Bajaj Life
iSecure II
Sample premium
₹13,451 a year*
Term Life Insurance · head to head
iSecure II vs Glow Plus Term Life Insurance
Digit Life
Glow Plus Term Life Insurance
Sample premium
₹33,444 a year*
Quick verdict
- Glow Plus Term Life Insurance 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
Glow Plus Term Life 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
Life: 10 to [85 minus Age at Entry]; ROP: 10 to 50; Easy: 10 to 30 (minimum depends on PPT)
Term Insurance: Single Pay 1 year, Limited Pay PPT + 5 years, Regular Pay 3 years minimum; maximum 67 years (subject to maximum maturity age). TROP: minimum Single Pay 15, Limited Pay PPT + 5 (minimum 10), Regular Pay 10; maximum 67 years
Minimum sum assured
₹10,00,000
₹2,25,000
Maximum sum assured
Life & ROP Variant: No Limit; Easy Variant: Rs. 30,00,000; as per the Board Approved Underwriting Policy (BAUP)
No fixed upper limit, subject to company underwriting rules/board policy
Plan
Plan options
Life, ROP, Easy
Term Insurance, Term Insurance with Return of Premium
Premium payment
Regular Pay or Limited Pay (5, 10, 15, 20, 25 years); Yearly / Half-yearly / Quarterly / Monthly
Single Pay; Regular Pay (3 to 67 years; TROP 10 to 67); Limited Pay 3, 4, 5, 10, 12, 15 or till 60 years
Return of premium option
Yes
Yes
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)
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Terminal illness benefit
—
Yes
Waiver of premium
—
Inbuilt Waiver of Premium on diagnosis of Terminal Illness
Premium
Sample annual premium
₹13,451
₹33,444
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.
Healthy 35-year-old non-smoker (gender not stated), Rs 3 crore cover, 30-year term, Term Insurance variant, annual premium; illustration mentions a 10% first-year discount for salaried customers. Tax treatment not stated. Only base-variant premium figure published.
Insurer
Death claims settled (insurer)
99.29%
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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)
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IRDAI UIN
116N208V03
165N007V03
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
Glow Plus Term Life Insurance
- Pro: Return-of-premium option available