| Company | Aviva | ICICI Prudential | Kotak | LIC | Max New York Life | Met Life |
| Plans | Life Shield | Pure Protect | Preffered Term Plan |
Anmol Jeevan | Term Life | Met Suraksha Plus |
| Overview | LifeShield is an insurance plan that protects your family’s future from any kind of uncertainty. It’s a low cost life insurance plan which guarantees to pay a lump sum amount in case of your death. You can increase the sum assured of the policy during the term of the policy and this too with out submitting any evidence of good health, in case of your marriage or the birth of your child. | A cost-effective plan, Pure Protect comes in two variants: PureProtect Classic for Sum Assured upto 25lakhs and PureProtect Elite For sum assured more than Rs. 25 lakhs. Get discount for higher Sum Assure. Make it more beneficial by adding different riders to it. Invest in a plan that best suits your requirements and guarantee your family lifelong comfort and security. | Kotak preffered Term Assurance Plan is specially designed to give that protection to your family. This plan is a pure risk cover plan that is truly an economical means of providing you with a high level of protection. This plan offers special premium rates to non-tobacco users & women. It is a non-participating plan with no maturity benefits payable. In the event of death of the life insured during the term, the beneficiary would receive the sum assured as a lump sum. | The plan is available to standard & sub standard lives (upto Class VI). This plan is also available for females & handicapper’s. You need to submit a standard age proof with the proposal form. | The level term policy plan covers your life at a very low cost & protects your family under an unfortunate event of your death. Incase of unfortunate death of the policy holder, an amount equal to the sum assured will be given to the nominee. | MetLife offers 'Met Suraksha plus - Term Assurance (TA)', a non participating term assurance plan which provides you life cover at a nominal cost.. You can further customize your plan with two riders – Accidental Death Benefit and Critical Illness. This plan gives you the option of getting back all the premiums paid at maturity. Minimum sum assured for non smoker starts from rs. 25,00,000 and maximum has no limits, Subjects to underwriting. You can choose between two options: Term Assurance (TA) This form covers the life insured in case of death during the policy term. Term Assurance with return of premium (TROP) This plan while covering thelife insured in case of death during the policy term, on the other hand on the survival he gets the entire premium back paid through the policy term. |
| Entry Age | Minimum- 18 years | Minimum- 18 years | Minimum- 18 years | Minimum- 18 years | Minimum- 18 years | Minimum- 18 years |
| Maximum- 55 years | Maximum- 65 years | Maximum- 65 years | Maximum- 55 years | Maximum- 55 years | Maximum- 60 years for TA 50 years for TROP |
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| Term | 5 - 40 years | 10-30 years | 05-30 years | 05-25 years | 10-60 years | 10-60 years for TA 10-20 years for TROP |
| Features | 1) Minimum premium is only 2000 (p.a.) 2) The plan pays a sum assured to your family in case of your death before the maturity date. |
1) You can invest minimum Rs2,400 (p.a.) 2) You can protect your family from accidents or from any unwanted situation by adding Accident and Disability Benefit Rider 3) Sum assured will be paid to the beneficiary in the unfortunate event of your death. 4) Can pay yearly, half yearlyand monthly. |
1) You can invest minimum Rs18,00 (p.a.) 2) Flexibility in premium payments. 3) It’s a very low cost plan. 4) Provides additional cover to the beneficiary in the event of accidental death of life insured. 5) Offers installments to support you & your family in case of disability due to an accident. 6) You get a portion of the sum assured in case of a critical illness. |
1) You can invest minimum Rs 1,414 (p.a.) only. 2) Sum assured will be paid to the beneficiary in the unfortunate event of death of the policy holder. 3) Sum Assured Rebate: In case of regular premium payment the rebate is NIL. 4) Mode Rebate: In case of yearly mode the annual premium is of 1% and NIL in case of 6months. 5) The policy does not require any paid-up value. 6) No surrender value is available under this policy too. |
1) You can invest minimum Rs2,170 (p.a.) 2) The DD rider premiums are eligible for an additional deduction u/s 80D up to Rs.15, 000/- every year. 3) In case of the unfortunate death of the life insured during the term of the plan, an amount equal to the Sum assured is paid to the beneficiary. 4) Premium payment can be done Annual, Semi-annual, Quarterly, Monthly, and Single. 5) Personal Accident, Dread disease, & waiver of premium benefit rider available. |
1) You can invest minimum Rs3,600 (p.a.) 2) It's a low cost , pure risk insurance plan. 3) You can choose a met suraksha plus term plan with or without return of premium. 4) You get guaranteed additions of 10% of premium paid along with return of premium option of Met-Suraksha. 5) Option of different premium paying modes like Annual, Semi-Annual, Quarterly, Monthly, Payroll Savings Plan 6) You can customize your plan with riders to increase cover with only a marginal increase of premium. |
| Tax Benefits | Tax benefit available under section 80C of the Income Tax act. | You can also avail the tax benefits U/S 80C & 10(10D) of Income Tax act. | Tax benefit available u/s 80C & 10(10D) of Income Tax Act. | Tax benefit available under section 80C of the Income Tax act. | Tax benefit available u/s 80C & 10(10D) of Income Tax Act. | Tax-Benefit as applicable. |
