Term Plan Insurance:  Bharti AXA Elite Secure 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.

Elite Secure is the term insurance plan of Bharti AXA.

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

Age Eligibility:

For Bharti AXA Elite Secure, person aged between 18 years to 65 years can buy the term insurance plan. Elite Secure 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 both Bharti AXA Elite Secure and SUD Premier Protection plan plan is Rs 25 lacs. The maximum cover in Bharti AXA Elite Secure and SUD Premier Protection 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 Elite Secure is from 5 years to 25 years. “Till Age 75” policy term is also available.

The policy term for SUD Premier Protection is from 5 years to 25 years.

Riders:

Bharti AXA Elite Secure has Accidental death and disability benefit rider and 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, Bharti AXA Elite Secure can be reinstated within 2 years and SUD Premier Protection plan 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 H1, 2011, the claim settlement ratio Bharti AXA is 71% whereas for Star Union Dai-ichi, claim settlement ratio is 57%.

End Note:

Both Bharti AXA Elite Secure and Star Union Dai-ichi are very similar plans. The minimum Sum Assured with both plans is Rs 25 lacs. Riders are available with both plans.

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Term Plan Insurance:  BSLI Protector Plus vis-à-vis Max New York Life Platinum Protect Plan

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

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

Platinum Protect is the term insurance plan of Max New York Life.

Age Eligibility:

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.

For Max New York Life Platinum Protect, person aged between 18 years to 60 years can buy the term insurance plan. Max New York Platinum Protect maximum maturity age is 75 years.

Life Cover:

The minimum life cover that can be opted with BSLI Protector Plus is Rs 50 lacs. For Max New York Life Platinum Protect, minimum cover is Rs 25 lacs.  The maximum cover in BSLI Protector Plus and Max New York Life Platinum 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 Protector Plus is from 5 years to 30 years The policy term available with Max New York Platinum Protect is 10, 15, 20, 25 or 30 Years.

Riders:

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.

Max New York Platinum Protect has Personal Accident benefit and dread disease rider.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, both BSLI Protector Plus and Max New York Platinum Protect 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 is 82% whereas for Max New York Life, claim settlement ratio is 69%.

End Note:

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. Max New York Platinum Protect is also a good term insurance plan. Two very important riders are available with Max New York Platinum Protect.

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Term Plan Insurance:  BSLI Protector Plus vis-à-vis Tata AIG Life Raksha 

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

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

Raksha is the term insurance plan of Tata AIG Life.

Age Eligibility:

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.

For Tata AIG Life Raksha, person aged between 18 years to 50 years can buy the term insurance plan. Raksha term plan maximum maturity age is 60 years.

Life Cover:

The minimum life cover that can be opted with BSLI Protector Plus is Rs 50 lacs and for Tata AIG Raksha, minimum cover is Rs 5 lacs. The maximum cover in BSLI Protector Plus and Tata AIG Raksha 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 Protector Plus is from 5 years to 30 years.  The policy term with Tata AIG Raksha is 10, 15, 20 and 25 years.

Riders:

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.

There are no riders available with Tata AIG Raksha.

Premium Comparison:

The premium comparison for few samples is given below:

*kindly verify the premium for any changes.

Reinstatement:

On policy lapse, both BSLI Protector Plus and Tata AIG Raksha 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 is 82% whereas for Tata AIG, claim settlement ratio is 82% (H1, 2011).

End Note:

BSLI Protector Plus is 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. Tata AIG Raksha has more flexible life cover available with it however there are no riders available with Tata AIG Raksha.

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Term Plan Insurance:  BSLI Protector Plus vis-à-vis ICICI Pru Pure Protect Plan

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

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

Pure Protect is the term insurance plan of ICICI Pru.

Age Eligibility:

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.

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

Life Cover:

The minimum life cover that can be opted with BSLI Protector Plus is Rs 50 lacs. The minimum cover available with ICICI Pru Pure Protect depends on the minimum premium available. The maximum cover in BSLI Protector Plus and ICICI Pru Pure 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 Protector Plus is from 5 years to 30 years.  The policy term for ICICI Pru Pure Protect is from 10 years to 30 years.

Riders:

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.

ICICI Pru Pure Protect plan has Accidental death and disability benefit rider 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 BSLI Protector Plus and ICICI Pru Pure Protect 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 is 82% whereas ICICI Pru, claim settlement ratio is 93% (H1, 2011).

End Note:

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. ICICI Pru Pure Protect has two variants – Classic and Elite. The difference is the range of Sum Assured offered. ICICI Pru Elite range of Sum Assured begins from Rs 25 lacs.

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Term Plan Insurance:  BSLI Protector Plus vis-à-vis Kotak Preferred 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 Plus is the term insurance plan of Birla Sun Life Insurance.

Preferred term plan is the term insurance plan of Kotak Life.

Age Eligibility:

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.

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

Life Cover:

The minimum life cover that can be opted with BSLI Protector Plus is Rs 50 lacs. The minimum cover available with Kotak Preferred term plan is Rs 25 lacs. The maximum cover in BSLI Protector Plus and Kotak Preferred 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 Protector Plus is from 5 years to 30 years.  The policy term for Kotak Preferred term plan is from 5 years to 30 years.

Riders:

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.

Kotak Preferred term plan has accidental death, permanent disability rider 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, both BSLI Protector Plus and Kotak Preferred 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 Q, 2011, the claim settlement ratio for Birla Sun Life is 82% whereas for Kotak Life, claim settlement ratio is 83% (H1, 2011).

End Note:

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. Kotak Preferred term plan is a flexible term plan with multiple premium options- single and regular. It also has riders available with it. Also there is unique conversion option with Kotak in which you can convert to any other Kotak life insurance plan (except term plan).

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Term Plan Insurance:  SBI Life Smart Shield Plan 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.

Smart Shield term plan is the term insurance plan of SBI Life.

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

Age Eligibility:

For SBI Life Smart Shield, person aged between 18 years to 65 years can buy the term insurance plan. Smart Shield term plan maximum maturity age is 70 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 SBI Life Smart Shield is Rs 25 lacs. For BSLI Protector Plus, minimum cover is Rs 50 lacs. The maximum cover in SBI Life Smart Shield 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 SBI Smart Shield term plan is 5 years to 30 years.  The policy term for Protector Plus is from 5 years to 30 years.

Riders:

SBI Smart Shield term plan has Accidental death benefit, Accidental total and permanent disability rider and accelerated 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, SBI Smart Shield can be reinstated within 3 years and BSLI Protector Plus 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 SBI Life is 84% whereas for Birla Sun Life, claim settlement ratio is 82%.

End Note:

SBI Life Smart Shield is flexible term plan, it has 4 options which you can choose from- level term assurance, increasing term assurance, decreasing term assurance (loan) and decreasing term assurance (family income protection).

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:  IndiaFirst Life plan 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.

Life plan is the term insurance plan of IndiaFirst.

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

Age Eligibility:

For IndiaFirst Life Plan, person aged between 18 years to 60 years can buy the term insurance plan. Life plan maximum maturity age is 70 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 IndiaFirst Life plan is Rs 5 lacs For BSLI Protector Plus, minimum cover is Rs 50 lacs. The maximum cover in IndiaFirst Life plan and 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 Life term plan is from 5 years to 30 years. The policy term for Protector Plus is from 5 years to 30 years.

Riders:

There are no riders available with IndiaFirst Life plan.

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 IndiaFirst Life plan and BSLI Protector Plus 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 IndiaFirst is 84 whereas for Birla Sun Life, claim settlement ratio is 82% (Q2, 2011).

End Note:

Though cover is extensive in IndiaFirst Life plan, there are no riders available with it. IndiaFirst Life plan is flexible in terms of premium payment as it has both single and regular premium payment frequency.

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: IDBI Federal Termsurance Protection Plan 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.

Termsurance Protection is the term insurance plan of IDBI Federal.

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

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 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 IDBI Federal Termsurance Protection is Rs 5 lacs. For BSLI Protector Plus, minimum cover is Rs 50 lacs. The maximum cover in IDBI Federal Termsurance Protection plan and and BSLI Protector Plus 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 Protector Plus is from 5 years to 30 years.

Riders:

There are no riders available with for IDBI federal Termsurance Protection.

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 IDBI federal Termsurance Protection and BSLI Protector Plus 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 Birla Sun Life, claim settlement ratio is 82%.

End Note:

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

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 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:  Aviva LifeShield Platinum 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.

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

Protector Plus is the term insurance plan of Birla Sun 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 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 Aviva LifeShield Platinum is Rs 50 lacs. For BSLI Protector Plus, minimum cover is Rs 50 lacs. The maximum cover in Aviva LifeShield Platinum and BSLI Protector Plus 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 52 years with Aviva LifeShield Platinum. The policy term for Protector Plus 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.

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, Aviva LifeShield Platinum 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 Aviva life insurance is 91% whereas for Birla Sun Life, claim settlement ratio is 82%.

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.

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.

Compare with other term plans now!