Smart Shield Plus vs Sampoorna Raksha Promise

Other than whole life: 5 to (79 less age at entry) years for Single/Regular Pay (minimum 10 years for Increasing Cover); Limited Pay 10/15/20/25: 15/20/25/30 to (79 less age at entry); Whole life (Limited Pay only): 100 less age at entry

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)

No limit; as per the Board approved Underwriting Policy

No Limit subject to Board approved underwriting policy (BAUP)

Level Cover Benefit, Increasing Cover Benefit, Level Cover with Future Proofing Benefit; optional Better Half Benefit

Life Promise, Life Promise Plus, Joint Life Promise, Joint Life Promise Plus

Single Pay, Regular Pay (same as policy term), Limited Pay (10, 15, 20 or 25 years); Single, Yearly, Half-yearly & Monthly modes

Regular Pay (equal to policy term), Limited Pay (maximum PPT = policy term less 1 month), Single Pay; Single/Yearly/Half-Yearly/Quarterly/Monthly modes

No

Yes

Lumpsum; installments every month/quarter/half-year/year for 5/10/15/20 years; part lumpsum and rest in installments (chosen by nominee)

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)

SBI Life - Accident Benefit Rider (UIN 111B041V01): Option A Accidental Death Benefit, Option B Accidental Partial Permanent Disability Benefit

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)

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Yes

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Inbuilt waiver of premium on terminal illness (after Payor Accelerator Benefit claim)

Brochure 'Sample Premium Rates' (indicative annual premiums): Level Cover/Level Cover with Future Proofing Benefit, Regular Premium, Sum Assured Rs 2 crore, healthy non-smoker male, age 30, term 30 years: Rs 19,634. Brochure notes individual life policies are exempt from GST w.e.f. 22 Sep 2025. NOTE: SA Rs 2 crore (no Rs 1 crore 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.

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)