Term Plan Insurance: Aegon Religare Level Term Plan vis-à-vis DLF U-Protect

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Level term plan is the term insurance plan of AEGON Religare.

U-Protect is the term insurance plan of DLF Pramerica.

Age Eligibility:

For AEGON Religare level term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Level term plan maximum maturity age is 75 years.

For DLF Pramerica U-Protect, person aged between 18 years to 55 years can buy the term insurance plan. DLF U-Protect plan maximum maturity age is 65 years.

Life Cover:

The minimum life cover that can be opted with AEGON Religare level term insurance is Rs 5 lacs. For DLF U-Protect Life, minimum cover is Rs 25 lacs. The maximum cover in AEGON Religare level term insurance and DLF U-Protect is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for Level term plan is from 10 years to 30 years. The policy term for DLF U-Protect is from 10 years to 30 years.

Riders:

AEGON Religare level term plan has accidental death, dismemberment and disability rider, critical illness rider.

DLF U-Protect has Accidental death benefit and critical illness rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, AEGON Religare level term plan can be reinstated within 2 years and DLF U-Protect within 3 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for AEGON Religare is 46% whereas for DLF Pramerica, claim settlement ratio is 16% (Q2, 2011).  The 16% claim settlement should not be broad parameter for taking decision since DLF is new insurer and claim settlement is not a true reflection of insurer in initial years.

End Note:

Both Aegon Religare level term and DLF U-Protect are good term life insurance plan which pays lump sum amount on death of life insured. Riders are also available with them which can be attached to increase financial security.

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Term Plan Insurance: Aegon Religare Level Term Plan vis-à-vis LIC Amulya Jeevan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Level term plan is the term insurance plan of AEGON Religare.

Amulya Jeevan is the term insurance plan of Life Insurance Corporation of India.

Age Eligibility:

For AEGON Religare level term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Level term plan maximum maturity age is 75 years.

For LIC Amulya Jeevan, person aged between 18 years to 60 years can buy the term insurance plan. Amulya Jeevan plan maximum maturity age is 70 years.

Life Cover:

The minimum life cover that can be opted with AEGON Religare level term is Rs 5 lacs and for LIC Amulya Jeevan, minimum cover is Rs 25 lacs.  The maximum cover in AEGON Religare level term and in LIC Amulya Jeevan, the maximum cover is unlimited as long as it is approved by insurer’s underwriter.  The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for Level term plan is from 10 years to 30 years. The policy term for Amulya Jeevan is from 5 years to 35 years.

Riders:

AEGON Religare level term plan has accidental death, dismemberment and disability rider, critical illness rider.

There are no riders available with LIC Amulya Jeevan.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, AEGON Religare level term plan can be reinstated within 2 years and LIC Amulya Jeevan within 5 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for AEGON Religare is 46% whereas for Life Insurance Corporation of India, claim settlement ratio is 77%.

End Note:

Aegon Religare level term plan is a regular term life insurance plan which pays lump sum amount on death of life insured. Riders are also available with it. LIC Amulya Jeevan is a good plan which has minimum life cover of Rs 25 lacs and has long policy terms available. However there are no riders available with LIC Amulya Jeevan.

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Term Plan Insurance:  Aegon Religare Level Term Plan vis-à-vis SUD Life Premier Protection Plan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Level term plan is the term insurance plan of AEGON Religare.

Premier Protection is the term insurance plan of Star Union Da-ichi Life Insurance.

Age Eligibility:

For AEGON Religare level term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Level term plan maximum maturity age is 75 years.

For SUD Premier Protection plan, person aged between 18 years to 60 years can buy the term insurance plan. SUD Premier Protection plan maximum age at maturity is 65 years.

Life Cover:

The minimum life cover that can be opted with AEGON Religare level term is Rs 5 lacs and for SUD Premier Protection, minimum cover is Rs 25 lacs.  The maximum cover in AEGON Religare level term insurance and SUD Premier Protection is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for Level term plan is from 10 years to 30 years. The policy term for SUD Premier Protection is from 5 years to 25 years.

Riders:

AEGON Religare level term plan has accidental death, dismemberment and disability rider, critical illness rider.

SUD Premier Protection has Accidental death and total and permanent disability rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, AEGON Religare level term plan can be reinstated within 2 years and SUD Premier Protection within 3 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for AEGON Religare is 46% whereas for Star Union Dai-ichi, claim settlement ratio is 57%.

End Note:

Both Aegon Religare level term plan and SUD Premier Protection are good term insurance plans which are suitable for individuals looking for particular Sum Assured. Riders can be added with both plans by paying additional premium to increase financial security.

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Term Plan Insurance:  Aegon Religare Level Term vis-à-vis BSLI Protector Plus

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Level term plan is the term insurance plan of AEGON Religare.

Protector Plus is the term insurance plan of Birla Sun Life Insurance.

Age Eligibility:

For AEGON Religare level term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Level term plan maximum maturity age is 75 years.

For BSLI Protector Plus, person aged between 18 years to 65 years can buy the term insurance plan. Protector Plus plan maximum maturity age is 75 years.

Life Cover:

The minimum life cover that can be opted with AEGON Religare level term is Rs 5 lacs. For BSLI Protector Plus, minimum cover is Rs 50 lacs. The maximum cover in AEGON Religare level term insurance and BSLI Protector Plus is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for Level term plan is from 10 years to 30 years. The policy term for Protector Plus is from 5 years to 30 years.

Riders:

AEGON Religare level term plan has accidental death, dismemberment and disability rider, critical illness rider.

BSLI Protector Plus has Accidental death and disability, Critical illness, Surgical care, Hospital care and waiver of premium riders which can be added to the base policy.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, both AEGON Religare level term plan and BSLI Protector Plus can be reinstated within 2 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for AEGON Religare is 46% whereas for Birla Sun Life, claim settlement ratio is 82%.

End Note:

Aegon Religare level term plan is a regular term life insurance plan which pays lump sum amount on death of life insured. Riders are also available with it. BSLI Protector Plus is also a good term plan. The cover begins from Rs 50 lacs and you can add riders by paying a bit more premium. Both level and increasing Sum Assured options are available with BSLI Protector Plus.

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Term Plan Insurance:  Aegon Religare Level Term Plan vis-à-vis Bajaj Allianz New Risk Care II Plan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Level term plan is the term insurance plan of AEGON Religare.

New Risk Care II plan is the term insurance plan of Bajaj Allianz.

Age Eligibility:

For AEGON Religare level term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Level term plan maximum maturity age is 75 years.

For Bajaj Allianz New Risk Care II, person aged between 18 years to 60 years can buy the term insurance plan. Bajaj Allianz New Risk Care II term plan maximum maturity age is 65 years.

Life Cover:

The minimum life cover that can be opted with AEGON Religare level term is Rs 5 lacs and for Bajaj Allianz New Risk Care II, the minimum cover is Rs 2 lacs.  The maximum cover in AEGON Religare level term insurance and Bajaj Allianz New Risk Care II plan insurance is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for Level term plan is from 10 years to 30 years. The policy term available with Bajaj Allianz New Risk Care II plan is from 5 years to 40 years.

Riders:

AEGON Religare level term plan has accidental death, dismemberment and disability rider, critical illness rider.

Bajaj Allianz New Risk Care II term plan has Comprehensive accident protection, critical illness and hospital cash benefit rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, both AEGON Religare level term plan and Bajaj Allianz New Risk Care II can be reinstated within 2 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for AEGON Religare is 46% whereas for Bajaj Allianz, claim settlement ratio is 74%.

End Note:

Aegon Religare level term plan is a regular term life insurance plan which pays lump sum amount on death of life insured. Riders are also available with it. Bajaj Allianz is also a very good term insurance plan which provides you the option of adding any of the 3 riders available with it by paying additional premium.

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Term Plan Insurance:  BSLI Protector Plan vis-à-vis Aegon Religare Increasing Term Plan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Protector is the term insurance plan of Birla Sun Life.

Increasing term plan is the term insurance plan of AEGON Religare.

Age Eligibility:

For Birla Sun Life Protector Plan, person aged between 18 years to 65 years can buy the term insurance plan. Birla Protector Plan maximum maturity age is 75 years.

For AEGON Religare Increasing term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Increasing term plan maximum maturity age is 75 years.

Life Cover:

The minimum life cover that can be opted with both Birla Protector and AEGON Religare Increasing term insurance is Rs 5 lacs. The maximum cover Birla Sun Life Protector Plan and AEGON Religare Increasing term insurance plan is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term available with Birla Sun Life Protector Plan is from 5 years to 30 years. The policy term for increasing term plan is from 10 years to 30 years.

Riders:

Birla Sun Life Protector Plan has Accidental death and disability, critical illness, surgical care, hospital care and waiver of premium rider.

AEGON Religare Increasing term plan has accidental death, dismemberment and disability rider, critical illness rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes. The premium for females is bit lower.

Reinstatement:

On policy lapse, both Birla Sun Life Protector Plan and AEGON Religare Increasing term plan can be reinstated within 2 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for Birla Sun Life insurance is 82% whereas for AEGON Religare, claim settlement ratio is 46%.

End Note:

BSLI Protector offers two variants to choose from- level cover and increasing cover. It also has variety of riders which can be added by paying additional premium. However there is cap on maximum life cover which is Rs 49.99 lacs.

Aegon Religare Increasing term plan as the name suggests increases the life cover opted by 5% every year. Riders are also available with the plan.

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Term Plan Insurance:  BSLI Protector Plan vis-à-vis Aegon Religare Decreasing Term Plan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Protector is the term insurance plan of Birla Sun Life.

Decreasing term plan is the term insurance plan of AEGON Religare.

Age Eligibility:

For Birla Sun Life Protector Plan, person aged between 18 years to 65 years can buy the term insurance plan. Birla Protector Plan maximum maturity age is 75 years.

For AEGON Religare Decreasing term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Decreasing term plan maximum maturity age is 75 years.

Life Cover:

The minimum life cover that can be opted with both Birla Protector and AEGON Religare Decreasing term insurance is Rs 5 lacs. The maximum cover Birla Sun Life Protector Plan and AEGON Religare Decreasing term plan is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term available with Birla Sun Life Protector Plan is from 5 years to 30 years. The policy term for decreasing term plan is from 10 years to 20 years.

Riders:

Birla Sun Life Protector Plan has Accidental death and disability, critical illness, surgical care, hospital care and waiver of premium rider.

AEGON Religare decreasing term plan has no riders.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes. The premium for females is bit lower.

Reinstatement:

On policy lapse, both Birla Sun Life Protector Plan and AEGON Religare decreasing term plan can be reinstated within 2 years from the date of unpaid premium.  All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for Birla Sun Life insurance is 82% whereas for AEGON Religare, claim settlement ratio is 46%.

End Note:

BSLI Protector offers two variants to choose from- level cover and increasing cover. It also has variety of riders which can be added by paying additional premium. However there is cap on maximum life cover which is Rs 49.99 lacs. AEGON Religare decreasing plan is targeted for people who have loan liability. This plan keeps reducing Sum Assured by 5% every year.

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Term Plan Insurance:  Aegon Religare Level Term Plan vis-à-vis BSLI Protector Plan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Level term plan is the term insurance plan of AEGON Religare.

Protector is the term insurance plan of Birla Sun Life.

Age Eligibility:

For AEGON Religare level term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Level term plan maximum maturity age is 75 years.

For Birla Sun Life Protector Plan, person aged between 18 years to 65 years can buy the term insurance plan. Birla Protector Plan maximum maturity age is 75 years.

Life Cover:

The minimum life cover that can be opted with both AEGON Religare level term and BSLI Protector Plan is Rs 5 lacs.  The maximum cover in AEGON Religare level term insurance and BSLI Protector Plan is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for Level term plan is from 10 years to 30 years. The policy term available with Birla Sun Life Protector Plan is from 5 years to 30 years.

Riders:

AEGON Religare level term plan has accidental death, dismemberment and disability rider, critical illness rider.

Birla Sun Life Protector Plan has Accidental death and disability, critical illness, surgical care, hospital care and waiver of premium rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes. 

Reinstatement:

On policy lapse, both AEGON Religare level term plan and Birla Sun Life Protector Plan can be reinstated within 2 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for AEGON Religare is 46% whereas for Birla Sun Life, claim settlement ratio is 82%.

End Note:

Aegon Religare level term plan is a regular term life insurance plan which pays lump sum amount on death of life insured. Riders are also available with it. BSLI Protector has both level and increasing Sum Assured options available with it.

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Term Plan Insurance: IDBI Federal Termsurance Protection Plan vis-à-vis Aegon Religare Increasing Term Plan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Termsurance Protection is the term insurance plan of IDBI Federal.

Increasing term plan is the term insurance plan of AEGON Religare.

Age Eligibility:

For IDBI Federal Termsurance Protection, person aged between 18 years to 65 years can buy the term insurance plan. Termsurance Protection plan maximum maturity age is 75 years.

For AEGON Religare Increasing term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Increasing Level term plan maximum maturity age is 75 years.

Life Cover:

The minimum life cover that can be opted with both IDBI Federal Termsurance Protection and Aegon Religare increasing term plan is Rs 5 lacs.  The maximum cover in IDBI Federal Termsurance Protection and Aegon increasing term plan as cover is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for IDBI federal Termsurance Protection plan is 10 years to 30 years. The policy term for increasing term plan is from 10 years to 30 years.

Riders:

There are no riders available IDBI Federal Termsurance Protection Plan.

AEGON Religare Increasing term plan has accidental death, dismemberment and disability rider, critical illness rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes. The premium for females is bit lower.

Reinstatement:

On policy lapse, both IDBI Federal Termsurance Protection and AEGON Religare Increasing term plan can be reinstated within 2 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for IDBI Federal is 41% whereas for AEGON Religare, claim settlement ratio is 46% (Q2, 2011).

End Note:

IDBI Federal is a typical term life insurance plan but has no riders.

Increasing term plan increases the life cover opted by 5% every year. You can also add riders with increasing term plan.

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Term Plan Insurance: IDBI Federal Termsurance Protection Plan vis-à-vis Aegon Religare Decreasing Term Plan

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured.

Termsurance Protection is the term insurance plan of IDBI Federal.

Decreasing term plan is the term insurance plan of AEGON Religare.

Age Eligibility:

For IDBI Federal Termsurance Protection, person aged between 18 years to 65 years can buy the term insurance plan. Termsurance Protection plan maximum maturity age is 75 years.

For AEGON Religare Decreasing term insurance, person aged between 18 years to 55 years can buy the term insurance plan. Decreasing term plan maximum maturity age is 75 years.

Life Cover:

The minimum life cover that can be opted with both IDBI Federal Termsurance Protection plan and for decreasing term plan is Rs 5 lacs. The maximum cover in IDBI Federal Termsurance Protection and and Aegon decreasing term plan is very high and can be opted as long as it is approved by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for IDBI Federal Termsurance Protection plan is 10 years to 30 years. The policy term for decreasing term plan is from 10 years to 20 years.

Riders:

There are no riders available with IDBI Federal Termsurance Protection and Aegon Religare decreasing term plan.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes. The premium for females is bit lower.

Reinstatement:

On policy lapse, both IDBI Federal Termsurance Protection and AEGON Religare Decreasing term plan can be reinstated within 2 years from the date of unpaid premium. All the due premiums have to be paid and medical tests might be taken again.

Claim Settlement Ratio:

CSR is the claim settlement ratio. Claim settlement data has been taken for all the death claims made with the insurer and not for a particular policy. Claim settlement ratio is calculated by the formula- claim settled/total claims.

For the period Q2, 2011, the claim settlement ratio for IDBI Federal is 41% whereas for AEGON Religare, claim settlement ratio is 46%.

End Note:

IDBI Federal is a typical term life insurance plan but has no riders.

Aegon Decreasing plan is for people who have loan liability. In the Aegon decreasing term plan, the life cover keeps decreasing by 5% every year.

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