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Help required in selecting between LIC Tech Term, Tata AIA Sampoorna Raksha, Insta Protect

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15 Apr, 2022 by  Aditya B

Need help in selecting term plan between LIC Tech Term, Tata AIA Sampoorna Raksha, Insta Protect and Max Life Online Smart Secure Plus Term plans

Here is my overall analysis

  • LIC though the oldest and most trusted choice seems a little expensive than others and also does not seem to be providing critical illness, disability benefit, waiver of premium covers. This seems to be available inbuilt only in TATA AIA Sampoorna Raksha Insta Protect. Is that correct? Please advise.
  • Max Life seem to be showcasing themselves as a free return of premium if one surrenders the policy at the age of 57 and if the policy cover is upto 72 years of age or more than that. Is that really available and true? If yes, is it advisable to go for such facility or is it just a marketing gimmick ?
  • All term plans seem to be showcasing some specific amount as base cover and some amount as a rider cover. What exactly is the meaning of that and how does that work in real time in case there is a situation of making a claim?
  • In a situation of making a claim, which term plan provides the most hassle free complete online experience from buying to making the claim?
  • Is there any medical checkup that is required before buying any of these term plans? If yes, does the company actually pay for it or one has to pay from their own pocket? If the company does pay for such medical checkup which is the best and most reliable?
  • If buying the term plan online, does one need to pay in advance before any medical checkup is done or does all the documentation, medical checkup happen before the actual payment?
  • How much time does each of these term plan companies typically take to issue the policy online after the premium is paid?

Experts- Please guide with specific detailed answers.

Term Life Insurance

3 Answer

15 Apr, 2022
MBA | 5 years experience
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Dear Aditya,

Lot of your queries will have back & forth. It is best that you fix online meeting time with any advisor within the Beshak Community and have a conversation. Below is my response in brief.

1) There are plans that offer disability rider, waiver of premium etc as add on or as a rider. Please note that nothing comes for free of a plan states certain features have been in built then the costs for the same has been inbuilt.

2) The Max Life term plan has this feature as part of the contract. Again there are no free lunches ...the team at Max Life would have done some homework before arriving at a cost of such a product that pays after X number of years. Also the product is approved by IRDA.

3) Have a discussion with advisor on this.

4) Team Beshak has a comprehensive ranking of Term Plans kindly have look a the same. Claim is just one aspect of owning a policy.

5) In most cases medical checkup does happen. At times some companies may omit medical checkup and accept the proposal basis declarations made in the proposal form. In some cases there could also be a scenario where a follow-up check-up or additional test are done basis first test reports. In such cases it varies from insurer to insurer on who would bear the cost.

6) The premium is paid in advance medical check-ups happen after that. Some online portals first ask for payment before you actually fill the complete form.

7) Depending on sum insured & declaration in the proposal form it could take any where between 7-15 days. However there are instances when some plans get issued even in 30 days. It is not only about paying premium and getting the medicals done other documents like income proof and KYC documents too needs to be submitted to the insurer.

I hope this will help you. Incase u wish to schedule a call feel free.


Rohit Dhingra

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Hi aditya

It will be more beneficial for you if you can elaborate your requirement first and pen down and search for product available for your requirement rather then searching product benifit first and your requirement later. Secondly every company provide some thing better or you can say unique then other to attract customers, it's you have to decide whether that's is having worth to you are not

As of now will recommend icici prudential I protect as per information u shared above. Suitable to you. Feel free to contact us for further information if needed to have tailored product.

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20 Apr, 2022
We breathe insurance :)

Hello Aditya,

All these plans have been compared well on Beshak Star Rating: Top Rated, Best Term Life Insurance Plans in India (

Just select the plans you want to compare and hit compare button. Simple you will get the most comprehensive comparison ever.

Also, if you want customized recommendations you can simply use Beshak TruMatch, which combines are the finest research to recommend plans that are suitable for your unique needs: How to Choose Best Term Insurance Plan in India 2022 |


Team Beshak

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