Claim Settlement Ratio of 99.02%~


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Bajaj Allianz iSecure More A Non-Linked Non-Participating Increasing Cover Term Life Insurance Plan

  • Increasing life cover
  • Joint life cover
  • High sum assured rebate
  • Death Benefit payments in instalments
iSecure More increasing term insurance
  • Overview
  • Key Advantage
  • How this works
  • Eligibility
  • Downloads
  • Policy Benefits

iSecure More Increasing Term Insurance Plan - Overview

While every passing day brings us closer to our life goals, we also tend to add newer life goals with each new life stage. Similarly, with passing of time the overall cost of living and life goals tend to increase due to inflation. Hence, it is essential that your financial plan includes current and future life goals, of you and your family, keeping this increasing cost in mind.

Buying a term insurance plan with a fixed life cover is a smart way of securing the future of your family members in your absence. However, a fixed cover term plan may not always be sufficient. Bajaj Allianz iSecure More, a term policy with an increasing life cover, is a smart way of ensuring that dreams and aspirations of your family remain on track.

Life cover increases annually

The sum assured under iSecure More increases 5% at each policy anniversary; subject to maximum of twice the sum assured chosen at policy inception.

Convert to joint life cover

You can include your spouse in the existing policy or at a later stage in case you were single at the time of purchasing the policy.

Rebate on high sum assured

If you opt for a high sum assured of ₹ 5,00,000 and above, iSecure More offers attractive rebates in premium.

Multiple Option for policy terms

Opt for one of the four policy terms 10, 15, 20 and 25 years depending on your needs.

Alter premium payment frequency

Premium can be paid in monthly, quarterly, half-yearly and annually. You can change the premium payment frequency on any policy anniversary.

Receive payouts in instalments

The nominee can opt to receive the death benefit payout in equal monthly instalments for five or ten years.

Tax benefits

Premiums are eligible for tax benefits under Section 80C and death benefits are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act, subject to provision stated therein.

Option to enhance your coverage with rider benefits

Option to choose among three rider options to expand the coverage at a nominal extra cost.

  1. 1

    Choose between individual or joint life cover

    Bajaj Allianz iSecure More offers you the option to cover yourself or to cover yourself, jointly, with your spouse. You can customize the plan to suit your requirement by following the steps below:

  2. `
  3. 2

    Choose your Sum Assured(s) (Life Cover)

  4. `
  5. 3

    Choose your policy term & premium payment frequency

    (Your premium under the plan is based on your current age(s), sum assured(s), policy term and premium payment frequency.)

    Your life cover under the plan will increase at each policy anniversary by 5% of the original sum assured at inception of the policy. This increase is restricted such that the life cover is not more than twice the original sum assured at the policy inception.

    In case of unfortunate demise, the death benefit payable will be the prevailing sum assured as on date of death

  6. `

Entry Age

Minimum Entry Age 

18 years

Maximum Entry Age

60 years

Maturity Age

Minimum Maturity Age

 28 years

Maximum Maturity Age

70 years

Policy Term

10, 15, 20 & 25 years

Minimum Installment Premium






Premium ₹





* For monthly installment, three (3) installments need to be paid at the inception of the policy.

Sum Assured

Minimum Sum Assured


Maximum Sum Assured

No Limit

Death Benefit

Individual Life

  • In case of unfortunate death of life assured during the policy term, provided all premiums are paid up to date, the benefit Sum Assured on Death$
  • The policy cover will terminate immediately on death of the life assured.

Joint Life

  • The death benefit is payable on death of each life, provided the policy is in-force. The benefit payable will be Sum Assured on Death$
  • 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, policy term and, premium payment frequency the surviving life assured as at the inception of the policy and the sum assured with respect to the surviving life under the policy.
  • The policy cover will terminate immediately on death of the surviving life assured.

$Sum Assured on Death is defined as the higher of (a) 10 times Annualised Premium*, (b) 105% of total premiums paid* till date of death, (c) Prevailing Sum Assured

*Annualised Premium is the total premium/s payable in a policy year. The annualized premium is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, extra premium, and Total Premiums paid shall be the total of all premiums received, exclusive of taxes, and extra premium if any. Please note that Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws will be collected over and above the premium under the policy.

Maturity Benefit

No maturity benefit shall be payable on survival till the end of the policy term.

Rider Benefit

You have the option to enhance your coverage with optional rider benefits. The riders currently available with Bajaj Allianz iSecure More are:

Sr. No.




Bajaj Allianz Accidental Death Benefit Rider 

UIN: 116B034V02


Bajaj Allianz Accidental Permanent Total/ Partial Disability Benefit Rider

UIN: 116B036V02


Bajaj Allianz Waiver of Premium Benefit Rider

UIN: 116B031V02

The riders can only be taken at inception of the policy. In case of joint life the rider can be opted individually or jointly by the lives assured. For Joint Life, in case of accidental death of the first life an additional accidental death benefit shall be payable and the rider (along with the base policy) will continue on life of the surviving Life Assured. In case of non – accidental death of the first life the rider (along with the base policy) will continue on life of the surviving life assured.

Please refer to respective rider sales literature or visit Company website or consult your “Insurance Consultant” for more details and eligibility conditions.

Tax Benefits

Premium paid are eligible for tax benefits under section 80C of the Income Tax Act and death benefit is eligible for tax benefit under Section 10( 10D) of the Income Tax Act, subject to the provision stated therein.

Term insurance benefits - save on income tax

How To Save Income Tax By Investing In Term Life Insurance Plan

Term insurance riders - know all about them

Term Life Insurance Policy Riders: Why They Matter


⭐ What is the Sum Assured under this plan?

The minimum Sum Assured in Bajaj Allianz iSecure More is ` 2,50,000, and there is no upper limit for maximum Sum Assured. This is a key advantage of iSecure More term plan where there is  increase in the Sum Assured by 5% at each policy anniversary; subject to maximum of twice the sum assured chosen at policy inception.

⭐ Can the policyholder (first Life Assured) add his/her spouse in the existing policy if he/she was unmarried at the time of purchasing the policy?

Yes, you can add your spouse in the existing policy in case you were not married at the time of policy purchase. However, if you were already married at the time of purchasing the policy, you do not have the option of adding your spouse in the existing policy.

⭐ Under the joint life option can the policyholder (first Life Assured) and the second Life Assured, choose different sum assured?

Yes, the second life assured can opt for a sum assured less than or equal to the first life’s sum assured, subject to the minimum sum assured under the plan.

Life Insurance Glossary

Annualised Premium

“Annualised Premium” means the total amount of Regular Premiums payable in a Policy Year, after due consideration of applicable premium factors for various Premium Payment Frequency. (In this calculation, any extra premium, Rider Premium or applicable taxes are excluded.

Grace Period

“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency and thirty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment.

Life Assured

“Claimant” means the Life Assured (if alive) or Policyholder (if different from the Life Assured) or the assignee or the Nominee or the legal heirs of Policyholder/Nominee(s) to whom the Policy Benefit will be payable.

Maturity Date

“Maturity Date” means the date specified in the Schedule on which the Maturity Benefit as per policy document shall become payable to the Policyholder


“Nominee” means the person who has been nominated in writing to the Company by the Policyholder, who is entitled to receive the Death Benefits under the Policy as mentioned in Policy Document.

Paid-up Sum Assured on Death

“Paid-up Sum Assured on Death” is the reduced value of the Sum Assured on Death arrived at by multiplying the Sum Assured on Death with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy.

Paid-up Sum Assured

“Paid-up Sum Assured” is the reduced value of the Sum Assured arrived at by multiplying the Sum Assured with the proportion of the number of Regular Premiums paid to the total number of Regular Premiums payable under the Policy

Paid up Sum Assured on Maturity 

If the Regular Premiums due for first three (3) Policy Years are paid and subsequent Regular Premiums are not paid, the Policy will, immediately and automatically, be converted to a paid-up Policy on the expiry of the Grace Period as per the conditions stated in the policy document.


“Policyholder” means the adult person named in the Schedule who has concluded the Policy with the Company

Rider Benefit

“Rider Benefit” means the benefit payable under the Rider on the happening of the contingent event covered under the Rider. For more details, refer to the Policy Document

Rider Life Assured

“Rider Life Assured” means the person named as the Rider Life Assured in the Schedule whose life is assured under this Rider

Rider Premium

“Rider Premium” means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Rider Premium Paying Term, in amount (along with and as part of the Regular Premium) and at the Premium Payment Frequency.

Rider Premium Paying Term

“Rider Premium Paying Term” means the period specified in the Schedule during which the Rider Premium is payable.

Rider Term

"Rider Term” means the period between the Date of Commencement of Rider and the Rider Maturity Date, as mentioned in the Schedule

Sum Assured on Maturity

"Sum Assured on Maturity” is the amount as specified in the Schedule under the Policy Document

Sum Assured

“Sum Assured” is the amount as specified in the Schedule under the Policy.

Surrender Benefit

“Surrender Benefit” means the benefit, if any, payable on the surrender of the Policy. The details are as given in Policy Document

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  • #1Top Riser Brand Amongst ‘Top 75' most valuable Indian Brands 20221
  • One of the most Trusted Brand2
  • Claims Settlement Ratio 99.02%~
  • 1 Day Claim Approval7
  • Solvency ratio of 581%^
  • AAA (IS):Stable Rating by CARE$
  • Claim deposits via electronic transfer to make process faster
  • ` 85,623 Crore Total Assets Under Management (AUM)**
  • 2.87 Crore number of lives covered#
  • Our Priority is not to sell Life Insurance, it is to serve you in the fastest & most convenient manner when you need us.

~Individual Claims Settlement Ratio for FY 2021-2022

**All figures as on 31 March 2022

^Solvency ratio 581% as at 31 March 2022 against IRDAI mandated 150%

#Individual & Group

1Report published by Kantar BrandZ India 2022

2Survey conducted by brand equity – Nielsen in March 2020

795.49% of non-investigative individual claims approved in one working day for FY 2021-22. 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

"What are your life goals?" is one of the most common questions that comes to one's mind while taking any step further in Life. Most just answer it by laughing it off or saying we will think about it.

A key reason that they feel this way is that they haven't spent enough time thinking about what they want from their life, and haven't set themselves any goals.

Goals keep changing as per different life stages and one has to plan meticulously for their future.

Deciding your Life Goal is all about planning to "Live your life, your way". There could be various Life Goals such as trotting the globe, becoming a food blogger to starting your own business, owning your dream house, or planning your Childs education or marriage.

L"IF"E is full of IF's... and one needs to plan to secure their loved ones and themselves against the Ifs of Life. When you opt for a life insurance plan, you transfer your family's financial risks in case of any unfortunate event to the life insurer. This allows you and your loved ones to live life fearlessly. Life Insurance protects your family's financial wellbeing from the consequences of living without an income.

When you purchase a life insurance policy, one of your major life goal gets fulfilled i.e. you purchase a sense of security. A safety net that cushions your family members from the financial impact of your sudden absence and ensures that any outstanding debts that were incurred during your lifetime don't fall upon your loved ones.

Having life goals is an important aspect in each one's life. One needs to be SMART and plan out well in advance to ensure nothing goes wrong in the future. Life insurance offers a range of products that could come in handy for meeting your financial goals.

To ensure that it is not too late, get your #LifeGoals insured with us today! It will help you smile in the face of tomorrow's uncertainties and let you live a worry free life!