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Bajaj Allianz iSecure More Insurance Plan

Eligibility  
Entry Age (years)  
Minimum 18
Maximum 60
Maximum Maturity Age (years) 70
Policy Term (years)  
Minimum 10
Maximum 25
Sum Assured (Rs)  
Minimum 250000
Maximum No limit
Minimum Premium (Rs)  
Yearly 1500
Half-Yearly 750
Quarterly 400
Monthly 150
Premium Payment Frequency Yearly, Half-Yearly, Quarterly, Monthly
Premium Payment Term Equal to Policy term
Premium Factor (multiply with annual premium) Semi Annually: 0.51
Quarterly: 0.26
Monthly: 0.09
Policy Cover Cover keeps increasing @5% every year upto maximum of twice the initial basic Sum Assured.
Other Features  
Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period You are allowed to pay premiums within 30 days from the due date for Yearly, Half yearly and quarterly premium payment modes and 15 days in case of monthly premium payment mode.. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy Reinstatement You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums with interest and undergoing underwriting requirements, if any.
Tax Benefits Section 80C, 10(10D) of the Income Tax Act, 1961 would apply.
Exclusions In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable.
Surrender Value There is no surrender benefit. However, in case of advance premium payment, on death or surrender, discounted advance premiums paid but not yet due will be refunded without any interest.
Customer Service  
Address Bajaj Allianz Life Insurance Company Limited,
G.E. Plaza, Airport Road, Yerawada, Pune - 411 006.
Mail To [email protected]
Call On BSNL/ MTNL: 1800 22 5858; Others: 1800 209 5858
SMS LIFE to 56070
Additions to the Plan  
Available Rider(s) Bajaj Allianz Comprehensive Accidental Protection Benefit (CAP): Death due to accident within 180 days of the accident.
Permanent total/ partial disability as a result of an accident within 180 days of the accident. The rider Sum Assured can be received as a 10 year annuity as well. The annuity payable would be 110% of the benefit.
Waiver of Premium in case of total permanent disability.
Bajaj Allianz Critical Illness Benefit: It covers 11 critical illnesses namely: First Heart Attack, Coronary Artery Disease requiring surgery, Stroke, Cancer, Kidney Failure, Major organ transplantation, Multiple Sclerosis, Aorta Graft Surgery, Primary Pulmonary Arterial Hypertension, Alzheimer's Disease and Paralysis. There is a waiting period of 6 months from inception of the policy to claim the critical illness benefit.
Bajaj Allianz Hospital Cash Benefit: It covers room charges. It pays a Daily cash amount subject to certaim conditions stated in the policy document.
Rider Conditions  
Entry Age (years)  
Minimum 18
Maximum 50
Maximum Maturity Age (years) 65
Rider Term (years)  
Maximum Equal to base policy term
Sum Assured (Rs)  
Minimum Critical illness Benefit rider: 50000
Bajaj Allianz Hospital Cash Benefit: 200 per day
Maximum Permanent Total Disability: Rs 50 lakh and Permanent Partial Disability: Rs 25 lakh
Bajaj Allianz Hospital Cash Benefit: 1000 per day
Rider Premium (Rs) Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the CAP rider for Rs 5 lakh sum assured over a 10 year tenure; the annual CAP rider premium works to Rs 355. Similarly, Critical Illness benefit of 5 lakh for a policy tenure of 10 years costs Rs1350 per annum and Hospital cash benefit is available for Rs 460 per year.