iSecure Plan vs e-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)

Regular Pay: minimum 5 years; maximum for Life & Life Secure: 'Highest of 40 years or 75 Years minus less Age at Entry or 85 Years minus less Age at Entry'; Life Plus: 'Highest of 40 Years or 75 Years minus less Age at Entry'. Limited pay minimum terms: 5 Pay 10, 7 Pay 12, 10 Pay 15, 15 Pay 20, Pay till 60 15 years; Single Pay minimum 5 years

No limits (subject to Board approved underwriting policy)

No limit, subject to underwriting policy

Life Cover, Life Cover with Return of Premium

Life, Life Plus, Life Secure

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

Regular Pay (same as policy term), Limited Pay (5, 7, 10, 15 Pay, Pay till 60 with minimum PPT 10 years), Single Pay

Yes

No

Lump sum

Immediate (100% lump sum); Level Recurring (10% lump sum plus 6% of SA yearly for 15 years); Increasing Recurring (10% lump sum plus yearly payouts from 6% of SA rising 10% a year for 15 years)

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Critical Illness Plus rider (107B020V02)

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Life Secure option: waiver of premium on total and permanent disability (not for Single Pay)

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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.

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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)