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IndiaFirst Annuity Plan
IndiaFirst Annuity Plan

Reliance Online Term
Reliance Online Term



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IndiaFirst Annuity Plan
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Reliance Online Term

IndiaFirst Annuity Plan and Online Term Details

1 Details
1.1 Insurance Provider
IndiaFirst Life Insurance Company
Reliance Life Insurance
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
60.43%
Rank: 21 (Overall)
73.63%
Rank: 14 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
72.00%
Rank: 14 (Overall)
84.00%
Rank: 11 (Overall)
Edelweiss Tokio My Life Plus Details
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
73.13 %
Rank: 22 (Overall)
81.97 %
Rank: 19 (Overall)
DHFL Pramerica Family Income Details
1.3 Type
Annuity Plan
Term Life Insurance Plan
1.4 Status
In-force
In-force
1.5 Online
50% Term Plans Life insurance plans have it !
50% Term Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
40 years
Rank: 26 (Overall)
18 years
Rank: 17 (Overall)
Bajaj Allianz Cash Assure Details
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
80 years
Rank: 6 (Overall)
55 years
Rank: 22 (Overall)
Reliance Classic Plan 2 Details
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
Not Available
Rank: N/A (Overall)
28 years
Rank: 17 (Overall)
Shriram Secure Investment Plan Details
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
Not Available
Rank: N/A (Overall)
75 years
Rank: 12 (Overall)
LIC New Children Money Back Plan Details
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
Not Available
Rank: N/A (Overall)
10 years
Rank: 8 (Overall)
HDFC Life New Group Unit Linked Plan Details
ADD ⊕
1.7.2 Max Term
TATA AIA Fortun..
Not Available
Rank: N/A (Overall)
35 years
Rank: 16 (Overall)
HDFC Life New Group Unit Linked Plan Details
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1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
Not Available
Rank: N/A (Overall)
₹ 2500000
Rank: 71 (Overall)
ICICI Pru Immediate Annuity Plan Details
1.8.2 Min Sum Assured (Variable)
Not Applicable
Not Applicable
1.8.3 Max Sum Assured
IDBI Federal Lo..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Kotak Gratuity Plus Group Plan Details
1.8.4 Max Sum Assured (Variable)
Not Applicable
No Limit
1.9 Group Plan
5% Term Plans Life insurance plans have it !
5% Term Plans Life insurance plans have it !
1.9.1 Group Type
Not Applicable
Not Applicable
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan Details
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance Details

Details of IndiaFirst Annuity Plan and Online Term

Comparison of the plans can be based on details of IndiaFirst Annuity Plan and Online Term like eligibility criteria, policy term, returns etc. for these two plans. First policy is one of the Annuity Plans whereas second policy is one of the Term Life Insurance Plans. First policy is provided by IndiaFirst Life Insurance Company (Claim settlement ratio is 72.00%) and second policy is provided by Reliance Life Insurance (Claim settlement ratio is 84.00%). Claim settlement ratio provides a percentage of ratio of claims payed by the company to the number of claims received by the company. IndiaFirst Annuity Plan can be bought online and Reliance Online Term can be bought online. Plans that can be bought online have an added advantage as it saves one from the hassle of going to the agent and then buying insurance policies.

Eligibility Criteria for IndiaFirst Annuity Plan And Online Term

Eligibility criteria for IndiaFirst Annuity Plan and Online Term define the minimum/maximum entry age and minimum/maximum vesting age for these two plans. Eligibility and vesting age are main aspects of IndiaFirst Annuity Plan and Online Term details. Vesting age is also known as maturity age i.e. the age when your policy matures and you can acquire its benefits. For the former insurance plan, minimum entry age is 40 years and maximum entry age is 80 years. Also,minimum vesting age is not available whereas maximum vesting age is not mentioned. Similarly for the later insurance plan, minimum entry age is 18 years and maximum entry age is 55 years. Also for the second plan, minimum vesting age is 28 years whereas maximum vesting age is 75 years.

Policy Term Details

Policy term details for IndiaFirst Annuity Plan and Reliance Online Term include the minimum and maximum policy terms for the said insurance plans. Policy term is a time period during which an insurance policy is valid. After completion of policy term, one can renew the policy or get sum assured by terminating the policy. For IndiaFirst Annuity Plan, minimum policy term is not mentioned and maximum policy term is not mentioned Similarly for Reliance Online Term, minimum policy term is 10 years and maximum policy term is 35 years.

Returns From IndiaFirst Annuity Plan and Online Term

Sum assured is a part of returns from IndiaFirst Annuity Plan and Online Term. Sum assured is the amount of money you receive along with applicable bonus at the end of the policy term. In event of your untimely demise before the end of the policy term, your family will receive this money. Depending on the type of plan, returns may or may not be fixed. Variable returns can be in terms of IndiaFirst Annuity Plan and Reliance Online Term Benefits. For the former plan, minimum sum assured is not mentioned in the plan and maximum sum assured is not provided in the plan.Similarly, for the later plan, minimum sum assured is ₹ 2500000 and maximum sum assured is not mentioned in the plan. Sometimes, a fixed sum assured is not available but a variable sum assured depending upon the policy term you choose, the amount of money you pay as premium, etc. is provided by the insurer. Benefits of group plans maybe somewhat different. Some plans require medical examination before you buy the policy.

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