Online Term Insurance: Met Protect vis-à-vis Future Generali Smart Life

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

Met Protect is the online term insurance product of MetLife Insurance.

Smart Life is the online term insurance product of Future Generali.

Age Eligibility:

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

For Future Generali Smart Life, person aged between 18 years to 60 years can buy the term insurance plan. Smart Life maximum maturity age is 68 years.

Life Cover:

The minimum life cover that can be opted with Met Protect is Rs 25 lacs and minimum life cover with Future Generali Smart Life is Rs 15 lacs. The maximum cover for Met Protect is unlimited and for Future Generali Smart Life maximum life cover is Rs 49.99   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 Met Protect is from 10 years to 35 years. The policy term for Smart Life is from 8 years to 30 years.

Riders:

There are no riders available with both Met Protect and Future Generali Smart Life.

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, Met Protect can be reinstated within 2 years and Future Generali Smart 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.

The claim settlement ratio for Metlife insurance is 79% (H1, 2011) whereas for for Future Generali, claim settlement ratio is 67% (H1, 2011).

End Note:

Both Met Protect and Future Generali Smart Life are good term life insurance plans. Met Protect has broader Sum Assured than Future Generali Smart Life.

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, AEGON Religare iTerm, ICICI Pru iCare, Future Generali Smart Life, Aviva i-Life, Bharti AXA iProtect

Online Term Insurance: Met Protect vis-à-vis Kotak e-Preferred

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

Met Protect is the online term insurance product of MetLife Insurance.

e-Preferred is the online term insurance product of Kotak Life Insurance.

Age Eligibility:

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

For Kotak e-Preferred, person aged between 18 years to 65 years can buy the term insurance plan. e-Preferred maximum maturity age is 70 years.

Life Cover:

The minimum life cover that can be opted with both Met Protect and Kotak e-Preferred is Rs 25 lacs. The maximum cover for both Met Protect and Kotak e-Preferred 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 Met Protect is from 10 years to 35 years. The policy term for e-Preferred is from 5 years to 30 years.

Riders:

There are no riders available with both Met Protect and Kotak e-Preferred.

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, Met Protect and Kotak e-Preferred 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.

The claim settlement ratio for Metlife insurance is 79% (H1, 2011) whereas for Kotak Life, claim settlement ratio is 83% (H1, 2011).

End Note:

Both Met Protect and Kotak e-Preferred are good term life insurance plans. Kotak e-Preferred is tad more flexible since it allows increase or decrease in life cover. Kotak e-Preferred is tad more flexible since it allows increase or decrease in life cover. It also lets you convert to any other Kotak life insurance plan (except term plan).

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, AEGON Religare iTerm, ICICI Pru iCare, Future Generali Smart Life, Aviva i-Life, Bharti AXA iProtect

Online Term Insurance: IndiaFirst Anytime vis-à-vis Future Generali Smart Life

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

IndiaFirst, a comparatively new insurer also has online term insurance plan by the name of Anytime.

Smart Life is the online term insurance product of Future Generali.

Age Eligibility:

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

For Future Generali Smart Life, person aged between 18 years to 60 years can buy the term insurance plan. Smart Life maximum maturity age is 68 years.

Life Cover:

The minimum life cover that can be opted with IndiaFirst Anytime is Rs 10 lacs and for Future Generali Smart Life, minimum life cover is Rs 15 lacs. The maximum cover for IndiaFirst Anytime is Rs 49 lacs and for Future Generali Smart Life, maximum life cover is Rs 49.99 lacs 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 of 5 to 30 years for IndiaFirst Anytime. The policy term for Smart Life is from 8 years to 30 years.

Riders:

There are no riders available with IndiaFirst Anytime and Future Generali Smart Life.

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, IndiaFirst Anytime can be reinstated within 2 years and Future Generali Smart 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.

The claim settlement ratio for IndiaFirst life insurance is 84% (Q2, 2011) whereas for for Future Generali, claim settlement ratio is 67% (H1, 2011).

End Note:

Both plans have cap on maximum Sum Assured. Also no riders are available with both plans.

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, Aviva i-Life, ICICI Pru iCare, Future Generali Smart Life, Kotak e-Preferred

Online Term Insurance: IndiaFirst Anytime vis-à-vis Kotak e-Preferred

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

IndiaFirst, a comparatively new insurer also has online term insurance plan by the name of Anytime.

e-Preferred is the online term insurance product of Kotak Life Insurance.

Age Eligibility:

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

For Kotak e-Preferred, person aged between 18 years to 65 years can buy the term insurance plan. e-Preferred maximum maturity age is 70 years.

Life Cover:

The minimum life cover that can be opted with IndiaFirst Anytime is Rs 10 lacs and for Kotak e-Preferred, minimum life cover is Rs 25 lacs. The maximum cover for IndiaFirst Anytime is Rs 49 lacs and for Kotak e-Preferred, life 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 of 5 to 30 years for IndiaFirst Anytime. The policy term for e-Preferred is from 5 years to 30 years.

Riders:

There are no riders available with IndiaFirst Anytime and Kotak e-Preferred.

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 IndiaFirst Anytime and Kotak e-Preferred 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.

The claim settlement ratio for IndiaFirst life insurance is 84% (Q2, 2011) whereas for for Kotak Life, claim settlement ratio is 83% (H1, 2011).

End Note:

Both IndiaFirst Anytime Kotak e-Preferred are good term life insurance plans. There is no cap on maximum Sum Assured in Kotak e-Preferred whereas maximum cover is limited to Rs 49 lacs in IndiaFirst Anytime. Kotak e-Preferred is tad more flexible since it allows increase or decrease in life cover. It also lets you convert to any other Kotak life insurance plan (except term plan).

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, Aviva i-Life, ICICI Pru iCare, Future Generali Smart Life, Kotak e-Preferred

Online Term Insurance:  ICICI Pru iCare vis-à-vis IndiaFirst Anytime

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

iCare is the new online term insurance product of ICICI Pru life insurance.

Anytime is the term insurance plan of relatively new IndiaFirst insurance company.

Age Eligibility:

For ICICI Pru iCare, person aged between 18 years to 65 years can buy the term insurance plan. iCare maximum maturity age is 75 years.

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

Life Cover:

The minimum life cover that can be opted with both ICICI Pru iCare and IndiaFirst Anytime is Rs 10 lacs. The maximum cover for ICICI Pru iCare is Rs 1.5 Cr and for IndiaFirst Anytime, maximum life cover is Rs 49 lacs 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 30 years with ICICI Pru iCare. The policy term for Anytime is from 5 years to 30 years.

Riders:

ICICI Pru iCare offers inbuilt Accidental rider for its option II.

There are no riders available with IndiaFirst Anytime.

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, ICICI Pru iCare and IndiaFirst Anytime 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.

The claim settlement ratio for ICICI Pru is 93% (H1, 2011) whereas for IndiaFirst, claim settlement ratio is 84% (Q2, 2011).

End Note:

Both ICICI Pru iCare and IndiaFirst Anytime are good term life insurance plans. However ICICI Pru iCare offers broader life cover than IndiaFirst Anytime. Also iCare does have inbuilt rider with one of its variants. Both ICICI Pru iCare and IndiaFirst Anytime allow you both single premium and regular premium option.

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, AEGON Religare iTerm, Aviva i-Life, Met Protect, Kotak e-Preferred, Future Generali Smart Life.

Online Term Insurance:  ICICI Pru iCare vis-à-vis Kotak e-Preferred

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

iCare is the new online term insurance product of ICICI Pru life insurance.

e-Preferred is the online term insurance product of Kotak Life Insurance.

Age Eligibility:

For ICICI Pru iCare, person aged between 18 years to 65 years can buy the term insurance plan. iCare maximum maturity age is 75 years.

For Kotak e-Preferred, person aged between 18 years to 65 years can buy the term insurance plan. e-Preferred maximum maturity age is 70 years.

Life Cover:

The minimum life cover that can be opted with ICICI Pru iCare is Rs 10 lacs and Kotak e-Preferred is Rs 25 lacs. The maximum cover for ICICI Pru iCare is Rs 1.5 Cr and for Kotak e-Preferred, maximum life 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 30 years with ICICI Pru iCare. The policy term for e-Preferred is from 5 years to 30 years.

Riders:

ICICI Pru iCare offers inbuilt Accidental rider for its option II.

There are no riders available with Kotak e-Preferred.

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 ICICI Pru iCare and Kotak e-Preferred 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.

The claim settlement ratio for ICICI Pru is 93% (H1, 2011) whereas for Kotak Life, claim settlement ratio is 83% (H1, 2011).

End Note:

Both ICICI Pru iCare and Kotak e-Preferred are good term life insurance plans. However ICICI Pru iCare has cap on maximum Sum Assured which is Rs 1.5 Cr. But iCare does have inbuilt rider with one of its variants. Kotak e-Preferred is tad more flexible since it allows increase or decrease in life cover. It also lets you convert to any other Kotak life insurance plan (except term plan).

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, AEGON Religare iTerm, Aviva i-Life, Future Generali Smart Life, Kotak e-Preferred, Met Protect

Online Term Insurance:  IndiaFirst Anytime vis-à-vis Met Protect

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

IndiaFirst, a comparatively new insurer also has online term insurance plan by the name of Anytime.

Met Protect is the online term insurance product of MetLife Insurance.

Age Eligibility:

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

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

Life Cover:

The minimum life cover that can be opted with IndiaFirst Anytime is Rs 10 lacs and for Met Protect, minimum life cover is Rs 25 lacs. The maximum cover for IndiaFirst Anytime is Rs 49 lacs and for Met Protect, life 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 of 5 to 30 years for IndiaFirst Anytime. The policy term for Met Protect is from 10 years to 35 years.

Riders:

There are no riders available with IndiaFirst Anytime and Met Protect.

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 IndiaFirst Anytime and Met Protect 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.

The claim settlement ratio for IndiaFirst life insurance is 84% (Q2, 2011) whereas for Metlife, claim settlement ratio is 79% (H1, 2011).

End Note:

Both IndiaFirst Anytime and Met Protect are good term life insurance plans. There is no cap on maximum Sum Assured in Met Protect whereas maximum cover is limited to Rs 49 lacs in IndiaFirst Anytime.

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, Aviva i-Life, ICICI Pru iCare, Future Generali Smart Life, Kotak e-Preferred

Online Term Insurance:  Bharti AXA iProtect vis-à-vis Met Protect

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

Bharti AXA is the last insurer to join online insurance foray with the launch of iProtect.

Met Protect is the online term insurance product of MetLife Insurance.

Age Eligibility:

For Bharti AXA iProtect, person aged between 18 years to 50 years can buy the term insurance plan. iProtect maximum maturity age is 60 years.

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

Life Cover:

The minimum life cover that can be opted with both Bharti AXA iProtect and Met Protect is Rs 25 lacs. The maximum cover is depends on the applicants preference and financial profile and subject to approval by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for iProtect is 10/15/20/25/30 years. The policy term for Met Protect is from 10 years to 35 years.

Riders:

There are no riders available with both Bharti AXA iProtect and Met Protect.

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, Bharti AXA iProtect  can be reinstated within 5 years and Met Protect 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.

The claim settlement ratio for Bharti AXA life insurance is 71% (H1, 2011) whereas for Met Protect, claim settlement ratio is 79% (H1, 2011).

End Note:

Both Bharti AXA iProtect and Met Protect are good term life insurance plans. There is family Care benefit in iProtect which pays Rs 1 lacs within 48 hours of submitting all claim documents. Met Protect allows you both single premium and regular premium option.

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, AEGON Religare iTerm, ICICI Pru iCare, Future Generali Smart Life, Met Protect

Online Term Insurance:  Bharti AXA iProtect vis-à-vis IndiaFirst Anytime

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

Bharti AXA is the last insurer to join online insurance foray with the launch of iProtect.

IndiaFirst, a comparatively new insurer also has online term insurance plan by the name of Anytime.

Age Eligibility:

For Bharti AXA iProtect, person aged between 18 years to 50 years can buy the term insurance plan. iProtect maximum maturity age is 60 years.

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

Life Cover:

The minimum life cover that can be opted with Bharti AXA iProtect is Rs 25 lacs whereas for IndiaFirst Anytime the minimum cover is Rs 10 lacs. For IndiaFirst Anytime, the maximum cover is Rs 49 lacs. The maximum cover is depends on the applicants preference and financial profile and subject to approval by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for iProtect is 10/15/20/25/30 years. You can choose policy term of 5 to 30 years for IndiaFirst Anytime.

Riders:

There are no riders available with both Bharti AXA iProtect and IndiaFirst Anytime.

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, Bharti AXA iProtect  can be reinstated within 5 years and IndiaFirst Anytime 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.

The claim settlement ratio for Bharti AXA life insurance is 71% (H1, 2011) whereas for IndiaFirst, claim settlement ratio is 84% (H1, 2011).

End Note:

Both Bharti AXA iProtect and IndiaFirst Anytime are good term life insurance plans. There is family Care benefit in iProtect which pays Rs 1 lacs within 48 hours of submitting all claim documents. IndiaFirst has single premium option for term plans.

Other Online Term Plans:

HDFC Click2Protect, AEGON Religare iTerm, ICICI Pru iCare, Future Generali Smart Life, Met Protect, Kotak e-Preferred,

Online Term Insurance:  Bharti AXA iProtect vis-à-vis Future Generali Smart Life

A term insurance plan is a pure life cover which pays lump sum amount (Sum Assured) on the death of life insured. Online term plan insurance is the same but is cheaper as it can be bought online directly from insurer.

Bharti AXA is the last insurer to join online insurance foray with the launch of iProtect.

Smart Life is the online term insurance product of Future Generali.

Age Eligibility:

For Bharti AXA iProtect, person aged between 18 years to 50 years can buy the term insurance plan. iProtect maximum maturity age is 60 years.

For Future Generali Smart Life, person aged between 18 years to 60 years can buy the term insurance plan. Smart Life maximum maturity age is 68 years.

Life Cover:

The minimum life cover that can be opted with Bharti AXA iProtect is Rs 25 lacs whereas for Future Generali Smart Life the minimum cover is Rs 15 lacs. For Smart Life, the maximum cover is Rs 49.99 lacs. The maximum cover is depends on the applicants preference and financial profile and subject to approval by insurer’s underwriter. The underwriter decides life cover on basis of age, annual salary, medical condition etc.

Policy Term:

The policy term for iProtect is 10/15/20/25/30 years. The policy term for Smart Life is from 8 years to 30 years.

Riders:

There are no riders available with both Bharti AXA iProtect and Future Generali Smart Life.

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, Bharti AXA iProtect  can be reinstated within 5 years and Future Generali Smart 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.

The claim settlement ratio for Bharti AXA life insurance is 71% (H1, 2011) whereas for Future Generali, claim settlement ratio is 67% (H1, 2011).

End Note:

Both Bharti AXA iProtect and Future Generali Smart Life are good term life insurance plans. There is family Care benefit in iProtect which pays Rs 1 lacs within 48 hours of submitting all claim documents.

Other Online Term Plans:

HDFC Click2Protect, IndiaFirst Anytime Plan, AEGON Religare iTerm, ICICI Pru iCare, Future Generali Smart Life, Met Protect, Kotak e-Preferred