Investing in an insurance policy is not simply a way to protect yourself against the unforeseen, but also a long-term investment that provides you with benefits you can count on. Despite the fact that insurance can ensure cash flow during hard times, it’s also true that badly chosen plans may prove worthless when needed. As a result, make sure you create a checklist of your requirements and compare the quotes offered by different insurance companies. Following is a list of the top 10 Life Insurance Policies offered by some of India’s leading insurance companies:
1. LIC e-Term
By purchasing the LIC e-Term insurance plan, you are allowing your family to be protected from financial burdens in case of sudden death. It is available to those aged 18 to 60. Applicants can apply online to prevent unexpected expenses for their families. Prior to purchasing, you can review the details of each plan online and check the premium rates.
2. SBI Life-eShield
Based on your needs, you can select one of four plan options. You can apply online without the hassle for this term life insurance policy, and it is the best for your family. There are several benefits covered by this policy, including renewalability, a minimum sum assured of 20 lakhs, surrendering option, and free-look period.
Buying the best term life insurance plans requires guidance, and you should keep certain things in mind when making your decision. If you want to know more about term insurance plans that can protect your family from unforeseen events and give you peace of mind, visit iiflinsurance.com.
3. Aditya Birla Sun Life Term Plan
With Aditya Birla’s term insurance policy, you can give your family financial security during uncertain times. You can evaluate them online to select the best one according to your needs. There is no maximum amount for the sum assured, and the minimum is Rs 30 lakhs. The policy offers features such as terminal illness coverage, tax benefits, joint life insurance protection, increasing term assurance, and so on. You should speak with an insurance expert before purchasing a policy.
4. ICICI Prudential iProtect Smart Plan
There are three options to choose from, and you can select the right one after conducting thorough research. The policy offers death coverage, terminal illness coverage, premium waiver benefits, accidental death benefits, tax benefits, and surrender benefits, among others.
5. Tata AIA iRaksha Supreme
With Tata AIA iRaksha supreme, you will have more coverage because it offers a life-stage option feature. If you choose higher coverage, you will get discounts. Additionally, the policy offers a comprehensive health rider, and you can choose from a variety of benefit options.
6. Kotak Term Plans
The Kotak term life insurance plans are among the best term life insurance plans in India because they come with attractive features and benefits. Step-ups, step-downs, death benefits, critical illness, tax benefits, etc., are a few of them. The minimum and maximum policy terms are 5 and 40 years, respectively. Depending on your preferences, you can pay the premium monthly, quarterly, half-yearly, and annually.
7. Bajaj Allianz iSecure
Ten, fifteen, twenty, twenty-five, and thirty-year policy terms are available. You can purchase a policy for less than Rs 20 lakhs. This plan includes plans for smokers, nonsmokers, and preferred nonsmokers. Even premium plans can be discounted, thereby reducing expenses significantly. When choosing an insurance policy online, be sure to read the terms and conditions carefully.
8. HDFC Life Term Plans
HDFC Life Term Plans come with three options for you to choose from based on your needs. When you buy a policy online, you can save 5.5% on all premiums. Whether you need a medical exam or not before purchasing a plan is up to you.
9. Aegon Life iTerm Insurance Plan
In this plan, you can provide high-level protection to your family while focusing on many financial aspects. Among its features are advanced payments, rider coverage, surrender facilities, tax exemptions, etc. This plan offers a minimum sum assured of Rs 10,00,000, and you can choose the same depending on your income.
10. Max Life Term Plans
Term life insurance with Max Life Insurance is the best option for you since it offers more benefits to help you achieve your financial goals. These benefits include:
- Non-smokers pay lower premiums
- A high level of life insurance at an affordable price
- Illness prevention
- Paying for premiums in multiple ways
- In the event of a disability, income options are available
- Liability protection
- Benefits of taxation
- Additional benefits for policyholders through riders
- Plans with high sums assured are eligible for discounts