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Term Life Insurance · head to head

Flexi Term Plan vs Signature 3D Term Plan

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Quick verdict

  • Signature 3D Term Plan 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
Flexi Term Plan
Signature 3D Term Plan
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
—
99 years
Policy term
—
Regular Premium: 10 to 62 years; Limited Premium: 15 to 62 years; Whole Life with Limited Premium (3D - Pure Term): 34 to 81 years; 3D - TROP Regular: 15 to 62 years
Minimum sum assured
₹25,00,000
₹5,00,000
Maximum sum assured
Up to limits defined by the company's underwriting policies
No Limit subject to Board Approved Underwriting Policy (POSP: Rs 25 Lakh)
Plan
Plan options
—
3D - Pure Term, 3D - Accelerated, 3D - Family Plus, 3D - TROP
Premium payment
—
Regular Premium (10 to 62 years); Limited Premium 10, 15, 20, 25, 30 years (TROP: 15, 20, 25, 30); Whole Life with Limited Premium: minimum (70 minus Entry Age, 30 years), 10, 15 (5 years only for entry age 65)
Return of premium option
No
Yes
Death benefit payout
Lumpsum; Monthly installments / payout; Increasing installments / payout; Lumpsum and monthly installments / payout
Lumpsum (3D - Pure Term, Accelerated, TROP); Lumpsum plus Regular Monthly Payouts for 10 years (3D - Family Plus)
Riders
ACKO Life Accidental Death Benefit Rider (UIN: 164B004V01), ACKO Life Critical Illness Benefit Rider (UIN: 164B006V01), ACKO Life Accidental Total Permanent Disability Benefit Rider (UIN: 164B008V01)
Aviva Accidental Casualty Non-Linked Rider (UIN: 122B035V01), Aviva New Critical Illness Non-Linked Rider (UIN: 122B036V02), Aviva Cancer Cardio Non-Linked Rider (UIN: 122B037V02)
Terminal illness benefit
—
Yes
Waiver of premium
With additional covers (riders): remaining premiums waived on diagnosis of a critical illness or severe disability
Waiver of Premiums in case of Critical / Terminal Illness: applicable with Aviva New Critical Illness Rider and 3D - Accelerated option
Premium
Sample annual premium
—
₹11,371
Sample premium is for
—
Male, age 30, 3D - Pure Term option, Sum Assured Rs 1 Cr, Policy Term 30 years, annual premium rate. Smoker status, premium payment term and tax treatment not stated.
Insurer
Death claims settled (insurer)
—
99.07%
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)
IRDAI UIN
164N003V01
122N148V02

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

Flexi Term Plan

No stated figure stands out against similar models on Comparezi, either way.

Signature 3D Term Plan

  • Pro: Return-of-premium option available
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