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Idbi Federal vs Pramerica 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.

Pramerica Term

Pramerica Life Insurance offers wide range of solutions to individuals as well as groups. They have PAN India presence with 137 branches.

COMPANY DETAILS

Idbi Federal

Pramerica Term

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) 3072.74 crores	Annual Premiums Collected (2024-25) 919.38 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 99.18%%
Solvency Ratio	Solvency Ratio 2.70	Solvency Ratio 2.62
Pan India Presence	Pan India Presence 3,200	Pan India Presence 134
Riders Available	Riders Available Critical Shield Rider, Accident Care Rider	Riders Available Accelerated Benefit Rider, Waiver of Premium Rider, Children& 039;s Term Insurance Rider, Return of Premium Rider, Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider
Policy Term	Policy Term 5 to 40 years	Policy Term 10 to 30 years
Inception year	Inception year 2007	Inception year 2008
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 0.039
Average claim settlement time	Average claim settlement time 30 days	Average claim settlement time 15 days
IRDAI registration number	IRDAI registration number 135	IRDAI registration number 140
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 Red Hat Innovation Award, SKOCH Awards for tech & CSR, Economic Times Sales Championship, and recognition for its high Claim Settlement Ratio (CSR)
Recommended Videos	Ageas Federal Term Insurance Plans Pramerica Term Insurance Plans Overview

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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