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Term Life Insurance · head to head

Flexi Term Pro vs Elite Term Plan

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Quick verdict

  • Flexi Term Pro is better for insurer's claim payout record.
  • Flexi Term Pro 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
Flexi Term Pro
Elite 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
Fixed Term 1, 5 to 50 years (multiples of 5) or To Age 60, 65, 70, 75, 80, 85, 99 (varies by variant and premium option)
5 - 81 years
Minimum sum assured
₹25,00,000
₹50,00,000
Maximum sum assured
No Limit, subject to Board Approved Underwriting Policy
No Limit subject to Board Approved Underwriting Policy
Plan
Plan options
Without Return of Premium - Single Life, Without Return of Premium - Joint Life, With Return of Premium
Option: Life Benefit
Premium payment
OYT, Single Pay, Regular Pay, Limited Pay (5, 7, 8, 10, 12 years, Pay till Age 60, Pay till Age 70); annual, semi-annual, quarterly & monthly
Regular Premium: Same as chosen Policy Term; Monthly / Quarterly / Half Yearly / Yearly
Return of premium option
Yes
No
Death benefit payout
Lumpsum; Monthly Income (1.04% of SA monthly for 10 years); Lumpsum plus Monthly Income (50% lumpsum, 0.93% of SA monthly for 5 years)
Lump sum; nominee option to receive level monthly instalments over a period of 5 years
Riders
Bharti AXA Life Hospi Cash Rider (130B007V05), Bharti AXA Life Premium Waiver Rider (130B005V05), Bharti AXA Life Non Linked Complete Shield Rider (130B011V02)
—
Waiver of premium
Via Bharti AXA Life Premium Waiver Rider: future premiums waived on diagnosis of any of 11 critical illnesses
—
Premium
Sample annual premium
₹11,300
₹10,303
Sample premium is for
Healthy male, Non Smoker, age 30, PT 30, PPT 30, Sum Assured Rs 1,00,00,000, Single Life Option - Without ROP; excluding taxes.
Healthy male life, age 30, Sum Assured Rs 1 crore, policy term 30 years, regular premium; 1st-year premium inclusive of GST and 10% 1st-year discount. Smoker status not stated.
Insurer
Death claims settled (insurer)
99.18%
98.22%
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
130N103V03
143N070V01

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

Flexi Term Pro

  • Pro: Return-of-premium option available

Elite Term Plan

  • Con: Insurer paid a lower share of individual death claims than 81% of the 27 term life insurance plans on Comparezi that state it (98.22%)
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