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Bajaj Life · 116N208V03

Bajaj Life iSecure II

Bajaj Life iSecure II (IRDAI UIN 116N208V03) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 85.

Premiums depend on age, cover, city, health and the options you choose. Where the insurer published a premium, the figure shown is for the exact profile stated next to it; your premium will differ. Comparezi does not sell insurance or give advice: check the insurer's prospectus and policy wording, which prevail.

In short

Bajaj Life iSecure II is a term life insurance plan from Bajaj Life. Key specifications: maximum entry age 65 years, maximum maturity age 85 years, death claims settled (insurer) 99.29%. Among term life insurance here it fits best for low minimum cover.

Sample premium ₹13,451 a year*

*For: 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.. Your premium will differ.

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Maximum entry age
65 years
Maximum maturity age
85 years
Death claims settled (insurer)
99.29%

Pros

  • Return-of-premium option available

Who should buy it

  • Best for Low minimum cover · What matters most? (pick any) #6 of 29 term life insurance for this

Full specifications

Eligibility

Minimum entry age 18 years
Maximum entry age 65 years
Maximum maturity age 85 years
Policy term Life: 10 to [85 minus Age at Entry]; ROP: 10 to 50; Easy: 10 to 30 (minimum depends on PPT)
Minimum sum assured ₹10,00,000
Maximum sum assured Life & ROP Variant: No Limit; Easy Variant: Rs. 30,00,000; as per the Board Approved Underwriting Policy (BAUP)

Plan

Plan options Life, ROP, Easy
Premium payment Regular Pay or Limited Pay (5, 10, 15, 20, 25 years); Yearly / Half-yearly / Quarterly / Monthly
Return of premium option Yes
Death benefit payout 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
Riders 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)

Premium

Sample annual premium ₹13,451
Sample premium is for 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.

Insurer

Death claims settled (insurer) 99.29%
Claims figures for 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)
IRDAI UIN 116N208V03

About the iSecure II

Bajaj Life iSecure II (IRDAI UIN 116N208V03) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 85. It is one of 29 term life insurance plans on Comparezi, from Bajaj Life.

Information only. Comparezi does not sell insurance, does not give advice and is not paid by insurers. The policy wording issued by the insurer prevails over this summary.

Eligibility and cover

  • Entry age: 18 to 65 years
  • Maximum maturity age: 85 years
  • Policy term: Life: 10 to [85 minus Age at Entry]; ROP: 10 to 50; Easy: 10 to 30 (minimum depends on PPT)
  • Minimum sum assured: ₹10,00,000
  • Maximum sum assured: Life & ROP Variant: No Limit; Easy Variant: Rs. 30,00,000; as per the Board Approved Underwriting Policy (BAUP)

Plan options

  • Options: Life, ROP, Easy
  • Premium payment: Regular Pay or Limited Pay (5, 10, 15, 20, 25 years); Yearly / Half-yearly / Quarterly / Monthly
  • Return of premium: Covered
  • Death benefit payout: 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
  • Riders: 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)

How it compares on Comparezi

Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, 11 have a longer one and 10 have the same.

Premium

It depends on your age, cover, city and options. Bajaj Life's own published premium table gives ₹13,451 a year for this profile: 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. Your premium will differ; get a quote from the insurer.

About the insurer

Bajaj Life paid 99.29% of individual death claims in FY 2024-25 (by number of claims, computed from IRDAI's published claim counts).

Similar plans from other insurers

Other term life insurance plans from Bajaj Life

Sources

Checked 6 November 2026. Values the documents do not state are left out rather than estimated. See how Comparezi checks data.

Alternatives

Alternatives to the iSecure II

All term life insurance →

Aditya Birla Sun Life

Super Term Plan

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 98.65% Death claims settled (insurer)
Sample premium ₹19,400 a year*

Ageas Federal Life

iSecure Plan

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 98.52% Death claims settled (insurer)
Sample premium ₹14,640 a year*

Bandhan Life

iTerm Prime

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 99.73% Death claims settled (insurer)
Sample premium ₹9,453 a year*

Similar cover

Similar term life insurance plans

Bajaj Life

eTouch II

  • 65 years Maximum entry age
  • 99 years Maximum maturity age
  • 99.29% Death claims settled (insurer)
Sample premium ₹24,359 a year*

Head to head

Compare the iSecure II

Questions

iSecure II FAQs

It depends on your age, cover, city and options. Bajaj Life's own published premium table gives ₹13,451 a year for this profile: 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. Your premium will differ; get a quote from the insurer.

116N208V03. The UIN identifies the exact product version filed with IRDAI; check it on your policy documents.

From 18 years to 65 years; limits can differ by plan option.

Up to age 85 at most; the limit can differ by plan option.

Yes, as an option or variant; the base cover pays only on death.

99.29% of individual death claims were paid in FY 2024-25, by number of claims, computed from IRDAI's published claim counts. It is an insurer-wide figure, not one for this plan.

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).

Data sources

  • Manufacturer official pages

Last updated

Product details

Disclosure

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