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Bajaj Allianz iSecure Term Insurance Benefits

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Claim Settlement Ratio98.48%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For11,887 Policies
Presence759 Branches
Total Death Benefit PaidRs. 310.71 Crore

The benefits of Bajaj Allianz iSecure Term Plan are as follows:

  • Death Benefit - The nominee receives a sum assured on the death of the policyholder. The sum assured is the highest of: sum assured, 10 x annualised premium and 105% of total premiums paid. In case of joint life cover, the cover will continue for the surviving member with a lower premium.
  • Surrender Benefit - The benefit is available only for limited premium policies only after the premium payment term. The surrender value payable is the higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).
  • Optional Additional Riders - Accidental Death Benefit Rider, Accidental Permanent Total/ Partial Disability Benefit Rider, and Waiver of Premium Benefit Rider are the three optional riders that the policyholder can avail of by paying an additional premium amount.
  • Tax Benefits - Tax benefits on premium paid are eligible for tax benefits as per Income Tax Act, 1961.

Key Inclusions and Exclusions of the Plan

What's Included

  • Death benefit
  • Survival benefit
  • Accidental Death Benefit Rider (Optional)
  • Accidental Permanent Total/ Partial Disability Benefit Rider (Optional)
  • Waiver of Premium Benefit Rider (Optional)

What's Not Included

  • Suicide or self-inflicted injury
  • Death due to hazardous activities
  • Participation in criminal activities
  • Pre-existing medical conditions
  • Death under the influence of drugs or alcohol

Bajaj Allianz Term Insurance Contact Details

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