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The right term plan to secure your family's future.

Get your spouse an option of 'better half' benefit that provides an additional life cover for them when you are not around, ensuring complete security for the entire family. This time, don't just commit to them for life...Go beyond that.

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Life Insurance

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Life Insurance

Secure your family’s financial future at an affordable cost with Bajaj Allianz iSecure plan

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Life Insurance Plans

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Life insurance is commonly known as life assurance. It is an agreement between the consumer and the insurer, where the insurance company offers financial protection or coverage to your family so that they can continue to lead a stable life even in your absence. The payment regarding terminal illness and critical illness depends upon the normsof the insurer. The consumer pays a specified premium amount inlump sum or at regular intervals. Here, your life cover premium depends upon various factors such as age, gender and health condition.

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Life Insurance Plans

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Benefits of Life Insurance

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Peace of mind

It guarantees that a sum assured will be paid by the life insurer to meet future goals of the policyholder or family, in case of any unfortunate event such as death and critical illness.

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Tax benefits

Under Section 10(10D) of the Income Tax Act in India, the maturity benefits offered by life insurance policies are eligible for tax benefits and under Section 80C, the premiums paid on life insurance policy also get tax deductions.

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Accomplish your goals

It is a systematic investment where you pay the life insurance premium when due and the life insurance company allocates it against your name. You just need to pay your premium on time and slowly your life insurance policy helps you to increase your corpus

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Retirement Planning

The life insurance policy helps build up a corpus for retirement and also provides life insurance cover at the same time with a range of payout options - lump sum payment, annuities, and monthly payments

Types of Life Insurance

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Pension Plan

Retirement is an inescapable period of life. Would you want to be dependent on others for your living at the old age? If not, then you should plan for your retirement today itself.

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Child Plan

It is very important for every parent to plan for their children's future in time. They want their dreams to be nurtured fruitfully even if we're not around

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Term Plan

Insurance Only - The simplest and cheapest form of insurance that is designed to offer financial protection for a specified tenure, say 15 or 20 years

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Endowment Policy

Insurance + investment (equities and debt) – Some part of the premium is allocated towards the sum assured and the remaining portion of the premium gets invested in asset markets.

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ULIP Plan

In ULIP, a portion of the premium goes towards providing the life cover, while the residual portion is invested in equities and debts.

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Money Back Plan

It offers periodical payment of partial survival benefits during the tenure of the policy as long as the policyholder is alive.

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Whole Life Insurance

Offering the dual benefit of insurance and investment, whole life insurance plans offer insurance cover for the whole life of the person or up to 100 years whichever is earlier.

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Group Insurance

Life offers various group life insurance policies that help employers/trusts with meeting their employee benefit liability obligations in a simple , efficient and cost effective manner.

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Documents Required To Buy Life Insurance

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Age Proof --> Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter ID, etc.(Any one)

Identity Proof --> Driving License, Passport, Voter ID, PAN Card, Aadhar Card, which proves ones citizenship

Address Proof --> Electricity Bill, Telephone Bill, Ration Card, Driving License, Passport, should clearly mention the permanent address

Income Proof --> income proof specifying the income of the person buying the insurance

Proposal Form --> duly filled in proposal form is required

Medical Tests --> Some companies may require medical check-up in order to make sure that the insured does not suffer from any chronic illness.

How much Term Insurance cover do I need?

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Every policyholder should review his plan's features on a regular basis so that it is coherent with the current needs. The amount of life insurance that you need depends on various factors such as marital status, earning power of the person, age in the family. The requirement of having an insurance plan changes every few years due to increment in responsibilities

So, you should keep these points in mind while deciding Insurance cover

Immediate financial expenses that your family may require upon your immediate death.

Immediate financial expenses that your family may require upon your immediate death.

Immediate financial expenses that your family may require upon your immediate death.

Immediate financial expenses that your family may require upon your immediate death.

Concepts & FAQ's Life Insurance Plans

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What is life insurance?
Life insurance is a contract between an insurance company and the insured whereby the company guarantees payment of an agreed amount (called death benefit) to the named nominee if something untoward happens during the policy period or at the end of the policy, termed as maturity. The insured needs to pay regular premiums to the insurance company for the policy to be valid.
Why is life insurance important?
If you buy life insurance, you are doing it for the financial security of your family, which relies on you, and to get multiple benefits such as tax exemption and planning for your child’s higher education.
How do I process a life insurance claim?
In general, beneficiaries and insured persons can make a life insurance claim in either of the two following cases: (a) if something untoward happens to the person for whom the insurance policy has been taken, and (b) the policy matures. You need to inform the insurer, fill in the relevant forms, and submit the documents requested.
What is premium?
It is the money that the policy buyer pays the insurance company on a regular basis (monthly, twice a year, or annually) in lieu of the guarantee of the death benefit
What if the premium is not paid?
If premium remains unpaid one month after the due date (that is the ‘grace period’), the policy will lapse. In that case you, as the insured, will have wasted all the premiums you have paid in previous years. Additionally, your beneficiary will also not receive a pay out as the policy will be deemed ‘lapsed’.
Can I create wealth from life insurance?
Absolutely! But for that, look for a policy with maturity benefits. Most people are unaware of the additional benefits apart from the death and disability benefits. So, check out the various types of life protection plans.
Does life insurance not cover any particular type of deaths?
Claims of death due to drunken driving, accidents while inebriated, self-inflicted wounds, murder, death in a war or known violent area, dangerous hobbies like skydiving, and death due to sexually-transmitted diseases are not entertained.

All Insurance Company List

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  • 1. Edelweiss Tokio Life Insurance Company Limited
  • 2. HDFC Life Insurance Co. Ltd
  • 3. Max Life Insurance Co. Ltd.
  • 4. ICICI Prudential Life Insurance Co. Ltd
  • 5. Kotak Mahindra Life Insurance Co. Ltd
  • 6. TATA AIA Life Insurance Co. Ltd.
  • 7. Aditya Birla SunLife Insurance Co. Ltd.
  • 8. SBI Life Insurance Co. Ltd.
  • 9. Exide Life Insurance Co. Ltd.
  • 10. Bajaj Allianz Life Insurance Co. Ltd.
  • 11. PNB MetLife India Insurance Co. Ltd,
  • 12. Reliance Nippon Life Insurance Company Limited,
  • 13. Aviva Life Insurance Company India Ltd.
  • 14. Sahara India Life Insurance Co. Ltd.
  • 15. Bharti AXA Life Insurance Company Ltd
  • 16. Future Generali India Life Insurance Company Ltd.
  • 17. IDBI Federal Life Insurance Company Limited
  • 18. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited,
  • 19. Aegon Life Insurance Company Limited,
  • 20. DHFL Pramerica Life Insurance Co. Ltd.
  • 21. Star Union Dai-Ichi Life Insurance Co. Ltd.
  • 22. IndiaFirst Life Insurance Company Ltd.

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