List Of Top 10 Affordable Term Insurance Plans Available In India

List of 10 Best Term Life Insurance Plans in India
Conclusion

If you live in India, you should consider choosing a life insurance policy to protect your family from financial constraints. When you buy a policy for the first time, you should consider knowing the types of plans in detail that will help you make the right decision

List of 10 Best Term Life Insurance Plans in India

Here is the list of 10 best term life insurance plans in India, you can choose one of them according to your future financial planning:

LIC e-Term

LIC e-Term insurance plan allows you to protect your family from the financial burden in case of sudden demise and other problems. The entry age for this plan is from 18 to 60 years. You can apply for this plan online to prevent your family from unexpected expenses. The premium rates may vary depending on the plan, and you can check the details online before purchasing.

Max Life Term Plans

Max Life Insurance term plan is the best choice for you because it allows you to get more benefits to help accomplish your financial goals. Some of them include:

Low premium rates for non-smokers
High life cover at affordable prices
Protection from illnesses
Multiple premium payment options
Disability coverage and income options in case of unfortunate events
Protection against liabilities
Tax benefits
Riders for policyholders to get additional benefits
Discounts for high sum assured plans

Aditya Birla Sun Life Term Plan

Aditya Birla’s term insurance policy allows you to provide financial security for your family in case of uncertainties. It involves different types, and you can evaluate them online to select the right one accordingly. The minimum sum assured is Rs 30 lakhs, and there is no limit for the maximum amount. Some of the features offered by the policy include an inbuilt terminal illness feature, tax benefits, joint life protection, increasing term assurance, and so on. Talk to insurance experts when you want to purchase a policy.

Tata AIA iRaksha Supreme

Tata AIA iRaksha supreme is ideal for you as it offers a life-stage option feature that will increase your coverage. You will get discounts when you opt for higher protection. Besides that, the policy provides a comprehensive health rider, and you can select one or more benefit options from a list of available options.

Kotak Term Plans

Kotak term plans are one of India’s best term life insurance plans because the policies come with attractive outstanding features and benefits. Some of them include the step-up option, step-down option, death benefits, critical illness, tax benefits, etc. The minimum policy term is 5 years, and the maximum policy term is 40 years. You can pay the premium monthly, quarterly, half-yearly, and yearly based on your choices.

ICICI Prudential iProtect Smart Plan

This plan is available in 3 options, and you can select the right one after doing complete research. Some of the benefits offered by the policy include death coverage, terminal illness coverage, premium waiver benefit, accidental death benefit, tax benefits, surrender benefits, etc.

Bajaj Allianz iSecure

The company offers policy terms for 10, 15, 20, 25, and 30 years. The minimum sum assured is less than Rs 20 lakhs. It offers a plan for smokers, non-smokers, and preferred non-smokers. You can even get discounts on premium plans, thereby showing ways to reduce expenses significantly. At the same time, you should read the terms and conditions carefully online while choosing a policy online.

HDFC Life Term Plans

HDFC Life Term Plans comes with 3 different options enabling you to make the right decision as per your requirements. You can get 5.5% discounts on all premiums when buying a policy online. However, you need a medical exam or not before purchasing a plan.

Aegon Life iTerm Insurance Plan

It is a simple insurance term plan that focuses on many financial aspects, enabling you to provide high-level protection for your family. Some of the benefits offered by this plan include advanced payment, rider coverage, surrender facility, tax exemption, and so on. The minimum sum assured by this plan is Rs 10,00,000, and you can select the same depending on your income and other things.

SBI Life-eShield

The policy offers four plan options, and you can pick the best one among them, depending on your requirements. It is the best term life insurance policy for your family, and you can apply for the same online without the tedious paperwork. Some of the benefits covered by this policy include renewability, 20 lakhs minimum sum assured, surrendering facility, free-look period, and so on.

Conclusion

Buying the best term life insurance plans requires guidance, and you need to keep certain things in mind while choosing a policy. You can visit iiflinsurance.com to know more about term insurance plans which can safeguard your family from unforeseen events while ensuring peace of mind.