Bajaj Life
iSecure II
Sample premium
₹13,451 a year*
Term Life Insurance · head to head
iSecure II 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.
- iSecure II 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 II
iTerm Prime
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
85 years
85 years
Policy term
Life: 10 to [85 minus Age at Entry]; ROP: 10 to 50; Easy: 10 to 30 (minimum depends on PPT)
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
₹10,00,000
₹25,00,000
Maximum sum assured
Life & ROP Variant: No Limit; Easy Variant: Rs. 30,00,000; as per the Board Approved Underwriting Policy (BAUP)
No Limit, subject to Board Approved Underwriting Policy
Plan
Plan options
Life, ROP, Easy
—
Premium payment
Regular Pay or Limited Pay (5, 10, 15, 20, 25 years); Yearly / Half-yearly / Quarterly / 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
One-time lump sum; partly lump sum and partly monthly income for 5/10/20/30/40 years; monthly income for 5/10/20/30/40 years
Lump sum
Riders
Bajaj Life Accidental Death Benefit Rider (UIN 116B034V02), Bajaj Life Accidental Permanent Total/Partial Disability Benefit Rider (UIN 116B036V02), Bajaj Life Family Protect Rider (UIN 116B056V01), Bajaj Life New Critical Illness Benefit Rider (UIN 116B058V01)
Bandhan Life AD Rider (UIN: 138B006V05)
Premium
Sample annual premium
₹13,451
₹9,453
Sample premium is for
Brochure illustration (Life variant): Ravi, 35 year old non-smoker, Sum Assured Rs 25 lakhs, policy term and premium payment term 50 years, annual premium Rs 13,451 (exclusive of GST). Gender not explicitly stated. NOTE: SA Rs 25 lakh, age 35, 50-year term.
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)
99.29%
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
116N208V03
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 II
- 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