Aditya Birla Sun Life
Super Term Plan
Sample premium
₹19,400 a year*
Term Life Insurance · head to head
Super Term Plan vs iTerm Prime
Bandhan Life
iTerm Prime
Sample premium
₹9,453 a year*
Quick verdict
- iTerm Prime is better for insurer's claim payout record.
Computed from stored specifications, the published term life insurance scoring rules and recorded prices. Not an opinion.
Specifications side by side
Spec
Super Term Plan
iTerm Prime
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
85 years
85 years
Policy term
Regular Pay: 10 to 55 years; Limited Pay: PPT + 5 years to 55 years
Minimum 5 years (Regular Pay), 15 (10 pay), 20 (15 pay), PPT+5 (Pay till 60); maximum 70/75/80/85 less entry age
Minimum sum assured
₹25,00,000
₹25,00,000
Maximum sum assured
No Limit (subject to Board Approved Underwriting Policy)
No Limit, subject to Board Approved Underwriting Policy
Plan
Plan options
Level Cover, Increasing Cover, Level Cover with Return of Premium
—
Premium payment
Limited Pay (Plan Option 1 & 2: 5, 7, 10, 12, 15, 20 years and To age 60; Plan Option 3: 5, 10 & 15 years), Regular Pay; Annual / Semi-Annual / Quarterly / Monthly
Regular Pay (same as Policy Term); Limited Pay: 10 years | 15 years | Pay till age 60; Annual, Half-Yearly and Monthly
Return of premium option
Yes
No
Death benefit payout
Lumpsum; Monthly Income for 10/15/20 years; Partly as Lumpsum and Partly as Monthly Income for 10/15/20 years
Lump sum
Riders
ABSLI Accidental Death and Disability Rider (UIN: 109B018V03), ABSLI Critical Illness Rider (UIN: 109B019V03), ABSLI Surgical Care Rider (UIN: 109B015V03), ABSLI Hospital Care Rider (UIN: 109B016V03), ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02), ABSLI Waiver of Premium (UIN: 109B017V03)
Bandhan Life AD Rider (UIN: 138B006V05)
Terminal illness benefit
Yes
—
Waiver of premium
Inbuilt Waiver of Premium on Accidental Total and Permanent Disability (life insured aged up to 70); brochure variant table also shows 'WOP on TI & ATPD' for all three options; ABSLI Waiver of Premium rider (CI or disability) optional
—
Premium
Sample annual premium
₹19,400
₹9,453
Sample premium is for
Male, standard life, non-smoker, age 30, Sum Assured Rs 1,00,00,000, cover till age 85 (55-year term, not the 30-year profile), Regular Pay, annual frequency, Level Cover option, death benefit lumpsum; premium excluding taxes and first-year discount, if any. Brochure gives no 30-year-term figure.
Standard male life, age 30, non-smoker, Sum Assured Rs 50 lakhs (not Rs 1 crore), Policy Term 55 years (coverage till age 85), Regular Pay (PPT 55 years), annualized premium; exclusive of any taxes, cess and levies. Only premium figure in the brochure.
Insurer
Death claims settled (insurer)
98.65%
99.73%
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)
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
109N153V02
138N084V03
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
Super Term Plan
- Pro: Return-of-premium option available
iTerm Prime
- Pro: Insurer paid 99.73% of individual death claims, higher than 96% of the 27 term life insurance plans on Comparezi that state it