Bajaj Life - iSecure More Insurance Plan

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

* Benefit from increasing cover of 5% increase in sum assured at each policy anniversary; upto a maximum of twice the sum
assured at policy inception.
* Benefit from attractive high sum assured rebate.
* Flexibility to
* Select your policy term from 10 years to 25 years depending on your requirement.
* Alter your premium payment frequency.
* Include your spouse at a later date in your existing policy, if you are single at present.
* Plan for your loved ones recurring expenses by opting for disbursement of policy proceeds in annual installments.

Minimum Entry Age - 18 years.
Maximum Entry Age - 60 Years.

Policy Term - 10, 15, 20 & 25 Years.

Minimum Sum Assured - Rs.250000.
Maximum Sum Assured - No Limit.

Within 15 days [thirty (30) days in case this policy is issued under the provisions of IRDA Guidelines on Distance Marketing* of Insurance Products] of the receipt of this policy, you will have the option to review the terms and conditions of the policy and if you disagree to any of the terms & conditions, you will have an option to return the policy stating the reasons for your objections. You shall be entitled to a refund comprising the all premiums (excluding applicable taxes) paid, less the proportionate amount of risk premium & rider risk premiums for the period the life assured was on cover and the expenses incurred by the company on medical examination and stamp duty charges.
* Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products throughmodes other than in person.

If you have failed to make payment of the premium by the due date specified in the schedule, a grace period of 30 days for premium payment frequencies other than monthly and 15 days, for monthly frequency is allowed. If the death of the life assured occurs during the grace period, the death benefit shall be payable under the policy as if the policy was in force for full sum assured after deduction of the outstanding premiums, due as at that date.

If your policy is lapsed due to non-payment of premium, you may revive the policy, subject to the following conditions:
* The application for revival is made within two (2) years from the date first unpaid premium and before the maturity date of
policy;
* The arrears of premiums together with interest, at such rate as the Company may decide from time to time, are paid;
* The policyholder furnishes, at his/her own expense, satisfactory evidence of health of the life assured;
* The revival of the policy may be on terms different from those applicable to the policy before it lapsed/became paid-up, based
on prevailing board approved underwriting norms of the Company framed from time to time;
* The revival will take effect only on it being specifically communicated by the Company to the policyholder;
* The Company may at its sole and absolute discretion refuse to revive the policy, based on its Board approved underwriting
norms framed from time to time.

If the life assured or second life assured, in case of joint life policy commits suicide, whether sane or insane, within one (1) year from the date of commencement of risk or the date of latest revival of the policy, the contract of insurance shall be terminated by paying an amount equal to 80% of the premiums paid till the date of death, whether or not any beneficial interest has been created therein.
The validity of the contract of insurance will be determined in accordance with the actual date of death of the life assured and not the date of intimation of death.