Aviva Life
Signature 3D Term Plan
Sample premium
₹11,371 a year*
Term Life Insurance · head to head
Signature 3D Term Plan vs Maha Raksha Supreme Select
Tata AIA
Maha Raksha Supreme Select
Sample premium
₹1,17,336 a year*
Quick verdict
- Maha Raksha Supreme Select is better for insurer's claim payout record.
- 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
Signature 3D Term Plan
Maha Raksha Supreme Select
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
99 years
100 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
Other than PoS (months): Life Secure minimum 13 (Regular pay) / 14 (Limited pay) / 1 (Single pay); Life Secure Plus minimum 120; maximum 984 months
Minimum sum assured
₹5,00,000
₹25,00,000
Maximum sum assured
No Limit subject to Board Approved Underwriting Policy (POSP: Rs 25 Lakh)
No Limit subject to Board approved underwriting policy (BAUP)
Plan
Plan options
3D - Pure Term, 3D - Accelerated, 3D - Family Plus, 3D - TROP
Life Secure, Life Secure Plus, Joint Life Secure, Joint Life Secure Plus
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)
Regular Pay (equal to policy term), Limited Pay (maximum PPT = policy term less 1 month), Single Pay; Single/Yearly/Half-Yearly/Quarterly/Monthly modes
Return of premium option
Yes
Yes
Death benefit payout
Lumpsum (3D - Pure Term, Accelerated, TROP); Lumpsum plus Regular Monthly Payouts for 10 years (3D - Family Plus)
Lump sum and/or instalments (staggered benefit) as per Payout Plan chosen
Riders
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)
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN 110B033V04), Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN 110B031V04), Tata AIA Vitality Protect (UIN 110B046V04), Tata AIA Vitality Health (UIN 110B045V03)
Terminal illness benefit
Yes
Yes
Waiver of premium
Waiver of Premiums in case of Critical / Terminal Illness: applicable with Aviva New Critical Illness Rider and 3D - Accelerated option
Inbuilt waiver of premium on terminal illness
Premium
Sample annual premium
₹11,371
₹1,17,336
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.
Brochure Payor Accelerator illustration: 40-year-old healthy non-smoker male, Sum Assured Rs 2 Cr, policy term 45 years, premium payment term 10 years: 'Pay Rs 1,17,336' a year (total for 6 years Rs 7,04,016, excl. GST). NOTE: very different profile (age 40, Rs 2 Cr, 10-pay); no other figure in the brochure.
Insurer
Death claims settled (insurer)
99.07%
99.41%
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
122N148V02
110N171V16
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
Signature 3D Term Plan
- Pro: Return-of-premium option available
Maha Raksha Supreme Select
- Pro: Cover can run to age 100, later than 81% of the 27 term life insurance plans on Comparezi that state it
- Pro: Return-of-premium option available