Bajaj Allianz Life Smart Protection Goal VS SBI Life eShield Next Plan

Minimum- 18 years

ROP: Pay-till-60 Option – 25 years

Maximum – 65 years

ROP: Pay-till-60 Option – 55 years

For Critical Illness Benefit – 65 years

Minimum:

For Whole Life – 45 years

For other than Whole Life – 18 years

Maximum:

65, 60, and 55 years depending on the plan option chosen

Option to choose:

• Return of Premium (ROP) as Maturity Benefit
• The whole of Life covers up to age 99 years
• Option to get covered for listed Critical Illnesses available

• Level Cover
• Increasing Cover
• Level Cover with Future Proofing Benefit

For Life Cover:

With ROP and without ROP – 85 years

Whole Life – 99 years

For critical illness benefit option:

With ROP – 75 years

Without ROP – 80 years

Whole Life – 80 years

Single premium – 85 years

Regular premium – 85 years

LPPT:

Whole Life – 100 years

Other than Whole Life – 85 years

Life cover:

Minimum – Rs. 50 lakhs

Maximum – As per Board Approved

Underwriting Guidelines

Critical illness benefit:

Minimum – Rs. 5 lakhs

Maximum – Rs. 1 crore

Minimum:

Through online (company’s website) and web aggregator channel – Rs. 50 lakhs

For other distribution channels – Rs. 75 lakhs

Maximum:

For non-smoker lives – No limit

For smoker lives – Rs. 99 lakhs

Surrender value is available, subject to below conditions –

• For Regular premium with ROP, if at least two full years’ premiums under a policy are paid
• For Limited premium –

1. with ROP only if at least two full years’ premiums under a policy are paid
2. without ROP option only after the premium payment term

For regular premium – No surrender benefit

For single premium – The surrender value payable is 70% of single premium.

For limited premium payment – The policy acquires surrender value only if the first 2 full consecutive years’ premium have been paid. The surrender value payable is – Surrender value factor x Total premiums paid.

This benefit is payable on the death of the Life Assured during the policy term. The nominee/legal heir will receive the Sum Assured (as chosen by you at inception). The policy will terminate on payment of the Death

Benefit.

In case of death of Life assured during the policy term, the company will pay the “Sum Assured on Death,” which is:

For Regular and Limited Premium Policies: Higher of the following:

• 10 times the Annualised premium, or
• Absolute amount Assured to be paid on death, or
• 105% of the total premiums received up to the date of death

For Single Premium Policies: Higher of the following:

• 1.25 times of Single premium, or
• Absolute amount Assured to be paid on death.