ABSLI Life Shield Plan Vs HDFC Life QuickProtect

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.9%

HDFC Life QuickProtect

Premium starts from ₹518/month

Claim Settlement Ratio

99.7%

₹1 Crore Life cover starting from ⁺

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Know More About Plans

ABSLI Life Shield offers fixed, rising, falling or return-of-premium cover, each available with a waiver of premium if you are diagnosed with a covered critical illness or become permanently disabled. You can add your spouse to the same policy, and your family can take the payout as a lump sum or a staggered income. With Plan Option 1 or 2 and regular premiums, you can raise your cover on marriage or the birth of a child wgithout fresh medical tests.

Here are some key features of this plan:

8 plan options

Terminal Illness Benefit

Joint Life Protection

Enhanced Life Stage Protection

Waiver of Premium on Critical Illness or Disability

Spouse Covered in the Same Policy

Comparison

Comparison between Plans

ABSLI Life Shield Plan

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HDFC Life QuickProtect

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About Plan (9 Key Differences)

Key Features

8 plan options
joint life cover
life-stage cover top-up
terminal illness payout

Term cover + accidental death + disability income + critical illness in one bundle
no medicals

Plan variants

Level, Increasing, Decreasing, Return of Premium — each with or without Waiver of Premium

Flexi Package (age 18–45) and fixed ₹75 lakh Package (age 46–50); ROP or Non-ROP

Entry age

Min 18; max 65 (options 1, 3, 5, 7) or 50 (options 2, 4, 6, 8)

Min 18; max 45 (Flexi) or 50 (fixed package)

Maturity age

Max 85 years

LiMin 23, max 75 years

Sum assured

Min ₹25 lakh; no maximum (subject to underwriting)

Base life cover ₹25–40 lakh (age 18–45) or ₹25 lakh (age 46–50); total package cover shown up to ₹1.21 crore

Policy term

10–55 years (min 15 for 10-year limited pay; min 20 for ROP options)

Regular pay: 5–40 years; Limited pay: fixed 10-year term

Premium payment term

Single, Limited (6, 8, 10 years) or Regular pay

Regular pay, or Limited pay of 5 years

Premium modes

Annual, half-yearly, quarterly, monthly (modal loading 0%, 4%, 6%, 8%)

Not stated in the leaflet

Critical illness cover

No payout; future premiums waived on 14 listed critical illnesses (WOP options only), or via optional CI rider

₹10 lakh lump sum on 19 critical illnesses (Critical Illness Plus Rider, built in)

Accidental cover

Optional rider

Built in: ADB equal to base cover, plus monthly income for 10 years on accidental total permanent disability

Death benefit payout

Lump sum, or 58% upfront + fixed or increasing annual income for 10/15 years

Lump sum, as per Click 2 Protect Life terms

Return of premium

Options 7 and 8: all base premiums returned on survival

ROP version available, subject to underwriting

Spouse cover

Yes — Joint Life Protection at 50% of your cover

Medical tests

As per underwriting guidelines

No medicals

Insurer claim settlement ratio (FY 2025–26)

98.86%

99.72%

Rider of Different Plans

Accidental Death and Disability Rider

Pays a benefit if you die or become disabled because of an accident

Accidental Death Benefit Rider Plus

Pay an extra amount to your family if you die in an accident

Critical Illness Rider

Pays a benefit when a covered critical illness is diagnosed

Surgical Care Rider

Pays a benefit when you undergo a specified surgery.

Hospital Care Rider & ABSLI Hospital Care Rider

Pays a benefit while you are in hospital & benefit for hospitalisation.

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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 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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