Insurance
Term insurance
Ditto term life insurance comparison
Ditto Insurance helps you compare term life policies from leading Indian insurers on factors that matter for long-term insurance decisions.
Comparison factors
| Factor | Why it matters |
|---|---|
| Premium | Cost of cover |
| Claim settlement ratio | Likelihood of payout |
| Solvency ratio | Insurer financial health |
| Sum assured limits | Maximum cover available |
| Rider options | Critical illness, accidental death, etc. |
| Premium payment options | Single, limited, regular |
| Exclusions | What’s not covered |
What Ditto emphasises
- Claim settlement ratio matters more than premium: A slightly cheaper plan from an insurer with poor CSR is a worse choice.
- Rider judgement: Critical illness + waiver of premium often worth it.
- No upsell: Won’t push you to higher cover than you need.
- Single-premium vs regular: Most users better with regular; Ditto explains trade-offs.
Insurers commonly compared
- HDFC Life Click 2 Protect.
- ICICI Pru iProtect Smart.
- Max Life Smart Secure Plus.
- Tata AIA Sampoorna Raksha.
- Bajaj Allianz Smart Protect Goal.
How much cover
Rule of thumb: 15-20x annual income, adjusted for liabilities and dependents.
Tax
Premium qualifies for Section 80C deduction (up to Rs 1.5 lakh per FY). Payout to nominee is generally tax-free under Section 10(10D).
See also
- Ditto Insurance
- Ditto Insurance vs traditional brokers
- Ditto health insurance comparison
- Rainmatter Capital portfolio overview
- Term insurance
- Life insurance in India
- Health insurance
- Critical illness rider
- Insurance claim ratio
- Section 80C
- Section 10(10D)
- Old vs new tax regime
- IRDAI
- HDFC Life
- ICICI Prudential Life
- Max Life
- Tata AIA Life
- Bajaj Allianz Life
- Tickertape
- Tijori Finance
- Quicko
- Wint Wealth
- GoldenPi
- Zerodha
- Income Tax Act
External references
References
- IRDAI Term Insurance Regulations.
- Income Tax Act 1961, Sections 80C and 10(10D).
- Ditto Insurance, Term life comparison, joinditto.in.