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Term Life Insurance · head to head

Smart Shield Plus vs Maha Raksha Supreme Select

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Quick verdict

  • Maha Raksha Supreme Select 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
Smart Shield Plus
Maha Raksha Supreme Select
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
65 years
65 years
Maximum maturity age
100 years
100 years
Policy term
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
Other than PoS (months): Life Secure minimum 13 (Regular pay) / 14 (Limited pay) / 1 (Single pay); Life Secure Plus minimum 120; maximum 984 months
Minimum sum assured
₹25,00,000
₹25,00,000
Maximum sum assured
No limit; as per the Board approved Underwriting Policy
No Limit subject to Board approved underwriting policy (BAUP)
Plan
Plan options
Level Cover Benefit, Increasing Cover Benefit, Level Cover with Future Proofing Benefit; optional Better Half Benefit
Life Secure, Life Secure Plus, Joint Life Secure, Joint Life Secure Plus
Premium payment
Single Pay, Regular Pay (same as policy term), Limited Pay (10, 15, 20 or 25 years); Single, Yearly, Half-yearly & Monthly modes
Regular Pay (equal to policy term), Limited Pay (maximum PPT = policy term less 1 month), Single Pay; Single/Yearly/Half-Yearly/Quarterly/Monthly modes
Return of premium option
No
Yes
Death benefit payout
Lumpsum; installments every month/quarter/half-year/year for 5/10/15/20 years; part lumpsum and rest in installments (chosen by nominee)
Lump sum and/or instalments (staggered benefit) as per Payout Plan chosen
Riders
SBI Life - Accident Benefit Rider (UIN 111B041V01): Option A Accidental Death Benefit, Option B Accidental Partial Permanent Disability Benefit
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN 110B033V04), Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN 110B031V04), Tata AIA Vitality Protect (UIN 110B046V04), Tata AIA Vitality Health (UIN 110B045V03)
Terminal illness benefit
—
Yes
Waiver of premium
—
Inbuilt waiver of premium on terminal illness
Premium
Sample annual premium
₹19,634
₹1,17,336
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).
Brochure Payor Accelerator illustration: 40-year-old healthy non-smoker male, Sum Assured Rs 2 Cr, policy term 45 years, premium payment term 10 years: 'Pay Rs 1,17,336' a year (total for 6 years Rs 7,04,016, excl. GST). NOTE: very different profile (age 40, Rs 2 Cr, 10-pay); no other figure in the brochure.
Insurer
Death claims settled (insurer)
98.34%
99.41%
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
111N150V01
110N171V16

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

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

Maha Raksha Supreme Select

  • 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
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