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Term Life Insurance · head to head

Zindagi Protect Plus vs Smart Shield Plus

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Quick verdict

  • Zindagi Protect Plus is better for insurer's claim payout record.
  • Smart Shield Plus 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
Zindagi Protect Plus
Smart Shield Plus
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
100 years
100 years
Policy term
Minimum 5 (Regular Pay, Life Cover) / 10 (Regular Pay, ROP) to maximum 100 years - age at entry of Life Insured
Other than whole life: 5 to (79 less age at entry) years for Single/Regular Pay (minimum 10 years for Increasing Cover); Limited Pay 10/15/20/25: 15/20/25/30 to (79 less age at entry); Whole life (Limited Pay only): 100 less age at entry
Minimum sum assured
₹50,00,000
₹25,00,000
Maximum sum assured
No Limit, Subject to board approved underwriting policy
No limit; as per the Board approved Underwriting Policy
Plan
Plan options
Life Cover option, Return of Premium option
Level Cover Benefit, Increasing Cover Benefit, Level Cover with Future Proofing Benefit; optional Better Half Benefit
Premium payment
Regular Pay (same as policy term); Limited Pay 5/7/10/15/20; Limited Pay 'To Age 60' (60 - entry age); Yearly / Half-yearly / Quarterly / Monthly
Single Pay, Regular Pay (same as policy term), Limited Pay (10, 15, 20 or 25 years); Single, Yearly, Half-yearly & Monthly modes
Return of premium option
Yes
No
Death benefit payout
Lumpsum; Monthly Income; Lumpsum plus Monthly Income
Lumpsum; installments every month/quarter/half-year/year for 5/10/15/20 years; part lumpsum and rest in installments (chosen by nominee)
Riders
Edelweiss Life - Accidental Death Benefit Rider (UIN: 147B002V05), Edelweiss Life - Accidental Total and Permanent Disability Rider (UIN: 147B001V05), Edelweiss Life - Critical Illness Rider (UIN: 147B005V05), Edelweiss Life - Waiver of Premium Rider (UIN: 147B003V06)
SBI Life - Accident Benefit Rider (UIN 111B041V01): Option A Accidental Death Benefit, Option B Accidental Partial Permanent Disability Benefit
Waiver of premium
Via Edelweiss Life - Waiver of Premium Rider: waives future premiums on Critical Illness or Total and Permanent Disability due to accident
—
Premium
Sample annual premium
—
₹19,634
Sample premium is for
—
Brochure 'Sample Premium Rates' (indicative annual premiums): Level Cover/Level Cover with Future Proofing Benefit, Regular Premium, Sum Assured Rs 2 crore, healthy non-smoker male, age 30, term 30 years: Rs 19,634. Brochure notes individual life policies are exempt from GST w.e.f. 22 Sep 2025. NOTE: SA Rs 2 crore (no Rs 1 crore figure published).
Insurer
Death claims settled (insurer)
99.29%
98.34%
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
147N080V01
111N150V01

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

Zindagi Protect Plus

  • Pro: Cover can run to age 100, later than 81% of the 27 term life insurance plans on Comparezi that state it
  • Pro: Return-of-premium option available

Smart Shield Plus

  • Pro: Cover can run to age 100, later than 81% of the 27 term life insurance plans on Comparezi that state it
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