Bajaj Term Insurance Plan - Top Plans by Bajaj Allianz
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Bajaj Term Insurance

Bajaj Life Term Insurance commenced its operations in 2001 and expanded its presence across the country. It serves ...Read More

99.33%
Claim settlement ratio
27,160.06 cr
Annual Premium
10
Active plans
2.6x
Solvency ratio
🛡️ IRDAI Approved
⭐ 4.6/5 · 939 reviews
✅ 99.33% claim settlement ratio
📊 2.6x solvency ratio
🌐 598 pan-India

What you get with Bajaj Term Insurance

The headline features and policy mechanics, at a glance.

Annual Premium 27,160.06 cr

Affordable premium options starting from entry-level to comprehensive whole-life protection.

99.33% claim settlement ratio

Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.

2.6x solvency ratio

Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.

10 active term plans

Choose from level cover, increasing cover, and return-of-premium variants.

5+ optional riders

Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.

598 pan-India presence

Branch offices and claim service centres across India for easy policy servicing.

Types of Bajaj Term Insurance Plans

Every plan currently being sold by Bajaj Term Insurance, shown side-by-side so you can shortlist quickly.

Most popular
Bajaj Life Superwoman Term Insurance Plan

Bajaj Life Superwoman Term Insurance Plan

‘A woman who takes care of everyone in the family deserves a comprehensive solution that provides her protection.’ Bajaj Life Superwoman Term Insuranc...

Unique Features
  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit
Sum assured Base sum assured- Rs 50 lakhs to Rs 10 crore
Entry age Minimum age- 18 years, Maximum age- 60 years
View plan
Bajaj iSecure More

Bajaj iSecure More

Bajaj iSecure More by Bajaj Life Insurance is an increasing cover term assurance plan. It offers a financial safety net to your loved ones in case of ...

Unique Features
  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate
Sum assured Base sum assured- Rs 2.5 lakh to No limit
Entry age Minimum age- 18 years, Maximum age- 60 years
View plan
Bajaj Life Diabetic Term Plan Sub 8 HbA1c

Bajaj Life Diabetic Term Plan Sub 8 HbA1c

Bajaj Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic individual...

Unique Features
  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion
Sum assured Base sum assured: Rs 25 lakhs to no limit.
Entry age Minimum Age - 30 years Maximum Age - 60 years
View plan
Bajaj Life Smart Protect Goal

Bajaj Life Smart Protect Goal

Bajaj Life Smart Goal Protect is a flexible term insurance plan built for modern financial needs. An economic plan with affordable premium rates, come...

Unique Features
  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants
Sum assured 50 lakh to No limit
Entry age Minimum Age - 18 years Maximum Age - 65 years
View plan
Bajaj Lifestyle Secure

Bajaj Lifestyle Secure

Bajaj Lifestyle Secure is a dual benefit insurance plan that combines life cover with protection against critical and terminal illnesses in one policy...

Unique Features
  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term
Sum assured Base sum assured: Rs 3 lakh to 15 lakh
Entry age Minimum Age - 18 years Maximum Age - 50 years
View plan
Bajaj iSecure Loan

Bajaj iSecure Loan

Bajaj iSecure Loan Term Plan is a protection-focused insurance plan designed to clear your outstanding loan in case of death. It ensures your family d...

Unique Features
  • Protection against loan
  • Joint life cover
  • Rider benefits
Sum assured Base sum assured: Rs 3 lakhs to no limit
Entry age Minimum Age - 18 years Maximum Age - 60 years
View plan

Term Plans Comparison

Side-by-side across the 3 most-bought Bajaj Term Insurance plans on PolicyX.

Bajaj Term Insurance term plan comparison
Feature Bajaj Life Superwoman Term Insurance Plan Bajaj iSecure More Bajaj Life Diabetic Term Plan Sub 8 HbA1c
Plan type Term Plan Term Plan Term Plan
Sum assured Base sum assured- Rs 50 lakhs to Rs 10 crore Base sum assured- Rs 2.5 lakh to No limit Base sum assured: Rs 25 lakhs to no limit.
Entry age Minimum age- 18 years, Maximum age- 60 years Minimum age- 18 years, Maximum age- 60 years Minimum Age - 30 years Maximum Age - 60 years
Top benefits Critical Illness Cover · Free Health Management Services 7 Plan Options · Cover Continuance Benefit Premium Reduction on Renewal · Good Health Premium Discounts

Why Choose PolicyX.com?

Don't just take our word for it — check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti Varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

Frequently asked questions

The 17 most-asked questions about Bajaj Term Insurance, answered.

Death claim due to COVID-19 is covered under all policies of Bajaj Life and shall be processed as per the terms and conditions of the policy.
There are two ways of renewing your policy: online and offline.
In the above situations, you have to submit a proof of title/succession certificate issued by a competent court. In case you have not submitted the proof, the company will hold the money till the proof is submitted and pay interest as directed by the Insurance Regulatory and Development Authority of India.
For the same, you have to visit the official website of the company and log in to your account. There, you can check the details of the plan and claim status as well.
The claim settlement time may vary depending on the complexity of the claim and the availability of required documents, typically within 15 to 30 days from the submission of all necessary documents.
Yes, you can check the claims online from the official website. All you have to do is log in using your credentials and search for the term insurance claim section.
It depends upon the plan you opt for, pre-existing conditions may have certain waiting periods before they are covered under Bajaj term insurance plans.
Bajaj term insurance plans offer the ‘Waiver of Premium Benefit’ rider. If you become disabled due to an accident and are unable to pay the premiums, this rider ensures that your policy remains active and your coverage continues without the burden of premium payments.
Yes, the company offers flexible term insurance plans that can be customized to meet your individual requirements. You can choose optional riders like critical illness cover, accidental disability cover, and waiver of premium benefits to enhance your coverage.
Term insurance premiums up to Rs 1.5 lakh in a year are eligible for tax deduction under Section 80C of the Income Tax Act, 1961. Additionally, any amount received from a term plan is tax-exempt under Section 10 (10D) of the Income Tax Act, 1961. However, these exemptions and deductions are subject to the provisions stated in the Income Tax Act, of 1961.
As per the IRDAI report 2023-24, Bajaj has a claim settlement ratio of 99.23%
Bajaj term insurance plans offer a range of benefits including flexible policy tenure, choice of sum assured, tax benefits, choice of premium payment term, etc.
Both LIC and Bajaj are the best life insurance companies. While Bajaj offers affordable term plans with a number of customization options, LIC is a trusted life insurer with a long history in the insurance market.
Yes, Bajaj is a good insurer to buy a term insurance plan.
You can check the status of your Bajaj plan by visiting their official website.
Yes, you can trust Bajaj Life Insurance. They are trusted name from more than a decade.
You can buy Bajaj term insurance either from PolicyX.com or their official website.

Customer satisfaction

Aggregate ratings from 939 verified PolicyX customers who bought a Bajaj Term Insurance plan.

4.6
out of 5
939 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

Term Insurance Articles

Explore Bajaj Term Insurance

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 19 Jun 2026 · Originally published: 10 Apr 2025

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