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Bajaj Life iSecure II is a term insurance plan designed to provide financial protection to your family if you die during the policy term. It offers three variants: Life, Return of Premium (ROP) and Easy, with different cover limits and maturity benefits. The Life variant focuses on protection, while ROP can return eligible premiums at maturity and Easy offers a lower cover range. Available benefits, payout choices and eligibility depend on the selected variant and the policy terms.
Term Plan
iSecure II gives buyers a choice between straightforward life protection and a return-of-premium option. The Life variant may suit people prioritising a higher sum assured, while ROP is relevant to buyers who value a maturity payout of eligible premiums. The Easy variant has a lower sum-assured limit. Compare the total premiums payable, policy duration, maturity terms and optional riders before choosing; the illustrated premium is not a personalised quote.
Bajaj Allianz Life
Key Insights
Founded
2001
Bajaj Allianz Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.3% CSR, calculated as a 3-year average
Bajaj Allianz Life settles 99.3% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-209-7272
Headquarters: Bajaj Insurance House, Airport Road, Yerawada, Pune – 411006, Maharashtra, India
Provides a death benefit to the eligible claimant if the life assured dies while the policy is in force, subject to the selected cover and policy terms.
The maximum sum assured is subject to the insurer’s underwriting policy.
The ROP variant provides for return of eligible premiums on maturity when the policy conditions are met.
The amount returned and premiums included are governed by the policy wording.
Eligible variants offer choices such as a lump-sum payout or instalments, depending on the option selected and policy conditions.
Confirm the available payout choices for the selected variant.
The eligible Life and ROP variants may allow premium payment to be deferred for up to 12 months while risk cover continues, if all stated conditions are satisfied.
Availability depends on policy conditions, including prior premium-payment history and timing within the premium-paying term.
The eligible Life variant may provide an early-exit value when the policy conditions are satisfied.
Not available under every variant; value and eligibility are subject to policy terms.
An optional rider may provide an additional benefit for covered critical illnesses when the rider’s definitions and claim conditions are met.
Optional; availability, covered conditions, premium and exclusions depend on the rider terms.
An optional rider may provide additional cover for an eligible accidental death.
Subject to the rider wording, eligibility and exclusions.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Bajaj Allianz Life plans and claim process
The plan has Life, Return of Premium (ROP) and Easy variants. Their cover limits, maturity benefits and available features differ.
The official product material lists ₹25 Lakh as the minimum for Life and ROP variants. The Easy variant starts at ₹10 Lakh.
Life and ROP variants have no stated fixed maximum, subject to the insurer’s Board Approved Underwriting Policy. The Easy variant has a maximum sum assured of ₹30 Lakh.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Bajaj Allianz Life website before purchasing.
Official Website
bajajallianzlife.com
Visit the official Bajaj Allianz Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
An optional rider may provide a benefit for qualifying accidental permanent disability, as defined in the rider.
Confirm the covered disability definitions and benefit schedule before purchase.
An optional rider may extend protection through benefits defined in its policy wording.
Optional rider; check current availability and eligibility.
The official product specifications list an entry age of 18–65 years. Eligibility can vary by variant, sales channel and underwriting requirements.
The maximum age at maturity is 85 years, with a stated minimum maturity age of 28 years. Policy-term limits differ by variant and premium-payment option.
The ROP variant provides for return of eligible premiums at maturity, subject to the policy conditions. The standard Life variant does not provide a maturity benefit.
An official illustration lists ₹13,848 per year for a 25-year-old male non-smoker with ₹1 Crore cover and a 40-year policy and premium-payment term. This is an illustrative amount before applicable taxes and extra premium loading, not a guaranteed quote for every applicant.
Optional riders may be available, including critical illness, accidental death, disability and family protection options. Availability, eligibility, premiums and benefits depend on the rider terms.
The policy contains a suicide clause for the specified 12-month period after risk commencement or revival. The amount payable is governed by the applicable policy wording.
Review the current official brochure and policy document on Bajaj Life Insurance’s website before purchasing or relying on a benefit.