ABSLI Life Shield Plan vs Kotak e-Term Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.9%

Kotak e-Term Plan

Premium starts from ₹506/month

Claim Settlement Ratio

99.5%

₹1 Crore Life cover starting from ⁺

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Know More About Plans

ABSLI Life Shield Plan is a term plan built for people whose protection needs change over time. You decide whether your sum assured stays fixed, rises 5% or 10% each year, falls as your loan reduces, or is returned to you as premiums at the end. A waiver of premium can be attached so that your policy continues without further payments after a covered critical illness or permanent disability. The plan can also cover your spouse, and your family can be paid in one go or as a mix of lump sum and yearly income

Key features of ABSLI Life Shield Plan

8 plan options for different protection needs

Return of premium on maturity (Options 7 and 8)

Joint Life Protection for your spouse at 50% of your cover

Inbuilt Terminal Illness Benefit

Waiver of premium on 14 critical illnesses or disability

Enhanced Life Stage Protection at marriage and childbirth

5 optional riders

ABSLI Life Shield vs Kotak e-Term: Comparison Table

Parameter

ABSLI Life Shield Plan

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Kotak e-Term

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About Plan (9 Key Differences)

Key features

8 plan options; return of premium; joint life; terminal illness benefit

3 plan options; 3 payout options; Step-Up up to 300%; Special Exit Value; wellness benefits

Plan variants

Level, Level + WOP, Increasing, Increasing + WOP, Decreasing, Decreasing + WOP, Return of Premium, Return of Premium + WOP

Life, Life Plus, Life Secure

Sum assured on death (regular/limited pay)

Highest of 10× annualised premium, 105% of premiums paid, or effective sum assured

Highest of sum assured, 11× annualised premium, or 105% of premiums paid

Accidental death cover

Only through a rider

Inbuilt under Life Plus: extra 100% of basic sum assured, max ₹1 Cr

Waiver of premium

On critical illness (14 conditions) or TPD, Options 2, 4, 6, 8

On TPD only, Life Secure

Terminal illness benefit

50% of sum assured, max ₹2.5 Cr, plus premium waiver

Not mentioned in the brochure

Increasing/decreasing cover

Increasing 5% or 10% a year (simple); decreasing schedule for loans

Not available; Step-Down allowed once for ₹500

Life-stage cover increase

Marriage 50% (max ₹50 lakh), 1st and 2nd child 25% each (max ₹25 lakh); up to age 50

Marriage 50%, first home 50%, each child 25%, 1st/3rd/5th anniversary 25%; total cap 300%; up to age 45; fee 3–5% of premium; not online

Entry age

18–65 (Options 1, 3, 5, 7); 18–50 (WOP Options 2, 4, 6, 8)

18–65; 18–50 for Pay till 60

Maturity age

Max 85

Min 23; max 85 (Life, Life Secure), 75 (Life Plus)

Policy term

10–55 years (15–55 for 10-pay); 20–55 for ROP Options 7 and 8

Min 5 years (regular, single); max higher of 40 years or up to age 75/85

Premium payment term

Single, Limited 6/8/10 years, Regular

Single, Limited 5/7/10/15 years, Pay till 60, Regular

Sum assured

Min ₹25 lakh; no max (underwriting)

Min ₹51 lakh; no max (underwriting)

Payment modes

Annual, semi-annual, quarterly, monthly

Single, yearly, half-yearly, quarterly, monthly

Modal loading

0% / 4% / 6% / 8%

Half-yearly 51%, quarterly 26%, monthly 8.8% of annual premium

Discounts

10% on spouse premium under Joint Life

5% first-year discount for salaried or existing Kotak customers

Riders Available Under These Plans

ABSLI Accidental Death and Disability Rider (109B018V03)

Provides an additional payout on accidental death or disability.

ABSLI Accidental Death Benefit Rider Plus (109B023V02)

Provides an additional payout on accidental death. You can choose this or the Accidental Death and Disability Rider, but not both.

ABSLI Critical Illness Rider (109B019V03)

Pays a lump sum on diagnosis of a covered critical illness.

ABSLI Surgical Care Rider (109B015V03)

Provides benefits for covered surgeries.

ABSLI Hospital Care Rider (109B016V03)

Provides benefits for hospitalisation.

ABSLI riders are not available with Joint Life Protection or the decreasing-cover Options 5 and 6. Under Kotak, the rider premium type and payment mode must match those of the base plan.

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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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