iSecure Plan vs iProtect Smart Plus

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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)

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No limits (subject to Board approved underwriting policy)

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Life Cover, Life Cover with Return of Premium

Life, Life Plus, Life Rebalancing

Single Pay, Regular Pay, Limited Pay (7, 10, 15, 20 & 25 years); Single Pay, Yearly, Half-Yearly and Monthly

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

Yes

No

Lump sum

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

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

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Yes

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.

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)