ACKO Life
Flexi Term Plan
Premium depends on your profile
Term Life Insurance · head to head
Flexi Term Plan vs Super Term Plan
Aditya Birla Sun Life
Super Term Plan
Sample premium
₹19,400 a year*
Specifications side by side
Spec
Flexi Term Plan
Super Term Plan
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
—
85 years
Policy term
—
Regular Pay: 10 to 55 years; Limited Pay: PPT + 5 years to 55 years
Minimum sum assured
₹25,00,000
₹25,00,000
Maximum sum assured
Up to limits defined by the company's underwriting policies
No Limit (subject to Board Approved Underwriting Policy)
Plan
Plan options
—
Level Cover, Increasing Cover, Level Cover with Return of Premium
Premium payment
—
Limited Pay (Plan Option 1 & 2: 5, 7, 10, 12, 15, 20 years and To age 60; Plan Option 3: 5, 10 & 15 years), Regular Pay; Annual / Semi-Annual / Quarterly / Monthly
Return of premium option
No
Yes
Death benefit payout
Lumpsum; Monthly installments / payout; Increasing installments / payout; Lumpsum and monthly installments / payout
Lumpsum; Monthly Income for 10/15/20 years; Partly as Lumpsum and Partly as Monthly Income for 10/15/20 years
Riders
ACKO Life Accidental Death Benefit Rider (UIN: 164B004V01), ACKO Life Critical Illness Benefit Rider (UIN: 164B006V01), ACKO Life Accidental Total Permanent Disability Benefit Rider (UIN: 164B008V01)
ABSLI Accidental Death and Disability Rider (UIN: 109B018V03), ABSLI Critical Illness Rider (UIN: 109B019V03), ABSLI Surgical Care Rider (UIN: 109B015V03), ABSLI Hospital Care Rider (UIN: 109B016V03), ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02), ABSLI Waiver of Premium (UIN: 109B017V03)
Terminal illness benefit
—
Yes
Waiver of premium
With additional covers (riders): remaining premiums waived on diagnosis of a critical illness or severe disability
Inbuilt Waiver of Premium on Accidental Total and Permanent Disability (life insured aged up to 70); brochure variant table also shows 'WOP on TI & ATPD' for all three options; ABSLI Waiver of Premium rider (CI or disability) optional
Premium
Sample annual premium
—
₹19,400
Sample premium is for
—
Male, standard life, non-smoker, age 30, Sum Assured Rs 1,00,00,000, cover till age 85 (55-year term, not the 30-year profile), Regular Pay, annual frequency, Level Cover option, death benefit lumpsum; premium excluding taxes and first-year discount, if any. Brochure gives no 30-year-term figure.
Insurer
Death claims settled (insurer)
—
98.65%
Claims figures for
—
FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
IRDAI UIN
164N003V01
109N153V02
A tick marks the better value where the category rules say higher (or lower) is better. Text values are shown without a winner. Ties have no winner.
Pros and cons
Flexi Term Plan
No stated figure stands out against similar models on Comparezi, either way.
Super Term Plan
- Pro: Return-of-premium option available