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Compare ICICI Prudential Vs MAX Life Insurance

iProtect Smart Lumpsum

₹975/month

Max Coverage Upto

99 yrs

Claim Settlement Ratio

99.17%

Average Claim Trend

97.42%

Smart Total Elite Protection

₹989/month

Max Coverage Upto

85 yrs

Claim Settlement Ratio

99.7%

Average Claim Trend

99.5%

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Compare icici prudential vs max life insurance

iProtect Smart Lumpsum ₹ 975monthly

Smart Total Elite Protection ₹ 989monthly

Max Coverage Upto

99 Years
85 Years

Claim Settlement Ratio Death claims settled in a financial year

99.17 %
99.7 %

Average Claim Trend Last 3 Years Average Claim Ratio

97.42%
99.5%

Death Claim Paid Claim amount paid in FY21-22 on Death claims

1950 Crores
1242 Crores

Online Discount Discount available when policy is purchased online

5 % Off
NA

Premium Payment Option

Regular Pay
Pay For : 5/7/10/15/Policy Term - 5 Years

60 Years of age
Regular Pay
Pay For : 5/10/12/15 Years

60 Years of age

Return of Premium PlanPay & get entire amount on maturity

View Plans
View Plans

Free Look PeriodPeriod of time in which a new life insurance policy owner can terminate the policy (deductions applicable basis T&C)

30 days
30 days

Tax BenefitReceive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws

Plan Features

Claim Settlement Promise

24hr claim settlement
24hr claim settlement

Terminal IllnessDeath benefit of the life assured shall be paid upon diagnosis of a Terminal Illness.

Free(As an add-on)
Free(As an add-on)

Death Due To AccidentIf death happens due to an accident, this rider offers you additional sum assured over and above the base sum assured

Disability Due To AccidentIn case of permanent disability, dismemberment (loss of the use of certain body parts) due to accident, this rider pays you regularly for next 5-10 yrs in a certain percentage of Sum Assured

Critical IllnessCover 9 or fewer illness

Cash For HospitalizationIn case of hospitalization, fixed per day benefit will be paid to you for each day of Hospitalization. This is a fixed amount not linked to the actual expenses incurred.

Insurer Details

Inception

2000
2002

Solvency RatioThe solvency ratio of the insurance company is the size of its capital against the all risk it has taken. It is an indicator of the insurance company's long-term survival

2
2.04

Grievances SolvedGrievances are the indicator of how good company is handling their customer's query

99.97%
100%

No. of Branches

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Term Plan Comparison

Term insurance is essential because it provides financial security for your loved ones in case of your untimely death. It ensures they can cover expenses like loans, education, and daily living costs, even in your absence. Comparing term insurance policies from different insurers helps you find the best coverage at the most affordable price, tailored to your specific needs.

When comparing term insurance policies from two of the top Indian insurers like Icici Prudential And Max Insurance Life Insurance, consider factors like the premium amounts, the sum assured, and the policy tenure. Look at the claim settlement ratios to understand how reliable each insurer is in paying out claims. Additionally, check for any riders or additional benefits offered, such as critical illness rider or accidental death benefits.

To simplify this process, you can use Policybazaar's comparison tool. This tool allows you to quickly and conveniently compare various term insurance policies side-by-side. It highlights key differences, benefits, and costs, helping you make an informed decision without the hassle of manually researching each policy. By using Policybazaar's comparison tool, you save time and ensure you choose the best term insurance policy that fits your financial goals and provides peace of mind for your family's future.