Bajaj Life
iSecure II
Sample premium
₹13,451 a year*
Term Life Insurance · head to head
iSecure II vs Care Plus
Generali Central Life
Care Plus
Sample premium
₹8,580 a year*
Quick verdict
- iSecure II 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
Care Plus
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)
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
₹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)
As per Board approved Underwriting policy
Plan
Plan options
Life, ROP, Easy
Option 1: Life Cover, Option 2: Extra Life Cover (Life Cover with Accidental Death Benefit)
Premium payment
Regular Pay or Limited Pay (5, 10, 15, 20, 25 years); Yearly / Half-yearly / Quarterly / 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
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 Payout; Fixed Income Payout (1.8955% or 1.0738% of Death Benefit monthly for 60 or 120 months); Mixed Payout (combination)
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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Premium
Sample annual premium
₹13,451
₹8,580
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 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)
99.29%
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
116N208V03
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 II
- 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%)