Ageas Federal Life
iSecure Plan
Sample premium
₹14,640 a year*
Term Life Insurance · head to head
iSecure 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.
- iTerm Prime 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
iSecure Plan
iTerm Prime
Eligibility
Minimum entry age
21 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
85 years
85 years
Policy term
Regular/Single Pay: minimum 10 years; Limited Pay: 7 PPT-12 PT, 10 PPT-15, 15 PPT-20, 20 PPT-25, 25 PPT-30 minimum; maximum lower of (64 years; 85 - Age at Entry)
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
₹50,00,000
₹25,00,000
Maximum sum assured
No limits (subject to Board approved underwriting policy)
No Limit, subject to Board Approved Underwriting Policy
Plan
Plan options
Life Cover, Life Cover with Return of Premium
—
Premium payment
Single Pay, Regular Pay, Limited Pay (7, 10, 15, 20 & 25 years); Single Pay, Yearly, Half-Yearly and 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
Lump sum
Lump sum
Riders
—
Bandhan Life AD Rider (UIN: 138B006V05)
Premium
Sample annual premium
₹14,640
₹9,453
Sample premium is for
Healthy non-smoker male, age 30, Life Cover option, Sum Assured Rs 1 Cr, Policy Term 35 years, Premium Payment Term 25 years (limited pay; not the 30-year regular-pay profile). Tax inclusion not stated. Only sample rate given for age 30.
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)
98.52%
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
135N088V02
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
iSecure 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