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Idbi Federal vs Reliance 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.

Reliance Term

Reliance Nippon Term Insurance is one of the largest non-banks-supported private life insurers with over 10 million policyholders and 713 branches.

COMPANY DETAILS

Idbi Federal

Reliance 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 (2023-24)	Annual Premiums Collected (2023-24) 2289 Cr	Annual Premiums Collected (2023-24) 5536.9 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 98.74%
Solvency Ratio	Solvency Ratio 3.1	Solvency Ratio 1.6
Pan India Presence	Pan India Presence 3,200	Pan India Presence 713+
Riders Available	Riders Available Critical Shield Rider, Accident Care Rider	Riders Available Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability 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 Reliance Life Term Insurance Plans

You can avail of the following riders with your Reliance term insurance plans as per your needs.

Name of the Riders	Benefits
Reliance Life Major Surgical Benefit Rider	Under this rider, the customers get coverage for the 33 different categories of surgeries, which include major surgeries such as open heart, kidney transplant, and lung transplant.
Reliance Life Critical Condition Rider	Under this rider, the customer gets a lumpsum payout if diagnosed with any critical illness among the 25 listed diseases.
Reliance Life Family Income Benefit Rider	This rider provides regular income to the policyholder until the rider's tenure if the policyholder is diagnosed with any critical illness or permanent disability that affects the policyholder's earning ability for more than 6 months.
Reliance Life Accidental Disability Rider	Under this rider, all the future premiums of term plans will be waived off if the policyholder has any disability due to an accident and can't earn for more than six months.

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