Pramerica Term
vs
Birla Sun Life

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Pramerica Term vs Birla Sun Life

Pramerica Term

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

Birla Sun Life

Birla Sunlife or ABSLI is a part of Aditya Birla Capital. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial.

COMPANY DETAILS Edit Pramerica Life Term Insurance

Pramerica Term

Edit Aditya Birla Life Insurance Company Limited

Birla Sun Life

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

1495.39 Cr

Annual Premiums Collected (2023-24)

Rs 15069.69 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

98.8%

Payout Options

98.12%
Solvency Ratio

Solvency Ratio

4.1

Solvency Ratio

1.7
Pan India Presence

Pan India Presence

131

Pan India Presence

1048+
Riders Available

Riders Available

Accidental Death Benefit Rider, Accidental and Total Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider

Riders Available

Comprehensive Critical Illness Rider, Waiver of Premium Rider, Accidental Death and Disability Rider, Critical Illness Rider, Accidental Death Benefit Rider Plus
Policy Term

Policy Term

10 to 30 years

Policy Term

10 to 55 years

Know More About Companies

Overview

Pramerica Term Insurance: Overview

Pramerica Life, established in year 2008 offers a vast range of insurance products to their customers. One such product is Pramerica Term Insurance. It offers high coverage at an affordable premium by ensuring that your family is financially protected by offering a lump sum payout in the event of death during the policy term.

What are some of the
Benefits
that set them apart?

  • Attractive premiums

  • Flexible premium payment option

  • Critical illness cover

  • Accidental death benefit

  • Premium waiver option

  • Long-term protection

  • Tax benefits

  • Additional rider to enhance protection

Riders

Riders You Can Avail With Pramerica term insurance Plans

Name of the Riders Benefits
Pramerica Life Accidental Death Benefit Rider Under this rider, if the policyholder dies after 180 days of the occurrence of the accident, an additional benefit equal to the rider sum assured will be payable to the nominee with immediate effect.
Pramerica Term Accidental and Total Permanent Disability Rider Under this rider, upon the policyholder’s disability due to an accident, a rider sum assured will be paid for the treatment and managing monthly expenses.
Pramerica Term Critical Illness Rider Under this Rider, if the policyholder is diagnosed with any of the listed 36 critical illnesses, a rider sum assured will be paid to the nominee.
Pramerica Term Waiver of Premium Rider IUnder Pramerica’s Life waiver of premium rider, if the policyholder is diagnosed with any of the listed 40 critical illnesses or is fully disabled due to an accident then all the future premiums of the ongoing term plan will waived off with immediate effect.

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Aditya Birla Term Insurance

Explore India’s best-selling Term insurance plans below

Birla Sunlife or ABSLI is a part of Aditya Birla Capital. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial.

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insu...

Unique Features

  • Avail 8 Plan Options
  • Flexible-Premium Payment
  • Cover for Spouse

Aditya Birla Life Shield Plan (Pros)

Aditya Birla Life Shield Plan
  • 105% of total death benefit
  • Tax benefits as per law
  • Return of premium

Aditya Birla Life Shield Plan (Cons)

Aditya Birla Life Shield Plan
  • No policy loan
  • No critical illness
  • no tax benefit

Aditya Birla Life Shield Plan (Other Benefits)

Aditya Birla Life Shield Plan
  • Suicide Cover After 12 Months
  • Discount for Non-Smokers
  • 5% online discount

Aditya Birla Life Shield Plan (Eligibility Criteria)

Aditya Birla Life Shield Plan
  • Min entry age-1 years
  • Max entry age-65 years
  • Min. sum assured-25 Lac
  • Max. sum assured- No limit
  • Premium payment term-Regular/limited

ABSLI Poorna Suraksha Kawach is a comprehensive plan that offers the benefit of return of premium and early return of premium along with the life insu...

Unique Features

  • 6 Plan option
  • Increasing or decreasing SA benefit
  • Special exit value

ABSLI Poorna Suruksha Kawach (Pros)

ABSLI Poorna Suruksha Kawach
  • Death benefit
  • Return of Premium
  • Critical illness benefit

ABSLI Poorna Suruksha Kawach (Cons)

ABSLI Poorna Suruksha Kawach
  • No Policy Loan
  • No investment option
  • No terminal illness benefit

ABSLI Poorna Suruksha Kawach (Other Benefits)

ABSLI Poorna Suruksha Kawach
  • Maturity benefit
  • Tax benefit
  • Surrender benefit

ABSLI Poorna Suruksha Kawach (Eligibility Criteria)

ABSLI Poorna Suruksha Kawach
  • Minimum entry age- 18 years
  • Maximum entry age-65 years
  • Maximum sum assured-20 crore
  • Minimum policy term-5 years
  • Maximum policy term-55 years

Keeping things simple is not always wrong, but we often choose to make things more complicated for ourselves. To eliminate this, Aditya Birla Sun Life...

Unique Features

  • Simple Protection Plan
  • Flexible Premium Payment
  • Covers Accidental Death

Aditya Birla Saral Jeevan Bima (Pros)

Aditya Birla Saral Jeevan Bima
  • High-life cover
  • Accidental death
  • Flexible premium payment

Aditya Birla Saral Jeevan Bima (Cons)

Aditya Birla Saral Jeevan Bima
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Aditya Birla Saral Jeevan Bima (Other Benefits)

Aditya Birla Saral Jeevan Bima
  • Hassle-free buying process
  • Tax benefits
  • Optional Riders

Aditya Birla Saral Jeevan Bima (Eligibility Criteria)

Aditya Birla Saral Jeevan Bima
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 5 lakhs
  • Max maturity age - 70 years

ABSLI Anmol Suraksha Kawach plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Capital. If You are looking for a term...

Unique Features

  • Offer short term protection
  • Affordable premiums
  • Flexible premium payment term

Aditya Birla Anmol Suraksha Kawach Plan (Pros)

Aditya Birla Anmol Suraksha Kawach Plan
  • Short term cover
  • high sum assured
  • flexible premium payment

Aditya Birla Anmol Suraksha Kawach Plan (Cons)

Aditya Birla Anmol Suraksha Kawach Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Aditya Birla Anmol Suraksha Kawach Plan (Other Benefits)

Aditya Birla Anmol Suraksha Kawach Plan
  • Tax-benefits
  • Hassle-free buying process
  • coverage up to 60 years

Aditya Birla Anmol Suraksha Kawach Plan (Eligibility Criteria)

Aditya Birla Anmol Suraksha Kawach Plan
  • Entry age - 23 years
  • Max entry age - 55 years
  • Min sum assured - 50 lakhs
  • Max maturity age - NA

ABSLI DigiShield Plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Life Insurance Company. On opting for this plan, ...

Unique Features

  • Large Sum Insured
  • Many Plan Options
  • Affordable Premium

Aditya Birla Sunlife Digishield Plan (Pros)

Aditya Birla Sunlife Digishield Plan
  • Level cover option
  • Increasing cover
  • Income benefit

Aditya Birla Sunlife Digishield Plan (Cons)

Aditya Birla Sunlife Digishield Plan
  • No sucide cover
  • No policy loan
  • no pre-exiting cover

Aditya Birla Sunlife Digishield Plan (Other Benefits)

Aditya Birla Sunlife Digishield Plan
  • Smart exit value
  • Premium break
  • Sum assured top-up

Aditya Birla Sunlife Digishield Plan (Eligibility Criteria)

Aditya Birla Sunlife Digishield Plan
  • Min entry age-18 yrs
  • Max. entry age-65 yrs
  • Min. sum assured-30 Lac
  • Max. sum assured-no limit
  • Plan payment- Limited/regular.
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.