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12 insurance plans: A comparative study
 
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January 19, 2006 13:47 IST

Term plans are the purest form of life insurance. They provide a high sum assured at a relatively low cost (i.e. premium). But somehow, individuals have continued to ignore term plans at the risk of being under insured.

The table given below provide information on term plans across various parameters, which will help individuals in arriving at an informed decision.

Comparative Premium Chart (Sum Assured: Rs 1,000,000)
Life InsurerAge
(Yrs)
Tenure (Yrs)
510152025303540
HDFC [Get Quote] STANDARD LIFE
(TERM ASSURANCE)
252,5702,6202,6702,7202,7702,820NANA
302,7702,8202,8702,9203,0503,430NANA
353,0003,0503,1603,5804,1204,750NANA
403,7103,8404,3805,1105,970NANANA
455,0005,5206,4607,620NANANANA
507,4308,3209,830NANANANANA
5510,96012,600NANANANANANA
6016,540NANANANANANANA
ICICI [Get Quote] PRUDENTIAL
(LIFEGUARD)
252,9332,9332,9332,9332,9333,064NANA
303,0323,0323,0323,0323,3343,905NANA
353,1723,1723,2483,7984,0674,564NANA
404,3174,3174,7385,5256,681NANANA
455,2675,8076,8758,258NANANANA
507,7398,77610,439NANANANANA
5511,42313,258NANANANANANA
60NANANANANANANANA
LIC [Get Quote]
(ANMOL JEEVAN I)
252,3562,3562,3562,5442,861NANANA
302,5642,5642,8123,2273,821NANANA
353,1283,2773,8414,6135,534NANANA
404,2874,7035,7526,9408,306NANANA
456,2477,2478,86010,623NANANANA
509,86011,33513,741NANANANANA
5515,06817,384NANANANANANA
60NANANANANANANANA
SBI [Get Quote] LIFE
(SHIELD)
251,9541,9541,9541,9542,180NANANA
302,0432,0432,1502,4542,964NANANA
352,4542,5522,8953,5424,375NANANA
403,1893,5424,3465,3846,649NANANA
454,5615,5416,7968,354NANANANA
507,3448,81410,657NANANANANA
5511,21513,538NANANANANANA
6017,037NANANANANANANA
KOTAK MAHINDRA OLD MUTUAL
(PREFERRED TERM PLAN)
25NA2,4242,4242,4242,5352,755NANA
30NA2,6452,6452,7553,0863,416NANA
35NA3,1963,3063,7474,1884,739NANA
40NA4,2984,7395,4006,1876,960NANA
45NA6,0776,7617,7978,970NANANA
50NA9,18010,35111,988NANANANA
55NA13,59315,679NANANANANA
60NA21,668NANANANANANA
MAX NEW YORK LIFE252,1002,1102,1202,2102,410NA2,670NA
302,1602,2802,4302,7003,0503,220NANA
352,5702,9103,2703,7704,330NANANA
403,4804,1504,8405,650NANANANA
455,0406,3607,450NANANANANA
507,9409,990NANANANANANA
5512,140NANANANANANANA
60NANANANANANANANA
AVIVA [Get Quote] LIFE INSURANCE
(LIFESHIELD)
252,5802,5802,6002,6902,8803,1903,6104,100
302,6502,6602,8903,1203,5304,0604,700NA
353,1103,2403,6204,1204,8005,620NANA
403,9404,2204,9805,8406,880NANANA
455,1706,0107,2808,620NANANANA
507,8409,23011,140NANANANANA
5511,91014,110NANANANANANA
60NANANANANANANANA
TATA-AIG LIFE
(ASSURE LIFELINE)
253,1003,1603,3403,6404,080NA5,040NA
303,4803,5103,9704,5505,2806,130NANA
354,6504,6705,5206,5807,820NANANA
406,8306,8708,40010,200NANANANA
459,88010,19013,380NANANANANA
5015,80016,240NANANANANANA
5524,320NANANANANANANA
60NANANANANANANANA
METLIFE
(SURAKSHA- TERM ASSURANCE)
252,6002,5002,5002,7002,700NA3,200NA
302,7002,6002,8003,1003,3003,600NANA
353,3003,2003,6004,0004,400NANANA
404,5004,3005,0005,7006,300NANANA
456,6006,4007,4008,400NANANANA
509,9009,70011,200NANANANANA
5515,00014,700NANANANANANA
6021,000NANANANANANANA
BIRLA SUN LIFE
(TERM PLAN)
252,8902,8902,8902,8902,890NANANA
302,9502,9502,9503,0103,160NANANA
353,2903,3103,5103,7204,030NANANA
404,0804,3104,6905,1505,860NANANA
455,3805,9906,7207,6708,930NANANA
507,7108,79010,18011,960NANANANA
5511,08013,10015,680NANANANANA
60NANANANANANANANA
AMP SANMAR
(RAKSHA SHREE)
252,1802,1802,1802,1802,3502,700NANA
302,2302,2302,2902,6003,0703,640NANA
352,5802,6403,0203,6304,3805,260NANA
403,3503,6504,4205,4006,540NANANA
454,6805,5206,7508,220NANANANA
507,2008,55010,400NANANANANA
5510,90013,050NANANANANANA
6016,580NANANANANANANA
BAJAJ ALLIANZ
(RISK CARE)
253,1403,2003,4203,8204,4905,5607,0909,320
303,2603,5604,0504,8306,0507,75010,200NA
353,8504,4505,3506,7508,65011,350NANA
405,0406,1007,7109,85012,850NANANA
457,1609,05011,46014,810NANANANA
5010,94013,61017,360NANANANANA
55NANANANANANANANA
60NANANANANANANANA
The premiums amounts in the table above are for a healthy, non-smoking male for a sum assured of Rs 1,000,000.
The information in the tables is sourced from company websites. Individuals are advised to contact the respective life insurance company for further details. Taxes as applicable may be levied on some premium quotes given above.
Companies reserve the right to change their policies anytime in the future.

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