through POS channel, the eligibility criteria will be as per prevailing POS guidelines, as amended from time to time.

Close Button
Brochure
Download
Policy Document
Download
Customer Information Sheet
Download
Serial Number-1
Death Benefit (Benefit payable on death of the Life Assured during the policy term)
  • Sum Assured on death will be payable to your nominee.
  • Death benefit will not be less than Guaranteed Death Benefit i.e. 105% of the Total Premiums paid up to the date of death.
  • The policy will terminate immediately & automatically on your death.
Serial Number-2
Maturity Benefit

Sum Assured on Maturity will be paid out on the maturity date. The policy will terminate immediately & automatically on payment of the maturity benefit.

At the inception of the policy, you will have the option to take the Maturity Benefit in instalments.

  • At maturity, 120% of the Maturity Benefit payable (i.e., 120% * Total Premiums paid) shall be paid out in yearly instalments over the next five (5) years.
  • The amount of each instalment will be [120% * Maturity Benefit /5] and will be paid out yearly, starting from the date of maturity.

Note: -
- The option to select Lump-sum Payout or Instalment Payouts is available at inception only & cannot be changed later during the policy term. There is no difference in premium rates in the two options.
- In Instalment Payout, the instalments cannot be taken in any other mode apart from yearly pay-outs

Close Button
  • Overview

  • Key Advantages

  • How this works

  • Eligibility

  • Downloads

  • Policy Benefits

You have always tried your best to fulfil all your responsibilities and take care of your family. However, life is full of uncertainties, and we need to ensure that our families are well provided for.

Presenting Bajaj Allianz Life iSecure II; a non-linked, non-participating, individual, regular/limited premium, pure risk and savings life insurance plan that secures your family’s financial needs.

Close Button

Flexibility to Pay

You can pay premiums throughout the policy term, or for a limited number of years.

Multiple options for policy terms

Choose from multiple policy terms depending on your requirement

Alter premium payment frequency

Premium can be paid in monthly, quarterly, half-yearly and annually.

Tax Benefits~

Tax benefits~ as per prevailing tax laws

Close Button
Serial Number-1

Choose your variant

Variant 1: Life

Variant 2: ROP

Variant 3: Easy

Note: ROP: Return of Premiums

Serial Number-2

Choose your sum assured (Life Cover)

Serial Number-3

Choose your Death Benefit Payment option

Select how your family will receive the Death Benefit in your absence –
1. A one-time lump sum, or
2. Partly as Lump sum & partly as monthly income for 5 / 10 / 20 / 30 / 40 years
3. Monthly income for 5 / 10 / 20 / 30 / 40 years

Serial Number-4

Choose your policy term, premium payment term & premium payment frequency

Select the period for which you want to get life insurance protection and the period for which you want to pay the premium.

Serial Number-5

Choose your Premium Payment Frequency

Your premium will be based on your current age, sum assured, lifestyle category (if applicable), policy term, premium payment term and premium payment frequency etc.

Close Button

Age at Entry

Plus Symbol

Minimum age is 18 years

Maximum age is 65 years

For policies sold through POS channel, the minimum & maximum Entry Age will be as per prevailing POS guidelines, as amended from time to time.

Age at Maturity

Plus Symbol

Minimum Age at Maturity is 28 years

Maximum Age at Maturity is 85 years

For policies sold through POS channel, the minimum and maximum maturity age at Maturity will be as per prevailing POS guidelines, as amended from time to time.

Policy Term (PT) & Premium Payment Term (PPT)

Plus Symbol

Premium Payment Type

Premium Payment Term

Policy Term

Limited Pay

5

10 to 30

10

15 to 30

15

20 to 30

20

25 to 30

25

30

Regular Pay

10 to 30

Same as Premium Payment Term

Any policy term between minimum & maximum (both inclusive) are available

Sum Assured

Plus Symbol

Minimum Sum Assured

₹ 10,00,000

Maximum Sum Assured

₹ 30,00,000

 

Maximum Sum Assured shall be as per the Board Approved Underwriting Policy (BAUP) of the company.

Minimum & Maximum Premium

Plus Symbol

As per Minimum & Maximum Sum Assured

Premium Payment Frequency

Plus Symbol

Yearly, Half yearly, Quarterly and Monthly

 

- Age calculated is age at the last birthday


- The product is available for sale through online mode.


For policies sold through POS channel, the eligibility criteria will be as per prevailing POS guidelines, as amended from time to time.

Close Button
Brochure
Download
Policy Document
Download
Customer Information Sheet
Download
Serial Number-1
Death Benefit (Benefit payable on death of the Life Assured during the policy term)

Sum Assured on death will be payable to your nominee.

Death benefit will not be less than Guaranteed Death Benefit i.e. 105% of the Total Premiums paid up to the date of death.

The policy will terminate immediately & automatically on your death. 

Serial Number-2
Maturity Benefit

Not Applicable

On survival till the end of the policy term. No benefit is payable. 

The policy will be terminated immediately & automatically on the maturity date. 

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Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,21,338 Cr
Assets Under Management (AUM)**
4.09 Cr
Number of Lives Covered#
432%
Solvency Ratio of 432%^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices | $For details refer to press release published by CARE | **All figures as on 31 August 2024 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150% | #Individual & Group.

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Customer Speaks

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I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.
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I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.
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5
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I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.
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5
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I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
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5

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Terms & Conditions

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) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp 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.

Please refer to BALIC privacy policy

Disclaimers:
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Bajaj Allianz Life iSecure II (UIN- 116N208V01)

~~As on 30th November, 2024

~Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy

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Call to Buy

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Terms & Conditions

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) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp 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

 

Please refer to BALIC Privacy Policy

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99.23% Claim Settlement Ratio~
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