Which is the best term insurance plan in India ? Which Insurance company has the best claim settlement Ratio? Online term Insurance or Offline Term Insurance ? These are some of the questions which comes in the mind of every Term Insurance buyer! . So are you looking for Term Insurance comparison at one place ? Do you have all the sufficient information to decide which is the best term plan you can buy? Today I will show you all the data like riders, maximum/minimum tenure, max age till when term plan covers a person and data on the premium, Claim settlement Ratio at one place! .
Best Term Insurance plans in India – A comparision List
There are many term insurance plans in India, but all of them have different premiums and features which confuses a prospective customer to choose the best term plan for him. Below is a table which shows all the online and offline term insurance plans name, and their premiums. But before that, make sure you fully understand what is a term insurance plan ?
| Company Name | Policy Name | Mode | Riders Available | Premium (1 crore SA) |
| Aegon Religare | iTerm | Online | Yes | 7,300 |
| Bharti Axa | e-Protect | Online | No | 7,300 |
| Aviva | i-Life | Online | No | 7,368 |
| HDFC Life | Click2Protect | Online | No | 10600 |
| Kotak | e-Preffered | Online | No | 10825 |
| Edelweiss Tokio | Life Protection Plan | Online | Yes | 11,500 |
| Metlife | Met-Protect | Online | No | 11,600 |
| ING Vyasa | My Term Insurance | Offline | NA | 11,891 |
| ICICI Prudential | i-Care | Online | Yes | 13000 |
| DLF Pramerica | U-Protect | Online | Yes | 13,400 |
| SBI life | Smart Shield | Offline | Yes | 16,798 |
| Bajaj Allianz | iSecure | Online | Yes | 18400 |
| Max NewYork | Platinum Protect | Offline | Yes | 23,500 |
| IDBI Fedral | Termassurance | Online | No | 25,350 |
| LIC | Amulya Jeevan | Offline | No | 33,600 |
| Future Generali | Smart Life | Online | No | NA |
| Birla Sun Life | Protector Plus | Offline | Yes | NA |
| Tata Aig | Maha Raksha | NA | NA | NA |
| Reliance | Term Insurance | Offline | NA | NA |
| Canara HSBC | Life Pure | NA | NA | NA |
| India First | AnyTime Plan | Online | NA | NA |
| Sahara Life Insurance | Kavach | NA | NA | NA |
| Star-Union Dai-ichi | Term Plan | NA | NA | NA |
Note : The premiums above are for 30 yrs old non-smoking male, and 30 yrs policy tenure. The premium quoted is for Rs 1 crore sum assured and does not include service tax. The premiums displayed were taken from respective life insurance companies websites and should be treated as indicative premiums....
More to come on the topic!
ReplyDeleteThank you for sharing such great information.It is informative,can you help me in finding out more detail onBest Term Insurance,i am interested and would like to know more about this field and wanted to understand the basics of Term Insurance Policy