Idbi Federal vs Icici Term Insurance

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

Idbi Federal

Ageas Federal Life Insurance (AFLI) is one of India’s prominent life insurance companies that work towards offering best insurance solutions. They are a joint venture between Ageas and Federal Bank.

Icici Term Insurance

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

COMPANY DETAILS Edit Ageas Federal Life Insurance

Idbi Federal

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)

2289 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

96.06%

Payout Options

99.3%
Solvency Ratio

Solvency Ratio

3.1

Solvency Ratio

1.9
Pan India Presence

Pan India Presence

3,200

Pan India Presence

506
Riders Available

Riders Available

Critical Shield Rider, Accident Care Rider

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 75 years

Policy Term

5 to 30 years

Know More About Companies

Overview

Ageas Federal Term Insurance: Overview

Ageas Federal Term Insurance plans help you secure your family and offer financial security in case of your untimely demise. Ageas Federal Life Insurance offers 4 term insurance plans to suit your different needs: Termsurance Life Protection, Income Protect, Saral Jeevan Bima, and iSecure Plan. The Ageas Federal term plan offers key features such as the return of premium, income options in case of death, additional discounts, and tax benefits (T&Cs apply). 

What are some of the
Benefits
that set them apart?

  • Get your money back,

  • Avail high sum assured discount,

  • Get life cover at affordable premiums,

  • Tax benefits under section 80C or 10 (10D),

  • Special premium rates for women,

  • Increased sum assured option,

  • Monthly income benefit,

  • Optional accidental death benefit, etc.

 

Riders

Riders You Can Avail With ICICI Term Insurance Plans

We have provided you a list of additional riders that a policyholder can choose from. 

Name of the Rider Benefits
ICICI Prudential Accidental Death Rider Offers an additional payout in case the insured dies due to an accident during the policy tenure.
ICICI Prudential Critical Illness Plus Rider A lump sum is offered if the policyholder is diagnosed with any of the critical illnesses mentioned in the policy document.
ICICI Prudential Permanent & Partial Disability Rider The insurance company pays a certain sum assured for the next five or ten years in case of permanent or partial disability.
ICICI Prudential Income Benefit Rider Offers a regular source of income to the family in case of the demise or disability of the policyholder.
ICICI Prudential Waiver of Premium Rider It will waive all future premiums in case of the policyholder’s death, and the benefits of the policy will remain the same.

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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 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.

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

iProtect Smart Plus Term Plan by ICICI Prudential Life Insurance is an exclusive term insurance plan that provides financial security to your loved on...

Unique Features

  • Choice of Plan Option
  • Premium Break
  • Insta Claim Payment

ICICI Pru iProtect Smart Plus Plan (Pros)

ICICI Pru iProtect Smart Plus Plan

ICICI Pru iProtect Smart Plus Plan (Cons)

ICICI Pru iProtect Smart Plus Plan

ICICI Pru iProtect Smart Plus Plan (Other Benefits)

ICICI Pru iProtect Smart Plus Plan

ICICI Pru iProtect Smart Plus Plan (Eligibility Criteria)

ICICI Pru iProtect Smart Plus Plan
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.