Super Term Plan vs iProtect Smart Plus

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Regular Pay: 10 to 55 years; Limited Pay: PPT + 5 years to 55 years

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No Limit (subject to Board Approved Underwriting Policy)

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Level Cover, Increasing Cover, Level Cover with Return of Premium

Life, Life Plus, Life Rebalancing

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

Single pay, Regular pay, Limited pay (exact limited-pay terms not reliably extracted); modes single, yearly, half-yearly, monthly

Yes

No

Lumpsum; Monthly Income for 10/15/20 years; Partly as Lumpsum and Partly as Monthly Income for 10/15/20 years

Lump sum; Income (10% of death benefit a year for 10 years, paid monthly); Lump sum plus income; Increasing income (monthly income for 10 years rising 10% p.a. simple). Life Rebalancing: lump sum only

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)

ICICI Pru Non-linked Health Protect Rider (critical illness)

Yes

Yes

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

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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.

Product page table: healthy, non-smoker, salaried male, age 30, life cover Rs 1 crore, policy term 35 years, regular pay, lumpsum payout option, annual premium: Rs 11,342 first year, Rs 12,962 from 2nd year onwards. 'Taxes (if any) will be charged extra, as per applicable rates' (GST excluded). Variant not named in the table. NOTE: 35-year term (cover to 65), not 30 years; no 30-year figure published.

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)