ABSLI Life Shield Plan Vs Kotak Signature Term Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.9%

Kotak Signature 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 is a term insurance plan that allows you to safeguard your family’s future by choosing from the 8 plan variants. You can include your spouse under the same plan for added benefits and increase the coverage as your family grows. You can easily pay premiums through single, limited or regular premium-paying options as per your family’s convenience.

Key features:

Level, Increasing or Decreasing Cover

Increase cover at life stages

Return of premiums

Joint life protection available

Waiver of premium on critical illness

Comparison

Comparison between Plans

ABSLI Life Shield Plan

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Kotak Signature Term Plan

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About Plan (9 Key Differences)

Key Features

Increase risk coverage at marriage; add terminal illness benefit; add spouse to the same plan; low cost plan option; add value through riders; death benefit paid to nominee.

High cover at economical price; instant ₹2 lakh payout on claim intimation; discounts for female lives and salaried customers; Special Exit Benefit; inbuilt health and wellbeing benefits; add value through 3 riders

Plan Entry Age

Variants 1, 3, 5, 7: 18 to 65 years.
Variants 2, 4, 6, 8: 18 to 50 years

Minimum: 18 years.
Maximum: 65 years (50 years for Pay till 60)

Plan Maturity Age

85 years

Minimum: 23 years. Maximum: 85 years

Plan Policy Term

Variants 1–6: 10–55 years.
Variants 7 & 8: 20–55 years

Minimum: 5 years.
Maximum: highest of 40 years or (85 less age at entry)

Premium Paying Term

Single Pay; Limited Pay – 6, 8, 10 years; Regular Pay

Single Pay; Limited Pay – 5, 7, 10, 15 years or Pay till 60; Regular Pay

Plan Sum Assured

Minimum: ₹25,00,000. Maximum: No limit

Minimum: ₹2,00,00,000. Maximum: No limit (subject to underwriting)

Plan Variants

Level Term Assurance; Level Term with WOP; Increasing Term; Increasing Term with WOP; Decreasing Term; Decreasing Term with WOP; Return of Premium; Return of Premium with WOP

Not Available

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Monthly, Quarterly, Half-yearly, Yearly (plus Single)

Annualised Premium

Premium amount is based on the sum assured and plan variant chosen.

Varies with age, gender, lifestyle (tobacco/non-tobacco), policy term, premium payment term, mode, distribution channel and sum assured. Maximum: no limit, depends on the sum assured (subject to underwriting).

Income Payout Term

For variants 1 & 2: Fixed annual income or Increasing annual income is paid for 10 or 15 years

Not Available

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 crore

Not Available

Payout Options

Lump sum, Installments

Lump sum

Maturity Benefit

Variants 1–6: No maturity. Variants 7 & 8: Return of premiums paid

Not Available (Special Exit Benefit returns total premiums paid if you terminate the policy, for 40-year terms)

Claim Settlement Ratio (2025-26)

98.86%

99.50%

Rider of Different Plans

ABSLI Accidental Death Benefit Rider Plus

Choose this rider for added risk protection in case of accidental death.

ABSLI Accidental Death and Disability Rider

Choose this rider for added benefits against accidental death or permanent disability.

ABSLI Critical Illness Rider

Choose this rider for additional payout on diagnosis of a critical illness.

ABSLI Surgical Care Rider

Choose this rider for payout to cover your surgery costs.

ABSLI Hospital Care Rider

Choose this payout to ease your hospital care with daily cash benefits, ICU benefits and a lump sum amount for recovery during your hospital stay.

Explore the popular searches and stay informed

˜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.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.