Top 10 Term Insurance Plans In India 2024

Table of Contents:

• Top 10 Best Term Insurance Plans in India
• Premium Table for the Best Term Insurance Plans
• How to Choose Best Term Life Insurance Plan
• How to Buy Term Insurance Plan Online?
• Conclusion

Top 10 Best Term Insurance Plans in India

1. Aegon Life iTerm Comfort Plan

Aegon Life iTerm Comfort Plan is a non-linked non-participating individual pure risk premium life insurance plan. It is an inexpensive protection plan with add-on covers to secure your family’s future and it covers major expenses.

Features & Eligibility:

2. 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 per the customer’s requirements 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.

Features & Eligibility:

3. 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.

Features & Eligibility:

4. Bharti AXA Life Flexi Term Pro Plan

Bharti AXA Life Flexi Term Pro Plan is a non-linked, non-participating, individual, pure risk premium life insurance plan that provides life insurance coverage and secures your family and financial needs.

Features & Eligibility:

5. 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.

Features & Eligibility:

6. 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.

Features & Eligibility:

7. Kotak e-Term Insurance Plan

Kotak e- Term Plan is an online Term Insurance plan that provides financial security to the family of the insured person against any emergency. This plan provides financial protection in form of the death benefit to the beneficiary of the policy in the event of the unexpected death of the insured.

Features & Eligibility:

8. 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.

Features & Eligibility:

9. 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.

Features & Eligibility:

10. 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.

Features & Eligibility:

Premium Table for the Best Term Insurance Plans

*The above-mentioned values are for reference purposes only * Please refer to our website for exact values.

How to Choose Best Term Life Insurance Plan

The best term life insurance policy is a type of life insurance that provides monetary coverage in the event of death. A life insurance policy is an agreement between two parties, one being the insurer and the other being the insured person, where the insurer promises to pay money in exchange for an agreed-upon premium.

To make the right decision on the best term life insurance policy follow the below points

• Compare different types of life insurance policies
• Choose an affordable plan by comparing the quotes from different insurers
• Consider age as a factor. Age plays a significant role while getting the right life insurance plan.
• Choose a plan with extensive coverage
• Check premiums of different insurers online and offline
• Choose a plan with a high policy term

How to Buy Term Insurance Plan Online?

The process of buying a term insurance policy online has become simple with PolicyBachat. For buying a term insurance plan online please visit Life Insurance Page and follow the below steps.

• Step1: Enter the details such as Gender, Annual income from all sources, Alcohol consumption and tobacco consumption, Salaries or Self-employed, and Date of Birth. After this, you need to enter your contact details to facilitate a call from our agent.
• Step2: Now the premium from different insurance companies will be displayed on the screen. You can edit the details such as Coverage, Term, Premium payment method, Mode of claim settlement, etc., and submit the details to get the desired premium. The premium can be changed by changing other factors such as Coverage required, mode of payment, etc.
• Step3: The next step is to select the best term insurance plan and pay the premium to the insurance company before proceeding to fill out the proposal form details.

Conclusion

When it comes to choosing the best term life insurance plan in India, you need to consider your needs and the type of coverage you would like. There are many plans available in the market that offer different features and benefits. You can compare these plans by taking a look at their features and benefits before making a decision. You should always research various types of life insurance before making a final decision. This will help you make an informed decision that is best for you.