INSURANCE INSIGHTS
|
JULY 2017
4
5
JULY 2017 |
INSURANCE INSIGHTS
Insurer Name
TATA AIA Life Insurance Company Ltd.
Birla Sun Life Insurance Company Ltd.
HDFC Standard Life Insurance Company Ltd. TATA AIA Life Insurance Company Ltd.
Birla Sun Life Insurance Company Ltd.
Product name
TATA AIA Life Insurance Sampoorna Raksha
BSLI Protect@Ease Plan
HDFC Life Click 2 Protect 3D Plus
TATA AIA Life Insurance Sampoorna
Raksha+
BSLI Protector Plus Plan
Premium p.a. (for a 35 year old Male, non-
smoker, for Life Cover -
R
1 crore, PPT - 30
years, PT - 30 years)
(Excluding taxes, surcharge & cess)
R
10,000
R
12,195
R
13,168
R
17,900
R
20,080
Key Plan Features
Provides 4 death benefit options to choose from.
Option to cover your spouse under the same
policy and enhance the cover at certain mile-
stones without medicals.
Non-Participating Pure Protection Plan with 9
Plan Options providing Lump sum payout, Regular
Income or both on Death/Diagnosis of Terminal
Illness.
Provides protection cover throughout the policy
term and Return of Premium on Maturity.
Enhanced protection with inbuilt Total and
Permanent Disability cover and an option to
receive death benefit as Annual Income.
Entry Age(Min/Max)
18/70 years (RP&5 Pay), 65 years (10 Pay)
18/65 years
#
Option 1- 18/65 years, Option 2 - 25/65 years 18/70 years (RP&5 Pay), 65 years (10 Pay)
18/65 years
Maturity Age(Min/Max)
28/80 years
23/80 years
#
Option 1 - 23/75 years
Option 2 - Whole Life
28/80 years
23/70 years
Premium paying options
Regular Pay, Limited Pay
Single Pay, Limited Pay, Regular Pay
#
Option 1 - Single Pay, Regular Pay, Limited Pay
Option 2 - Limited Pay
Regular Pay, Limited Pay
Regular Pay
Premium Paying Term(PPT)/Policy Term(PT)
RP, 5 Pay/10 to 40 years
10 Pay/15 to 40 years
5 to 40 years
#
Option 1 - SP, RP, LP: 5 to 39 years/5 to 40 years
Option 2 – LP: 65 years - Age at Entry/Whole Life
RP, 5 Pay/10 to 30 years
10 Pay/15 to 30 years
5 to 30 years
Premium mode
Annual, Half-yearly, Quarterly, Monthly
Annual, Monthly
Single, Annual, Half-yearly, Quarterly, Monthly
Annual, Half-yearly, Quarterly, Monthly
Annual, Half-yearly, Quarterly, Monthly
Minimum Sum assured
(Max - No Limit)
R
50 Lakh
R
30 Lakh
R
10 Lakh
R
50 Lakh
R
30 Lakh
Minimum Annual Premium
R
3,700 (RP)
R
3,024 (LP/RP)
R
2,234 (LP/RP)
R
6,700(RP)
R
3,024
Plan options
4 Plan Options:
1. Basic Sum Assured payable on Death
2. Basic Sum Assured payable on Death &
Monthly Income thereafter for 10 years
3. Enhanced Sum Assured payable on Death
4. Enhanced Sum Assured payable on Death &
Monthly Income thereafter for 10 years
Level Term Assurance - Sum Assured will remain
constant for entire policy term.
Increasing Term Assurance - Sum Assured
increases by 5% or 10% of original Sum Assured
as chosen without any increase in premium
amount.
9 Plan options:
1) Life Option 2) 3D Life Option 3) Extra Life
Option 4) Income Option 5) Extra Life Income Op-
tion 6) Income Replacement Option 7) Return of
premium Option 8) Life Long Protection Option 9)
3D Life Long Protection Option
2 Plan Options:
1. Basic Sum Assured payable on Death
2. Basic Sum Assured payable on Death &
Monthly Income thereafter for 10 years
Level Sum Assured - Sum Assured will remain
constant for entire policy term. Increasing Sum
Assured - Sum Assured increases by 5% or
10% of original Sum Assured as chosen with-
out any increase in premium amount.
Maturity Benefit
#
NA
NA
Only for return of premium option
Total Premiums Paid
1
NA
Death Benefit
#
Sum Assured on death + Other Benefits de-
pending on plan option chosen
Sum Assured on Death depending on the pre-
mium paying option chosen
Sum Assured on death + Other Benefits depending
on plan option chosen
Sum Assured on death + Other Benefits
depending on plan option chosen
Sum Assured on Death
*Please refer to the product brochure for more details.
#
Option 1 - All Options except Life Long Protection Option & 3D Life Long Protection Option,
Option 2 - Life Long Protection Option & 3D Life Long Protection Option
RP - Regular Pay, LP - Limited Pay, SP - Single Pay
1
excluding the underwriting extra premiums and modal loading
RANGE OF PRODUCTS
Details related to product features mentioned herewith are based on the input received from insurance companies. HDFC Bank is not
responsible or liable for any omission or commission in the information shared. For more details on risk factors, product details, terms and
conditions and exclusions please read the relevant product brochure carefully before conclusion of sale.
LIFE INSURANCE
PROTECTION PLANS (TRADITIONAL)
PROTECTION PLANS (TRADITIONAL)
