ABSLI Life Shield Plan vs Bajaj Life Insurance eTouch II Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.86%

Bajaj Life Insurance eTouch II Plan

Premium starts from ₹494/month

Claim Settlement Ratio

99.33%

₹1 Crore Life cover starting from ⁺

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Aditya Birla Sun Life Insurance Life Shield Plan is a customizable term insurance plan with 8 distinct plan options. It provides return of premiums at maturity and enhanced protection through optional riders. lets you choose how your cover behaves: level, rising by 5% or 10% a year, or stepping down with a loan, with a return of premium option too. This Plan offers added protection for your spouse as well.

Here are some key features of this plan:

Entry age from 18 to 65 years

Single, Limited and Regular premium paying terms

Multiple plan options

Maturity benefit available

Includes terminal illness benefit

Enhanced protection through riders

Comparison Between Plans

Parameter

Aditya Birla Sun Life Insurance Life Shield Plan

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Bajaj Life Insurance eTouch II Plan

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About Plan (9 Key Differences)

Key Features

8 plan options to choose from
Spouse can be included in the same policy
Option to enhance cover at key milestones

Premium holiday of up to 3 years
Choice of plan variant available
Option to get whole life cover

Plan Entry Age

For plan variant 1, 3, 5, 7: 18 to 65 years
For plan variant 2, 4, 6, 8: 18 to 50 years

Cover up to Age 99:
Life Shield & Life Shield Plus & Life Shield ROP: 18 - 65 years

Cover not up to Age 99:
Life Shield & Life Shield Plus: For pay till 60 option: 18 - 55 years

Life Shield ROP: For pay till 60 option: 25 - 55 years

Plan Maturity Age

85 years

Cover up to Age 99:
Life Shield: 99 years
Life Shield Plus: 85 years

Cover not up to Age 99:
Life Shield: 28 - 85 years
Life Shield Plus: 28 - 85 years

Life Shield ROP: 28 - 85 years

Plan Policy Term

Plan variant 1 - 6: 10 - 55 Years
Plan variant 7 & 8: 20 - 55 years

Cover up to Age 99:
Life Shield: 99 minus age at entry
Life Shield Plus: 85 minus age at entry

Cover not up to Age 99:
Life Shield: 10 - 85 minus age at entry
Life Shield Plus: 10 - 85 minus age at entry

Life Shield ROP: 10 - 50 years

Premium Paying Term

Single Pay
Limited Pay – 6, 8, 10 Years
Regular Pay

Cover up to Age 99:
Life Shield: Limited Premium
Life Shield Plus: Limited Premium

Cover not up to Age 99:
Life Shield: Limited Premium or Equal to Policy term
Life Shield Plus: Limited Premium or Equal to Policy term

Life Shield ROP: Limited Premium or Equal to Policy term

Plan Sum Assured

Minimum: Rs. 25,00,000
Maximum: No Limit

Minimum: Rs. 50,00,000
Maximum: No Limit

Plan Variants

Level Term Assurance
Level Term Assurance with Waiver of Premium (WOP) Benefits
Increasing Term Assurance
Increasing Term Assurance with Waiver of Premium (WOP) Benefits
Decreasing Term Assurance
Decreasing Term Assurance with Waiver of Premium (WOP) Benefits
Return of Premium
Return of Premium with Waiver of Premium (WOP) Benefit

Life Shield
Life Shield Plus
Life Shield ROP

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Terminal Illness Sum Assured

50% of Sum Assured on Death is paid on diagnosis and all future premiums are waived off

Maximum TI: 2.5 crores

If sum assured is lower than 2 crores - Sum assured on terminal illness is paid and policy terminates

If sum assured is greater than 2 crores - 2 crores are paid and policy continues for balance sum assured which will be further paid at death.

Minimum TI: Rs. 50,00,000
Maximum TI: 2 crores

Payout Options

Lump sum, Installments

Maturity Benefit

Plan variant 1-6: No maturity
Plan variant 7 & 8: Return of premiums paid

Maturity benefit is payable as return of premiums only under Life Shield ROP variant.

Claim Settlement Ratio (2025-26)

98.86%

99.33%

Riders of Different Plans

ABSLI Accidental Death and Disability Rider

On death or disability by accident, a lump sum amount is paid.

ABSLI Accidental Death Benefit Rider Plus

Include this rider for protection from accidental death.

ABSLI Hospital Care Rider

Get daily cash benefit and ICU benefit along with a lump sum payment during hospital recovery.

ABSLI Critical Illness Rider

On diagnosis of 4 specified illnesses, receive an additional lump sum payout.

ABSLI Surgical Care Rider

Get a lump sum payout to cover your surgery expenses.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

+On the basis of your profile

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10

+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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