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Term Life Insurance · head to head

Super Term Plan vs Glow Plus Term Life Insurance

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Quick verdict

  • Glow Plus Term Life Insurance 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
Super Term Plan
Glow Plus Term Life Insurance
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
Term Insurance: Single Pay 1 year, Limited Pay PPT + 5 years, Regular Pay 3 years minimum; maximum 67 years (subject to maximum maturity age). TROP: minimum Single Pay 15, Limited Pay PPT + 5 (minimum 10), Regular Pay 10; maximum 67 years
Minimum sum assured
₹25,00,000
₹2,25,000
Maximum sum assured
No Limit (subject to Board Approved Underwriting Policy)
No fixed upper limit, subject to company underwriting rules/board policy
Plan
Plan options
Level Cover, Increasing Cover, Level Cover with Return of Premium
Term Insurance, Term Insurance 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
Single Pay; Regular Pay (3 to 67 years; TROP 10 to 67); Limited Pay 3, 4, 5, 10, 12, 15 or till 60 years
Return of premium option
Yes
Yes
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)
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Terminal illness benefit
Yes
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
Inbuilt Waiver of Premium on diagnosis of Terminal Illness
Premium
Sample annual premium
₹19,400
₹33,444
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.
Healthy 35-year-old non-smoker (gender not stated), Rs 3 crore cover, 30-year term, Term Insurance variant, annual premium; illustration mentions a 10% first-year discount for salaried customers. Tax treatment not stated. Only base-variant premium figure published.
Insurer
Death claims settled (insurer)
98.65%
—
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)
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IRDAI UIN
109N153V02
165N007V03

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

Glow Plus Term Life Insurance

  • Pro: Return-of-premium option available
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