Term insurance provides coverage for a fixed period and is designed to provide financial protection against the risk of premature death. A 25-year life insurance policy is a long-term investment in your life. You can use it to save for retirement, or you can use it as a way to protect your family. It's an investment that pays off over time.
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What is a 25-Year Term Life Insurance Policy?
A 25-year term life insurance policy is the simplest type of life insurance to understand and is a type of life insurance that provides coverage for a specific period. i.e., 25 years. It is a policy that covers you for 25 years and then automatically expires. You will need to buy another one if you want to continue your coverage after that time. This makes it a very affordable option for many people. This type of life insurance is often used as an investment tool and can also be used to cover debts after the insured person dies.
Features of 25-year Term Life Insurance Policy
A 25-year term life insurance policy is a type of life insurance that provides coverage for a period of 25 years. The policy provides the insured with a death benefit in the event of their death during the term. The features of this type of life insurance are:
- It is designed to provide coverage for a maximum period of 25 years and after that, coverage ceases.
- It is renewable and can be converted to permanent life insurance if needed.
- Premiums are typically lower than other types of policies, but there may be additional charges for things like health questions and smoker status.
- It is intended for people who have shorter time horizons on their financial needs and want to keep premiums low.
- The death benefit is guaranteed for the duration of the term but does not provide a cash value.
- There is no period of inactivity before the policy will be canceled.
- It provides flexibility in premium payment terms.
- This policy provides tax benefits under section 80C of the income tax act 1961.
- You can add riders to this policy to enhance the coverage of the policy.
Eligibility Criteria for 25-Year Term Life Insurance
| Minimum Age |
18 years |
| Maximum Age |
65 years |
| Policy Term |
25 to 100 years |
| Maturity Age |
Based on Policy |
| Premium Payment Term |
Regular Pay, Limited Pay, Single Pay |
| Premium Payment Frequency |
Single, Yearly, Half-Yearly, Quarterly, Monthly |
| Sum Assured |
Based on Policy |
Top 5 Best 25-Year Term Life Insurance Plans in India
The best 25-year term life insurance plans in India are listed below:
Bajaj Allianz Smart Protect Plan:
Bajaj Allianz’s smart protect goal is an individual, life, non-linked, non-participating, single/limited/regular premium payment, savings (ROP), and pure risk term cover plan, providing protection and add-on covers. Let us understand the Features, Benefits, Terms, and conditions linked to the plan:
| Entry Age |
Minimum 18 years to Maximum 65 years |
| Maximum age at Maturity |
75 years |
| Sum Assured |
50 Lacs |
| Premium Payment Term |
Single payment, Regular payment, or Limited payment |
| Premium Payment Frequency |
Monthly, Quarterly, Half-yearly, and Yearly |
Max Life Smart Secure Plus Plan:
The Smart Secure plus plan is introduced to fulfill your financial security needs and provide support in case of any emergencies. Max Life Smart Secure plus plan offers two death benefits. You also get inbuilt benefits such as cover for terminal illness, joint life cover; premium breaks, and additional payout on accidental death these will fulfill your needs.
| Entry Age |
Minimum 18 years to Maximum 65 years |
| Maximum age at Maturity |
85 years |
| Sum Assured |
25 Lacs to 50 Lacs |
| Premium Payment Term |
Single payment, Regular payment |
| Premium Payment Frequency |
Monthly, Quarterly, Half-yearly, and Yearly |
HDFC Life Click 2 Protect Plan:
An HDFC click 2 protect term plan is a non-linked, individual, pure risk premium/savings life insurance to give assurance of a 98.01% claim settlement ratio, additional sum assured on Accidental death, money-back all premiums paid on survival till maturity with the return of premium option, avail waiver of premium on the diagnosis of critical illness, and special premium rates for female lives and non-tobacco users.
| Entry Age |
Minimum 18 years to Maximum 65 years |
| Maximum age at Maturity |
85 years |
| Sum Assured |
25 Lacs |
| Premium Payment Term |
Single payment, Regular payment, or Limited payment |
| Premium Payment Frequency |
Monthly, Quarterly, Half-yearly, and Yearly |
PNB MetLife Mera Term Plan Plus:
The plan offers you the flexibility to choose protection against Death, Critical Illness, Disability, and Terminal Illness along with various additional options like spouse coverage and whole-life protection. You can also customize your coverage with various cover enhancement options available under the plan.
| Entry Age |
Minimum 18 years to Maximum 65 years |
| Maximum age at Maturity |
75 years |
| Sum Assured |
25 Lacs |
| Premium Payment Term |
Single payment, Regular payment, or Limited payment |
| Premium Payment Frequency |
Monthly, Quarterly, Half-yearly, and Yearly |
TATA AIA Sampoorna Raksha Supreme Plan:
Tata AIA Life Insurance Sampoorna Raksha Supreme Plan provides financial protection to your family and offers you the flexibility to choose the plan that suits your need.
| Entry Age |
Minimum 18 years to Maximum 65 years |
| Maximum age at Maturity |
65 years |
| Sum Assured |
1 Lac to No limit |
| Premium Payment Term |
Single payment, Regular payment, or Limited payment |
| Premium Payment Frequency |
Monthly, Quarterly, Half-yearly, and Yearly |
ICICI Prudential iProtectSmart Plan:
ICICI Prudential iProtectSmart Plan gives protection for your family and critical illness cover. Life covers up to 99 years and the policy term starts from 40 years.
| Entry Age |
Minimum 25 years |
| Maximum age at Maturity |
70 years |
| Sum Assured |
1 Lac to No limit |
| Premium Payment Term |
Single payment, Regular payment, or Limited payment |
| Premium Payment Frequency |
Monthly, Quarterly, Half-yearly, and Yearly |
Aditya Birla Sun Digi Shield Plan:
Aditya Birla Sun Life Insurance DigiShield Plan is a non-linked term insurance plan. This term life insurance policy has to be chosen as per the requirements of the customer with reasonable premiums. Provides 10 different Aditya Birla Sun Life Insurance Policy options as per your family's needs so they need not compromise on their lifestyle, even in your absence.
| Entry Age |
Minimum 18 years to Maximum 65 years |
| Maximum age at Maturity |
70 years |
| Sum Assured |
1 Lac to No limit |
| Premium Payment Term |
Single payment, Regular payment, or Limited payment |
| Premium Payment Frequency |
Monthly, Quarterly, Half-yearly, and Yearly |
Who Should Buy a 25-Year Term Life Insurance Policy?
A 25-year term life insurance policy is a type of life insurance policy that provides coverage for a period of 25 years. It is also called level-term life insurance. The cost of the policy will depend on the age and health condition of the person. The higher the age, the higher the cost. This insurance policy is best suited for:
- The person should buy this type of life insurance if they are not interested in getting any other kind of life insurance in the future, if they are not sure about what will happen in the next 25 years and if they do not want to buy another type of life insurance for a long time.
- A parent to potentially set their child up for financial stability till the child becomes self-sufficient.
- A person with dependent and retired parents who need capital for medical expenses
- A married individual with a dependent spouse
- A person who has debts, including mortgages and loans should buy this policy
Premium Table of 25-year Term Life Insurance Policies
| Company |
Plan Name |
Total Payout |
Premium |
|
| Bajaj Allianz Life Insurance |
Bajaj Allianz Smart Protect Plan |
Rs. 1 Crore |
6287/- |
Buy |
| Max Life Insurance |
Max Life Smart Secure Plus Plan |
Rs. 1 Crore |
7548/- |
Buy |
| HDFC Life Insurance |
HDFC Life Protect Plan |
Rs. 1 Crore |
7258/- |
Buy |
| PNB MetLife Insurance |
PNB MetLife Mera Term Plan Plus |
Rs. 1 Crore |
6965/- |
Buy |
| TATA AIA Life Insurance |
TATA AIA Sampoorna Raksha Supreme |
Rs. 1 Crore |
6895/- |
Buy |
| ICICI Prudential Life Insurance |
ICICI Prudential iProtectSmart Plan |
Rs. 1 Crore |
6745/- |
Buy |
| Aditya Birla Sun Life Insurance |
Aditya Birla Sun Digi Shield Plan |
Rs. 1 Crore |
7658/- |
Buy |
*The above-mentioned values are for reference purposes only * Refer to our website for exact values.
How to Buy a 25-Year Term Life Insurance Policy?
Buying life insurance is one of the most important decisions you will make. Your family will rely on your life insurance policy to provide for them after your death. A Term Life Insurance policy offers a guaranteed payout for a specific period or term that you choose. Step-by-step guide on how to buy a 25-year term life insurance policy.
- Go to PolicyBachat Website. Click on Life Tab
- Provide the required information such as name, date of birth, etc.
- Compare premium rates from the list of companies provided
- Select the plan which suits your requirement
- Make payment via online payments.
Conclusion
Choosing the right term life insurance plan for your needs and budget can be a difficult task. It is important to understand what you need and what you want. If you are looking for a flexible plan, then you should go with the PolicyBachat website where you can compare different term life insurance plans with different insurers to get the best 25-year term life insurance policy for securing your loved ones.