ACKO Life
Flexi Term Plan
Premium depends on your profile
Term Life Insurance · head to head
Flexi Term Plan vs iSecure Plan
Ageas Federal Life
iSecure Plan
Sample premium
₹14,640 a year*
Quick verdict
- Flexi Term Plan is better for low minimum cover.
Computed from stored specifications, the published term life insurance scoring rules and recorded prices. Not an opinion.
Specifications side by side
Spec
Flexi Term Plan
iSecure Plan
Eligibility
Minimum entry age
18 years
21 years
Maximum entry age
65 years
65 years
Maximum maturity age
—
85 years
Policy term
—
Regular/Single Pay: minimum 10 years; Limited Pay: 7 PPT-12 PT, 10 PPT-15, 15 PPT-20, 20 PPT-25, 25 PPT-30 minimum; maximum lower of (64 years; 85 - Age at Entry)
Minimum sum assured
₹25,00,000
₹50,00,000
Maximum sum assured
Up to limits defined by the company's underwriting policies
No limits (subject to Board approved underwriting policy)
Plan
Plan options
—
Life Cover, Life Cover with Return of Premium
Premium payment
—
Single Pay, Regular Pay, Limited Pay (7, 10, 15, 20 & 25 years); Single Pay, Yearly, Half-Yearly and Monthly
Return of premium option
No
Yes
Death benefit payout
Lumpsum; Monthly installments / payout; Increasing installments / payout; Lumpsum and monthly installments / payout
Lump sum
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)
—
Waiver of premium
With additional covers (riders): remaining premiums waived on diagnosis of a critical illness or severe disability
—
Premium
Sample annual premium
—
₹14,640
Sample premium is for
—
Healthy non-smoker male, age 30, Life Cover option, Sum Assured Rs 1 Cr, Policy Term 35 years, Premium Payment Term 25 years (limited pay; not the 30-year regular-pay profile). Tax inclusion not stated. Only sample rate given for age 30.
Insurer
Death claims settled (insurer)
—
98.52%
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
135N088V02
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.
iSecure Plan
- Pro: Return-of-premium option available