Life Raksha Plan vs Poorna Suraksha Plan

ICICI Pru Life is a pure protection term insurance plan designed to provide affordable financial security for families. The plan offers life cover ranging from ₹50,000 to ₹5 lakh with tax benefits on premiums paid.

The plan is offered by ICICI Pru Life Insurance company and comes with tax benefits against the premiums that you pay. The premium payment term of the Life Raksha plan is regular pay for 5 years. It is to be noted that this plan does not come with any maturity or surrender benefits. 

Here are some benefits of this plan:

• 5 year regular pay
• Affordable premiums
• Tax benefits

• Short term cover
• Option to choose low sum assured

SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness cover. This Plan is designed by SBI Term Insurance to provide comprehensive protection to customers through lump-sum life insurance coverage and financial support for critical illnesses.

There's a unique feature of the plan called the 'Life Stage Re-balancing' that optimizes the level of protection covered by rebalancing between life cover and critical illness cover. Under this feature, the sum assured amount for the life cover reduces over the term whereas that of critical illness cover increases. And the best part about all this is that the premium amount remains the same throughout the term of the policy.

This plan offers life cover to 36 critical illnesses which is helpful for the policyholders to enhance their requirements with age. SBI Life Poorna Suraksha plan comes with the thought of 'Reverse Parenting' i.e., a child's precious gift to their beloved parents. As they become old, it is the responsibility of children to take care of their parents and this plan is one of the best and most affordable ways to reciprocate the same. Hence, a bunch of happiness exists in this 'Suraksha' policy.

SBI Poorna Suraksha Plan offers you a range of benefits including:

• In-built Premium Waiver
• Critical Illness Cover
• Tax Benefits As Per Laws

• Life Cover Up To 75 Years
• Life-Stage Rebalancing
• High Sum Assured Discounts