How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

Does Bajaj Life iSecure Loan cover accidental death?

Yes, the plan provides coverage for accidental death.

Are there any add-ons available with Bajaj Life iSecure Loan?

Yes, optional riders include Accidental Death Benefit, Waiver of Premium, and Accidental Permanent Total/Partial Disability Benefit.

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Term Insurance

Bajaj Life ISecure Loan

Compare Bajaj Life I Secure Loan benefits, exclusions, ratings and related variants in one place.

4.32

Solvency

99.23

ICR

18.38

Growth

58,011.75

AUM

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

4.32

Solvency

99.23

ICR

18.38

Growth

58,011.75

AUM

About

About Bajaj Life I Secure Loan

Bajaj Life iSecure Loan is a non-linked, non-participating life insurance plan designed to cover outstanding loan liabilities in case of the policyholder's demise. This decreasing term plan aligns with the reducing loan balance, ensuring financial security. It offers individual or joint coverage, flexible sum assured, and policy terms matching loan tenure. In case of death, the sum assured for that year is paid. Policyholders can select an interest rate between 5% and 20%, ensuring adequate coverage throughout the loan period.

About Company

About Bajaj Life Insurance Limited

Bajaj Life Insurance is a leading private life insurance company in India, formed as a joint venture between Bajaj Finserv Limited and founded in August 2001 in Pune headquarters. Known for its strong claim settlement ratio and innovative products, the company emphasizes customer-centric solutions with features like flexible premiums, rider options, and online services. Bajaj combines the financial expertise with the trust and legacy of Bajaj Group, making it a preferred choice for long-term financial security. The managing director and CEO of Bajaj Life is Mr Tarun Chugh.

Testimonials

Bajaj Life Insurance Limited Customer Testimonials

Customer feedback and experiences.

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family……always been available to assist with any insurance/claim queries.

Nakul N

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

Inclusions and Exclusions of Bajaj Life Insurance Limited

Surrender Benefit

No surrender benefit is payable under the plan.

Inflation Protection Coverage

The sum assured increases automatically at a predefined rate to counteract inflation.

Premium Payment Customizations

Premium payment term is 2/3rd of the policy term (rounded down in years).
Flexible premium payment frequency (Yearly, Half-Yearly, Quarterly, Monthly)

Maturity Benefit

No maturity benefit shall be payable on survival till the end of the policy term.

Terminal Illness

If diagnosed with a terminal illness during the policy term, the entire sum assured is paid out immediately, even before death, allowing the insured to utilize the funds as needed.

Zero Cost Option

If the policy is foregone before maturity within a specified period, all premiums paid will be refunded.

Total Permanent Disability Payout

In case of permanent total disability due to an accident, all future premiums are waived, ensuring continued coverage.

Surrender Benefit

No surrender benefit is payable under the plan.

Inflation Protection Coverage

The sum assured increases automatically at a predefined rate to counteract inflation.

Premium Payment Customizations

Premium payment term is 2/3rd of the policy term (rounded down in years).
Flexible premium payment frequency (Yearly, Half-Yearly, Quarterly, Monthly)

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Exclusions

Any death due to pre-existing medical conditions that were not disclosed at the time of policy issuance may not be covered.
Death resulting from high-risk activities such as adventure sports, racing, or hazardous occupations may be excluded.
Death due to alcohol or drug consumption beyond prescribed limits may not be covered.
Death occurring while engaging in unlawful acts, riots, or war-like situations is excluded
Death caused by intentional self-harm, whether sane or insane, other than suicide within the suicide clause period, is not covered.

Claim Process

Claim Settlement Process

Steps and flow followed by the insurer.

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How to Buy

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Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

Renewal steps and key points.

FAQs

Frequently Asked Questions

Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.