| Company | Aviva | ICICI Prudential | Kotak | LIC | Max New York Life | Met Life |
| Plans | Life Saver Plus | Life Stage RP | Smart Advantage Plus |
Money Plus | Life Maker Platinum | Met Smart Premier-RP |
| Overview | LifeSaver Plus is a Unit Linked endowment plan designed to meet your future savings requirements besides offering a higher life cover. The plan offers full Sum Assured in addition to the Fund Value as death benefit in case of your unfortunate death, thereby providing a higher financial protection to your family. You can also opt for the "Systematic Transfer Plan". The plan provides a loyalty addition at maturity. | ICICI Prudential’s, LifeStage Regular Premium provides you with an option of lifecycle-based portfolio strategy) that continuously re-distributes your money across various asset classes (Automatic Asset Allocation). This will done based on your age, and helps you achieve the right Asset Allocation to meet your desired financial goals. | Kotak Smart Advantage is an intelligent unit-linked plan that is based upon the idea of regular savings and systematic accumulation of wealth in the long term. It offers guaranteed returns coupled with the benefit of flexible life cover & up to 100% allocation of your money, making it best suited for an individual’s financial needs. | LIC’s Money Plus is a unit linked Endowment plan with regular premium paying term which offers investment cum insurance during the term of the policy. You can choose the level of cover within the limits, which will depend on the level of premium you agree to pay. | Max New York Life’s Life Maker Platinum - a Unit Linked Investment Plan, can meet all your financial needs, without the tedium of managing multiple products. In this plan, you can direct your investments in the customized unit linked funds such as equities, money market instruments, investment grade corporate bonds, and government securities. These funds offer a wide range of returns basis market returns. You can also choose to invest your premiums in one or more of these funds, basis your risk taking ability. | MetLife offers 'Met Smart Premier' – a Unit-Linked Whole Life plan that matures at age 100. You want to protect your family from life’s uncertainties; at the same time, you wish insurance would yield higher returns on your investments. You want your insurance policy to help realize all your dreams. |
| Entry Age | Minimum- 0 years | Minimum- 0 years | Minimum- 0 years | Minimum- 0 years | Minimum- 12 years | Minimum- 91 Days |
| Maximum- 60 years | Maximum- 65 years | Maximum- 65 years | Maximum- 65 years | Maximum- 60 years | Maximum- 70 years | |
| Term | 10-30 years | 10-75 years | 10-30 years | 05-30 years | 10-58 years | NA |
| Maturity Age | 18-75 years | 19-75 years | NA | 18-75 years | 70 years | 100 years |
| Features | 1) You can invest minimum Rs15,000 (p.a.) 2) Four Investment fund options available. 3) Free four switching option available in a policy year. 4) Option of changing the allocation proportion of your future to different funds at anytime, up to 2 times in a policy year. 5) Three riders available to cover accident death, disability & hospitalization. 6) Flexibility of increasing & reducing your premiums during the policy term. 7) Premium payment can be done yearly, half-yearly or monthly. |
1) You can invest minimum Rs15,000 (p.a.) 2) Option to choose a unique & personalized life-cycle based portfolio strategy to create ideal balance between Equity & Debt. 3) Option to change in chosen portfolio strategy 4 times throughout a policy term. 4) Additional allocation of units at regular intervals to enhance your investment. 5) Sum assured plus Fund value will be paid to your nominee in case of unfortunate event of your death. 6) Options of nine different fund options to choose from. 7) Premium payment can be done yearly, half-yearly or monthly. |
1) You can invest minimum Rs15,000 (p.a.) 2) Guaranteed returns of up to 275% of your first year premium at maturity. 3) Assured bonus additions at regular intervals to enhance your fund value. 4) 100% allocation of your premiums from second year onwards. 5) Choice of funds to offer you the maximum opportunity for growth. 6) Option of partial withdrawals form 4th year onwards. 7) Premium payment can be done monthly, quarterly, half-yearly or yearly. |
1) You can invest minimum Rs.5,000/- (p.a.) 2) Four different types of investment fund options available. 3) Higher of sum-assured or the fund value will be paid at the time of death. 4) Accident & critical illness benefit riders available. 5) Four free switches allowed in a given policy year. 6) Option of partial withdrawals form 4th year onwards. 7) Premium payment can be done monthly, quarterly, half-yearly or yearly. |
1) You can invest minimum Rs10,000 p.a 2) Flexibility to manage investments through switching and redirection 3) You can get extra protection against diseases & disability through riders. 4) Flexibility to invest a lump sum amount through Top ups. 5) You can also avail the tax benefits on premiums and maturity value. 6) Free six switches available in every policy year throughout the policy term. 7) Option of partial withdrawals after three policy years. 8) Premium payment can be done monthly, half-yearly or yearly. |
1) You can invest minimum Rs12,000 (p.a.) 2) This policy provides you the protection up to age 100. 3) In the unfortunate event of death both the sum assured plus fund value are. 4) Choice of seven investment fund options to suit your risk/return profile. 5) Allows partial withdrawal anytime after completion of three years to meet your financial requirement. 6) Fund value will be paid at the time of maturity. 7) Premium payment can be done yearly, half-yearly or monthly. |
| Tax Benefits |
You can also avail the tax benefits U/S 80C & 10(10D) of Income Tax act. | You can also avail the tax benefits on premiums and maturity value U/S 80C & 10(10D) respectively. | You can also avail the tax benefits U/S 80C and section 10(10D) of Income Tax act. | You can also avail the tax benefits U/S 80C and 10D/D of Income Tax act. | You can also avail the tax benefits U/S 80C and 10D/D of Income Tax act. | You can also avail the tax benefits U/S 80C of Income Tax act. |
