iSecure II vs e-Term

Life: 10 to [85 minus Age at Entry]; ROP: 10 to 50; Easy: 10 to 30 (minimum depends on PPT)

Regular Pay: minimum 5 years; maximum for Life & Life Secure: 'Highest of 40 years or 75 Years minus less Age at Entry or 85 Years minus less Age at Entry'; Life Plus: 'Highest of 40 Years or 75 Years minus less Age at Entry'. Limited pay minimum terms: 5 Pay 10, 7 Pay 12, 10 Pay 15, 15 Pay 20, Pay till 60 15 years; Single Pay minimum 5 years

Life & ROP Variant: No Limit; Easy Variant: Rs. 30,00,000; as per the Board Approved Underwriting Policy (BAUP)

No limit, subject to underwriting policy

Life, ROP, Easy

Life, Life Plus, Life Secure

Regular Pay or Limited Pay (5, 10, 15, 20, 25 years); Yearly / Half-yearly / Quarterly / Monthly

Regular Pay (same as policy term), Limited Pay (5, 7, 10, 15 Pay, Pay till 60 with minimum PPT 10 years), Single Pay

Yes

No

One-time lump sum; partly lump sum and partly monthly income for 5/10/20/30/40 years; monthly income for 5/10/20/30/40 years

Immediate (100% lump sum); Level Recurring (10% lump sum plus 6% of SA yearly for 15 years); Increasing Recurring (10% lump sum plus yearly payouts from 6% of SA rising 10% a year for 15 years)

Bajaj Life Accidental Death Benefit Rider (UIN 116B034V02), Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider (UIN 116B036V02), Bajaj Life Family Protect Rider (UIN 116B056V01), Bajaj Life New Critical Illness Benefit Rider (UIN 116B058V01)

Critical Illness Plus rider (107B020V02)

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Life Secure option: waiver of premium on total and permanent disability (not for Single Pay)

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Brochure illustration (Life variant): Ravi, 35 year old non-smoker, Sum Assured Rs 25 lakhs, policy term and premium payment term 50 years, annual premium Rs 13,451 (exclusive of GST). Gender not explicitly stated. NOTE: SA Rs 25 lakh, age 35, 50-year term.

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FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)

FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)