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Term Life Insurance · head to head

iProtect Smart Return of Premium vs Yuva Term (Plan 875)

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Quick verdict

  • iProtect Smart Return of Premium is better for insurer's claim payout record.
  • iProtect Smart Return of Premium is better for cover to an older age.
  • iProtect Smart Return of Premium 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
iProtect Smart Return of Premium
Yuva Term (Plan 875)
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
55 years
45 years
Maximum maturity age
85 years
75 years
Policy term
20 to 40 years
Minimum 15 years (Regular/Single/Limited Premium of 10 years) or 20 years (Limited Premium of 15 years); maximum 40 years under Level Sum Assured, subject to maximum age at maturity 75; under Increasing Sum Assured the maximum depends on age and Basic Sum Assured band
Minimum sum assured
₹10,00,000
₹50,00,000
Maximum sum assured
As per Board approved underwriting policy
Rs 5,00,00,000* (above Rs 5 crore considered case to case as per Board Approved Underwriting Policy and reinsurer decision)
Plan
Plan options
Limited Pay, Regular Pay
Option I: Level Sum Assured, Option II: Increasing Sum Assured
Premium payment
Limited pay 5, 7, 10, 12 or 15 years, or pay up to age 60; Regular pay equal to policy term; annual, half-yearly or monthly
Regular, Limited Premium of 10 years, Limited Premium of 15 years, Single Premium; Yearly or Half Yearly modes
Return of premium option
Yes
No
Death benefit payout
Lump sum (default), income over 5 years, or part lump sum and part income over 5 years
Lump sum, or Death Benefit in instalments over 5, 10 or 15 years (yearly/half-yearly/quarterly/monthly)
Riders
ICICI Pru Non-Linked Accidental Death and Disability Rider
—
Premium
Sample annual premium
₹74,638
₹5,950
Sample premium is for
Brochure illustration: Mr. Kumar, 35-year-old healthy male non-smoker, Sum Assured Rs 1 crore, policy term 40 years, premium payment term 10 years (limited pay), annual premium Rs 74,638 (total Rs 7,46,380); 'Taxes (if any) will be charged extra, as per applicable rates.' NOTE: different profile (age 35, 40-year term, 10-pay); no age-30 regular-pay figure published.
Option I (Level Sum Assured), Basic Sum Assured Rs 50 lakh, Non-Smoker, Male, Standard life, age 30 (last birthday), policy term 20 years, Regular annual premium; 'The above premiums are exclusive of taxes.' NOTE: Rs 50 lakh SA and 20-year term; the brochure gives no Rs 1 crore / 30-year figure.
Insurer
Death claims settled (insurer)
99.31%
97.59%
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
105N195V02
512N355V02

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

iProtect Smart Return of Premium

  • Pro: Return-of-premium option available
  • Con: Lower maximum entry age than 86% of the 29 term life insurance plans on Comparezi that state it (age 55)

Yuva Term (Plan 875)

  • Con: Cover ends earlier than 85% of the 27 term life insurance plans on Comparezi that state it (age 75)
  • Con: Lower maximum entry age than 93% of the 29 term life insurance plans on Comparezi that state it (age 45)
  • Con: Insurer paid a lower share of individual death claims than 88% of the 27 term life insurance plans on Comparezi that state it (97.59%)
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