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Term Life Insurance · head to head

Flexi Term Pro vs iSelect Smart360 Term Plan

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Quick verdict

  • iSelect Smart360 Term Plan is better for insurer's claim payout record.

Computed from stored specifications, the published term life insurance scoring rules and recorded prices. Not an opinion.

Specifications side by side

Spec
Flexi Term Pro
iSelect Smart360 Term Plan
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
99 years
99 years
Policy term
Fixed Term 1, 5 to 50 years (multiples of 5) or To Age 60, 65, 70, 75, 80, 85, 99 (varies by variant and premium option)
Life Secure: 5 years (5-9 years only for entry age 35+) to 81 years (99 minus age at entry) for Regular/Limited Pay, 62 years (80 minus age at entry) for Single Pay; Life Secure with Income: 65 minus age at entry to 99 minus age at entry; Life Secure with Return of Premium: 10 years to 99 minus age at entry
Minimum sum assured
₹25,00,000
₹25,00,000
Maximum sum assured
No Limit, subject to Board Approved Underwriting Policy
No Limit (Subject to Board Approved Underwriting Policy); Non-working Spouse: Rs 50 Lakhs
Plan
Plan options
Without Return of Premium - Single Life, Without Return of Premium - Joint Life, With Return of Premium
Life Secure, Life Secure with Income, Life Secure with Return of Premium
Premium payment
OYT, Single Pay, Regular Pay, Limited Pay (5, 7, 8, 10, 12 years, Pay till Age 60, Pay till Age 70); annual, semi-annual, quarterly & monthly
Life Secure: Single Pay, Regular Pay, Limited Pay 5/10/15/20/25/Up to age 60; Life Secure with Income / with Return of Premium: Regular Pay, Limited Pay 10/15/20/25/Up to age 60; Yearly/Half Yearly/Quarterly/Monthly/Single
Return of premium option
Yes
Yes
Death benefit payout
Lumpsum; Monthly Income (1.04% of SA monthly for 10 years); Lumpsum plus Monthly Income (50% lumpsum, 0.93% of SA monthly for 5 years)
Lump Sum; Monthly Income (level or increasing @ 5/10% p.a. simple, over 60 months); Part Lump Sum Part Monthly Income (25%/75%, 50%/50%, 75%/25%)
Riders
Bharti AXA Life Hospi Cash Rider (130B007V05), Bharti AXA Life Premium Waiver Rider (130B005V05), Bharti AXA Life Non Linked Complete Shield Rider (130B011V02)
—
Terminal illness benefit
—
Yes
Waiver of premium
Via Bharti AXA Life Premium Waiver Rider: future premiums waived on diagnosis of any of 11 critical illnesses
Optional in-built cover 'ATPD Premium Protection' / 'ATPD Premium Protection Plus': all future premiums of the impacted life waived on Accidental Total & Permanent Disability
Premium
Sample annual premium
₹11,300
₹13,296
Sample premium is for
Healthy male, Non Smoker, age 30, PT 30, PPT 30, Sum Assured Rs 1,00,00,000, Single Life Option - Without ROP; excluding taxes.
Male non-smoker, age 30, Life Secure plan option, Level coverage option, Sum Assured Rs 1 crore, policy term 40 years (not 30), Regular Pay, annual mode, no Optional In-Built Covers; basis Physical Medical; exclusive of taxes. Brochure gives no 30-year-term figure.
Insurer
Death claims settled (insurer)
99.18%
99.43%
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
130N103V03
136N080V02

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

Flexi Term Pro

  • Pro: Return-of-premium option available

iSelect Smart360 Term Plan

  • Pro: Insurer paid 99.43% of individual death claims, higher than 77% of the 27 term life insurance plans on Comparezi that state it
  • Pro: Return-of-premium option available
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