Frequently Asked Questions-isecure-plan

1. How can you check your claim status with Bajaj Allianz iSecure Plan? The insured can check the claim status online or through phone calls and SMS. The best options, however, is to go to the companys website and check your claim status online in a hassle-free way. 2. How can you reinstate a lapsed policy? Depending on the term and conditions of the policy, a lapsed policy can be reinstated by filling up a declaration of good health and providing the required information with relevant documents. 3. How can you apply for a duplicate copy of your policy? In order to receive a duplicate copy of your policy, the insured needs to fill up a request form and submit it to the nearest branch of the insurance company along with all the required documents. 4. What are the benefits and advantages of Bajaj Allianz iSecure Plan? In the event of policyholders death, the sum assured is payable to the beneficiary in case of single life. If it is a joint life plan, on the death of the first life insured, the sum assured is paid out and the plan continues as long as the second life is alive or till the end of the term, whichever is earlier. Additional sum assured is paid out to the nominee if the second life also dies prior to maturity. The death benefit can be availed in annual installments over a period of 5 or 10 years and the benefits will be equal to 1.04 times the death benefit divided by 60 (for 5 years) and 1.08 times death benefit divided by 120 (for 10 years). Tax benefits can be availed on the claim received and the premium paid according to the sections 10(10D) and 80C of the Income Tax Act. 5. What is the basic sum assured amount offered by the policy? The basic sum assured amount offered by the policy is minimum Rs2Lakhs. There is no maximum limit on the sum assured amount. 6. What is the grace period offered by the policy? A grace period of 30 days is provided by the insurance company to the insured to pay all his dues. In the case of monthly premium, a 15 days grace period is offered. In case he/she fails to pay during this time, the policy terminates and no benefits are payable. 7. What is the minimum and maximum entry age and maturity age of the policy? The entry age of the policy ranges from minimum 18 years to maximum 60 years and the maturity age of the policy ranges from minimum 28 years to maximum 70 years. 8. What is the premium paying frequency offered by the policy? The premium paying frequencies, under this policy, are yearly, half-yearly, quarterly and monthly. Micro-Insurance Business Of Bajaj Allianz Life Expected To Grow Bajaj Allianz Selects Remedinet Technologies to Offer Speedy Cashless Insurance Settlement Health Care Supreme by Bajaj Allianz Insurance Surgical Protection Plan got Recently Introduced by Bajaj Allianz General