Skip to content

Term Life Insurance · head to head

Smart Term Plan Plus vs Sampoorna Raksha Promise

Save New comparison

Quick verdict

  • Smart Term Plan Plus is better for insurer's claim payout record.

Computed from stored specifications, the published term life insurance scoring rules and recorded prices. Not an opinion.

Specifications side by side

Spec
Smart Term Plan Plus
Sampoorna Raksha Promise
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
100 years
100 years
Policy term
Regular Cover: 10 to 67 years; Return of Premium: 10 to 50 years; Whole Life Cover: 50 to 82 (100 minus age at entry) years; Credit Protect Cover: 5 to 40 years; other variants per prospectus
Other than PoS (months): Life Promise minimum 13 (Regular pay) / 14 (Limited pay) / 1 (Single pay); Life Promise Plus minimum 120; maximum 984 months (whole of life cover available to age 100)
Minimum sum assured
₹5,00,000
₹5,00,000
Maximum sum assured
No Limit, subject to limits determined in accordance with the Board approved underwriting policy
No Limit subject to Board approved underwriting policy (BAUP)
Plan
Plan options
Regular Cover, Early ROP Plus, Smart Cover, Return of Premium, Whole Life Cover, Income Protection Cover, Credit Protect Cover, Classic Cover
Life Promise, Life Promise Plus, Joint Life Promise, Joint Life Promise Plus
Premium payment
Single Pay, Regular Pay (not in Smart Cover, Early ROP Plus, Whole Life Cover), 5 Pay, 7 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60
Regular Pay (equal to policy term), Limited Pay (maximum PPT = policy term less 1 month), Single Pay; Single/Yearly/Half-Yearly/Quarterly/Monthly modes
Return of premium option
Yes
Yes
Death benefit payout
Lumpsum; Monthly Income for 10/20/30 years; Part Lumpsum and Part Monthly Income; Income Protection Cover variant pays monthly income for higher of 120 months or outstanding term
Lump sum, staggered benefit (level or increasing income over a benefit period up to 30 years), or a combination (Dependent Care / Payout Plan chosen at purchase)
Riders
Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V03), Axis Max Life Accidental Death and Dismemberment Rider (UIN 104B027V05)
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN 110B033V04), Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN 110B031V04), Tata AIA Vitality Protect (UIN 110B046V04), Tata AIA Vitality Health (UIN 110B045V03)
Terminal illness benefit
Yes
Yes
Waiver of premium
Future premiums waived after a Terminal Illness claim; optional Axis Max Life Waiver of Premium Plus Rider (disability and critical illness)
Inbuilt waiver of premium on terminal illness (after Payor Accelerator Benefit claim)
Premium
Sample annual premium
₹23,234
₹10,150
Sample premium is for
Prospectus example: Rishabh, non-smoker 30-year-old male, Regular Cover variant, sum assured Rs 2 crore, policy term 40 years, Rs 23,234 annualised premium for the entire policy term. 'Premium shown in all of the above illustrations is exclusive of any taxes and applicable discounts, if any.' NOTE: SA Rs 2 crore and 40-year term; no Rs 1 crore/30-year figure published.
Product page footnote 16: 'annual premium for a 30 yr. old male, Standard Life, Non-Smoker for Rs 1 Cr. Sum Assured with Policy Term of 30 yrs. (Regular Pay) under Life Promise Option ... with first year premium discount of 10% for digital purchase and 8.5% for salaried person.' Illustrated profile: salaried professional. GST inclusion not stated. Matches the target profile except that first-year digital and salaried discounts are applied.
Insurer
Death claims settled (insurer)
99.7%
99.41%
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
104N132V01
110N176V13

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 Term Plan Plus

  • Pro: Cover can run to age 100, later than 81% of the 27 term life insurance plans on Comparezi that state it
  • 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

Sampoorna Raksha Promise

  • Pro: Cover can run to age 100, later than 81% of the 27 term life insurance plans on Comparezi that state it
  • Pro: Return-of-premium option available
Compare