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Term Life Insurance · head to head

Smart Secure Plus Plan vs RockSolid Term Insurance

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Quick verdict

  • Smart Secure Plus Plan is better for insurer's claim payout record.
  • Smart Secure Plus 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
Smart Secure Plus Plan
RockSolid Term 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
10 to 67 years (Return of Premium variant: up to 50 years; POS: up to 47 years)
10 to 30 Years and Up to Age 65, 70, 75, 80, 85
Minimum sum assured
₹20,00,000
₹50,00,000
Maximum sum assured
No Limit, subject to limits determined in accordance with the Board approved underwriting policy
Subject to Board Approved Underwriting Policy
Plan
Plan options
Life Cover, Increasing Life Cover; optional Return of Premium variant, Joint Life, Premium Break, Accident Cover, Voluntary Sum Assured Top-up
—
Premium payment
Single Pay, Regular Pay, 5 Pay, 10 Pay, 12 Pay, 15 Pay, Pay Till 60; Annual, Semi-annual, Quarterly & Monthly modes
Regular Pay (equal to policy term); Limited Pay 5, 10, 15, To Age 60; Single Pay; Annual, Semi-Annual, Monthly
Return of premium option
Yes
No
Death benefit payout
Lumpsum; Monthly Income; Part Lumpsum and Part Monthly Income (chosen by nominee at claim)
Lump Sum Payout; Monthly Income over 5 or 10 years; Lump sum plus Monthly Income (lump sum 10% to 90% in multiples of 10%)
Riders
Axis Max Life Waiver of Premium Plus Rider (UIN 104B029V06), Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02)
Pramerica Life Accidental Death Benefit Rider (UIN: 140B029V01), Pramerica Life Accidental Total and Permanent Disability Rider (UIN: 140B027V01), Pramerica Life Critical Illness Rider (UIN: 140B026V01), Pramerica Life Waiver of Premium Rider (UIN: 140B028V01)
Terminal illness benefit
Yes
—
Waiver of premium
Optional Axis Max Life Waiver of Premium Plus Rider (death, disability & critical illness)
Via Pramerica Life Waiver of Premium Rider (optional)
Premium
Sample annual premium
₹16,178
₹24,315
Sample premium is for
Prospectus 'Sample Premium Rates': non-smoker male, age 30, coverage till age 70 (40-year term), Life Cover Rs 1 crore, Regular Pay, annual, purchased online: Rs 16,178; 'excluding underwriting extra premium, taxes, cesses, if any'. NOTE: 40-year term (to age 70), not 30 years.
Non-smoker, age 35 (named 'Manish'; gender not explicitly stated), Sum Assured Rs 1 Crore, policy term up to age 75 (40 years), premium paid annually for the entire policy term (regular pay). Tax treatment not stated. Only base-cover premium figure in brochure.
Insurer
Death claims settled (insurer)
99.7%
99.18%
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
104N118V13
140N079V01

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

Smart Secure Plus Plan

  • Pro: Insurer paid 99.70% of individual death claims, higher than 88% of the 27 term life insurance plans on Comparezi that state it
  • Pro: Return-of-premium option available

RockSolid Term Insurance

No stated figure stands out against similar models on Comparezi, either way.

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