Skip to content

Term Life Insurance · head to head

Smart Swadhan Supreme vs Online Term Plan

Save New comparison

Specifications side by side

Spec
Smart Swadhan Supreme
Online Term Plan
Eligibility
Minimum entry age
18 years
18 years
Maximum entry age
60 years
55 years
Maximum maturity age
75 years
75 years
Policy term
RP: 10 to 30 years; LPPT-7 & 10: 15 to 30 years; LPPT-15: 20 to 30 years
10 to 57 years (Lump Sum option); 20 to 47 years (Monthly Income / Lump Sum + Monthly Income)
Minimum sum assured
₹25,00,000
₹25,00,000
Maximum sum assured
No Limit, subject to Board Approved Underwriting policy
Rs 10 crores
Plan
Plan options
—
Lump Sum, Monthly Income, Lump Sum + Monthly Income
Premium payment
Regular Premium or Limited Premium Payment Term of 7, 10 or 15 years; Yearly, Half-Yearly and Monthly
Regular: premium payment term equal to policy term; Yearly, Half Yearly, Quarterly, Monthly
Return of premium option
Yes
No
Death benefit payout
Lumpsum
Lump Sum; Monthly Income of 1% of Sum Assured (till end of policy term or at least 10 years, whichever is later); Lump Sum + Monthly Income (50% of SA lump sum and 0.5% of SA monthly)
Riders
SBI Life - Accident Benefit Rider (UIN 111B041V01), SBI Life - Waiver of Premium Rider (UIN 111B048V01)
—
Terminal illness benefit
—
Yes
Waiver of premium
Optional SBI Life - Waiver of Premium Rider (UIN 111B048V01)
Inbuilt: all future premiums (including optional benefits) waived on Total and Permanent Disability due to Accident
Premium
Sample annual premium
₹22,284
₹7,343
Sample premium is for
Brochure Illustration I: female (Miss Sharma), age 30, Sum Assured Rs 1,00,00,000, policy term 30 years, premium payment term 30 years, yearly, base policy instalment premium Rs 22,284 (Waiver of Premium Rider extra Rs 1,064). Smoker status not stated; brochure notes GST exemption for individual life policies w.e.f. 22 Sep 2025. NOTE: FEMALE profile; no male figure published.
30 year old Male, 30 year term, Rs 1 Crore cover, Lump Sum Option, No Optional Cover, preferred non-smoker category, per annum ('premiums which start as low as'). Tax treatment not stated.
Insurer
Death claims settled (insurer)
98.34%
98.31%
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
111N140V02
128N072V01

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 Swadhan Supreme

  • Pro: Return-of-premium option available
  • Con: Cover ends earlier than 85% of the 27 term life insurance plans on Comparezi that state it (age 75)

Online Term Plan

  • 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 86% of the 29 term life insurance plans on Comparezi that state it (age 55)
Compare