Comparison of Select Term Plans for Rs50 lakh Insurer
Online Plans Aviva Life MetLife Aegon Religare Kotak Life ICICI Pru Life IndiaFirst Life Future Generali Offline Plans Aviva Life Kotak Life SBI Life Bharti AXA Life MetLife ICICI Pru Life IDBI Federal Aviva Life Birla Sun Life Max New York Aegon Religare Canara HSBC Bajaj Allianz HDFC Life Star Union Dai-ichi Reliance Life ING Vysya LIC Tata AIG Bharti AXA Life Sahara India
Product
Max Tenure Max Age (yrs) (yrs)
Premium (Rs)
Riders Accidental Death
Critical Illness
Accidental Disability
Premium Waiver
i-Life Met Protect iTerm e-Preferred iProtect Anytime Smart Life
35 35 25 30 30 30 30
70 70 65 70 75 70 68
4,046 5,184 5,350 5,350 5,515 5,838* 8,934
Y N N N Y N Y
N N N N N N N
N N N N N N Y
N N N N N N Y
Life Shield Platinum Preferred Smart Shield Elite Secure Suraksha Plus Pure Protect Termsurance Life Shield Plus High Networth Platinum Protect Level Term Pure Term New Risk Care II Term Assurance Premier Protection Term Plan Term Life Amulya Jeevan Raksha Secure Confident Sahara Kavach
52 30 30 25 35 30 30 30 30 30 30 30 40 30 25 30 30 35 25 25 20
70 70 70 75 70 75 75 65 75 75 75 74 65 65 65 65 75 70 60 60 65
6,342 6,425 7,110 8,548 8,769 9,108 9,225 9,376 9,431 9,431 9,541 1,1030 11,057 11,294 11,550 11,971 12,484 12,650 12,905 13,015 16,005#
Y Y Y N Y N N N N Y N Y Y Y Y Y N N Y N N
Y Y Y N Y N Y Y Y Y N Y Y N N N N N Y N N
Y Y Y N Y N Y Y Y Y N Y N Y Y Y N N Y N N
N N N N N N N Y N N N N N N N Y** N N N N N
Term life plan options for Rs50 lakh sum assured for a 27-year-old non-smoker male based in Mumbai for a policy term of 25 years. *For Rs49 lakh sum assured (max limit); **Waiver of premium rider is in-built with no extra charge; #Policy term is 20 years; Source: Moneylife Research