Bajaj Allianz Isecure More

Bajaj Allianz iSecure More Insurance Plan is an Increasing Term Plan. It is a traditional plan without Bonus facility.

inflation-shield-overview icon
Different Premium Rates
unlimited-e-consultations-overview icon
Free Application Process
earn-and-burn-overview icon
Single Life and Joint Life options available
Compare this plan with other Term Plans
By clicking “Show Premiums”, I authorize MyInsuranceClub to Call/Message & agree to Terms of Use

Key Features

Bajaj Allianz iSecure More Insurance Policy
  • It is a pure Increasing Term Insurance Policy
  • There is an option for advance premium payment
  • You can plan for your loved ones’ recurring expenses by opting for disbursement of policy proceeds in annual instalments
  • There is a rebate for large Sum Assured.
  • The Death Benefit can be taken in instalments for a period of 10 years instead of in a lumpsum
  • There also a discount for advance payment of premiums in a lumpsum
  • There are 3 additional riders available with this plan
  • This policy can be availed for Joint Life also where the spouse can be included at a later date as well
  • This plan has Death Benefit only and no Maturity Benefit
  • The Sum Assured in this plan increases by 5% each year till it become double of the original Sum Assured


Death Benefit

There are 2 possible scenarios:

  • Individual Life- In case the life insured dies within the policy tenure then the prevailing sum assured as on the date of death will be payable as Death Benefit to the nominee and the policy will terminate immediately.
  • Joint Life- If any one of the 2 Joint Life Insured dies within the policy tenure, the prevailing Sum Assured as on the date of death would be paid out and the policy will automatically continue on the life of the other person with a reduced premium. The policy will terminate immediately on death of the second life assured after paying the Sum Assured again.
Income Tax Benefit

Premiums paid under life insurance policy are exempted from tax under Section 80C and the maturity proceeds are exempted from tax under Section 10 (10D) subject to fulfilment of all terms and conditions.



Bajaj Allianz iSecure More offers you the option to cover yourself or to cover yourself, jointly, with your spouse.
You can customize the plan to suit your requirement by following the steps below:

Step 1: Choose between an individual or a joint life cover
Step 2: Choose your sum assured(s) (Life Cover)
Step 3: Choose your policy term & premium payment frequency

Your premium under the plan is based on your current age(s), sum assured(s), policy term and premium payment frequency.
Your life cover under the plan will increase at each policy anniversary by 5% of the original sum assured at inception of the policy.

This increase is restricted such that the life cover is not more than twice the original sum assured at the policy inception.
In case of unfortunate demise, the death benefit payable will be the prevailing sum assured as on date of death.

How it works


Sample illustration of premium for a healthy male of 30, 35 and 40 years opting for a policy tenure of 25 years of Rs 5 lakhs and Rs 10 lakhs Sum Assured respectively.


In this plan premium needs to be paid till the end of the policy tenure. In this plan, the Sum Assured, chosen for at the beginning of the tenure, keeps increasing by 5% every year till it reaches twice the initial amount.
Thus, if the Life Insured dies within the policy tenure, then the Sum Assured is paid out according to the corresponding year of death and the policy terminates. However, if the policyholder lives throughout, then nothing is payable to him on maturity as this is a pure term plan.
There are 3 additional riders that can be attached to this plan as well to enhance benefits.


  Minimum Maximum
Sum Assured (in Rs.) 2,50,000 No Limit
Policy Term (in years) 10 25
Premium Payment Term (in years) Equal to policy term Equal to policy term
Entry Age of Policyholder (in years) 18 60
Age at Maturity (in years) 28 70
Premium (in Rs.) 1,500 for Yearly,
750 for Half-Yearly,
400 for Quarterly  and
150 for Monthly
No Limit
Payment modes Yearly, Half-Yearly, Quarterly and Monthly


angle down iconYou stop paying the premium

If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period. It can however be re-instated the policy within 2 years of lapsation by paying up all due premiums with interest.

angle down iconYou want to surrender the policy

There are no surrender benefits under this term plan.

angle down iconYou want a loan against your policy
  • Loan facility is also not available under this policy.