Bajaj Life iSecure II is a non-linked, non-participating, individual, regular/limited premium payment, pure risk and savings life insurance plan that secures your family’s financial needs.
Key Benefits
Flexibility to choose your policy term along with the option to pay premiums for a limited period or throughout the policy term.
Option to get back your Total Premiums Paid as Maturity benefit1
Enhance your protection through our comprehensive riders.
Choose how your nominee will receive the death benefit amount in your absence, as lump sum or monthly income for 5 /10/ 20/ 30 / 40 years or combination of both#
Option to defer premiums by 12 months with Auto Cover Continuance Benefit#
Option to exit your policy once your coverage needs are met and receive your paid premiums back (i.e. Early exit Value2).
Choice of Health Management Services as part of our inbuilt wellness benefit#
1. Maturity Benefit is available with Variant 2 - ROP
2. Early Exit Value is available with Variant 1 - Life
#Available with variant 1- Life and variant 2 - ROP variants
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Parameters |
Eligibility |
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Minimum Entry Age |
18 years |
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Maximum Entry Age |
65 years |
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Minimum Age at Maturity |
28 years |
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Maximum Age at Maturity |
85 years
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Minimum Sum Assured |
Life & ROP Variant: Rs. 25,00,000 Easy Variant: Rs. 10,00,000 |
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Maximum Sum Assured |
Life & ROP Variant: Rs. No Limit Easy Variant: Rs. 30,00,000 Maximum Sum Assured shall be as per the Board Approved Underwriting Policy (BAUP) of the company. |
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Premium Payment Term (PPT) & Policy Term (PT) |
Variant 1 – Life:
Variant 2 – ROP:
Any policy term between minimum & maximum (both inclusive) are Available |
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Minimum & Maximum Premium Amount |
As per Minimum & Maximum Sum Assured |
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Premium Payment Frequency |
Yearly / Half-yearly / Quarterly / Monthly |
All the references to age are Age as on last birthday.
Premium(s) paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein.
Please note that the above-mentioned benefits are as per the current tax rules. Your tax benefits may change if the tax rules are changed. You are requested to consult your tax advisor.
Insurance is a subject matter of solicitation. Sharekhan Ltd. acts solely as a distributor of Life Insurance and does not underwrite risks or process claims. For detailed Insurance Disclaimer and other details, click here.
