Life Insurance Products Comparison

Endowment Plans

Name of Insurer Policy Age At Entry (Years) Policy Term (Years) Yly Premium 5 lakh-20 yrs at age 30 Special Additional Features LIC Endowment (With Profit) 12 - 65 5 – 55 23,977 S.A + Bonus + A.F.B at maturity Jeevan Mithra (Double Cover) 18 - 50 15 – 30 25,772 Triple cover against death by accident (within term with DAB) . At maturity, Basic S.A. + bonus Jeevan Mithra (Triple Cover) 18 – 50 15 – 30 27,542 Four times of S.A. cover against death by accident (within term with DAB). At maturity, basic S.A. + Bonus. Limited payment Endowment With Profit 12 – 60 5 – 50 16,120 Premium Payment for limited period and risk is cover for full term. Jeevan Shree – 1 18 – 65 1 – 25 PPT 1 – 16 24,446 Options for opting different terms before maturity. MinS.A. 5 Lac. Jeevan Pramukh 18 – 65 5 – 25 PPT 3,4,5 1,16473 For high sum Assured Plan all terms upto 25 for 10 Lac is 3,4,5 Jeevan Anand 18 – 65 5 – 57 27,550 At maturity S.A. + Bonus after death again S.A. payable D.A.B inbuilt in T.P. upto 5 lac. Bajaj Allianz InvestGain (Economic Pack) 0 – 65 5 - 40 22,020 Option to increase cover by 2 – 4 times Aviva Life Saver 18 – 65 5 – 42 27,777 Terminal Bonus ; additional investments can be made Birla Sun Life Flexi Save Plus 1 – 65 5 – 30 23,820 HDFC Endowment 12 – 60 10 – 30 23,575 Standard Assurance Plan ICICI Save ‘n’ Protect 0 – 60 10 – 30 22,833 GA @ 3.5% p.a. for first four years; free life cover worth 50% of the original sum assured for 5 years from date of maturity ING Vysya Reassuring Life (With Cash Bonus) 12 – 55 10 – 30 22,171 Reassuring Life (With Reversionary Bonus) 12 – 55 10 – 30 22,778 Creating Life Child Protection Plan 18 – 55 10 – 25 23,655 Children Plans : Name of Insurer Policy Age At entry Years Policy Term Yly. Prem. 5 lac 20 yrs at age 30 Special Additional Features LIC Komal Jeevan (Endowment) Child : 0 – 10 Parent : 20-60 8-18 (PPT) Maturity At Age 26 of child 80,693 Staggered payout on maturity; in case of death of child before commencement of risk, the policy is cancelled & premiums refunded. S.B.is paid @20% & 30% a age 18/20 & on 22/24 years of the child). Maturity proceeds are payable at age 26 years. Jeevan Kishore Parent : 20 60 18 – 25 26,524 Sum assured payable on death (with in term) policy holder. No further premium to be waived. All benefits are available. Jeevan Kishore Parent: 20-60 Child : 0-12 15 – 35 18.270 Option of P.W.B and S.B. is available. Marriage Endowment / Education Annuity Parent : 18-60 5-25 23,177 Waiver of premium rider optional. Option to take survival benefits in 10 half-yearly installments. ICICI Smart Kid Parent : 20-60 Child : 0-12 10-25 27,271 Waiver of premium in case of death of parent. OM Kotak Child Advantage Plan Child : 0-17 10-30 22,283 If the insured is below 18 and dies within five years, the death benefit would be higher of premiums paid and surrender value. SBI Life Scholar Parent : 20-60 Child: 0-15 6-21 39,200 Option to take survival benefit as a lump sum or in four annual installments. TATA AIG Assure Educare 18 years Child : 0-8 Till child turns 18 63,950 Assured Educare 21 years Child : 0-11 Till child turns 21 48,000 123 Money Back Plans: Insurer Policy Age at entry years Policy term Yly prem Age 30 yrs, Rs.5 lac. Special Additional Features LIC Money Back 13-50 20 31,398 20% of S.A. each (With Proft) in years 5,10 & 15 ; 40% in year 20 Jeevan Bharathi 18-50 20 35,545 20% of SA each in 5,10,15 years; 40% at year 20 Jeevan Surabhi 14-55 15-25 45,650 Periodical return of S.A. with increasing risk cover. PPT differs from the policy term. Bima Bachat 15-65 9,12,15 S.P for15 years 3,70806 S.B.@15% payable after every 3 years on maturity total single premium paid is payable. Bajaj Allianz Cash Care Economy(Basic Plan) 15-55 15,20 28865 After 4 yrs 10%, after 8 yrs 15%, after 12 years25%, after 16 years 25% and after 20 years 50% S.A.Payable. ANP Sanmar Dhana Shree 30-55 19 36,200 20% of SA in years 7,10,13,16 & 19 HDFC Money Back Plan 12-60 10-30 37,325 25% every fifth year ICICI Pru Cash Bank 16-55 15,20 33099 Year 4: 10% of SA; Year 8 : 15% of S.A. Year 12 : 20% of SA Year 16 : 25% of S.A. Year 20 : 25% of S.A. MetLife Met Sukh 15-55 20 48,165 20% of S.A. each in years 5,10, and 15; 40% in year 20. Met Bhavishya – A Parent 20-50 Child: 0-8 Till Child turns 21 44,760 When child turns 15 : 20% of SA; Age 17: 30% of SA. Age 20 : 50% of S.A. Met Bhavishya – B Parent: 20-50 Child: 0-12 Till Child turns 25 35,395 When child turns 17 : 20% of SA Age 21: 30% of S.A Age 23 : 50% of S.A. Term Insurance Plans :

Insurer Policy Age at entry (Years) Policy Term (Years) Yly Premium 5 lac 20 yrs( in Rupees) LIC Anmol Jeevan 18-55 5-25 1614 Allianz Bajaj Life Risk Care-Endowment Pack 18-60 6 months to 20 years 1275 AMP Sanmar Raksha Shree 30-55 5-20 2600 Aviva Life Life Shield 18-55 5-40 3120 Birla Sun Life BSLI’s Term Plan 18-55 5,10,15,20,25 3010 HDFC Standard Life HDFC Term Assurance Plan 18-60 5-30 2920 ICICI Prudential Life Life Guard (Without return of prem.) 18-50 5-25 2680 Life Guard (Single Premium) 18-50 5-15 66650 Max New York Life Level Term Plan 18-55 Multiple 5 years 2710 OM Kotak Mahindra Kotak Term Plan 18-60 5-30 3700 TATA-AIG Assure Lifeline Plan 15-55 1,5,10,15,20,25 4550