Best Term Insurance Plans
Given below are some of the best term insurance plans. You can choose any of these as per your requirement-
1. HDFC Click2Protect 3D Term Insurance
- Provides financial assistance at low premium.
- Various types of cover options are available.
- Option to choose death benefit as lump sum or monthly income.
- Attractive premium rates to non-tobacco users.
- The minimum age for this term insurance is 18 years and the maximum age is 65 years.
- The maturity age is fixed at 75 years i.e. the insurance cover is provided to you for 75 years.
- The policy term of this term insurance ranges from 10 years to 40 years .
- The minimum sum insured in this time insurance is Rs 25,00,000 and there is no limit on the maximum sum insured available through it.
- Multiple premium payment options.
- Premium can be chosen as yearly, half-yearly, quarterly, monthly.
- In this policy, you have to pay a minimum premium of Rs 3000. There is no limit on the maximum premium amount. You can choose it according to your financial capacity.
- The customer must have a fixed source of income to buy this policy.
- A fixed monthly income should also be fixed.
2. HDFC Life Click 2 Protect Life
- Provides comprehensive financial protection to the policyholder’s family
- Provides additional sum assured on accidental death.
- With the return of premium option, the policyholder can get back all the premiums paid on survival till maturity.
- Tax benefits are provided as per tax laws.
- The benefit of waiver of premium on diagnosis of critical illness can be availed by adding riders.
- Special premium rates are provided for women and non-tobacco users.
- Minimum age at entry of this term insurance policy- 18 years and maximum
- Age at entry – 65 years.
- The minimum maturity age of this term insurance policy is 28 years and the maximum maturity age is 75 years.
- The minimum policy term of this term insurance policy is 10 years and the maximum policy term is 30 years.
3. Max LifeTerm Insurance
- Max Life Term Insurance Plan is a comprehensive term insurance plan that provides death benefit as well as benefits in case of becoming disabled or suffering from other diseases.
- Flexibility to the customer to enhance the policy coverage.
- The claim settlement of the company is high.
- Policyholders are eligible for tax benefits under section 80C of the Income Tax Act, 1961.
- These term insurance plans are available at very affordable premium rates.
- Quick support is provided to the customer.
- In case of suicide, the insurance company does not provide any death benefit to the nominee of the policy.
4. Indiafirst Term Insurance
- Guaranteed high claim settlement.
- Flexible options to choose plans as per your requirements.
- Various premium payment options.
- It is supported by Bank of Baroda and Union Bank of India.
- Can be bought both online and offline.
- Life cover for a term of up to 40 years.
- Tax benefits available on premiums paid and benefits received.
- Financial security with high term cover at affordable rates.
- Freelook period is available for 15 days.
- The minimum age of application is 18 years and maximum age is 60 years.
- Minimum Sum Assured Rs. 1,00,000; and maximum sum insured of Rs. 50,00,00,000.
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5. Tata AIA Term Insurance Plan
- Option to choose death benefit as lumpsum or monthly or both.
- Option to enhance cover with life stage option.
- Benefits of Medical Case Management.
- Lower premium rate for female.
- 24×7 online medical consultation.
- The minimum age for this policy has been fixed at 18 years and the maximum age at 60 years. The age at maturity has been fixed at 65 years.
- Premium payment option can be selected. Like- yearly, half yearly, quarterly and monthly.
- To buy Tata AIA Life Term Insurance Plan you need to submit mandatory documents like address proof, identity proof, income proof.
6. Canara HSBC Term Plan
- Benefit of return of premium is provided.
- Multiple payment options are provided.
- Coverage for whole life.
- Option to choose the Sum Assured as per the lifestyle needs.
- Full cover available for terminal illness also.
- The minimum entry age for entry age is 18 years and the maximum entry age is 70 years.
- The maximum maturity age is 75 years.
- The policy term is minimum 5 years and maximum 40 years.
7. SBI Term Insurance
- Provides financial security to the family of the insured.
- Simple and easy enough.
- Can be taken through both online and offline.
- The premium amount to be paid is very less.
- It is cheap.
- Riders offered.
- tax benefits .
8. Bank Of Baroda Term Insurance
- Insurance cover at affordable rates.
- Facility to increase insurance cover.
- Benefit of choice of voluntary or automatic schemes.
- Choice of premium payment frequencies ie – monthly, six-monthly and yearly.
- Freedom to add new members.
- Tax benefits under the Income Tax Act.
- Minimum age for entry age 18 years and maximum age 85 years.
- Maximum 86 years for maturity age.
9. Bajaj Allianz Term Insurance
- Can increase the policy.
- Benefits of both joint and single life insurance.
- Sum insured discount.
- Policies ranging from 10 years to 30 years.
- tax benefits.
- Option to receive death benefit in monthly instalments.
- Security against debt liabilities.
- Life cover up to 100 years.
- Instant terminal illness risk cover.
- Attractive rates of premium for women.
- High claim settlement ratio.
- Wide network of Bajaj Allianz Life branches.
- product diversity.
10. Bharti AXA Life Term Insurance Plan
- Low cost, cheap and easy.
- Flexibility to pay premium. Monthly, half yearly or yearly.
- Death benefit in case of death of the policyholder.
- Long term coverage.
- Cover in case of critical illness.
- tax benefits.
- Rider Benefit.
- maturity benefit.
- Protection from liabilities.
11. Aditya Birla Sun Life Term Insurance
- financial security
- Flexibility to choose pay-out option
- High coverage at low cost
- multiple riders
- tax benefits