Sample premium
₹4,700 a year*
Term Life Insurance · head to head
Digi Term (Plan 876) vs Smart Swadhan Supreme
SBI Life
Smart Swadhan Supreme
Sample premium
₹22,284 a year*
Quick verdict
- Smart Swadhan Supreme is better for insurer's claim payout record.
- Smart Swadhan Supreme 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
Digi Term (Plan 876)
Smart Swadhan Supreme
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
45 years
60 years
Maximum maturity age
75 years
75 years
Policy term
Minimum 15 years (Regular/Single/Limited Premium of 10 years) or 20 years (Limited Premium of 15 years); maximum 40 years under Level Sum Assured, subject to maximum age at maturity 75; under Increasing Sum Assured the maximum depends on age and Basic Sum Assured band
RP: 10 to 30 years; LPPT-7 & 10: 15 to 30 years; LPPT-15: 20 to 30 years
Minimum sum assured
₹50,00,000
₹25,00,000
Maximum sum assured
Rs. 5,00,00,000* (above Rs 5 crore considered case to case as per Board Approved Underwriting Policy and reinsurer decision)
No Limit, subject to Board Approved Underwriting policy
Plan
Plan options
Option I: Level Sum Assured, Option II: Increasing Sum Assured
—
Premium payment
Regular, Limited Premium of 10 years, Limited Premium of 15 years, Single Premium
Regular Premium or Limited Premium Payment Term of 7, 10 or 15 years; Yearly, Half-Yearly and Monthly
Return of premium option
No
Yes
Death benefit payout
Lump sum, or Death Benefit in instalments over 5, 10 or 15 years (yearly/half-yearly/quarterly/monthly)
Lumpsum
Riders
—
SBI Life - Accident Benefit Rider (UIN 111B041V01), SBI Life - Waiver of Premium Rider (UIN 111B048V01)
Waiver of premium
—
Optional SBI Life - Waiver of Premium Rider (UIN 111B048V01)
Premium
Sample annual premium
₹4,700
₹22,284
Sample premium is for
Option I (Level Sum Assured), Basic Sum Assured Rs 50 lakh, Non-Smoker, Male, Standard life, age 30 (last birthday), policy term 20 years, Regular annual premium; 'The above premiums are exclusive of taxes.' NOTE: Rs 50 lakh SA and 20-year term; the brochure gives no Rs 1 crore / 30-year figure.
Brochure Illustration I: female (Miss Sharma), age 30, Sum Assured Rs 1,00,00,000, policy term 30 years, premium payment term 30 years, yearly, base policy instalment premium Rs 22,284 (Waiver of Premium Rider extra Rs 1,064). Smoker status not stated; brochure notes GST exemption for individual life policies w.e.f. 22 Sep 2025. NOTE: FEMALE profile; no male figure published.
Insurer
Death claims settled (insurer)
97.59%
98.34%
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
512N356V02
111N140V02
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
Digi Term (Plan 876)
- Con: Cover ends earlier than 85% of the 27 term life insurance plans on Comparezi that state it (age 75)
- Con: Lower maximum entry age than 93% of the 29 term life insurance plans on Comparezi that state it (age 45)
- Con: Insurer paid a lower share of individual death claims than 88% of the 27 term life insurance plans on Comparezi that state it (97.59%)
Smart Swadhan Supreme
- Pro: Return-of-premium option available
- Con: Cover ends earlier than 85% of the 27 term life insurance plans on Comparezi that state it (age 75)