Bajaj Life
eTouch II
Sample premium
₹24,359 a year*
Term Life Insurance · head to head
eTouch II vs iSelect Smart360 Term Plan
Canara HSBC Life
iSelect Smart360 Term Plan
Sample premium
₹13,296 a year*
Quick verdict
- iSelect Smart360 Term Plan 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
eTouch II
iSelect Smart360 Term Plan
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
99 years
99 years
Policy term
Cover up to age 99: 99 minus Age at Entry; otherwise minimum 10 years, maximum 85 minus Age at Entry; Life Shield ROP: 10 to 50 years
Life Secure: 5 years (5-9 years only for entry age 35+) to 81 years (99 minus age at entry) for Regular/Limited Pay, 62 years (80 minus age at entry) for Single Pay; Life Secure with Income: 65 minus age at entry to 99 minus age at entry; Life Secure with Return of Premium: 10 years to 99 minus age at entry
Minimum sum assured
₹50,00,000
₹25,00,000
Maximum sum assured
No limit, subject to Board Approved Underwriting Policy
No Limit (Subject to Board Approved Underwriting Policy); Non-working Spouse: Rs 50 Lakhs
Plan
Plan options
Life Shield, Life Shield Plus, Life Shield ROP
Life Secure, Life Secure with Income, Life Secure with Return of Premium
Premium payment
Regular (equal to policy term) or Limited Premium: 5 Pay, 6 Pay, 10 Pay, 12 Pay, 15 Pay, 20 Pay and Pay till Age 60 (cover to age 99: Limited Premium only); Yearly, Half yearly, Quarterly and Monthly
Life Secure: Single Pay, Regular Pay, Limited Pay 5/10/15/20/25/Up to age 60; Life Secure with Income / with Return of Premium: Regular Pay, Limited Pay 10/15/20/25/Up to age 60; Yearly/Half Yearly/Quarterly/Monthly/Single
Return of premium option
Yes
Yes
Death benefit payout
One-time lump sum; partly lump sum and partly monthly income for 5/10/20/30/40 years; monthly income for 5/10/20/30/40 years (POS: lump sum only)
Lump Sum; Monthly Income (level or increasing @ 5/10% p.a. simple, over 60 months); Part Lump Sum Part Monthly Income (25%/75%, 50%/50%, 75%/25%)
Riders
Bajaj Life Family Protect Rider (UIN 116B056V01), Bajaj Life New Critical Illness Benefit Rider (UIN 116B058V01), Bajaj Life Accidental Death Benefit Rider II (UIN 116B063V01), Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider II (UIN 116B064V01), Bajaj Life Care Plus Rider Non-Linked (UIN 116B062V01)
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Terminal illness benefit
Yes
Yes
Waiver of premium
WOP on ATPD/TI (Waiver of Premium on Accidental Total Permanent Disability / Terminal Illness); not applicable for POS-sourced policies
Optional in-built cover 'ATPD Premium Protection' / 'ATPD Premium Protection Plus': all future premiums of the impacted life waived on Accidental Total & Permanent Disability
Premium
Sample annual premium
₹24,359
₹13,296
Sample premium is for
Brochure illustration: Ravi, 35-year-old (male) doctor, Life Shield variant, Sum Assured Rs 1 crore, 100% lump sum payout, policy term and premium payment term 50 years (cover to age 85), annual: Rs 24,359 per annum (excluding GST/any other tax as applicable). Smoker status not stated. NOTE: age 35 and 50-year term; no age-30/30-year figure.
Male non-smoker, age 30, Life Secure plan option, Level coverage option, Sum Assured Rs 1 crore, policy term 40 years (not 30), Regular Pay, annual mode, no Optional In-Built Covers; basis Physical Medical; exclusive of taxes. Brochure gives no 30-year-term figure.
Insurer
Death claims settled (insurer)
99.29%
99.43%
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
116N198V10
136N080V02
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
eTouch II
- Pro: Return-of-premium option available
iSelect Smart360 Term Plan
- Pro: Insurer paid 99.43% of individual death claims, higher than 77% of the 27 term life insurance plans on Comparezi that state it
- Pro: Return-of-premium option available