Idbi Federal vs Lic Term

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  • Premiums starting @Rs 15/day
  • 30-day grace period
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Idbi Federal vs Lic Term

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.

Lic Term

One of the most trusted and legacy insurance names. LIC started its journey 6 decades ago and more than 250 million people are associated with the brand.

COMPANY DETAILS Edit Ageas Federal Life Insurance

Idbi Federal

 Edit LIC Term Insurance

Lic Term
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)

Rs 474668.14 crores
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

98.6%
Solvency Ratio

Solvency Ratio

3.1

Solvency Ratio

1.8
Pan India Presence

Pan India Presence

3,200

Pan India Presence

2000+
Riders Available

Riders Available

Critical Shield Rider, Accident Care Rider

Riders Available

Accidental Death and Disability Benefits Rider, Accidental Death Benefits Rider, Critical Illness Rider, Premium Waiver Benefit Rider
Policy Term

Policy Term

10 to 75 years

Policy Term

5 to 35 years
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Know More About Companies

Overview

Ageas Federal Term Insurance: Overview

Ageas Federal Life Insurance is backed by some major players, including Europe's life insurance major Ageas and India's leading bank, Federal.

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 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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LIC Term Insurance

Explore India’s best-selling Term insurance plans below

One of the most trusted and legacy insurance names. LIC started its journey 6 decades ago and more than 250 million people are associated with the brand.

LIC Jeevan Amar

LIC Jeevan Amar

LIC Jeevan Amar plan is a non-linked, non-participating, without profit, offline pure protection term insurance plan. With several benefits, LIC Jeeva...

Unique Features

  • Rebate on High Sum Assured
  • Discounted Premium for Women
  • Add-on cover with Accident Benefit Rider

LIC Jeevan Amar (Pros)

LIC Jeevan Amar
  • Choose your policy term
  • Flexibility to choose from two benefit
  • Special rates for women

LIC Jeevan Amar (Cons)

LIC Jeevan Amar
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Jeevan Amar (Other Benefits)

LIC Jeevan Amar
  • High sum assured rebate
  • Choose the riders of your choice
  • Attractive premium rates for non-smokers

LIC Jeevan Amar (Eligibility Criteria)

LIC Jeevan Amar
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 25 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

LIC Tech Term Plan

LIC Tech Term Plan

LIC's Tech Term plan is a non-linked, non-participating online, pure risk premium plan, that provides financial protection to the insured's family in ...

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women

LIC Tech Term Plan (Pros)

LIC Tech Term Plan
  • Choose from two benefit options
  • Opt for payment of benefit in installments
  • Special rates for women

LIC Tech Term Plan (Cons)

LIC Tech Term Plan
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Tech Term Plan (Other Benefits)

LIC Tech Term Plan
  • High sum assured rebate
  • Choose your policy term
  • Enhance your protection with riders

LIC Tech Term Plan (Eligibility Criteria)

LIC Tech Term Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 50 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

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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.

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