Bajaj Allianz launches Term Plans - 'iSecure Loan' & 'iSecure More'

Bajaj Allianz Life Insurance has launched new term plans iSecure Loan and iSecure More. iSecure Loan is a decreasing cover plan to cover all kinds of loan liabilities and iSecure More is an increasing cover plan that provides increasing protection every year without increasing the premiums.

Salient features of Bajaj Allianz iSecure Loan
1. Single and joint life cover available
2. More value for money with high sum assured rebate
3. Limited premium payment term of 2/3rd of your policy term
4. Pay your future premiums in advance and get appropriate discount
5. Flexibility to
a) Select your policy term from 5 years to 25 years depending on the tenure of your loan
b) Choose the loan interest rate as appropriate to you, at the inception of the policy from 5% to 20%
c) Alter your premium payment frequency

Salient features of Bajaj Allianz iSecure More
1. Single and joint life cover available
2. More value for money with high sum assured rebate
3. Flexibility to
a) Select your policy term from 10 years to 25 years
b) Alter your premium payment frequency
c) Pay your future premiums in advance and get appropriate discount
d) Include your spouse at a later date in your existing policy, if you are single at present
e) Choose additional rider benefit(s) for enhanced protection