Whole Life Insurance Policy: Compare Whole Life Plans Online
Table of Contents
Under whole life insurance in India, if the policyholder survives upto 100 years, then matured endowment coverage is provided to the policy holder as maturity benefits. This policy covers as long as you live. As it offers risk covers for the entire life it is also called permanent life insurance policy. It also offers dual benefits of life cover and bonus. The premium is paid for the first 10 to 15 years and the insurance cover is extended till the entire life of the policy holder.
Below is a table which shows you the best whole life insurance plans available online.
Best Whole Life Insurance Plans To Buy in 2021
Here's a list of the best whole life insurance policies available online:
Insurance company |
Name of the policy |
Claim Settlement Ratio (CSR) |
MaxLife India |
MaxLife Whole Life Super |
99.22% |
HDFC India |
HDFC Life Sampoorn Samridhi Plan |
99.07% |
Aegon India |
Aegon Life Guaranteed Income |
98.01% |
Kotak India |
Kotak Premier Life Plan |
96.38% |
1. MaxLife Whole Life Super
This is a participating whole life insurance plan, which provides whole life cover to the policyholder upto 100 years of age. The plan also offers bonus facilities to the insured. With higher insurance coverage, this plan is suitable for individuals who want to secure the financial future of the family and their loved ones.
2. HDFC Life Sampoorn Samridhi Plan
This plan provides the policyholder to choose between endowment and endowment whole life insurance plan. As a limited premium payment endowment policy, the plan provides the option to extend the life cover upto 100 hundred years of age. Along with the benefits of the life cover, the policy also offers the facility to save on taxes.
3. Aegon Life Guaranteed Income Advantage Insurance Plan
This plan ensures that one has a comfortable life even after retirement. At the end of the policy term the insured obtains guaranteed yearly payouts. This plan also offers additional rider benefits and one can make the most of it depending upon the requirements.
4. MaxLife Whole Life Super
This is a participating whole life insurance plan, which provides whole life cover to the policyholder upto 100 years of age. The plan also offers bonus facilities to the insured. With higher insurance coverage, this plan is suitable for individuals who want to secure the financial future of the family and their loved ones.
Endnotes
The individuals who want to accumulate wealth for retirement should consider buying a whole life insurance plan. This plan is a good investment option as it provides an opportunity to save on taxes along with the benefit of term cover. You should go through this article well so that you get to know about the best online whole life insurance plans available.
Also read - Life Insurance: Best Life Insurance Plans In India In 2021
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.