Isecure Eligibility

• Minimum Entry Age: 18 years
• Maximum Entry Age : 60 years
• Minimum Sum Assured : Rs.250,000 for general category and Rs.20,00,000 for the categories split by Preferred Non-Smoker1 , Non-Smoker1 & Smoker
• Maximum Sum Assured : No Limit
• Policy Term : 10, 15, 20, 25 & 30 years
• Minimum Maturity Age : 28 years
• Maximum Maturity Age : 70 years

Isecure Benefits

• Tax Benefits

  • Premiums paid are eligible for tax benefits as per Section 80C of the Income Tax Act.
  • Death benefit(s) are eligible for tax benefits as per Section 10 (10D) of the Income Tax Act.

• Death Benefit
  A. Individual Life

  • In case of unfortunate death of life assured during the policy term, provided all premiums are paid up to date, the benefit will be Sum Assured.
  • The policy cover will terminate immediately on death of the life assured.
  • 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 of any one of the life assureds, the term insurance policy will automatically continue on the surviving life assured with a reduced premium. The reduced premium will be based on the age, lifestyle category (if applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the inception of the policy.
  • This term insurance policy cover will terminate immediately on death of the surviving life assured.

Isecure Features

• Term insurance policy gives tax benefits. You receive tax exemption as per 80C and 10(10D)* of the Indian Income Tax Act.
• Get the advantage of a level term insurance cover at low cost, especially for larger sum assured.
• Term insurance companies reward the insured people for maintaining a healthy life-style, if applicable, with special premium rates for non-smokers and medically fit non-smokers.
• Benefit of attractive high sum assured rebate.
• Your nominee will have the option to take the death benefit in equal monthly installments over a period of 5 or 10 years.
• Select your policy term of 10, 15, 20, 25 or 30 years depending on your requirement.
• Alter your term insurance premium payment frequency.
• Include your spouse at a later date in your existing policy, if you are single at present.
• Plan to meet recurring expenses of your loved ones by opting for payment of benefit in annual installments.

Isecure Claim Process

• Visit the nearest branch with all mandatory documents as mentioned in the list.
• On submission of the mandatory documents ,the claim will be intimated in the Bajaj Allianz Life Insurance system by branch personnel
• A bar coded claim form will be generated at the branch which needs to be filled by claimant/nominee/appointee/assignee
• Once all the documents are submitted, the claim will be moved for further processing
• Call our toll free number 1800 - 209 - 7272 for any queries

Isecure Exclusions

• If the life assured or second life assured, in case of joint life policy commits suicide, whether sane or insane, within one (1) year from the date of commencement of risk or the date of latest revival of the policy, the contract of insurance shall be terminated by paying an amount equal to 80% of the premiums paid till the date of death, whether or not any beneficial interest has been created therein.
• The validity of the contract of insurance will be determined in accordance with the actual date of death of the life assured and not the date of intimation of death.