Idbi Federal vs Icici Term Insurance

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Idbi Federal vs Icici Term Insurance

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 (2024-25)

Annual Premiums Collected (2024-25)

3072.74 crores

Annual Premiums Collected (2024-25)

950.71
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

98.52%%

Payout Options

99.33%%
Solvency Ratio

Solvency Ratio

2.70

Solvency Ratio

213.2%
Pan India Presence

Pan India Presence

3,200

Pan India Presence

506
Riders Available

Riders Available

Critical Shield Rider, Accident Care Rider

Riders Available

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

Policy Term

5 to 40 years

Policy Term

5 to 40 years
Inception year

Inception year

2007

Inception year

2001
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.035

Complaint ratio per ₹1 crore of premium collected

0.011
Average claim settlement time

Average claim settlement time

30 days

Average claim settlement time

30 Days
IRDAI registration number

IRDAI registration number

135

IRDAI registration number

105
Awards and recognitions

Awards and recognitions

& 039;Indian Achievers’ Award for CEO of the Year, 2020-21, ndia’s Best Workplaces in BFSI 2020, Service Provider of the Year 2019

Awards and recognitions

Top Life Insurance Brand in the “BrandZ, 1st Prize for Innovation at the Qimpro Awards 2014, Best Life Insurance Product" for ICICI Pru Wish
Recommended Videos
Ageas Federal Term Insurance Plans

Ageas Federal Term Insurance Plans

ICICI Prudential Term Insurance Review 2026

ICICI Prudential Term Insurance Review 2026

Overview

Ageas Federal Term Insurance: Overview

Ageas Federal Life Insurance is a joint venture between Ageas and Federal Bank. It offers multiple term insurance plans designed to provide financial security and family protection.

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 the
key features
of this plan?

  • 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 Ageas Federal Term Insurance Plans

There are various riders that you can avail with Ageas Federal term insurance plans as per your needs.

Name of the Rider Benefits
Ageas Federal Accident Care Rider Protection against accidental death and a range of accident-related benefits. 2X benefit in case of death due to an Airplane or Train Accident
Ageas Federal Critical Shield Rider Covers up to 50 critical illnesses. Choose between two variants.
Flexible rider sum assured
Ageas Federal Linked Accident Rider Protection against accidental death and a range of accident-related benefits.

 

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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 Prudential iProtect Smart is a comprehensive term insurance plan that offers life cover, protection against critical illness, and disability cov...

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

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 is a pure protection term insurance plan designed to provide affordable financial security for families. The plan offers life cover ran...

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 term plan that gives both health & life insurance. Apart from life coverage, this policy offers coverage again...

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

ICICI Prudential iCare II is a pure, non-linked term insurance plan designed to provide affordable and reliable financial protection, especially for i...

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 Prudential Life Insurance offers ICICI Pru Loan Protect, a non-participating term insurance plan designed to secure borrowers against outstandin...

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 (Pros)

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

ICICI Pru iProtect Super Term (Cons)

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

ICICI Pru iProtect Super Term (Other Benefits)

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

ICICI Pru iProtect Super Term (Eligibility Criteria)

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

ICICI Prudential iProtect Smart Plus is a comprehensive term insurance plan that offers life cover up to 99 years along with optional protection again...

Unique Features

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

ICICI Pru iProtect Smart Plus (Pros)

ICICI Pru iProtect Smart Plus
  • Choice of Plan Option
  • Death Benefits
  • Insta Claim Payment

ICICI Pru iProtect Smart Plus (Cons)

ICICI Pru iProtect Smart Plus
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

ICICI Pru iProtect Smart Plus (Other Benefits)

ICICI Pru iProtect Smart Plus
  • Premium Break Option
  • Premium Discounts
  • Choice of Premium Payment Tenure

ICICI Pru iProtect Smart Plus (Eligibility Criteria)

ICICI Pru iProtect Smart Plus
  • Entry age - 18 years
  • Max entry age - 55 years
  • Min sum assured - Rs 50 lakhs
  • Max maturity age - 85 years
  • PPT - RP/SP/LPEntry 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.