 Broadly insurance can be classified in two categories: First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types: Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans. Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan . |
| Company | Min Premium | Entry Age
|
Partial Withdrawl | Surrender | Premium Paying Term |
Brief |
 Wealth Plus |
20,000 | 10-65 Yrs
 |
3 Yrs | 3 Yrs | Single or 3 Yrs |
LIC’s Wealth Plus is a unit linked plan This plan offers payment of Fund Value at the end of policy term, based on highest Net Asset Value (NAV) over the first 7 years of the policy, or the NAV as applicable at the end of the policy term, whichever is higher. |
 Simpli Life |
15,000 | 18-45 Yrs | 5 Yrs | 5 Yrs | 15-20 Yrs | HDFC Standard Life's 'SIMPLI LIFE' is a convenient plan, which saves you from the need of going for Medicals. This Unit Linked Plan gives you with an outstanding investment opportunity to maximise your savings by providing you a choice of thoroughly researched and selected investments. |
Pinnacle |
50,000 | 8-65 Yrs | 3 Yrs | 3 Yrs | 3 Yrs | ICICI Prudential Pinnacle is a Unit Linked Insurance Policy that guarantee the highest Net Asset Value (NAV) recorded on a daily basis, in the first 7 yrs. Of the fund, subject to a minimum of Rs.10. |
 Platinum Premier |
25,000 | 8-70 Yrs | 5 Yrs | 5 Yrs | 10 Yrs | BSLI Platinum Premier Plan, a unit linked insurance plan that gives your investments the advantage of the highest NAV with the flexibility to also manage your investments based on your risk appetite. |
 Super Advantage |
15,000 | 0-65 Yrs | 3 Yrs | 5 Yrs | 30 Yrs | " Kotak Super Advantage is an intelligent unit-linked investment plan that is based upon the idea of regular long term savings and systematic accumulation of wealth. It offers guaranteed returns along with the benefit of flexible life cover and upto 100% allocation of your money." |
 Invest Maximizer plan |
12,000 | 90 Days-50 Yrs | 3 Yrs | 4 Yrs | 25 Yrs | AEGON Religare Invest Maximiser Plan aims to maximise your investment with the low premium allocation charges. This Plan has a very low Premium Allocation charges among the ULIP options available. A percentage of the premium appropriated towards charges from the premium received. |
 unit plus III |
24,000 | 0-65 Yrs | 6 Yrs | 3 Yrs | 10-30 Yrs | "SBI Life – Unit Plus III is an excellent and flexible non participating Unit linked Plan , specially designed to meet your changing requirements at various stages of life. With a wide array of funds, riders and other options, this product gives you the complete freedom to fulfill all your investment and insurance needs." |
 Easy Plus |
24,000 | 0-55 Yrs | 3 Yrs | 5 Yrs | 3 Yrs | Met Easy Plus' - a simplified unit-linked plan which offers you an opportunity to systematically build wealth & protection for you and your family. Pays Loyalty additions at maturity. |
 Fortune Builder
|
24,000 | 7-60 Yrs | 3 Yrs | 5 Yrs | 3 Yrs | "A regular premium pay product with loyality addition upto 290% of annual targeted premium at maturity. Extensive protection through high sum assured multiples." |
 AspireLife Plus |
18,000 | 0-55 Yrs | 3 Yrs | 5 Yrs | 25 Yrs | "Bharti AXA Aspire Life - A unique product which not only offers up to 250% of your annual premium, in case the market returns are better, you will get 7% of the average fund value. " |
 NAV Guarantee |
20,000 | 30 Days-65 Yrs | 3 Yrs | 5 Yrs | 10 Yrs | Reliance Life Highest NAV Guarantee Plan offers you, the opportunity to invest in a new fund namely," Highest NAV Guarantee Fund". This plan guarantee you the highest NAV per unit ever achieved during the policy term at maturity. |
 Flexi Life Plus |
48,000 | 0-60 Yrs | 3 Yrs | 3 Yrs | 10-20 Yrs | "ING Life Flexi Life Plus is a unit linked insurance policy giving the dual benefit of insurance coverage & investment opportunity. It is a comprehensive plan that provides flexibility in premium contributions through payment modes with the option to increase or decrease of regular premiums." |
