Bajaj Allianz Life Secure
Bajaj Allianz Life Secure Plan is a term insurance plan offered by Bajaj Allianz wherein the insured is provided with the benefit of term insurance plan coverage for the entire life i.e. up to the age of 100 years. goes.
In this term insurance plan you also get additional coverages like accidental death cover, quick critical illness cover and waiver of premium benefits etc. This term insurance plan is for people who want to make their family members financially secure even in their absence. In case of accidental death of the insured during the policy term, the benefit of sum assured is provided by the insurance company to the nominee of the insured.
This term policy is available for a period of 5 years to 15 years and the minimum age to get this policy should be 25 years.
Bajaj Allianz Life Secure Features And Benefits
Bajaj Allianz Life Secure Features and Benefits are as follows-
- Whole Life Cover:
Individuals who want to provide coverage to their entire life through a term insurance plan can go with Bajaj Allianz Life Secure Term Plan. This term plan provides you with coverage of term insurance for whole life i.e. till the age of 100 years.
- Death Benefit:
If the life assured dies before the age of 100 years then the death benefit is provided to the nominee by the life assured. This is a minimum of Rs 20 lakh and no limit has been set for the maximum sum insured.
- Riders:
You also get the option of increasing the coverage in this term insurance plan. You can further enhance the coverage of your term plan by adding riders to this term insurance plan.
In this you get the option to add the following riders-
- Accidental Death Cover
- Accelerated Critical Illness Cover
- Waiver of Premium Benefit
- Premium Discounts:
If you opt for a higher sum assured, you get a discount on the premium to be paid. Thus you can get a discount on your premium payment by opting for a higher sum assured.
- Premium Payment Terms and Mode:
You get four premium payment terms in this term insurance plan. You can choose to pay premiums for 5,7, 10 and 15 years. In this, you get the option of paying premium annually, half-yearly, quarterly and monthly as premium payment mode.
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- Grace Period:
You also get a grace period of 30 days in this term insurance plan. If you are not able to pay the premium on time then you are given an additional time of 30 days within which you have to pay your premium otherwise your policy will lapse.
- Free Look Period:
In this term insurance plan, you are provided with a free look period of 15 days. If you are not satisfied with this policy then you can opt out of this policy within these 15 days. If you exit the policy, the premium paid by you is returned. Certain charges are deducted from the premium.
Bajaj Allianz Life Secure Eligibility
Eligibility for Bajaj Allianz Life Secure Plan is as follows-
| Entry Age | Minimum age- 25 years Maximum age- Coverage Option I & II: 55 years Coverage Option III: 50 years |
| Policy Term | 5, 7, 10 and 15 years |
| Premium Payment Frequency | Yearly, Half Yearly, Quarterly and Monthly |
| Sum Assured | Minimum Sum Assured- 20,00,000 Maximum Sum Assured- No Limit Sum Assured has to be opted in multiples of Rs.50,000 |
Documents Required For Bajaj Allianz Life Secure
The documents required for Bajaj Allianz Life Secure are as follows-
- ID proof
- age proof
- Address proof
- latest picture
Bajaj Allianz Life Secure Premium
In Bajaj Allianz Life Secure plan, you get premium payment terms of 5, 7, 10 and 15 years. You have to pay the premium for the number of years you choose for the policy term.
In this, you get the option of making the premium payment yearly, half-yearly, quarterly and monthly. You can choose any premium payment option as per your affordability.
How To Buy Bajaj Allianz Life Secure?
You can buy Bajaj Allianz Life Secure term insurance plan through both online and offline modes.
To buy through online medium, you have to buy this plan by visiting the official website of Bajaj Allianz. While to buy through offline medium, you can buy this term plan by visiting your nearest Bajaj Allianz branch.