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Bajaj Life Secure Plus

A Non-Participating, Non-Linked, Individual Health Plan

Protection that stands by you during Death, Disability, Terminal and Critical Illnesses
Flexibility to pay premiums as single, limited years, or full policy term
Option to get back your premiums paid as Maturity benefit
Choosebenefit as lump sum, monthly income, or a combination of both

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  • Overview

  • Key Advantages

  • How this works

  • Eligibility

  • Downloads

  • Sample premium

  • Policy Benefits

Life is unpredictable, but your family’s financial security doesn’t have to be. Bajaj Life Secure Plus is a comprehensive plan that shields your loved ones against life’s toughest challenges. It provides protection in case of demise or disability, while also covering critical and terminal illnesses. With personalised coverage that adapts to your needs, Bajaj Life Secure Plus plan ensures that your family is financially secure even when the unexpected happens.

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Protection benefit

Get protection against Death, Disability, Terminal illness and Critical illnesses.

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Plan variants

Two options to choose for -

1. Shield

2. Shield with Return of premium

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Benefit payout options

Option to choose benefits in Lumpsum, Monthly income or combination of both.

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Maturity benefit

Get all your premiums back under Shield with Return of premium variant.

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Accidental Death Benefit

Offers an additional payout if death occurs due to an accident.

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Accidental Disability Benefit

Ensures a lump sum payout if you suffer total permanent disability from an accident.

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Step 1: Select Variant 1 or Variant 2

Step 2: Select one or more covers as per your need

Step 3: Select Sum Assured under each cover option chosen

Step 4: Select the Policy Term and Premium Paying Term

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Age at Entry for Life Assured

MinimumMaximum
18 years

65 years^^

^^Single Pay for TI with TB has maximum entry age of 50 Years

Age at Maturity

MinimumMaximum
Variant 1 (Single Pay): 19 Years
Variant 1 (Regular Pay): 20 Years
Variant 1 (Limited Pay): 21 Years
Variant 2: 28 years
Maximum – 85 years

Policy Term

DescriptionMinimumMaximum
Variant 1: Shield(Other than CI)Single Pay1 year67 years
Regular PayEqual to PPT
Limited PayPPT+ 1 year67 years
Variant 1: Shield (CI)Single Pay1 year30 years
Regular PayEqual to PPT
Limited PayPPT+ 1 year30 years
Variant 2: Shield with ROP (Other than CI)Single Pay10 years67 years
Regular PayEqual to PPT
Limited PayPPT+5 years67 years
Variant 2: Shield with ROP (CI)Single Pay10 years30 years
Regular PayEqual to PPT
Limited PayPPT+5 years30 years

Premium Payment Term

DescriptionMinimumMaximum
Variant 1: Shield (Other than CI)Single Pay1 year
Regular Pay2 years67 years
Limited Pay2 years66 years
Variant 1: Shield (CI)Single Pay1 year
Regular Pay2 years30 years
Limited Pay2 years29 years
Variant 2: Shield with ROP (Other than CI)Single Pay1 year
Regular Pay10 years67 years
Limited Pay5 years62 years
Variant 2: Shield with ROP (CI)Single Pay1 year
Regular Pay10 years30 years
Limited Pay5 years25 years

Premium Payment Frequency

Single, Yearly, Half Yearly, Quarterly, Monthly

Frequency loading

The basic premiums will be derived for yearly premium frequency. The premium for frequencies other than yearly is, then, arrived at by multiplying the yearly premium amount with the frequency factor.

The frequency factors are:

Premium frequencyMonthlyQuarterlyHalf yearlyYearly
Frequency Factor0.08590.25640.50841

Sum Assured

MinimumMaximum
₹ 50,000 for each cover optionNo Limit, subject to the prevailing Board Approved Underwriting Policy of Company

Annualised Premium

As per the chosen Sum Assured, Policy Term, Premium Payment Term and Age of Life Assured.

All ages mentioned above are age as on last birthday The policy is available for sale through online mode.

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Prospectus / Brochure

Download

Policy Document

Download

Customer Information Sheet

Download
  • Variant 1: Shield

  • Variant 2: Shield with ROP

A male customer opts for Bajaj Life Secure Plus, with TI with TB, ADB & ATPD Sum Assured as ₹ 1 Cr. Each.

Age
(years)
PT
(years)
PPT
(years)
TI+TB
(p.a)
ADB
(p.a)
ATPD
(p.a)
Total Premiums Paid
3040Regular Pay₹ 19,596₹ 6,438₹ 4,516₹ 12,22,000
Limited Pay (10 Pay)₹ 46,412₹ 11,069₹ 7,432₹ 6,49,130
35Regular Pay₹ 28,473₹ 6,438₹ 4,516₹ 15,77,080
Limited Pay (10 Pay)₹ 67,432₹ 11,069₹ 7,432₹ 8,59,330
40Regular Pay₹ 43,250₹ 6,438₹ 4,516₹ 21,68,160
Limited Pay (10 Pay)₹ 1,01,768₹ 11,069₹ 7,432₹ 12,02,690

A 5% discount on premium has been provided as the customer has opted for multiple covers.

A male customer opts for Bajaj Life Secure Plus, with TI with TB, ADB & ATPD Sum Assured as ₹ 1 Cr. Each.

Age
(years)
PT
(years)
PPT
(years)
TI+TB
(p.a)
ADB
(p.a)
ATPD
(p.a)
Total Premiums Paid
3040Regular Pay₹ 37,222₹ 9,130₹ 5,612₹ 20,78,560
Limited Pay (10 Pay)₹ 72,481₹ 20,060₹ 15,714₹ 10,82,550
35Regular Pay₹ 52,696₹ 9,080₹ 5,583₹ 26,94,360
Limited Pay (10 Pay)₹ 1,01,138₹ 20,032₹ 15,473₹ 13,66,430
40Regular Pay₹ 76,681₹ 9,030₹ 5,559₹ 36,50,800
Limited Pay (10 Pay)₹ 1,45,412₹ 19,904₹ 15,180₹ 18,04,960

A 5% discount on premium has been provided as the customer has opted for multiple covers.

Maturity Benefit

Variant 1: Shield
No Maturity Benefit will be applicable

Variant 2 : Shield with ROP
Applicable for all covers: Total Premiums Paidunder the Policy , with respect to the unclaimed cover(s) will be paid out on the Maturity Date as the ROP Benefit, provided the policy is in-force and the life assured is alive and the claim with respect to one or more cover(s) has not been paid. The policy will terminate immediately & automatically on payment of the Maturity Benefit. No ROP Benefit will be available for the cover which has already been paid or is in payment.

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Why Bajaj Life Insurance ?

99.33%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1.34 Lakh Cr
Assets Under Management (AUM)**
3.47 Cr
Number of Lives Covered##
266%
Solvency Ratio of 266%^^^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2025-2026, as on 31st March, 2026 | %99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Life Insurance offices. 96% of non - investigative claims notified were processed within one day in FY’25 | $For details refer to press release published by  CARE | ***Asset under management (AUM) ₹1.34 lakh crore as on 31st March, 2026 | ^^^Solvency ratio 266% as at 31st March, 2026 IRDAI mandated 150%.| ##Individual and group, as on 31st March, 2026.

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Customer Speaks

Happy with the services
I have invested in various products of Bajaj Life Insurance - I am happy with the services, returns and diversified product portfolio.
Rashmi Bhavnani
5
Satisfied, Trust
I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Life Insurance Company.
Shrikant A Karande
5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Life Insurance .I have invested in the same and am happy with the returns and services.
Kavita Goplani
5
Very Happy
I am a 7 year old customer of Bajaj Life Insurance and very happy about the services.
Dhruv Soni
5
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Frequently Asked Questions

How soon can I start receiving annuity payments once the policy has started?

It all depends on the frequency of annuity payment you choose. Pension Guarantee has four annuity frequency options – monthly, quarterly, half-yearly and yearly. For instance, if you opt for the monthly option, your annuity starts a month after the policy commences.

After my death, would my spouse continue to receive annuity?

It depends on the annuity option you have opted for. If you choose the joint life last survivor option, then your spouse would continue to receive annuity benefits even after your death. 

Life Insurance Guide

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Discover the importance of solvency ratio for insurance companies and its implications in this insightful video

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Bajaj Life Secure Plus(UIN:116N216V01)

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Terms & Conditions

I hereby authorize Bajaj Life Insurance Limited. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to Bajaj Life Privacy Policy

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Disclaimer

*Conditions Apply – The guaranteed benefits are dependent on the purchase price & annuity option chosen. For more details please refer to sales brochure.
 

Bajaj Life Guaranteed Pension Goal II - A Non-Linked Non-Participating Immediate & Deferred Annuity Plan (UIN: 116N187V01)
 

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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Terms & Conditions

I hereby authorize Bajaj Life Insurance Limited. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to Bajaj Life Privacy Policy

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Claim Settlement Ratio of 99.29%~