Birla Sun Life
vs
Icici Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Birla Sun Life vs Icici Term Insurance

Birla Sun Life

Birla Sunlife or ABSLI is a part of Aditya Birla Capital. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial.

Icici Term Insurance

ICICI Prudential holds values like Customer First, Humility, Passion, Integrity, and Boundarylessness. Comprehensive insurance solutions are promised.

COMPANY DETAILS Edit Aditya Birla Life Insurance Company Limited

Birla Sun Life

Edit ICICI Prudential Life Insurance Company Limited

Icici Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 15069.69 Cr

Annual Premiums Collected (2023-24)

43235.64 Cr
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

98.12%

Payout Options

99.3%
Solvency Ratio

Solvency Ratio

1.7

Solvency Ratio

1.9
Pan India Presence

Pan India Presence

1048+

Pan India Presence

506
Riders Available

Riders Available

Comprehensive Critical Illness Rider, Waiver of Premium Rider, Accidental Death and Disability Rider, Critical Illness Rider, Accidental Death Benefit Rider Plus

Riders Available

Accidental Death Rider, Critical Illness Plus Rider, Permanent & Partial Disability Rider, Income Benefit Rider, Waiver of Premium Rider
Policy Term

Policy Term

10 to 55 years

Policy Term

5 to 30 years

Know More About Companies

Overview

Aditya Birla Term Insurance: Overview

Aditya Birla Sun Life Term Insurance plans are designed to secure your family's financial future in case of your unforeseen demise. The term plans offered by Aditya Birla Sun Life Insurance are known to be suitable for long-term cover. 

What are some of the
Benefits
that set Aditya Birla Term Plan apart?

  • Choice of premium payment term

  • Wide range of plan options

  • Joint life cover

  • Choice of policy tenure

  • Inbuilt terminal illness benefits

  • Return of premium option, etc.

  • Tax benefits

Riders

Riders You Can Avail With Birla Sunlife Term Insurance Plans

Name of the Riders Benefits
ABSLI Comprehensive Critical Illness Rider This rider offers additional benefits and protection against up to 64 critical illnesses mentioned in the brochure.
ABSLI Waiver of Premium Rider This rider waives off future premiums if you are unable to pay in the event of financial difficulties.
ABSLI Accidental Death and Disability Rider TOffers additional benefits in case of accidental death and accidental disability.
ABSLI Critical Illness Rider ABSLI Critical Illness Rider covers 4 major illnesses - first heart attack of specified severity, cancer of specified severity, stroke resulting in permanent symptoms, and major organ/bone marrow transplant.
ABSLI Accidental Death Benefit Rider Plus In the unfortunate event of the death of the life insured due to an accident, 100% of the rider sum assured is paid to the nominee.

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Aditya Birla Term Insurance

Explore India’s best-selling Term insurance plans below

Birla Sunlife or ABSLI is a part of Aditya Birla Capital. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial.

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insu...

Unique Features

  • Avail 8 Plan Options
  • Flexible-Premium Payment
  • Cover for Spouse

Aditya Birla Life Shield Plan (Pros)

Aditya Birla Life Shield Plan
  • 105% of total death benefit
  • Tax benefits as per law
  • Return of premium

Aditya Birla Life Shield Plan (Cons)

Aditya Birla Life Shield Plan
  • No policy loan
  • No critical illness
  • no tax benefit

Aditya Birla Life Shield Plan (Other Benefits)

Aditya Birla Life Shield Plan
  • Suicide Cover After 12 Months
  • Discount for Non-Smokers
  • 5% online discount

Aditya Birla Life Shield Plan (Eligibility Criteria)

Aditya Birla Life Shield Plan
  • Min entry age-1 years
  • Max entry age-65 years
  • Min. sum assured-25 Lac
  • Max. sum assured- No limit
  • Premium payment term-Regular/limited

ABSLI Poorna Suraksha Kawach is a comprehensive plan that offers the benefit of return of premium and early return of premium along with the life insu...

Unique Features

  • 6 Plan option
  • Increasing or decreasing SA benefit
  • Special exit value

ABSLI Poorna Suruksha Kawach (Pros)

ABSLI Poorna Suruksha Kawach
  • Death benefit
  • Return of Premium
  • Critical illness benefit

ABSLI Poorna Suruksha Kawach (Cons)

ABSLI Poorna Suruksha Kawach
  • No Policy Loan
  • No investment option
  • No terminal illness benefit

ABSLI Poorna Suruksha Kawach (Other Benefits)

ABSLI Poorna Suruksha Kawach
  • Maturity benefit
  • Tax benefit
  • Surrender benefit

ABSLI Poorna Suruksha Kawach (Eligibility Criteria)

ABSLI Poorna Suruksha Kawach
  • Minimum entry age- 18 years
  • Maximum entry age-65 years
  • Maximum sum assured-20 crore
  • Minimum policy term-5 years
  • Maximum policy term-55 years

Keeping things simple is not always wrong, but we often choose to make things more complicated for ourselves. To eliminate this, Aditya Birla Sun Life...

Unique Features

  • Simple Protection Plan
  • Flexible Premium Payment
  • Covers Accidental Death

Aditya Birla Saral Jeevan Bima (Pros)

Aditya Birla Saral Jeevan Bima
  • High-life cover
  • Accidental death
  • Flexible premium payment

Aditya Birla Saral Jeevan Bima (Cons)

Aditya Birla Saral Jeevan Bima
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Aditya Birla Saral Jeevan Bima (Other Benefits)

Aditya Birla Saral Jeevan Bima
  • Hassle-free buying process
  • Tax benefits
  • Optional Riders

Aditya Birla Saral Jeevan Bima (Eligibility Criteria)

Aditya Birla Saral Jeevan Bima
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 5 lakhs
  • Max maturity age - 70 years

ABSLI Anmol Suraksha Kawach plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Capital. If You are looking for a term...

Unique Features

  • Offer short term protection
  • Affordable premiums
  • Flexible premium payment term

Aditya Birla Anmol Suraksha Kawach Plan (Pros)

Aditya Birla Anmol Suraksha Kawach Plan
  • Short term cover
  • high sum assured
  • flexible premium payment

Aditya Birla Anmol Suraksha Kawach Plan (Cons)

Aditya Birla Anmol Suraksha Kawach Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Aditya Birla Anmol Suraksha Kawach Plan (Other Benefits)

Aditya Birla Anmol Suraksha Kawach Plan
  • Tax-benefits
  • Hassle-free buying process
  • coverage up to 60 years

Aditya Birla Anmol Suraksha Kawach Plan (Eligibility Criteria)

Aditya Birla Anmol Suraksha Kawach Plan
  • Entry age - 23 years
  • Max entry age - 55 years
  • Min sum assured - 50 lakhs
  • Max maturity age - NA

ABSLI DigiShield Plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Life Insurance Company. On opting for this plan, ...

Unique Features

  • Large Sum Insured
  • Many Plan Options
  • Affordable Premium

Aditya Birla Sunlife Digishield Plan (Pros)

Aditya Birla Sunlife Digishield Plan
  • Level cover option
  • Increasing cover
  • Income benefit

Aditya Birla Sunlife Digishield Plan (Cons)

Aditya Birla Sunlife Digishield Plan
  • No sucide cover
  • No policy loan
  • no pre-exiting cover

Aditya Birla Sunlife Digishield Plan (Other Benefits)

Aditya Birla Sunlife Digishield Plan
  • Smart exit value
  • Premium break
  • Sum assured top-up

Aditya Birla Sunlife Digishield Plan (Eligibility Criteria)

Aditya Birla Sunlife Digishield Plan
  • Min entry age-18 yrs
  • Max. entry age-65 yrs
  • Min. sum assured-30 Lac
  • Max. sum assured-no limit
  • Plan payment- Limited/regular.

ICICI Term Insurance

Explore India’s best-selling Term insurance plans below

ICICI Prudential holds values like Customer First, Humility, Passion, Integrity, and Boundarylessness. Comprehensive insurance solutions are promised.

ICICI Pru POS iProtect Smart Term Plan is a non-linked, non-participating term insurance plan that offers flexibility to customize your plan and enhan...

Unique Features

  • 2 Plan Options
  • Waiting Period Protection
  • Accidental Death Benefit

ICICI Prudential POS iProtect Smart (Pros)

ICICI Prudential POS iProtect Smart
  • Life option
  • Life Plus Option
  • Premium discounts for women

ICICI Prudential POS iProtect Smart (Cons)

ICICI Prudential POS iProtect Smart
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Prudential POS iProtect Smart (Other Benefits)

ICICI Prudential POS iProtect Smart
  • Additional Accidеntal Dеath Bеnеfit
  • Special Premium rates
  • Tax benefit

ICICI Prudential POS iProtect Smart (Eligibility Criteria)

ICICI Prudential POS iProtect Smart
  • Minimum entry age-18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- As per plan
  • Minimum policy term-5 years
  • Maximum policy term- 40 years.

ICICI Pru Protect n Gain plan, stays true to its tagline, ''Growth Bhi Protection Bhi'' which means it provides dual benefits of protection and wealth...

Unique Features

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Plan Option

ICICI Prudential Protect-n-Gain (Pros)

ICICI Prudential Protect-n-Gain
  • 18 Different funds
  • 4 Investment strategies
  • Top-up option

ICICI Prudential Protect-n-Gain (Cons)

ICICI Prudential Protect-n-Gain
  • No policy Loan
  • No guaranteed returns
  • Suicide cover after 12 month

ICICI Prudential Protect-n-Gain (Other Benefits)

ICICI Prudential Protect-n-Gain
  • Unlimited free switches
  • Tax benefit
  • Top up option

ICICI Prudential Protect-n-Gain (Eligibility Criteria)

ICICI Prudential Protect-n-Gain
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 5 Lac
  • Maximum sum assured- No limit
  • Maximum Policy term-30 years

ICICI Pru Loan Protect Plus Plan is a simple term insurance plan, specially designed to manage the risk associated with ongoing loan amounts. The plan...

Unique Features

  • Death Benefit Options
  • Flexible Policy Terms
  • Life Cover Options

ICICI Pru Loan Protect Plus (Pros)

ICICI Pru Loan Protect Plus
  • Comprehensive coverage
  • Choice of coverage options
  • Flexible policy term

ICICI Pru Loan Protect Plus (Cons)

ICICI Pru Loan Protect Plus
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Loan Protect Plus (Other Benefits)

ICICI Pru Loan Protect Plus
  • Death benefit
  • Reducing cover
  • Surrender benefit

ICICI Pru Loan Protect Plus (Eligibility Criteria)

ICICI Pru Loan Protect Plus
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 5 lac
  • Minimum policy term -5 years
  • Maximum policy term- 30 years.

ICICI Pru Life Raksha is a simple pure protection plan offering death benefits ranging from INR 50,000 to INR 5 lakhs. The plan is offered by ICICI Pr...

Unique Features

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Option

ICICI Pru Life Raksha (Pros)

ICICI Pru Life Raksha
  • Five-Year Regular Pay
  • No medical examination
  • Tax benefits

ICICI Pru Life Raksha (Cons)

ICICI Pru Life Raksha
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Life Raksha (Other Benefits)

ICICI Pru Life Raksha
  • Free look period
  • Grace Period
  • Short term plan

ICICI Pru Life Raksha (Eligibility Criteria)

ICICI Pru Life Raksha
  • Minimum entry age-18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- 50
  • 000
  • Minimum policy term -5 years
  • Maximum policy term- 5 years.

ICICI Pru iShiled is a dual-benefit plan that gives both health & life insurance. Apart from life coverage, this policy offers coverage against he...

Unique Features

  • Combi Plan - Health & Life
  • Family Cover
  • Discounts for Non-Smokers

ICICI Pru iShield Term (Pros)

ICICI Pru iShield Term
  • Health+Life Combo
  • 5% online discount
  • Easy renewal

ICICI Pru iShield Term (Cons)

ICICI Pru iShield Term
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru iShield Term (Other Benefits)

ICICI Pru iShield Term
  • 5% online discount
  • waiver of premium
  • Tax benefit

ICICI Pru iShield Term (Eligibility Criteria)

ICICI Pru iShield Term
  • Minimum entry age-6 years
  • Maximum entry age- 65 years
  • Minimum sum assured- As per Premium
  • Maximum policy term- 99 years
  • Mode of premium- Single

Are you suffering from any pre-existing diseases? Then, getting a term plan might be difficult for you. But not anymore. ICICI Prudential’s Prec...

Unique Features

  • Covers pre-existing diseases
  • 5% loyalty discount
  • Accidental death benefit

ICICI Precious Life Term (Pros)

ICICI Precious Life Term
  • Covers pre existing conditions
  • Covers Cancer survivors
  • 5% loyalty discount

ICICI Precious Life Term (Cons)

ICICI Precious Life Term
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Precious Life Term (Other Benefits)

ICICI Precious Life Term
  • Death benefit
  • Accidental death benefit
  • Affordable Premiums

ICICI Precious Life Term (Eligibility Criteria)

ICICI Precious Life Term
  • Minimum entry age-18 years
  • Maximum entry age- 70 years
  • Minimum sum assured- 2 lakh
  • Maximum sum assured- No limit
  • Maximum policy term- 40 years.

Are you having a high-risk occupation such as a fire-fighter, coal miner, construction worker, and so on, in which the chances of an accident are much...

Unique Features

  • Accidental Death cover
  • Affordable premiums
  • Tax benefit on premiums

ICICI Pru iCare II (Pros)

ICICI Pru iCare II
  • 2 Crore Accidental Death Benefit
  • One Pay & Single Pay Option
  • Unexpired Risk Premium Value

ICICI Pru iCare II (Cons)

ICICI Pru iCare II
  • No Maturity Benefit
  • No Loans Allowed
  • Death Due To Drugs

ICICI Pru iCare II (Other Benefits)

ICICI Pru iCare II
  • Suicide Cover
  • Tax Benefit
  • Affordable Plan

ICICI Pru iCare II (Eligibility Criteria)

ICICI Pru iCare II
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - NA
  • Premium Payment Term - SP

ICICI Pru iProtect Smart Term Plan is a non-linked pure-term insurance plan. This plan provides advanced protection by offering comprehensive coverage...

Unique Features

  • Online Discounts
  • MWPA Enrolment Benefit
  • Waiver of Premium on Terminal Illness

ICICI Pru iProtect Smart Term Plan (Pros)

ICICI Pru iProtect Smart Term Plan
  • Accidental Death Option
  • Critical death option
  • 4 Plan option

ICICI Pru iProtect Smart Term Plan (Cons)

ICICI Pru iProtect Smart Term Plan
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru iProtect Smart Term Plan (Other Benefits)

ICICI Pru iProtect Smart Term Plan
  • Long Term Cover
  • Optional Covers
  • Add-on Benefits

ICICI Pru iProtect Smart Term Plan (Eligibility Criteria)

ICICI Pru iProtect Smart Term Plan
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- As per premium
  • Maximum sum assured- No limit
  • Maximum policy term- 99 years.

ICICI Pru Loan Protect is a non-participating term insurance plan offered by ICICI Pru Life Insurance Company. It provides life cover to individuals w...

Unique Features

  • Protection against mortgage
  • Protection against the car loan
  • Sum assured starts with 5 lacs

ICICI Pru Loan Protect (Pros)

ICICI Pru Loan Protect
  • Flexible PPT
  • Reducing Cover
  • Long term Policy term

ICICI Pru Loan Protect (Cons)

ICICI Pru Loan Protect
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Loan Protect (Other Benefits)

ICICI Pru Loan Protect
  • Death Benefit
  • Tax Benefits
  • Surrender Benefit

ICICI Pru Loan Protect (Eligibility Criteria)

ICICI Pru Loan Protect
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 5 Lac
  • Maximum sum assured- 30 Lac
  • Maximum policy term- 30 years.

ICICI Pru Saral Jeevan Bima offers a simplified answer to your protection needs and ensures that your family leads a comfortable life without any fina...

Unique Features

  • Pure protection plan
  • Affordable premiums
  • Flexible options

ICICI Pru Saral Jeevan Bima (Pros)

ICICI Pru Saral Jeevan Bima
  • Affordable premiums
  • Flexible premium paying term
  • Maturity age upto the age 70 years.

ICICI Pru Saral Jeevan Bima (Cons)

ICICI Pru Saral Jeevan Bima
  • No Policy Loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Saral Jeevan Bima (Other Benefits)

ICICI Pru Saral Jeevan Bima
  • Death benefit
  • No medical examination
  • Tax benefit

ICICI Pru Saral Jeevan Bima (Eligibility Criteria)

ICICI Pru Saral Jeevan Bima
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Maximum maturity age- 70 years
  • Minimum sum assured-5 Lac
  • Maximum sum assured-No limit

ICICI Pru iProtect Return of Premium provides security to you and your loved ones against all such uncertainties of life that may pose a hurdle to you...

Unique Features

  • Maturity Benefit
  • Critical Illness Cover
  • Accidental Disability Cover

ICICI Prudential iProtect Return Of Premium (Pros)

ICICI Prudential iProtect Return Of Premium
  • Life stage cover
  • Critical illness
  • Return of premium

ICICI Prudential iProtect Return Of Premium (Cons)

ICICI Prudential iProtect Return Of Premium
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Prudential iProtect Return Of Premium (Other Benefits)

ICICI Prudential iProtect Return Of Premium
  • Maturity benefit
  • Income benefit
  • Premium back

ICICI Prudential iProtect Return Of Premium (Eligibility Criteria)

ICICI Prudential iProtect Return Of Premium
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- As per plan
  • Minimum policy term-5 years
  • Maximum policy term- 20 years.

iProtect Super Term Plan by ICICI Prudential Life Insurance is an exclusive term insurance plan for self-employed individuals or business owners. This...

Unique Features

  • Term Plan for Self-employed
  • Premium Break Option
  • Smart Exit Benefit

ICICI Pru iProtect Super Term Plan (Pros)

ICICI Pru iProtect Super Term Plan
  • Flexible Policy Tenure
  • Choice of Plan Option
  • Premium Break Option

ICICI Pru iProtect Super Term Plan (Cons)

ICICI Pru iProtect Super Term Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

ICICI Pru iProtect Super Term Plan (Other Benefits)

ICICI Pru iProtect Super Term Plan
  • Death Benefits
  • Tax Benefits
  • Smart Exit Value

ICICI Pru iProtect Super Term Plan (Eligibility Criteria)

ICICI Pru iProtect Super Term Plan
  • Entry age - 18 years
  • Max entry age - 55 years
  • Min sum assured - Rs 50 lakhs
  • Max maturity age - 85 years
  • PPT - RP/SP/LP
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.