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IndiaFirst Maha Jeeven Plan
IndiaFirst Maha Jeeven Plan

Star Union Dai ichi Aayushmaan
Star Union Dai ichi Aayushmaan



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IndiaFirst Maha Jeeven Plan
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Star Union Dai ichi Aayushmaan

IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan

1 Details
1.1 Insurance Provider
IndiaFirst Life Insurance Company
Star Union Dai-ichi Life Insurance
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
60.43%
Rank: 21 (Overall)
91.54%
Rank: 3 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
72.00%
Rank: 14 (Overall)
94.00%
Rank: 4 (Overall)
Edelweiss Tokio My Life Plus
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
73.13 %
Rank: 22 (Overall)
92.83 %
Rank: 5 (Overall)
DHFL Pramerica Family Income
1.3 Type
Whole Life Insurance Plan
Whole Life Insurance Plan
1.4 Status
In-force
In-force
1.5 Online
50% Term Plans Life insurance plans have it !
29% Whole Life Insurance Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
5 years
Rank: 5 (Overall)
18 years
Rank: 17 (Overall)
Bajaj Allianz Cash Assure
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
65 years
Rank: 15 (Overall)
50 years
Rank: 26 (Overall)
Reliance Classic Plan 2
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
18 years
Rank: 7 (Overall)
Not Available
Rank: N/A (Overall)
Shriram Secure Investment Plan
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
75 years
Rank: 12 (Overall)
70 years
Rank: 16 (Overall)
LIC New Children Money Back Plan
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
10 years
Rank: 8 (Overall)
15 years
Rank: 13 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.7.2 Max Term
TATA AIA Fortun..
25 years
Rank: 20 (Overall)
30 years
Rank: 17 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
₹ 50000
Rank: 17 (Overall)
₹ 150000
Rank: 42 (Overall)
ICICI Pru Immediate Annuity Plan
1.8.2 Min Sum Assured (Variable)
Not Applicable
Not Applicable
1.8.3 Max Sum Assured
IDBI Federal Lo..
₹ 200000000
Rank: 5 (Overall)
₹ 1000000000
Rank: 1 (Overall)
Kotak Gratuity Plus Group Plan
1.8.4 Max Sum Assured (Variable)
Not Applicable
Not Applicable
1.9 Group Plan
5% Term Plans Life insurance plans have it !
No Whole Life Insurance Plans Life insurance plans has 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
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance
2 Premium
2.1 Minimum Premium
2.1.1 Min Premium
Kotak Preferred..
₹ 522
Rank: 7 (Overall)
Not Available
Rank: N/A (Overall)
HDFC Life Group Credit Protect Insurance Plan
2.1.2 Min Premium (Variable)
Depends on Premium Paying Mode
Not Mentioned
2.2 Maximum Premium
2.2.1 Max Premium
Metlife Traditi..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana
2.2.2 Max Premium (Variable)
Not Applicable
Not Mentioned
2.3 Payment Options
Regular Pay
Regular Pay
2.4 Regular Modes
Annual, Monthly, Semi-Annual
Annual, Monthly, Quarterly, Semi-Annual
2.5 Top Up
Not Allowed
Not Allowed
2.5.1 Top Up Value
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Pension Plus
3 Loan And Benefits
3.1 Loan
6% Term Plans Life insurance plans have it !
59% Whole Life Insurance Plans Life insurance plans have it !
3.2 Surrender
45% Term Plans Life insurance plans have it !
94% Whole Life Insurance Plans Life insurance plans have it !
3.2.1 Surrender Value
Higher of the Guaranteed Surrender Value and Special Surrender Value
Depends on total premiums paid
3.3 Benefits
3.3.1 Tax
All Term Plans Life insurance plans have it !
98% Whole Life Insurance Plans Life insurance plans have it !
3.3.2 Tax Benefit Amount
Applicable as per the Tax Laws
Applicable as per tax laws
3.3.3 Service Tax
Applicable
Not Applicable
3.3.4 Maturity
28% Term Plans Life insurance plans have it !
89% Whole Life Insurance Plans Life insurance plans have it !
3.3.5 Maturity Benefit Amount
Maturity amount (sum assured)
Sum assured plus accrued bonuses
3.3.6 Death
97% Term Plans Life insurance plans have it !
99% Whole Life Insurance Plans Life insurance plans have it !
3.3.7 Death Benefit Amount
Lump sum amount will be payable which depends upon the type of Plan option chosen
Sum assured plus accrued bonuses
3.3.8 Annuity
3% Term Plans Life insurance plans have it !
No Whole Life Insurance Plans Life insurance plans has it !
3.4 Bonus
Reversionary Bonus, Terminal Bonus
Reversionary Bonus, Terminal Bonus
4 Provisions
4.1 Renewal
75% Term Plans Life insurance plans have it !
76% Whole Life Insurance Plans Life insurance plans have it !
4.1.1 Renewal Period
Bajaj Allianz R..
2 years
Rank: 3 (Overall)
2 years
Rank: 3 (Overall)
HDFC Life Group Unit Linked Pension Plan
4.2 Riders
4.2.1 Accidental Death
44% Term Plans Life insurance plans have it !
51% Whole Life Insurance Plans Life insurance plans have it !
4.2.2 ADBR Description
Not Applicable
Available with the plan
4.2.3 Critical Illness
25% Term Plans Life insurance plans have it !
29% Whole Life Insurance Plans Life insurance plans have it !
4.2.4 CI Description
Not Applicable
Not Applicable
4.2.5 Term Rider
No Term Plans Life insurance plans has it !
11% Whole Life Insurance Plans Life insurance plans have it !
4.2.6 TR Description
Not Applicable
Not Applicable
4.2.7 Permanent Disability
14% Term Plans Life insurance plans have it !
30% Whole Life Insurance Plans Life insurance plans have it !
4.2.8 PD Description
Not Applicable
Available with the plan
5 Terms and Conditions
5.1 Grace Period
LIC Jeevan Raks..
15 Days
Rank: 2 (Overall)
30 Days
Rank: 1 (Overall)
HDFC Group Term Insurance
ADD ⊕
5.2 Free Look Period
Mera Term Plan
15 Days
Rank: 2 (Overall)
15 Days
Rank: 2 (Overall)
Reliance Online Term
ADD ⊕
5.3 Exclusion On Base Policy
Not Applicable
Suicide Clause
5.4 Charges
5.4.1 Premium Allocation
8% Term Plans Life insurance plans have it !
4% Whole Life Insurance Plans Life insurance plans have it !
5.4.2 Premium Allocation Charge
Not Applicable
Not Available
5.4.3 Policy Administration
6% Term Plans Life insurance plans have it !
2% Whole Life Insurance Plans Life insurance plans have it !
5.4.4 Policy Administration Charge
Not Applicable
Not Available
5.4.5 Fund Management
6% Term Plans Life insurance plans have it !
2% Whole Life Insurance Plans Life insurance plans have it !
5.4.6 Fund Management Charge
Not Applicable
Not Available
5.4.7 Mortality
8% Term Plans Life insurance plans have it !
6% Whole Life Insurance Plans Life insurance plans have it !
5.4.8 Mortality Charge
Not Applicable
Not Available
5.4.9 Switching
Not Allowed
Not Allowed
5.4.10 Switching Charge
Reliance Group ..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.4.11 Partial Withdrawal
Not Allowed
Not Allowed
5.4.12 Partial Withdrawal Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Aviva Live Smart Plan
5.4.13 Premium Redirection
Not Allowed
Not Allowed
5.4.14 Premium Redirection Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.5 Group Members
5.5.1 Addition
Not Allowed
Not Allowed
5.5.2 Deletion
Not Allowed
Not Allowed
5.6 Medical Examination
56% Term Plans Life insurance plans have it !
78% Whole Life Insurance Plans Life insurance plans have it !

Compare IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan

Compare IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan on basis of policy details, premium details, eligibility etc. IndiaFirst Maha Jeeven Plan is provided by IndiaFirst Life Insurance Company. Star Union D I Aayushmaan is provided by Star Union Dai-ichi Life Insurance. Both these policies come under Term Plans. Online buying option is available for first insurance policy and online buying option is not available for second policy.

Minimum entry age for IndiaFirst Maha Jeeven Plan is 5 years and maximum entry age for the same policy is 65 years. Similarly for Star Union Dai ichi Aayushmaan, minimum entry age is 18 years and maximum entry age is 50 years. Depending upon the selected plan, the premium amount and payment options may be different. Premium is the amount you pay to the insurance company in exchange of life cover. Premium payment option/s for former policy: Regular Pay and premium payment option/s for latter policy: Regular Pay. In regular pay mode, you are supposed to pay this money at fixed intervals throughout the policy term whereas for limited pay mode, you are supposed to pay money only for a limited number of years.

Benefits of IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan

Benefits of IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan consist of maturity benefit, tax benefit, death benefit etc. Some IndiaFirst Maha Jeeven Plan and Star Union Dai ichi Aayushmaan Provisions are made for a policy holder. Loan is one such provision. For first plan, a person cannot apply for loan and second plan provides loan facility. Following are the benefits under these insurance policies.

For IndiaFirst Maha Jeeven Plan:

  • Tax benefit: Available.
  • Maturity benefit: Available.
  • Death benefit: Available.

For IndiaFirst Maha Jeeven Plan:

  • Tax benefit: Available.
  • Maturity benefit: Available.
  • Death benefit: Available.

If the policy has tax benefit, it means that the premium you pay for the policy is eligible for deduction in tax returns along with a part of money you receive on maturity of the policy. If the policy has death benefit, in event of death of the policy holder, all the money paid as premium shall be returned to his family. Even bonus is added to this money for some policies. Thus his family can stay financially secure. Maturity benefit is the money you get at the end of the policy term. This is the total of all the premiums you have paid along with applicable bonus.

Provisions under IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan

Provisions under IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan mainly include policy renewal and different types of riders. For IndiaFirst Maha Jeeven Plan, policy renewal is allowed Policy renewal is allowed for Star Union Dai ichi Aayushmaan. Different riders such as accidental death benefit rider, critical illness rider etc. are provided for an insurance policy. Riders are special clauses in an insurance policy that cover cases when you won't be able to pay premium. Accidental death benefit rider is not available for first policy and it is available for second policy.Critical illness rider is not available for former policy and it is not available for second policy.Term rider is not available for first insurance policy and this rider is not available for second policy.

Terms and Conditions For IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan

Terms and conditions for IndiaFirst Maha Jeeven Plan and Star Union D I Aayushmaan includes the grace period, free look period, exclusions, riders etc. for both the policies. Grace period can be utilized for paying unpaid premiums. Grace period of plan 1 is 15 Days whereas for plan 2, it is 30 Days. Free look period for these insurance plans is 15 Days.

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