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IndiaFirst Guaranteed Retirement Plan
IndiaFirst Guaranteed Retirement Plan

Reliance Term Plan
Reliance Term Plan



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IndiaFirst Guaranteed Retirement Plan
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Reliance Term Plan

IndiaFirst Guaranteed Retirement and Term Plan 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
Pension 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 ..
0 years
Rank: N/A (Overall)
21 years
Rank: 20 (Overall)
Bajaj Allianz Cash Assure Details
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1.6.2 Max Entry Age
ICICI Pru Immed..
55 years
Rank: 22 (Overall)
60 years
Rank: 18 (Overall)
Reliance Classic Plan 2 Details
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1.6.3 Min Vesting Age
Canara HSBC Sma..
40 years
Rank: 25 (Overall)
26 years
Rank: 15 (Overall)
Shriram Secure Investment Plan Details
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1.6.4 Max Vesting Age
Bharti AXA Life..
80 years
Rank: 7 (Overall)
65 years
Rank: 20 (Overall)
LIC New Children Money Back Plan Details
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1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
5 years
Rank: 3 (Overall)
5 years
Rank: 3 (Overall)
HDFC Life New Group Unit Linked Plan Details
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1.7.2 Max Term
TATA AIA Fortun..
40 years
Rank: 15 (Overall)
30 years
Rank: 17 (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..
₹ 100000
Rank: 33 (Overall)
₹ 500000
Rank: 61 (Overall)
ICICI Pru Immediate Annuity Plan Details
1.8.2 Min Sum Assured (Variable)
Depends on Premium Payment Mode
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)
No Limit
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 Guaranteed Retirement and Term Plan

Comparison of the plans can be based on details of IndiaFirst Guaranteed Retirement and Term Plan like eligibility criteria, policy term, returns etc. for these two plans. First policy is one of the Pension 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 Guaranteed Retirement Plan cannot be bought online and Reliance Term Plan cannot 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 Guaranteed Retirement And Term Plan

Eligibility criteria for IndiaFirst Guaranteed Retirement and Term Plan define the minimum/maximum entry age and minimum/maximum vesting age for these two plans. Eligibility and vesting age are main aspects of IndiaFirst Guaranteed Retirement and Term Plan 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 0 years and maximum entry age is 55 years. Also,minimum vesting age is 40 years whereas maximum vesting age is 80 years. Similarly for the later insurance plan, minimum entry age is 21 years and maximum entry age is 60 years. Also for the second plan, minimum vesting age is 26 years whereas maximum vesting age is 65 years.

Policy Term Details

Policy term details for IndiaFirst Guaranteed Retirement Plan and Reliance Term Plan 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 Guaranteed Retirement Plan, minimum policy term is 5 years and maximum policy term is 40 years. Similarly for Reliance Term Plan, minimum policy term is 5 years and maximum policy term is 30 years.

Returns From IndiaFirst Guaranteed Retirement and Term Plan

Sum assured is a part of returns from IndiaFirst Guaranteed Retirement and Term Plan. 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 Guaranteed Retirement Plan and Reliance Term Plan Benefits. For the former plan, minimum sum assured is ₹ 100000 and maximum sum assured is not provided in the plan.Similarly, for the later plan, minimum sum assured is ₹ 500000 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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