Term Plan Insurance: Aviva LifeShield Platinum 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.

LifeShield Platinum is the term insurance product of Aviva Life Insurance.

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

Age Eligibility:

Anyone aged between 18 years to 60 years can apply for Aviva LifeShield Platinum. The maximum age at maturity should not exceed 70 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 Aviva LifeShield Platinum is Rs 50 lacs. For DLF U-Protect, minimum cover is Rs 25 lacs. The maximum cover in Aviva LifeShield Platinum and DLF U-Protect 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:

You can choose policy term from 10 years to 52 years with Aviva LifeShield Platinum. The policy term for DLF U-Protect is from 10 years to 30 years.

Riders:

Aviva LifeShield Platinum has two riders available which can be opted by paying additional premium- Accidental death benefit and Dread disease 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, Aviva LifeShield Platinum 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 Aviva life insurance is 91% whereas for DLF Pramerica, claim settlement ratio is 16%.  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:

Aviva LifeShield Platinum has 3 variants – life protection, income replacement, loan protection. Life protection is regular term plan which pays out lump sum benefit on death of life insured; income replacement pays out regular income in form of monthly installments and also increases monthly benefit by 5% every year; loan protection is for covering your loan obligations and Sum Assured keeps decreasing uniformly. The riders are available only with life protection variant.

DLF U-Protect has good comprehensive range of life cover available with it. You can add the important accidental rider also if needed by paying additional premium to enhance financial security.

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Term Plan Insurance: Aviva LifeShield Plus 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.

LifeShield Plus is the term insurance product of Aviva Life Insurance.

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

Age Eligibility:

Anyone aged between 18 years to 55 years can apply for Aviva LifeShield Plus. The maximum age at maturity should not exceed 65 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 Aviva LifeShield Plus is Rs 10 lacs. For DLF U-Protect, minimum cover is Rs 25 lacs. The maximum cover in Aviva LifeShield Plus lacs and in DLF U-Protect; 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:

You can choose policy term from 10 years to 30 years with Aviva LifeShield Plus. The policy term for DLF U-Protect is from 10 years to 30 years.

Riders:

Aviva LifeShield Plus has two riders available which can be opted by paying additional premium- Accidental death benefit and Dread disease 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, Aviva LifeShield Plus 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 Aviva life insurance is 91% whereas for DLF Pramerica, claim settlement ratio is 16%.  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:

Aviva LifeShield Plus and DLF U-Protect are both good term insurance plans. Both provide comprehensive life covers and riders are available with both policies.

Compare with other term plans now!

Term Plan Insurance:  Aviva LifeShield 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.

LifeShield is the term insurance product of Aviva Life Insurance.

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

Age Eligibility:

Anyone aged between 18 years to 55 years can apply for Aviva LifeShield. The maximum age at maturity should not exceed 65 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 Aviva LifeShield is Rs 5 lacs. For DLF U-Protect, minimum cover is Rs 25 lacs. The maximum cover in Aviva LifeShield is Rs 50 lacs and in DLF U-Protect, 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:

You can choose policy term from 5 years to 40 years with Aviva LifeShield. The policy term for DLF U-Protect is from 10 years to 30 years.

Riders:

There are no riders available with Aviva LifeShield.

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, Aviva LifeShield 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 Aviva life insurance is 91% whereas for DLF Pramerica, claim settlement ratio is 16%.  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:

DLF U-Protect scores over Aviva LifeShield in term of life cover as it has broader life cover available. Additionally, you can add rider with the base plan by paying additional premium to enhance financial security.

Compare with other term plans now!

Term Plan Insurance: Aviva LifeShield Platinum 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.

LifeShield Platinum is the term insurance product of Aviva Life Insurance.

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

Age Eligibility:

Anyone aged between 18 years to 60 years can apply for Aviva LifeShield Platinum. The maximum age at maturity should not exceed 70 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 Aviva LifeShield Platinum is Rs 50 and for LIC Amulya Jeevan, minimum cover is Rs 25 lacs.  The maximum cover in Aviva LifeShield Platinum 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:

You can choose policy term from 10 years to 52 years with Aviva LifeShield Platinum. The policy term for Amulya Jeevan is from 5 years to 35 years.

Riders:

Aviva LifeShield Platinum has two riders available which can be opted by paying additional premium- Accidental death benefit and Dread disease 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, Aviva LifeShield Platinum 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 Aviva life insurance is 91% whereas for Life Insurance Corporation of India, claim settlement ratio is 77%.

End Note:

Aviva LifeShield Platinum has 3 variants – life protection, income replacement, loan protection. Life protection is regular term plan which pays out lump sum benefit on death of life insured; income replacement pays out regular income in form of monthly installments and also increases monthly benefit by 5% every year; loan protection is for covering your loan obligations and Sum Assured keeps decreasing uniformly. The riders are available only with life protection variant. 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: Aviva LifeShield Plus 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.

LifeShield Plus is the term insurance product of Aviva Life Insurance.

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

Age Eligibility:

Anyone aged between 18 years to 55 years can apply for Aviva LifeShield Plus. The maximum age at maturity should not exceed 65 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 Aviva LifeShield Plus is Rs 10 lacs and for LIC Amulya Jeevan, minimum cover is Rs 25 lacs.  The maximum cover in Aviva LifeShield Plus 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:

You can choose policy term from 10 years to 30 years with Aviva LifeShield Plus. The policy term for Amulya Jeevan is from 5 years to 35 years.

Riders:

Aviva LifeShield Plus has two riders available which can be opted by paying additional premium- Accidental death benefit and Dread disease 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, Aviva LifeShield Plus 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 Aviva life insurance is 91% whereas for Life Insurance Corporation of India, claim settlement ratio is 77%.

End Note:

Aviva LifeShield Plus is a term insurance plan which has broad life cover as well as riders available. 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.

Compare with other term plans now!

Term Plan Insurance: Aviva LifeShield 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.

LifeShield is the term insurance product of Aviva Life Insurance.

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

Age Eligibility:

Anyone aged between 18 years to 55 years can apply for Aviva LifeShield. The maximum age at maturity should not exceed 65 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 Aviva LifeShield is Rs 5 lacs. For LIC Amulya Jeevan, minimum cover is Rs 25 lacs. The maximum cover in Aviva LifeShield is Rs 50 lacs 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:

You can choose policy term from 5 years to 40 years with Aviva LifeShield. The policy term for Amulya Jeevan is from 5 years to 35 years.

Riders:

There are no riders available with both Aviva LifeShield and 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, Aviva LifeShield 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 Aviva life insurance is 91% whereas for Life Insurance Corporation of India, claim settlement ratio is 77%.

End Note:

LIC Amulya Jeevan scores over Aviva LifeShield in term of life cover as it has broader life cover available. You can opt for longer policy term with Amulya Jeevan as maximum policy term that you can take with it is 35 years.

Compare with other term plans now!

Term Plan Insurance:  Aviva LifeShield Platinum vis-à-vis Reliance Term Plan

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

LifeShield Platinum is the term insurance product of Aviva Life Insurance.

Term Plan is the term insurance plan of Reliance Life.

Age Eligibility:

Anyone aged between 18 years to 60 years can apply for Aviva LifeShield Platinum. The maximum age at maturity should not exceed 70 years.

For Reliance Term Life, person aged between 21 years to 60 years can buy the term insurance plan. Reliance Term Life plan maximum maturity age is 65 years.

Life Cover:

The minimum life cover that can be opted with Aviva LifeShield Platinum is Rs 50 lacs For Reliance Term Life, minimum cover is Rs 2.5 lacs. The maximum cover in Aviva LifeShield Platinum and Reliance Term Life 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:

You can choose policy term from 10 years to 52 years with Aviva LifeShield Platinum. The policy term for Reliance Term Life is from 5 years to 30 years.

Riders:

Aviva LifeShield Platinum has two riders available which can be opted by paying additional premium- Accidental death benefit and Dread disease rider.

Reliance Term Life has Accidental death benefit and total and permanent disablement rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, Aviva LifeShield Platinum can be reinstated within 2 years and Reliance Term Life 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 Aviva life insurance is 91% whereas for Reliance Life, claim settlement ratio is 63%.

End Note:

Aviva LifeShield Platinum has 3 variants – life protection, income replacement, loan protection. Life protection is regular term plan which pays out lump sum benefit on death of life insured; income replacement pays out regular income in form of monthly installments and also increases monthly benefit by 5% every year; loan protection is for covering your loan obligations and Sum Assured keeps decreasing uniformly. The riders are available only with life protection variant.

Reliance Term Life has good comprehensive range of life cover available with it. You can add the important accidental rider also if needed by paying additional premium to enhance financial security.

Compare with other term plans now!

Term Plan Insurance:  Aviva LifeShield Plus vis-à-vis Reliance Term Plan

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

LifeShield Plus is the term insurance product of Aviva Life Insurance.

Term Plan is the term insurance plan of Reliance Life.

Age Eligibility:

Anyone aged between 18 years to 55 years can apply for Aviva LifeShield Plus. The maximum age at maturity should not exceed 65 years.

For Reliance Term Life, person aged between 21 years to 60 years can buy the term insurance plan. Reliance Term Life plan maximum maturity age is 65 years.

Life Cover:

The minimum life cover that can be opted with Aviva LifeShield Plus is Rs 10 lacs. For Reliance Term Life, minimum cover is Rs 2.5 lacs. The maximum cover in Aviva LifeShield Plus and Reliance Term Life 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:

You can choose policy term from 10 years to 30 years with Aviva LifeShield Plus. The policy term for Reliance Term Life is from 5 years to 30 years.

Riders:

Aviva LifeShield Plus has two riders available which can be opted by paying additional premium- Accidental death benefit and Dread disease rider.

Reliance Term Life has Accidental death benefit and total and permanent disablement rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, Aviva LifeShield Plus can be reinstated within 2 years and Reliance Term Life 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 Aviva life insurance is 91% whereas for Reliance Life, claim settlement ratio is 63%.

End Note:

Aviva LifeShield Plus and Reliance Term Life are both good term insurance plans. Both provide comprehensive life covers and riders are available with both policies.

Compare with other term plans now!

Term Plan Insurance:  Aviva LifeShield vis-à-vis Reliance Term Plan

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

LifeShield is the term insurance product of Aviva Life Insurance.

Term Plan is the term insurance plan of Reliance Life.

Age Eligibility:

Anyone aged between 18 years to 55 years can apply for Aviva LifeShield. The maximum age at maturity should not exceed 65 years.

For Reliance Term Life, person aged between 21 years to 60 years can buy the term insurance plan. Reliance Term Life plan maximum maturity age is 65 years.

Life Cover:

The minimum life cover that can be opted with Aviva LifeShield is Rs 5 lacs. For Reliance Term Life, minimum cover is Rs 2.5 lacs. The maximum cover in Aviva LifeShield is Rs 50 lacs and in Reliance Term Life, 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:

You can choose policy term from 5 years to 40 years with Aviva LifeShield. The policy term for Reliance Term Life is from 5 years to 30 years.

Riders:

There are no riders available with Aviva LifeShield.

Reliance Term Life has Accidental death benefit and total and permanent disablement rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, Aviva LifeShield plan can be reinstated within 2 years and Reliance Term Life 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 Aviva life insurance is 91% whereas for Reliance Life, claim settlement ratio is 63%.

End Note:

Reliance Term Life scores over Aviva LifeShield in term of life cover as it has broader life cover available. Additionally, you can add rider with the base plan by paying additional premium to enhance financial security.

Compare with other term plans now!

Term Plan Insurance:  Aviva LifeShield Platinum 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.

LifeShield Platinum is the term insurance product of Aviva Life Insurance.

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

Age Eligibility:

Anyone aged between 18 years to 60 years can apply for Aviva LifeShield Platinum. The maximum age at maturity should not exceed 70 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 Aviva LifeShield Platinum is Rs 50 lacs. For SUD Premier Protection, minimum cover is Rs 25 lacs. The maximum cover in Aviva LifeShield Platinum 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:

You can choose policy term from 10 years to 52 years with Aviva LifeShield Platinum. The policy term for SUD Premier Protection is from 5 years to 25 years.

Riders:

Aviva LifeShield Platinum has two riders available which can be opted by paying additional premium- Accidental death benefit and Dread disease 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, Aviva LifeShield Platinum 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 Aviva life insurance is 91% whereas for Star Union Dai-ichi, claim settlement ratio is 57%.

End Note:

Aviva LifeShield Platinum has 3 variants – life protection, income replacement, loan protection. Life protection is regular term plan which pays out lump sum benefit on death of life insured; income replacement pays out regular income in form of monthly installments and also increases monthly benefit by 5% every year; loan protection is for covering your loan obligations and Sum Assured keeps decreasing uniformly. The riders are available only with life protection variant.

SUD Premier Protection is a typical term plan and has accidental death and disability rider which can be attached with the base policy by paying additional premium.

Compare with other term plans now!