Ageas Federal Life
iSecure Plan
Sample premium
₹14,640 a year*
Term Life Insurance · head to head
iSecure Plan vs Care Plus
Generali Central Life
Care Plus
Sample premium
₹8,580 a year*
Quick verdict
- iSecure Plan is better for insurer's claim payout record.
- Care Plus 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
Care Plus
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)
Limited pay: (55/60/65/70/75/80/85 less age at entry) years, greater than PPT; Regular pay: 5 years to (85 less age at entry) years
Minimum sum assured
₹50,00,000
₹25,00,000
Maximum sum assured
No limits (subject to Board approved underwriting policy)
As per Board approved Underwriting policy
Plan
Plan options
Life Cover, Life Cover with Return of Premium
Option 1: Life Cover, Option 2: Extra Life Cover (Life Cover with Accidental Death Benefit)
Premium payment
Single Pay, Regular Pay, Limited Pay (7, 10, 15, 20 & 25 years); Single Pay, Yearly, Half-Yearly and Monthly
Limited: 5 Years, 10 Years, 15 Years, 60 years less age at entry (minimum 5 years); Regular Pay; Yearly, Half Yearly, Quarterly and Monthly
Return of premium option
Yes
No
Death benefit payout
Lump sum
Lump-sum Payout; Fixed Income Payout (1.8955% or 1.0738% of Death Benefit monthly for 60 or 120 months); Mixed Payout (combination)
Premium
Sample annual premium
₹14,640
₹8,580
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.
Healthy non-smoker male, age 30, Option 1: Life Cover, Base Sum Assured Rs 1 crore, Regular Pay, Premium Payment Term 25 years, Policy Term 25 years (not 30); excluding applicable taxes, extra underwriting premium and modal loading. Brochure gives no 30-year-term figure.
Insurer
Death claims settled (insurer)
98.52%
98.08%
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
133N030V06
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
Care Plus
- Con: Insurer paid a lower share of individual death claims than 85% of the 27 term life insurance plans on Comparezi that state it (98.08%)