Aditya Birla Sun Life
Super Term Plan
Sample premium
₹19,400 a year*
Term Life Insurance · head to head
Super Term Plan vs iSecure II
Bajaj Life
iSecure II
Sample premium
₹13,451 a year*
Quick verdict
- iSecure II is better for insurer's claim payout record.
- iSecure II 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
Super Term Plan
iSecure II
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
85 years
85 years
Policy term
Regular Pay: 10 to 55 years; Limited Pay: PPT + 5 years to 55 years
Life: 10 to [85 minus Age at Entry]; ROP: 10 to 50; Easy: 10 to 30 (minimum depends on PPT)
Minimum sum assured
₹25,00,000
₹10,00,000
Maximum sum assured
No Limit (subject to Board Approved Underwriting Policy)
Life & ROP Variant: No Limit; Easy Variant: Rs. 30,00,000; as per the Board Approved Underwriting Policy (BAUP)
Plan
Plan options
Level Cover, Increasing Cover, Level Cover with Return of Premium
Life, ROP, Easy
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
Regular Pay or Limited Pay (5, 10, 15, 20, 25 years); Yearly / Half-yearly / Quarterly / Monthly
Return of premium option
Yes
Yes
Death benefit payout
Lumpsum; Monthly Income for 10/15/20 years; Partly as Lumpsum and Partly as Monthly Income for 10/15/20 years
One-time lump sum; partly lump sum and partly monthly income for 5/10/20/30/40 years; monthly income for 5/10/20/30/40 years
Riders
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)
Bajaj Life Accidental Death Benefit Rider (UIN 116B034V02), Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider (UIN 116B036V02), Bajaj Life Family Protect Rider (UIN 116B056V01), Bajaj Life New Critical Illness Benefit Rider (UIN 116B058V01)
Terminal illness benefit
Yes
—
Waiver of premium
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
₹13,451
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.
Brochure illustration (Life variant): Ravi, 35 year old non-smoker, Sum Assured Rs 25 lakhs, policy term and premium payment term 50 years, annual premium Rs 13,451 (exclusive of GST). Gender not explicitly stated. NOTE: SA Rs 25 lakh, age 35, 50-year term.
Insurer
Death claims settled (insurer)
98.65%
99.29%
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)
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
109N153V02
116N208V03
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
Super Term Plan
- Pro: Return-of-premium option available
iSecure II
- Pro: Return-of-premium option available