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Term Life Insurance · head to head

Smart Secure Plus Plan vs Glow Plus Term Life Insurance

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Quick verdict

  • Glow Plus Term Life Insurance 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
Smart Secure Plus Plan
Glow Plus Term Life Insurance
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
85 years
85 years
Policy term
10 to 67 years (Return of Premium variant: up to 50 years; POS: up to 47 years)
Term Insurance: Single Pay 1 year, Limited Pay PPT + 5 years, Regular Pay 3 years minimum; maximum 67 years (subject to maximum maturity age). TROP: minimum Single Pay 15, Limited Pay PPT + 5 (minimum 10), Regular Pay 10; maximum 67 years
Minimum sum assured
₹20,00,000
₹2,25,000
Maximum sum assured
No Limit, subject to limits determined in accordance with the Board approved underwriting policy
No fixed upper limit, subject to company underwriting rules/board policy
Plan
Plan options
Life Cover, Increasing Life Cover; optional Return of Premium variant, Joint Life, Premium Break, Accident Cover, Voluntary Sum Assured Top-up
Term Insurance, Term Insurance with Return of Premium
Premium payment
Single Pay, Regular Pay, 5 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60; Annual, Semi-annual, Quarterly & Monthly modes
Single Pay; Regular Pay (3 to 67 years; TROP 10 to 67); Limited Pay 3, 4, 5, 10, 12, 15 or till 60 years
Return of premium option
Yes
Yes
Death benefit payout
Lumpsum; Monthly Income; Part Lumpsum and Part Monthly Income (chosen by nominee at claim)
Lump sum
Riders
Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02)
—
Terminal illness benefit
Yes
Yes
Waiver of premium
Optional Axis Max Life Waiver of Premium Plus Rider (death, disability & critical illness)
Inbuilt Waiver of Premium on diagnosis of Terminal Illness
Premium
Sample annual premium
₹16,178
₹33,444
Sample premium is for
Prospectus 'Sample Premium Rates': non-smoker male, age 30, coverage till age 70 (40-year term), Life Cover Rs 1 crore, Regular Pay, annual, purchased online: Rs 16,178; 'excluding underwriting extra premium, taxes, cesses, if any'. NOTE: 40-year term (to age 70), not 30 years.
Healthy 35-year-old non-smoker (gender not stated), Rs 3 crore cover, 30-year term, Term Insurance variant, annual premium; illustration mentions a 10% first-year discount for salaried customers. Tax treatment not stated. Only base-variant premium figure published.
Insurer
Death claims settled (insurer)
99.7%
—
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)
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IRDAI UIN
104N118V13
165N007V03

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

Smart Secure Plus Plan

  • Pro: Insurer paid 99.70% of individual death claims, higher than 88% of the 27 term life insurance plans on Comparezi that state it
  • Pro: Return-of-premium option available

Glow Plus Term Life Insurance

  • Pro: Return-of-premium option available
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