The rate chart illustrates ₹1 lakh, ₹2 lakh, ₹3 lakh, ₹4 lakh and ₹5 lakh sum-insured options.
18 to 85 years for employer-employee groups
14 to 85 years for non-employer-employee groups
IndiaFirst Group Term Plan is a yearly renewable term plan, available to members for one year from the date of issuance. Members joining during the plan year receive cover only for the balance period until the master plan renews.
Annual premium before ranges from ₹138 to ₹9,565 across the ₹1–₹5 lakh illustrations and age groups 18–34, 35–49, 50–59 and 60–70
the chart also publishes -inclusive values and joining-month adjustments.
No general waiting period is stated. Cover starts once the premium is received and any applicable underwriting criteria are met. A 30-day grace period applies to premiums falling due within the first year
if unpaid by the end of grace, cover ceases.
Minimum 10 members for employer-employee groups
20 for
50 for non-employer-employee groups
There is no maturity or survival benefit and no surrender or paid-up value. If a member dies by suicide within 12 months from the cover commencement date, the nominee receives 80% of premiums paid (excluding extra premium), rather than the full sum assured. Death benefits are otherwise payable only during the plan term after premium and underwriting conditions are met.
Minimum premium depends on premium-paying term and frequency. For 5-year pay: ₹3,654 monthly, ₹10,878 quarterly, ₹21,499 half-yearly or ₹42,000 yearly
for 7-year pay: ₹1,044, ₹3,108, ₹6,142 or ₹12,000
for 10-year pay: ₹522, ₹1,554, ₹3,071 or ₹6,000
for 12-year pay: ₹522, ₹1,554, ₹3,071 or ₹6,000. Applicable taxes are extra.
The standard (non--LI) plan has no separate waiting period stated in the reviewed brochure. If sold through the -LI channel, a 90-day waiting period applies from acceptance of risk: non-accidental death during it pays 100% of total premiums paid, while accidental death receives the entire death benefit.
Higher of 10 times annualised premium or sum assured on maturity, plus accumulated guaranteed additions
If the life assured dies by suicide within 12 months from commencement of risk or revival, the nominee receives the higher of 80% of total premiums paid to the date of death or the surrender value available then, provided the policy is in force. Other benefit limitations and underwriting conditions remain governed by the policy terms.
No health waiting period is stated for this pure term plan. If death is due to suicide within 12 months from commencement of risk (or from revival, as applicable), the nominee receives 80% of total premiums paid to date or the available surrender value, whichever is higher, provided the policy is in force.
Lump sum or monthly instalments over 5 years
The brochure's suicide clause applies for the first 12 months from commencement of risk or revival, with the 80% premium/surrender-value payment described in the waitingPeriod fact. The plan has no surrender value, no maturity or survival benefit, and no loan facility
other exclusions and claims conditions are governed by the issued policy wording.
Up to 11 times annualised premium, depending on age, payment option and Goal Protection Benefit
90 days for limited terms or 18 years for whole life
maximum 55 without Goal Protection Benefit or 50 with it
20, 30 or 40 years, or whole life to age 100
₹5 lakh single
₹48,000 yearly
₹24,500 half-yearly
₹12,500 quarterly
₹4,500 monthly
No separate medical waiting period is stated in the reviewed product page or policy document. The product instead offers Immediate Income (from the end of the first policy month) or Deferred Income, with the policy's chosen deferment period governing when income begins.
Immediate or deferred income, including income from the end of the first policy month
life cover and income up to age 100
cash and terminal bonuses if declared
If the life assured dies by suicide within 12 months from the risk commencement date or policy revival (as applicable), the nominee or beneficiary receives the higher of 80% of total premiums paid to the date of death or the surrender value at that date, provided the policy is in force. Other exclusions and underwriting conditions are governed by the policy wording.
For the -LI channel, a 90-day waiting period from acceptance of risk applies. For a non-accidental death during those 90 days, the benefit is 100% of premiums paid
accidental death receives the entire death benefit. The sheet does not state this -specific rule for other distribution channels.
Income or lump-sum option
death benefit in one payment or 5-year instalments
life cover continues for one year after one missed premium when the first two full annual premiums were paid
Suicide exclusion: if the life assured dies by suicide within 12 months of commencement of risk or revival, the nominee receives the higher of 80% of total premiums paid to the date of death or the surrender value available on that date, provided the policy is in force. The policy's waiting, lapse, paid-up and underwriting conditions also limit benefits as described in the policy document.
This deferred-annuity plan does not use a single fixed sum-insured amount. During the deferment or premium-paying period, death benefit is 105% of total premiums paid for single life (and for the second death in joint life). Under the return-of-purchase-price options after deferment, 100% of the purchase price or total premiums paid is payable as specified by the selected annuity option.
Entry age is 45 to 80 years. Minimum premium is ₹50,000 with no maximum subject to the annuity amount. Minimum annuity is ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly. Limited premium-paying terms are 2 to 10 years
Entry age is 45 to 80 years. Minimum premium is ₹50,000 with no maximum subject to the annuity amount. Minimum annuity is ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly. Limited premium-paying terms are 2 to 10 years
Not published
No separate medical waiting period is published. The annuity is deferred for the chosen premium-paying term: 2, 3, 4, 5, 6, 7, 8, 9 or 10 years. No annuity is payable during this deferment
payments start after the premium-paying term when the policy is in force.
No fixed maximum
depends on the annuity amount purchasable under the policy
Suicide exclusion applies only to a deferred annuity during the deferment period. If the annuitant (or last survivor in joint life) dies by suicide within 12 months of commencement of risk or latest revival, the higher of 80% of total premiums paid or surrender value is payable if the policy is in force
the clause does not apply during the annuity period. Critical-illness benefits also apply only to the policy's defined 20 illnesses and their stated disease-specific exclusions.
No separate medical waiting period is stated in the current policy document. Risk begins on the Policy Commencement Date shown in the schedule
the 30-day free-look and premium grace periods are administrative rights, not coverage waits.
Guaranteed income, return of total premiums at the end of income period, and death benefit as lump sum or monthly income for 5 years
optional riders available
For suicide within 12 months from commencement of risk or revival, the nominee receives 80% of total premiums paid or the surrender value, whichever is higher, provided the policy is in force. The full policy wording controls any other exclusions.
The policy schedule records the chosen Sum Assured
on death while in force, the plan pays the highest of the Sum Assured, Fund Value or 105% of total premiums paid (less applicable recent partial withdrawals), subject to the policy terms.
5 to 65 years
Regular premium: 10 to 70 years
limited premium: 10 to 25 years
single premium: 5 to 20 years
Regular, limited or single premium
No separate medical waiting period is stated. Risk cover starts on the policy commencement/risk commencement date in the policy schedule
the product's five-year lock-in limits withdrawals and proceeds but is not a medical waiting period.
Market-linked fund options with automatic trigger-based investment strategy, life cover and partial withdrawals after lock-in
For suicide within 12 months from policy commencement or revival, the nominee receives the Fund Value at death notification and eligible post-death charges are added back (rather than the normal death benefit). Investment losses and policy charges remain subject to the terms
Regular/limited pay: generally 7–10 times annualised premium depending on entry age
single pay: 1.25 times single premium, subject to the selected option and policy terms.
Minimum entry age is 91 days for the Life option and 18 years for Extra Shield or Family Care
maximum entry age is 65 years. Maturity age is 18–99 years. Policy terms range from 5 to 99 years
premium-paying terms range from 5 to 20 years. Minimum premium is ₹48,000 for regular/limited pay and ₹2,50,000 for single pay.
Policy term 5–99 years
premium-paying term 5–20 years, depending on payment mode and plan option
₹48,000 for regular or limited pay
₹2,50,000 for single pay
No health-style waiting period is published for this life-and-investment policy. Linked-policy liquidity is restricted by a 5-year lock-in: surrender or partial withdrawal proceeds generally cannot be paid before five completed policy years, subject to the death and other contingencies in the policy.
The plan has zero premium-allocation and policy-administration charges, return of mortality charges, free fund switches, 10 fund choices, six investment strategies and three plan options: Life, Extra Shield and Family Care.
Suicide exclusion: if death is due to suicide within 12 months of commencement or revival, the beneficiary receives the fund value on intimation (with later-recovered charges added back except fund-management and guarantee charges). The policy also limits or suspends risk cover after premium discontinuance, and charges/benefits are subject to the policy schedule, proposal, underwriting and applicable fund-management, mortality and discontinuance terms.
Premiums are paid for 5, 7 or 10 years while cover continues for the entire policy term.
For policies sourced through the Point of Sale () channel, a 90-day waiting period applies from acceptance of risk. During that period, a non-accidental death pays 100% of premium paid
after the period, the sum assured on death applies. Accidental death is not subject to this waiting period, and the waiting period is not applied on policy revival.
Annual guaranteed additions are provided under the policy, subject to the policy terms.
Suicide exclusion: if the life assured dies by suicide within 12 months of commencement of risk or revival, the nominee receives the higher of 80% of total premiums paid to the date of death or the surrender value at that date, provided the policy is in force. The policy also limits accidental-death and other benefits to the conditions in the policy schedule and applicable underwriting terms.
3 years for 15-year term, 8 years for 10-year term
maximum 50 years
10, 15, 20 or 25 years
₹18,000 yearly
₹9,215 half-yearly
₹4,662 quarterly
₹1,566 monthly
No separate medical waiting period is stated. Life cover starts on the Risk Commencement Date shown in the policy schedule
the normal premium, grace-period and policy conditions apply.
103% of one annualised premium before the last premium
maturity sum assured plus accrued bonus if any
one-year life-cover continuation after a missed premium once two full policy years are paid
If death is due to suicide within 12 months from commencement of risk or revival, the nominee receives the higher of 80% of total premiums paid or the surrender value, provided the policy is in force. Other benefit conditions, including premium payment and policy exclusions, are controlled by the policy wording.
Entry age is 18–70 years and maturity age is 40–80 years. Minimum policy/premium-paying term is 5 years for single pay, 15 years for 8/10-year regular pay and 16 years for 15-pay. Minimum premium is ₹60,000 yearly, ₹30,000 half-yearly, ₹15,000 quarterly, ₹5,000 monthly or ₹1,50,000 single pay. Death sum assured is 105% of total premiums paid.
Entry age is 18–70 years and maturity age is 40–80 years. Minimum policy/premium-paying term is 5 years for single pay, 15 years for 8/10-year regular pay and 16 years for 15-pay. Minimum premium is ₹60,000 yearly, ₹30,000 half-yearly, ₹15,000 quarterly, ₹5,000 monthly or ₹1,50,000 single pay. Death sum assured is 105% of total premiums paid.
Not published
Not applicable as a health-claim waiting period: this is a unit-linked pension/life plan. The brochure instead imposes a five-year liquidity lock-in
complete or partial withdrawal is not available until the end of year five.
Two options: Retire Smart pays the higher of 105% of total premiums paid or fund value on death and returns mortality charges at vesting when conditions are met
Retire Secure pays the death benefit as a lump sum, pays future premiums into the fund and continues to vesting. At vesting, the fund value is payable, with annuity or partial-commutation choices under the policy.
Investment risk is borne by the policyholder: fund values and can rise or fall and returns are not guaranteed. The five-year lock-in prevents surrender or partial withdrawal before year five
early discontinuance transfers value to the discontinued policy fund subject to discontinuance charges and applicable rules. Guaranteed additions apply only to the first policy-year premium, require annualised premium above ₹60,000, do not apply to top-ups and are recovered if cancelled during the free-look period.
Up to 100 times the annualised premium, subject to plan terms
Entry age is 3–65 years and maturity age is 18–85 years. Policy terms are 15, 20 or 25 years
premium-paying terms are 5–10 years. Minimum premium is ₹36,000 yearly, ₹18,000 half-yearly, ₹9,000 quarterly or ₹3,000 monthly, with no maximum stated. withdrawals/surrender are unavailable during the first five years.
Entry age is 3–65 years and maturity age is 18–85 years. Policy terms are 15, 20 or 25 years
premium-paying terms are 5–10 years. Minimum premium is ₹36,000 yearly, ₹18,000 half-yearly, ₹9,000 quarterly or ₹3,000 monthly, with no maximum stated. withdrawals/surrender are unavailable during the first five years.
Entry age is 3–65 years and maturity age is 18–85 years. Policy terms are 15, 20 or 25 years
premium-paying terms are 5–10 years. Minimum premium is ₹36,000 yearly, ₹18,000 half-yearly, ₹9,000 quarterly or ₹3,000 monthly, with no maximum stated. withdrawals/surrender are unavailable during the first five years.
No separate medical waiting period is stated. Risk commences from the policy commencement date. A five-year lock-in restricts withdrawal of proceeds (except specified contingencies)
it is not a medical waiting period.
Higher of fund value, sum assured or 105% of total premiums paid
For death due to suicide within 12 months from policy commencement or revival, the nominee receives the Fund Value at death intimation, with eligible post-death charges added back (rather than the normal death benefit). The policy also makes investment risk and policy charges subject to the terms
For regular and limited premiums, minimum sum assured is 7× annualised premium
the maximum is an age/term-based multiple (10× for ages 5–39 and 1.25× for ages 40–65 in the published table). For single premium, sum assured is 125% of single premium, subject to the product limits and underwriting.
For a 5-year premium-paying term, entry age is 5–55 years and maturity age is 18–70 years. For single, regular or limited pay of 10/15/20 years, entry age is 5–65 years and maturity age is 18–90 years.
Regular/limited pay: 10–85 years for 5-year , 15–85 years for 10-year , 20–85 years for 15-year and 25–85 years for 20-year . Single pay: 5–30 years. Maximum entry age is 55 for the 5-year and 65 for single/regular/limited 10-, 15- and 20-year .
Minimum regular/limited premium: ₹20,833 monthly, ₹62,500 quarterly, ₹1,25,000 half-yearly or ₹2,50,000 yearly. Minimum single premium: ₹5,00,000. Maximum premium has no stated cap, subject to the board-approved underwriting policy.
This is a linked unit-linked life policy, not a health policy
no illness waiting period is stated. A 5-year lock-in applies: linked-policy proceeds generally cannot be paid before five completed years, except on death or another covered contingency. Partial withdrawals and surrender are restricted during this lock-in.
The unit-linked savings plan offers market-linked returns, seven fund options, automatic-trigger, fund-transfer and age-based investment strategies, loyalty benefits/profit booster/loyalty advantage, unlimited free switches and premium redirection, online purchase and life cover.
The policy's material exclusions and limitations include the 5-year linked-policy lock-in, cessation/reduction of risk cover after premium discontinuance, market and risk borne by the policyholder, non-guaranteed fund performance, and policy-specific charges. The policy document also states that suicide within 12 months is handled by paying the fund value under its suicide-exclusion clause
exact terms in the policy schedule and underwriting apply.
IndiaFirst Life Insurance Company Limited (listed as the Bank of Baroda insurance partner).
₹2 lakh life cover on death from any cause, subject to the scheme's 30-day lien for non-accidental death on new enrolment.
18 to 50 years for savings-bank account holders
renewal can continue until age 55 under the scheme rules.
One year from 1 June through the following 31 May, renewable annually.
₹436 annually by auto-debit
pro-rata enrolment premiums are ₹342, ₹228 or ₹114 depending on the enrolment period.
A 30-day initial lien applies after new enrolment: no claim is admissible for death during the first 30 days from commencement of risk, except where the cause of death is accidental. The lien does not apply on subsequent renewals.
Life insurance benefit payable on death from any cause, with a 30-day initial lien for non-accidental death after new enrolment
cover is subject to one-account auto-debit and scheme conditions.
The scheme covers death due to any cause, including natural calamities, suicide and murder. The specific non-payment condition is the 30-day lien for a first-time or rejoining subscriber: death other than by accident during the first 30 days from enrolment is not payable. There is no maturity benefit or surrender value because is pure term insurance
duplicate-account enrolment is restricted to one ₹2,00,000 cover and duplicate premiums may be forfeited.
Star Union Dai-ichi Life Insurance Company (SUD Life)
Bank of India acts as corporate agent CA0035.
Basic sum assured from ₹1.5 lakh to ₹100 crore.
↑
No numeric entry-age rule is published on the reviewed BOI page
confirm with SUD Life before applying.
15, 20, 25 or 30 years.
No universal premium amount or rate table is published on the reviewed BOI page
premium depends on selected term, cover and underwriting.
No numeric waiting-period rule is published on the reviewed BOI page
consult the SUD Life policy wording for plan conditions.
Lump-sum maturity benefit, guaranteed additions and bonuses, riders for additional protection, and extended lifelong life cover equal to basic sum assured after maturity payment.
The complete exclusions schedule is not printed on the reviewed BOI page
Star Union Dai-ichi Life Insurance Company Limited (SUD Life)
BOI distributes the policy as corporate agent.
Minimum SAD: ₹31,50,000 for 5-year
₹26,25,000 for 6-year
₹15,75,000 for 8-year
₹10,50,000 for 10-year . Maximum is as per board-approved underwriting policy.
For Goal Sure, entry age is 8–45 years for 5/6/8/10-year
for Edu Sure, entry age is 8–45 years for 5-year , 8–47 years for 6-year , 8–55 years for 8-year and 8–60 years for 10-year . Maturity ages are Goal Sure 18–80 years and Edu Sure 33–67 years.
5 years → PT 15, 16, 17 or 18 years
6 years → PT 15, 16, 17 or 18 years
8 years → PT 18–22 years
10 years → PT 18–22 years.
Minimum annualised premium: ₹3,00,000 for 5-year
₹2,50,000 for 6-year
₹1,50,000 for 8-year
₹1,00,000 for 10-year . Maximum is as per board-approved underwriting policy.
No waiting-period duration is published in the reviewed BOI product page or linked SUD Life plan summary
coverage and benefit timing follow the policy commencement, underwriting and wording.
Guaranteed maturity benefit at end of term
guaranteed additions paid with maturity, surrender or death benefit
Edu Sure death benefit can include immediate SAD, monthly income through the remaining term and a lump sum equal to guaranteed maturity benefit.
Full exclusions and policy conditions are in the SUD Life brochure and wording
the BOI summary directs customers to those documents.
Star Union Dai-ichi Life Insurance Company Limited (SUD Life)
Bank of India distributes the policy as corporate agent.
For 7-pay, sum assured is 10 times the annualized premium throughout the policy term. For 12-pay, absolute sum assured is 10 times annualized premium during the first policy year.
For 7-pay: minimum 18 years and maximum 55 years. For 12-pay: minimum 18 years and maximum 50 years (age last birthday).
Life cover can run up to 45 years. For 7-pay, the maximum policy term is 45 years
for 12-pay, the maximum policy term is 40 years. Premium-paying terms are 7 years or 12 years.
A universal premium amount is not published
premium depends on sum assured, pay option, age and underwriting.
No waiting-period schedule is published on the reviewed product page.
Guaranteed income, maturity benefit and life cover
life cover for up to 45 years when policy remains in force
loan facility
tax benefits subject to prevailing law.
The complete exclusions and policy conditions are not reproduced on the BOI summary
Star Union Dai-ichi Life Insurance Company Limited (SUD Life)
BOI distributes the policy as corporate agent.
Single pay minimum sum assured is ₹3,12,500 (1.25× single premium) and is otherwise as per board-approved underwriting policy. Limited/regular pay minimum is ₹2,40,000 (10× annualised premium), with maximum ₹25,00,000.
Life assured minimum age is 30 days
policyholder minimum age is 18 years. Maximum life-assured age varies by policy term and annual premium: 45 years for 10–19-year terms and 55 years for 20–40-year terms in the published eligibility schedule.
Platinum: single pay 10–40 years
5/7/regular pay minimum 10 years
10-pay minimum 15 years and maximum 40 years. Platinum Plus: 5/7/regular pay 10–40 years and 10-pay 15–40 years
single pay is not applicable.
Minimum premium: single pay ₹2,50,000
yearly ₹24,000
half-yearly ₹12,000
quarterly ₹6,000
monthly ₹2,000. Maximum annualised premium for limited/regular pay is ₹2,50,000
single pay is as per board-approved underwriting policy.
Partial withdrawals are not available during the first five policy years
the lock-in and discontinuance rules apply as stated in the policy document.
Two options (Platinum and Platinum Plus)
no allocation charge
return of policy-administration and mortality charges on maturity subject to policy status
loyalty additions from the end of year 6 through the premium-paying term
wealth boosters every five years from the end of year 10
partial withdrawals and fund switching subject to terms.
Market and investment risk is borne by the policyholder
charge-return features do not apply to surrendered or discontinued policies as described in the BOI summary. Complete exclusions are in the policy wording.
Star Union Dai-ichi Life Insurance Company Limited (SUD Life)
BOI distributes the policy as corporate agent.
Monthly payout from ₹10,000 to ₹10,00,000, in multiples of ₹1,000.
No numeric entry-age range is published on the reviewed BOI page.
Plan 5-5-5: pay for 5 years, accumulation for 5 years and payouts in the next 5 years. Plan 7-7-7: pay for 7 years, accumulation for 7 years and payouts in the next 7 years. Corresponding policy terms are 15 or 21 years.
No universal premium amount is published
premium depends on selected monthly payout, option, term, age and underwriting.
No waiting-period schedule is published on the reviewed product page.
Annual payout equals 5 times the monthly payout during the payout period
lump sum at the end can be up to 60 times monthly payout, or 40 times for Plan 5-5-5
accidental death benefit doubles the death benefit.
The complete exclusions and policy conditions are not reproduced on the BOI summary
Star Union Dai-ichi Life Insurance Company Limited (SUD Life)
Bank of India distributes the product as corporate agent.
The reviewed page does not publish a universal sum-assured range
it publishes premium limits instead (₹20,000 minimum for limited-pay options to ₹5 crore maximum).
Entry age 35–65 years (age last birthday), subject to vesting-age rules. Minimum vesting age 55 years and maximum vesting age 70 years (age last birthday).
Published combinations: single premium for a 5-year policy term
single premium for a 10-year policy term
5-year premium-paying term for a 10-year policy term
10-year for a 15-year PT
or 15-year for a 20-year PT.
Minimum annual premium: ₹1,00,000 for single-premium
₹30,000 for 5-year limited
₹20,000 for 10-year and 15-year limited . Maximum premium: ₹5 crore for single/annual premium.
No waiting-period schedule is published on the reviewed product page.
Entry age 35–65 years
Vesting age 55–70 years
5 published /PT combinations
Minimum premium ₹20,000–₹1,00,000 by
Maximum premium ₹5 crore
No medicals stated on page
The complete exclusions and policy conditions are not reproduced on the BOI summary
Star Union Dai-ichi Life Insurance Company (SUD Life), distributed by Bank of India as corporate agent CA0035.
₹3 lakh to ₹1 crore, in multiples of ₹1,000.
No numeric entry-age rule is published on the reviewed Bank of India product page
confirm age eligibility with SUD Life before applying.
For a 10-year premium-payment term, policy terms of 15, 20 or 25 years are available. For a 15-year premium-payment term, policy terms of 20 or 27 years are available.
The reviewed BOI page does not publish a universal premium amount or rate table
premium is selected under the chosen term, payment term and underwriting rules.
No numeric waiting-period rule is published on the reviewed Bank of India product page
any plan-specific exclusions or waiting conditions are in the SUD Life sales brochure and policy wording.
Maturity benefit combines basic sum assured, accrued guaranteed additions, accrued reversionary bonuses and terminal bonus if declared
inbuilt accidental-death benefit and sum assured on death are provided.
The complete exclusions schedule is not printed on the reviewed BOI page
consult the SUD Life sales brochure and policy wording.
Star Union Dai-ichi Life Insurance Company Limited (SUD Life)
BOI distributes the policy as corporate agent.
Not separately applicable as a sum-insured amount: Saral Pension is a single-premium immediate annuity. Minimum purchase price is the amount required to provide the selected minimum annuity
maximum purchase price has no limit.
Annuitant age last birthday must be at least 40 years and not more than 80 years at application.
Single premium whole-life annuity
no fixed maturity term. Annuity may be paid yearly, half-yearly, quarterly or monthly, commencing after one year, six months, three months or one month respectively.
Minimum purchase price is the amount needed to provide the selected minimum annuity
maximum purchase price has no limit. Minimum annuity is ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly.
No waiting period is published for annuity income. Payments commence after one year, six months, three months or one month according to the yearly, half-yearly, quarterly or monthly mode selected
these are payment intervals, not a claims waiting period.
Two annuity options: life annuity with return of 100% purchase price, or joint-life last-survivor annuity with return of 100% purchase price after the last survivor’s death
no medicals
loan after six months
surrender after six months only on diagnosis of one of 20 specified critical illnesses
surrender value is 95% of purchase price less outstanding loan and interest.
The brochure states no separate suicide exclusion for this annuity product
death treatment is the same for normal and suicidal death. Full critical-illness definitions and exclusions are in pages 5–10 of the brochure.
Star Union Dai-ichi Life Insurance Company Limited (SUD Life)
BOI distributes the policy as corporate agent.
Minimum sum assured is 125% of single premium for the base plan and 125% of top-up premium for top-ups. Maximum sum assured as a multiple of single premium depends on entry age: 4.00× at ages 8–30
3.00× at 31–35
2.00× at 36–45
1.75× at 46–50
1.50× at 51–55
1.25× at 56–60.
Minimum 8 years and maximum 60 years (age last birthday).
No standalone numeric policy-term range is published on the reviewed page.
The product uses a single premium, but no universal minimum or maximum amount is published on the reviewed BOI page.
No waiting-period schedule is published on the reviewed product page.
Wealth growth through one-time investment and assured financial assistance to family on death
sum assured varies by entry age and single premium.
The complete exclusions and policy conditions are not reproduced on the BOI summary
review the SUD Life unit-linked brochure, fund documents and wording.
Not published on the reviewed Canara insurance page
the insurer’s policy wording or quote is required.
18 to 65 years at entry, subject to plan option: single premium 40
selected up-to-60 premium terms 50 or 55
non-working spouse 50 or 40 for single premium.
Policy term is selected under the plan and may run to age 99
the page does not publish a single fixed term in years.
Not published on the reviewed Canara insurance page
the insurer’s policy wording or quote is required.
Not published on the reviewed Canara insurance page
the insurer’s policy wording or quote is required.
Base death benefit with optional accidental death, accidental total/permanent disability premium protection, terminal illness, child-care and premium-block options
life cover can continue to age 99.
Not published on the reviewed Canara insurance page
the insurer’s policy wording or quote is required.
₹10,000 sum assured per member for gratuity, leave encashment, superannuation, post-retirement medical benefit and other savings schemes
the master policyholder may instead insure the scheme-defined death benefit under the OYRGTA product
Minimum age at entry 1 year
maximum age at entry is as per the scheme rules. Maturity age is also as per scheme rules.
One year, renewable annually.
₹5,000 minimum contribution at inception
the official page does not publish a maximum contribution.
Not published in the current CapAssure Gold product page, brochure, policy document or
Group fund-based life insurance for gratuity, leave encashment, superannuation, post-retirement medical benefit schemes and other savings schemes
scheme benefits follow defined-benefit, defined-contribution or hybrid rules
Suicide exclusion is not applicable. Cover can lapse when the policy-account value is insufficient to recover mortality charges and recommences once sufficient value is available. Member cover also ends on scheme-defined retirement/exit, cessation of employment, death, master-policy surrender/termination or maximum cover-ceasing age under scheme rules.
₹10 lakh to ₹60 lakh in ₹5 lakh choices, subject to board-approved underwriting
Minimum 18 years and maximum 50 years
age is measured on the last birthday.
10 years.
Regular premiums are payable for the same 10-year period as the policy term.
No general illness waiting period is published for this term plan. A 12-month suicide exclusion applies from risk commencement or revival
the policy document specifies the limited refund treatment during that period.
For an in-force policy, the lump-sum sum assured on death is the highest of the sum assured, 11 times annualized premium, or 105% of total base-product premiums paid up to death. Annualized premium excludes taxes, rider premiums, underwriting extras and modal loading.
Death by suicide within 12 months from policy commencement or revival is subject to the policy's limited refund rule rather than the normal death benefit.
Entry age: 5–50 years. Maturity age: 18–65 years (age last birthday).
Regular pay: 10–30-year policy term, with payment term equal to policy term. Limited pay: 15–30-year policy term, with 7-year or 10-year payment term.
₹36,000 yearly or ₹3,000 monthly. Maximum: no limit, subject to Life's board-approved underwriting policy.
Not published as a separate disease or claim waiting period in the reviewed eWealth Plus product page, V01 brochure/prospectus or 55-page policy document with .
Life insurance cover, online buying, no premium allocation charge and a choice of two investment strategies
If the Life Assured commits suicide within 12 months from commencement of policy or revival, the death benefit is not paid. The fund value on the date of death intimation is paid to the claimant, and risk cover ceases
charges other than Fund Management Charges recovered after death are added back to the fund value.
the maximum sum assured is offered under Life's board-approved underwriting policy.
18 to 79 years (age at last birthday)
maximum maturity age is 80 years.
One-year renewable cover
Premium is set for the selected group cover and benefits
the official page does not publish a universal numeric rate. The minimum death benefit is at least 105% of total premiums paid during the cover period, excluding explicitly collected extra premium and taxes.
No single public waiting-period duration is assigned to this product. The policy document says insurance cover for a mid-joiner commences from the date of receipt of premium
the policy schedule can specify Not Applicable, 30, 45 or 60 days for a scheme. This is separate from the 12-month suicide provision for non-compulsory schemes.
Flexible group life cover with multiple optional riders for employer-employee, non-employer-employee, affinity and professional-association groups
For compulsory employer–employee schemes, the suicide exclusion is not applicable. For other schemes, suicide within 12 months from commencement of risk or revival pays the higher of 80% of total premiums paid or unexpired risk premium, instead of the death benefit. Rider exclusions follow the selected rider terms.
the aggregate sum assured across Life group micro-insurance products is capped at ₹2,00,000 per group member.
18 to 79 years (age at last birthday)
maximum maturity age is 80 years.
One-year renewable term
Premium per member is set according to the selected sum assured
yearly, half-yearly, quarterly and monthly payment modes are available. Applicable taxes are extra.
No separate waiting period is stated in the current policy document. Benefits commence on the member's Cover Start Date after receipt of the member premium
the separate suicide claim provision applies for death within 12 months in non-employer/other schemes.
Lender-borrower, employer-employee and other non-employer-employee schemes
optional spouse cover at master-policyholder level
For employer-employee and compulsory groups, the suicide exclusion does not apply. For other schemes, suicide within 12 months from the member's Cover Start Date is not paid as the death benefit
the claimant receives 80% of premiums paid (excluding extra premium and taxes), provided cover is in force.
Optional life cover of ₹10,000 per member, if selected by the master policyholder.
18 to 79 years (age at last birthday)
maximum maturity age is 80 years.
One-year renewable (OYR)
the master policy renews annually on a continuing basis.
₹50,000 initial premium or contribution per scheme
no maximum is published. The trustee, employer or master policyholder must confirm the funding need under applicable accounting standards.
No separate waiting period is stated. Cover, where the optional ₹10,000 per-member life cover is selected, follows the member's joining/cover commencement under the master policy
the official KYP/ marks exclusions and grace for non-forfeiture as not applicable.
Employer-employee and institutional group pension funds with loyalty-unit additions, online fund switches and contribution redirections
Not applicable under the Group Pension Plus KYP/ and policy wording
the official product table does not publish a universal numeric minimum or maximum age.
Minimum 1 year
no maximum published. The term and continuation are governed by the applicable employee-benefit scheme rules.
₹50,000 per scheme at inception
₹5,000 per scheme for subsequent instalments
Not published: the reviewed product page, brochure, product guide and policy document contain no waiting-period clause. Scheme rules, funding requirements and policy conditions govern when benefits become payable.
₹10,000 payable to the nominee on a member's death under leave-encashment and gratuity schemes, in addition to the scheme benefit
No exclusions are applicable under this product. Benefits remain subject to scheme rules, availability of funds in the relevant policy accounts, applicable charges, tax law and unit-linked investment risk.
Basic Sum Assured: ₹58,000 minimum (based on minimum annualized premium) to ₹9,11,000 maximum (based on maximum annualized premium)
a ₹25,00,000 per-life cap applies to policies sold through and .
30 days to 50 years
maximum maturity age 65 years
Policy term 12, 15 or 20 years
premium payment term 6, 7 or 10 years respectively
₹12,000 to ₹75,000 per life
No general illness waiting period is stated in the official product page, brochure or . The 12-month suicide clause is an exclusion period, not a medical waiting period.
5.5% simple rate for annualised premium below ₹30,000 and 6.0% simple rate at or above ₹30,000, with life cover throughout the policy term
Suicide exclusion: if the life assured dies by suicide within 12 months from commencement of risk or revival, the death benefit is not paid
while the policy is in force, the claimant receives the higher of 80% of premiums paid or the surrender value available on the date of death.
One-year renewable term running from 1 June to 31 May
renewal continues until age 55 when the premium is paid on time.
₹436 per year
30 days from enrolment or re-joining
₹2 lakh is payable to the nominee on death from any cause after the applicable lien period, subject to the scheme rules
there is no maturity or surrender benefit.
For a new enrolment or re-joining, death other than by accident during the first 30 days from enrolment is not covered and no claim is admissible for that death
the same lien rule applies when an exited subscriber rejoins.
Death cover is the higher of the Fund Value plus a 1.5% Terminal Addition or 105% of Total Premiums Paid (including eligible top-ups). On maturity/vesting, the cover is the Fund Value plus a 1.5% Terminal Addition
proceeds are used for annuity/commutation as permitted by regulations.
Entry age: 20 to 60 years. Maturity/vesting age: 30 to 70 years (age last birthday).
Single premium: 10–35 years. Regular premium: premium-payment term equals the policy term. Limited premium: 5–8 payment years for a 10–35-year term
10 payment years for a 15–35-year term
or 15 payment years for a 20–35-year term.
Regular: ₹30,000 yearly, ₹15,000 half-yearly or ₹3,000 monthly. Limited: ₹40,000 yearly, ₹20,000 half-yearly or ₹5,000 monthly. Single: ₹1 lakh. Maximum: no limit, subject to Life's board-approved underwriting policy.
Not published: the reviewed product page, V02 brochure and linked policy document do not state a disease or claim waiting period. The separate five-year lock-in restricts surrender and withdrawal and is not a waiting-period clause.
Retirement corpus through 7 market-linked funds, loyalty additions and a terminal addition
Suicide exclusion applies when death occurs within 12 months from policy commencement or revival: the nominee receives the Fund Value at death-intimation date and eligible post-death charges other than Fund Management Charges are added back. market-risk and regulatory conditions also apply.
no maximum limit is published. For credit-linked cover, the sum assured follows the outstanding loan and amortisation schedule.
16 to 70 years at entry
maximum maturity age is 75 years. Ages are measured on last birthday.
Single-premium cover: 24–360 months
5-year premium term: 96–360 months
10-year premium term: 180–360 months. A lender-borrower policy cannot exceed the applicable loan term.
Single-premium and level-premium options are available. Payment frequency can be single, yearly, half-yearly, quarterly or monthly
the page does not publish a universal numeric premium because it depends on the loan cover and term.
Not applicable. The RiNn Raksha policy schedule explicitly states “Waiting Period: Not applicable”. The separate 3–75 month moratorium is a loan-disbursal period, not a claim waiting period
suicide within 12 months from cover start or revival follows the published exclusion.
Outstanding loan amount settled in favour of the beneficiary or lender on a covered borrower's death
If an insured member dies by suicide within 12 months from the member's risk-start date, the nominee or beneficiary receives 80% of total premiums paid up to the death date, provided the member policy is in force
The free-cover limit is the sum assured available without individual risk assessment in eligible compulsory non-contributory schemes
cover above it requires satisfactory evidence of insurability and written acceptance.
Employer–employee group members: 18 to 79 years at entry
maximum cover-ceasing/maturity age is 80 years. For cover in lieu of , the scheme rules determine the applicable age limits.
One-year renewable group life cover
the master policy renews annually, subject to its schedule and terms.
Premiums follow the payment mode and due dates shown in the policy schedule
any amount paid above the proportionate cover-period premium is refunded when a member leaves for a reason other than death. No universal numeric premium is stated in the booklet.
The policy schedule provides selectable waiting-period options of Not Applicable, 30 days, 45 days or 60 days
the applicable option is set in the issued master-policy schedule or certificate.
Life cover under the applicable Sampoorn Suraksha policy
For compulsory employer–employee schemes, the suicide exclusion does not apply. For other schemes, death by suicide within 12 months from the insured member’s risk commencement does not pay the death benefit
the claimant receives 80% of total premiums paid (excluding extra premium and explicitly collected taxes) while cover is in force. The accepted quotation and master-policy wording control the applicable clause.
₹5 lakh minimum to ₹25 lakh maximum, in multiples of ₹50,000
the maximum is subject to the board-approved underwriting policy.
18 years
5 to 40 years
limited-premium combinations require at least 10 years for a 5-year payment term and 15 years for a 10-year payment term.
₹1,415 to ₹1,01,025
45 days from commencement of risk
non-accidental death during this period receives 100% of premiums paid (excluding taxes), while accidental death remains covered subject to the policy terms.
Simple standard term cover with multiple premium payment options
A 45-day waiting period applies from commencement of risk
only accidental death is covered during it, while non-accidental death returns 100% of premiums paid excluding taxes. Suicide within 12 months pays 80% of premiums for regular/limited premium policies or 90% of single premium, subject to the policy terms.
Not applicable as a life-cover sum insured. Saral Pension is an immediate annuity: the single premium (purchase price) buys a guaranteed lifetime annuity, with 100% return of purchase price under the selected return-of-purchase-price option.
40 to 80 years
Immediate annuity with guaranteed payouts continuing for the annuitant's lifetime
no maturity value is provided.
Single premium. The purchase price is set so the selected annuity mode meets the applicable minimum instalment
there is no universal maximum, subject to the Board Approved Underwriting Policy.
No separate waiting period is published for this immediate annuity. The V03 brochure states that the grace period for non-forfeiture provisions is not applicable
annuity payments follow the selected immediate-annuity option and issued policy schedule.
Guaranteed lifetime income, loan facility and surrender option on specified critical illness
The brochure states that no exclusions apply under the plan
the policy terms and listed critical-illness definitions still govern surrender eligibility.
The current V02 brochure does not publish a separate general waiting period. It does publish a suicide claim provision for death within 12 months from commencement of risk or from revival
the contract then pays at least the stated percentage or applicable surrender value and terminates.
100% of total premiums paid in a lump sum on survival to the end of the policy term
For suicide within 12 months of commencement or revival, the nominee receives at least 80% of total premiums paid (or the applicable higher surrender value under the revival rule) and the contract terminates.
Not applicable as a life-cover sum insured. This is an annuity product: the purchase price is exchanged for the selected lifetime annuity payout, with return-of-purchase-price options governed by the selected annuity option.
Available only to subscribers of the National Pension System (). The reviewed official page does not publish a universal numeric minimum or maximum entry age
joint-life options require each annuitant to satisfy the applicable age rules and allow a maximum age difference of 30 years.
Lifetime annuity: payouts continue for the lifetime of the annuitant or at least one joint-life annuitant. Depending on the selected option, the contract terminates on death or after the purchase price is refunded to the nominee or used for the family-income continuation described on the page.
Single purchase price from corpus, set high enough to pay the applicable minimum annuity. Published instalment thresholds: ₹1,000 monthly, ₹3,000 quarterly, ₹6,000 half-yearly and ₹12,000 yearly
the leaflet notes -regulated subscribers may go below these limits. No maximum purchase price is published.
Not applicable. The current V05 policy document expressly states that no waiting period applies.
Single-life and joint-life annuities
joint-life second annuitant may be spouse, children, parents, parents-in-law or siblings subject to rules
Not applicable. The current V05 policy document lists no event exclusion for which the annuity coverage is not payable
the selected annuity option controls whether purchase price is returned on death.
No fixed sum insured is specified because this is an annuity product. The selected cover is a guaranteed annuity benefit determined by the purchase price, annuity option, annuitant age and payout mode
options may return the purchase price or balance purchase price to the nominee.
0 years for product conversion
30 years for other cases
45 years for deferred annuity
55 years for QROPS. Maximum 75 years for deferred annuity and 95 years for other options. proceeds can use the -permitted exceptions.
Immediate or deferred annuity. Deferred options allow a 1–10-year deferment period, in whole years.
Single premium. Purchase price must support at least ₹1,000 monthly, ₹3,000 quarterly, ₹6,000 half-yearly or ₹12,000 yearly annuity
there is no maximum. No lower annuity-installment limit applies when subscribers purchase from corpus.
Not published: the reviewed current product page, V10 brochure and V09 policy document do not state a waiting-period clause. Immediate or deferred timing is governed by the selected annuity option and the published deferment period.
no stated maximum, subject to the board-approved underwriting policy.
Life option: entry from age 3. Life Plus: entry from age 18. Maximum entry age is 50, and maximum maturity age is 65 (age last birthday).
Regular pay or 7-year limited pay: 15–30-year policy term. 10-year or 15-year limited pay: 20–30-year policy term.
Regular pay: ₹12,000 yearly, ₹6,120 half-yearly or ₹1,020 monthly. Limited pay: ₹15,000 yearly, ₹7,650 half-yearly or ₹1,275 monthly. Maximum: no limit, subject to underwriting. The stated minimums exclude any underwriting loading.
A 180-day waiting condition applies only to establishing permanence for the Accidental Total Permanent Disability benefit
it is not applicable where loss is caused by physical severance. The policy does not publish a separate general disease or life-cover waiting period.
Life and Life Plus benefit options
Life Plus includes accidental death and accidental total permanent disability benefits
Suicide within 12 months of risk commencement or revival: higher of 80% of total premiums paid or surrender value, if the policy is in force. Life Plus AD/ATPD exclusions include infection (except qualifying wound infection), alcohol/solvent/drug abuse, self-inflicted injury, criminal acts, war/civil commotion, specified military/police service, nuclear contamination, non-commercial flying and hazardous/professional sports.
Limited pay: 7× annualized premium. Single pay: 1.25× single premium.
Entry age: 18–55 years for limited pay, or 18–60 years for single pay. Maximum maturity age: 70 years (age last birthday).
Limited pay: 15–30-year policy term with a 7-, 10- or 12-year payment term. Single pay: 5–30-year policy term, paid once at inception.
Limited pay: ₹2.5 lakh yearly, ₹1.25 lakh half-yearly, ₹62,500 quarterly or ₹21,000 monthly. Single pay: ₹2.5 lakh. Values are in multiples of ₹100
maximum has no stated limit, subject to underwriting.
No separate general disease or life-cover waiting period is published. For the in-built Accident Benefit, accidental death must occur within 180 days of an accident during the policy term, and accidental total permanent disability must persist for at least 180 days to establish permanence (subject to the policy's physical-severance and other terms).
Gold or Platinum cover options, in-built accidental benefit, nine fund choices, fund switching/redirection and partial withdrawals from the sixth policy year
Suicide within 12 months of policy commencement or revival: the fund value at death intimation is paid and risk cover ceases
non-FMC charges recovered after death are added back. Accident Benefit is excluded for infection except qualifying external wounds, alcohol/solvent/drug abuse (unless medically directed), self-inflicted injury, criminal acts, war/civil commotion, specified military/police service, nuclear contamination, non-commercial aviation and hazardous or professional sports/pastimes.
Regular and limited pay: 10× annualized premium. Single pay: 1.25× single premium.
Entry age: 2–55 years. Maturity age: 18–70 years (age last birthday). For a minor life, the selected term must ensure majority at maturity.
Regular pay: 15–30 years, with payment term equal to policy term. Limited pay: 15–30 years with 7/10/12-year payment term, or 20–30 years with 15-year payment term. Single pay: 5–30 years with one payment at inception.
Regular pay: ₹40,000–₹2.5 lakh yearly. Limited pay: ₹50,000–₹2.5 lakh yearly. Single pay: ₹65,000–₹2.5 lakh. Maximum is subject to Life's board-approved underwriting policy.
No separate general disease or life-cover waiting period is published. For the in-built Accident Benefit, accidental death must occur within 180 days of an accident during the policy term, and accidental total permanent disability must persist for at least 180 days to establish permanence.
Guaranteed additions linked to policy term, multiple investment options and life cover
Suicide within 12 months of policy commencement or revival: the fund value at death intimation is paid, risk cover ceases and post-death non-FMC charges are added back. Accident Benefit exclusions cover infection except qualifying external wounds, alcohol/solvent/drug abuse except medically directed use, self-inflicted injury, criminal acts, war or civil commotion, specified military/police service, nuclear contamination, non-commercial aviation and hazardous or professional sports/pastimes.
no stated maximum subject to board-approved underwriting
30 days to 15 years
7, 10 or 12 years
7, 10 or 12 years
No separate general waiting period is published. The policy has a 12-month suicide provision from commencement of risk or revival, and the proposer’s accidental total permanent disability must persist for 180 days to establish permanence (not applicable for physical severance).
Life cover
in-built waiver of future premiums on proposer death or accidental total permanent disability
bonuses
lump-sum or instalment maturity payout up to 7 years
Suicide within 12 months from commencement of risk or revival: death benefit is not payable
the higher of 80% of total premiums paid or surrender value is paid and the policy terminates. Proposer waiver is not applied for suicide within 12 months and excludes infection, drug/alcohol abuse, self-inflicted injury, criminal acts, war/civil commotion, military service, nuclear contamination, aviation and hazardous sports.
Minimum basic sum assured is 10 times annualised premium.
Entry age: 30 days to 55 years
maximum maturity age: 100 years. Age is measured as age last birthday.
Policy term equals 100 minus age at entry. Choose a 10-, 12- or 15-year premium-payment term.
Minimum annualised premium is ₹30,000, in multiples of ₹1,000
maximum is subject to board-approved underwriting. Yearly, half-yearly and monthly modes are available. Monthly is 8.50% and half-yearly 51.0% of annualised premium.
Not published as a separate disease or claim waiting period in the reviewed product page, V02 brochure, product guide, policy document or customer information sheet.
Guaranteed survival income starts at the end of the premium payment term
non-guaranteed cash bonus, if declared, may be payable from the end of the seventh policy year
If the Life Assured commits suicide during the policy term within 12 months from commencement of risk or revival, the death benefit is not paid. For an in-force base policy, Life pays 80% of total premiums paid from commencement of risk, or the higher of 80% of total premiums paid and surrender value when the event follows revival
maximum 45 years through / channels and 60 years through other channels
6, 7, 8 or 10 years
Annualised premium from ₹50,000
Not published as a separate disease or claim waiting period in the reviewed product page, brochure, guide, policy document or
Regular guaranteed income during payout years, flexible life-stage options and optional rider protection
Suicide within 12 months from commencement of risk or revival: death benefit is not payable
the nominee receives at least 80% of total premiums paid, or the higher of 80% of premiums and surrender value after revival, if the policy is in force
No separate general waiting period is published. The policy has a 12-month suicide provision from commencement of risk or revival, and the proposer’s accidental total permanent disability must persist for 180 days to establish permanence (not applicable for physical severance).
Child education savings
Life cover
Maturity benefits
Suicide within 12 months from commencement of risk or revival: death benefit is not payable
the higher of 80% of total premiums paid or surrender value is paid and the policy terminates. Proposer waiver is not applied for suicide within 12 months and excludes infection, drug/alcohol abuse, self-inflicted injury, criminal acts, war/civil commotion, military service, nuclear contamination, aviation and hazardous sports.
Regular or limited premium: 7 times annualised premium. Single premium: 1.25 times single premium.
Regular/limited premium entry age: 8–55 years
single premium: 13–55 years
maturity age: 18–70 years.
Regular premium: 10–30 years, with premium-payment term equal to policy term. Limited premium: 15–30 years, with a premium-payment term from 5 years to one year less than the policy term. Single premium: 5–30 years.
₹6,00,000 yearly
₹3,00,000 half-yearly
₹1,50,000 quarterly
₹50,000 monthly
or ₹6,00,000 single pay
Not published as a separate general disease or claim waiting period in the reviewed product page, brochure and policy document. The policy instead publishes a five-year lock-in and a 12-month suicide exclusion
neither is a general medical waiting period.
Life cover, 12 fund choices, loyalty additions from the end of the sixth policy year, unlimited free switches and partial withdrawals from the sixth policy year or age 18, whichever is later
If suicide occurs within 12 months from commencement or revival, the nominee or beneficiary receives fund value available on the date the death claim is intimated. Charges other than fund-management charges deducted after death are added back.
Limited-pay or regular-pay: 10 × annualised premium. Single-pay: 1.25 × single premium. The policy schedule sets the issued rupee amount and underwriting limits apply.
Parent/life assured: 18 to 50 years at entry
child: 0 to 17 years at entry. At maturity the child must be at least 18 and may be up to 25
parent maximum maturity age is 65.
8 to 25 years, subject to the child being at least 18 years old at maturity. Premium paying term: single pay once
limited pay 5 years to policy term minus 1 year
regular pay equal to the policy term.
Minimum premium: single pay ₹75,000
yearly ₹50,000
half-yearly ₹25,000
quarterly ₹15,000
monthly ₹5,500. Single-pay maximum is not capped on the page and remains subject to Board-approved underwriting.
No separate general disease or claim waiting period is published in the reviewed page and policy booklet. The policy does publish a five-year lock-in, a 12-month suicide exclusion, and a 180-day persistence/claim timing rule for accidental total and permanent disability
these are not general medical waiting periods.
Death benefit is the higher of Sum Assured or 105% of total premiums paid
future premiums are waived after death of the life assured and the fund value is paid at maturity. Accidental death adds the Accident Benefit Sum Assured
accidental total and permanent disability pays that amount in 10 yearly instalments. The plan also provides loyalty additions, 10 fund options and partial withdrawals from the 6th policy year.
Suicide within 12 months of commencement or revival pays only fund value
the Accident Benefit excludes infection except from an accidental external wound, alcohol/solvent or non-prescribed drug use, intentional self-injury or attempted suicide, criminal acts, war/civil commotion/strikes/riots, military or police operations, nuclear contamination, aviation other than a commercially licensed passenger, and hazardous sports or pastimes such as diving, racing, martial arts, hunting, mountaineering, parachuting and bungee-jumping.
Minimum sum assured ₹25 lakh, in multiples of ₹1 lakh
maximum has no fixed limit and is subject to Life's Board-approved underwriting policy.
Minimum 18 years for non-whole-life cover and 45 years for whole-life cover
maximum varies by option and payment mode
Single or regular pay: 5 years to 79 years less age at entry
limited pay: 15–30 years for other-than-whole-life cover depending on payment term, or whole-life cover up to age 100. Increasing Cover requires at least a 10-year policy term.
Single premium from ₹12,000
other premium modes from ₹2,500 annually, ₹1,275 half-yearly or ₹210 monthly, before taxes
Not published. The reviewed Smart Shield Plus product page and complete 44-page policy document do not state a separate disease or claim waiting period
the policy does publish a distinct 12-month suicide exclusion.
Level cover, increasing cover (sum assured increases 5% each year) or level cover with future-proofing
optional Better Half Benefit and Accident Benefit Rider
cover option up to age 100
Suicide claim provision: if death due to suicide occurs within 12 months from commencement of risk or from revival, the nominee or beneficiary receives 80% of total premiums paid to the date of death or the unexpired risk premium value at death, whichever is higher, provided the policy is in force.
Minimum sum assured is ₹2,00,00,000 in ₹1,00,000 multiples. The maximum is not fixed on the product page and is subject to the Board-approved underwriting policy. Sum Assured on Death is the highest of the absolute amount assured, 11 × annualised premium or 105% of total premiums paid
increasing cover rises by 10% at the end of every 5th policy year up to 100% of the original sum assured, with no further increase after age 71.
Minimum entry age 18 years
maximum entry age 60 years. Maximum maturity age is 85 years.
Minimum policy term 10 years
maximum is 85 years minus age at entry. Regular premium term equals the policy term. Limited premium options are 5, 10, 15, 20 or 25 years, with policy-term combinations constrained by the published table.
Minimum premium: ₹9,500 yearly, ₹4,500 half-yearly or ₹800 monthly. Maximum premium is not capped on the page and is subject to Board-approved underwriting. Half-yearly premium is 51% of annualised premium
monthly is 8.50% of annualised premium.
No separate general medical or claim waiting period is published in the reviewed product page or policy document. The only time-based claim restriction published is the 12-month suicide exclusion from commencement of risk or revival
normal cover applies once risk starts and the policy is in force.
Level Cover keeps the original sum assured level
Increasing Cover adds 10% at the end of every 5th policy year up to 100% of the original sum assured, stopping after age 71. Death benefit is payable during the in-force policy term. No maturity benefit is payable. Optional Life Accident Benefit Rider offers accidental-death and accidental-partial-permanent-disability options.
Suicide within 12 months from commencement of risk or revival is excluded from the death benefit
the claimant receives the higher of 80% of total premiums paid or the Unexpired Risk Premium Value, provided the policy is in force. The pure-risk policy has no other general exclusion list on its product page
the optional Accident Benefit Rider has separate terms and exclusions.
₹5,00,000 minimum and ₹24,90,000 maximum. Sum assured must be in ₹50,000 multiples for / channels and ₹10,000 multiples for other channels.
Entry age is 18–50 years for / channels and 18–60 years for other channels. Maximum maturity (cover expiry) age is 65 years for / and 75 years for other channels
age is measured at last birthday.
Policy term is 15–30 years. Single premium, LPPT-7 and LPPT-10 are available for 15–30 years
LPPT-15 is available for 20–30 years
regular premium is available for 15–30 years. Payment frequency may be single, yearly, half-yearly or monthly.
Published premium ranges are: single ₹19,000–₹7,79,000
yearly ₹5,000–₹1,80,000
half-yearly ₹2,550–₹91,800
monthly ₹425–₹15,300. Half-yearly is 51% of annual premium and monthly is 8.50% of annual premium.
No waiting period applies under the product.
↓
Term life cover, return of premium on survival and optional Accident Benefit Rider
If suicide occurs within 12 months from risk commencement or revival, the nominee/beneficiary receives at least 80% of total premiums paid (subject to the policy being in force and the page's stated conditions)
Basic Sum Assured starts at ₹25,00,000, in multiples of ₹50,000. No maximum is published
higher amounts are subject to the Board-approved underwriting policy.
Entry age: 18 to 60 years. Maximum age at maturity: 75 years. Age is measured as age last birthday on the proposal date.
Limited-pay (LPPT) 7- or 10-year payment terms allow a 15–30-year policy term
LPPT 15 allows 20–30 years
regular premium (RP) allows 10–30 years.
Yearly, half-yearly and monthly payment modes are available. Minimum premium: ₹6,000 yearly, ₹3,060 half-yearly and ₹510 monthly. Maximum premium is not limited, subject to Board-approved underwriting. Half-yearly loading is 51.00% of annual premium and monthly loading is 8.5%.
Not published as a separate disease or claim waiting period in the reviewed product page, leaflet, policy document or customer information sheet.
Life cover with total refund of premiums upon survival at the end of the policy term
If suicide occurs within 12 months from commencement of risk or revival, the death benefit is not paid. For an in-force base policy, the claimant receives the higher of 80% of total premiums paid up to death or the surrender value available at death.
Not applicable as a sum-insured benefit: the product is an annuity purchased with a single purchase price, and the published benefit is an annuity instalment (minimum ₹1,000 monthly, ₹3,000 quarterly, ₹6,000 half-yearly or ₹12,000 yearly).
30 years minimum for most annuity options
45 years minimum under deferred annuity options
maximum 85 years
The master policy continues until the last annuitant is alive and/or annuity is being paid under the scheme rules
member annuity may be immediate or deferred by 1 to 10 years.
Single purchase price is set so the selected annuity option can pay at least ₹1,000 monthly, ₹3,000 quarterly, ₹6,000 half-yearly or ₹12,000 yearly
no maximum is published and the price is subject to the board-approved underwriting policy.
No separate waiting period is published. Immediate annuity payments begin under the selected option and deferred options postpone payouts for the chosen 1–10 year deferment period
this deferment is not a claim waiting period.
Retirement income
Immediate or deferred annuity
Four payout frequencies
No exclusions are applicable under this product, according to the current official product page.
Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.
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IndiaFirst Life Guaranteed Benefit PlanBank of Baroda
IndiaFirst Life Guaranteed Pension Plan (143N066V05)Bank of Baroda
IndiaFirst Life Money Balance PlanBank of Baroda
IndiaFirst Life Radiance Smart Invest PlanBank of Baroda
IndiaFirst Life Saral Bachat Bima PlanBank of Baroda
IndiaFirst Life Smart Pay PlanBank of Baroda
IndiaFirst Life Smart Retirement PlanBank of Baroda
IndiaFirst Life TULIP PlusBank of Baroda
IndiaFirst Life Wealth Maximizer PlanBank of Baroda
SBI Life CapAssure GoldState Bank of India
SBI Life eWealth PlusState Bank of India
SBI Life Group Cover ShieldState Bank of India
SBI Life Group Micro ShieldState Bank of India
SBI Life Group Micro Shield - SPState Bank of India
SBI Life Group Pension PlusState Bank of India
SBI Life Kalyan ULIP PlusState Bank of India
SBI Life Smart Platina SupremeState Bank of India
SBI Life Swarna Jeevan PlusState Bank of India
