Bajaj Allianz launches iSecure range of Protection Plans

Bajaj Allianz Life Insurance has launched a range of term plans under the umbrella of ‘iSecure’ to cater to various protection needs. The iSecure range comprises of a decreasing cover plan – iSecure Loan – to cover all kinds of loan liabilities; an increasing cover plan – iSecure More – that provides increasing protection every year without increasing the premiums. 

Rituraj Bhattacharya, Head-Market Management, Bajaj Allianz Life Insurance said, “We realize that every customer has a different financial objective which drives them to seek financial security. The new iSecure range of products address the need for hassle-free loan protection with a wide range of interest rates, offer enhanced life cover without any extra premium. With the reasonable premiums, we feel that the iSecure range will serve as an affordable medium of financial security for all customer profiles.” 

About Bajaj Allianz iSecure Loan 
Bajaj Allianz iSecure Loan Insurance Plan is a unique loan cover that protects your family from the burden and the worry of any loan repayment in your absence. 

Key Features 

· Benefit of low cost of insurance appropriate to your reducing loan liabilities 

· Single and joint life cover available 

· More value for money with high sum assured rebate 

· Limited premium payment term of 2/3rd of your policy term 

· Flexibility to select your policy term from 5 years to 25 years depending on the tenure of your loan 

· Flexibility to choose the loan interest rate as appropriate to you, at the inception of the policy from 5% to 20% 

· Flexibility to alter your premium payment frequency 

· Pay your future premiums in advance and get appropriate discount 

You can customize the plan to suit your requirement by following the steps below: 

Step 1: Choose between individual or joint life cover 

Step 2: Choose your sum assured(s) (Life Cover) depending on your loan amount 

Step 3: Choose your policy term depending upon your loan tenure. 

Step 4: Choose your loan interest rate 

About Bajaj Allianz iSecure More
Bajaj Allianz iSecure More is an increasing cover term assurance plan that enhances your protection to meet your family’s increasing financial requirements - a plan that helps secure your family more & more as the years go by. 

Key Features
· Benefit from increasing life cover of 5% in sum assured at each policy anniversary, up to a maximum of twice the sum assured at policy inception. 

· Single and joint life cover available 

· More value for money with high sum assured rebate 

· Flexibility to 

o Select your policy term from 10 years to 25 years 

o Alter your premium payment frequency 

o Pay your future premiums in advance and get appropriate discount 

o Include your spouse at a later date in your existing policy, if you are single at present 

o Choose additional rider benefit(s) for enhanced protection 

· Plan for your loved ones’ recurring expenses by opting for disbursement of policy proceeds in annual installments