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Buy Best Term Life Insurance for 25 Lakhs

The term insurance is a type of life insurance that covers the insured person for a specific period. In India, the 25 lakh term insurance policy is one of the most popular types of term insurance policies. It provides coverage for death or disability and can be purchased at any age. A Rs. 25 lakh term life insurance plan supports creating a financial cushion for your loved ones. Under a term insurance policy with a sum assured of Rs. 25 lakhs, the nominee of the life insured gets a death benefit equal to Rs. 25 lakhs in case of the life assured’s death. ..Read More

This article will provide you with all the information you need about 25 lakh term insurance and how it works. You will learn about the various types of term insurance, the different types of plans available, and some things to consider before buying a plan. We have compiled this article to help you understand everything there is to know about 25 lakh term life insurance so that you can make an informed decision when it comes time to purchase a plan.

25 Lakh Term Insurance

Why Should You Invest in a Rs. 25 Lakh Term Plan?

Term life insurance is one of the cheapest forms of protection that you can buy. It is not as expensive as whole life insurance and it offers a lot more coverage than just term. There are many benefits to investing in term life insurance. You can get coverage for your spouse or children, you can get a hefty amount in case of death and you can choose the duration from anywhere from 5 years to 30 years.

The 25 lakh term insurance policy is a great term plan for people who are looking for the best coverage options. There are many benefits to investing in a 25 lakh term plan. A 25 lakh term plan can provide you with a sum assured of the sum of money on maturity, which will be payable to your nominee or heirs in the event of your death. The 25 lakh term plan also offers tax benefits, which means that the interest earned on your investments will not be taxed and you will not have to pay any taxes on it either.

Below are the reasons to buy Rs.25 lakhs term life insurance policy.

  • Financial Security to your Family: If you have a family to take care of and your income is your only source of income, you will need to consider a Rs.25 lakhs term insurance coverage.
  • High Coverage at Low Premium: Rs. 25 lakhs term life insurance coverage most affordable product which comes at cheaper premiums when compared with other life insurance products.
  • Helps with Medical Expenses: With a life insurance policy, they have the safety net they need. The first thing that comes to mind is that life insurance can help the person pay for medical costs.
  • Helps with Loans and Liabilities: If you have taken a loan from the bank and want to repay it with interest. Term insurance can be used to pay off any outstanding debts.  You can also make partial withdrawals from the policy without any penalty.

Benefits of Buying Rs. 25 Lakhs Term Insurance

There is many benefits of buying Rs. 25 Lakhs term insurance. The most important one is that it protects your family from the financial burden of you not being around, as they will be compensated for the loss. The main benefits of buying a life insurance policy for 25 lakhs are

  • Death Benefits
  • Tax Benefits
  • Loan Availability
  • Maturity Benefits
  • Rider Benefits
  • Financial security
  • Low premiums
  • Flexibility in Premium Payout Options
  • Coverage against Liabilities, etc.

Best Term Insurance Plans for Rs. 25 Lakhs

SBI Life eShield Next Plan

SBI Life eShield is a non-linked, non-participating pure-term insurance plan which provides high coverage at an affordable premium rate. This protection plan is to give financial support to present needs and also covers the changes in life to daily needs.

Features & Eligibility:

  • Entry Age: Minimum 18 years to Maximum 65 years
  • Maximum age at Maturity: 70 years
  • Policy Term: 5 to 30 years
  • Sum Assured: 25 Lakhs to No Limit
  • Premium Payment Term: Equal to Policy Term
  • Premium Payment Mode: Yearly, Half-Yearly, Quarterly, Monthly
  • Plan Options: Level Cover, Level Cover with Accidental Death Benefit, Increasing Cover, Increasing Cover with Accidental Death Benefit
  • Benefits: Tax Benefits, Different Plan Options, Discounts for Non-Smokers, Rider Benefits

Bharti AXA Life eProtect Plan

Bharti AXA Life eProtect Plan is an affordable online term insurance plan that ensures protection for your loved ones in a hassle-free way. This plan provides high coverage at an affordable premium rate.

Features & Eligibility:

  • Entry Age: Minimum 18 years to Maximum 65 years
  • Maximum age at Maturity: 75 years
  • Policy Term: 10,15,20,25 and 30 years
  • Sum Assured: 25 Lakhs to No Limit
  • Premium Payment Term: Equal to Policy Term
  • Premium Payment Mode: Yearly, Half-Yearly
  • Benefits: Tax Benefits, Life Insurance Benefits, Family Care Benefits, Premium Discounts for Non-Smokers, Rider Benefits,

Tata AIA Sampoorna Raksha Supreme

Tata AIA Life Insurance Sampoorna Raksha Supreme Plan provides financial protection to your family and offers you the flexibility to choose the plan that suits your need.

Features & Eligibility:

  • Entry Age: Minimum 18 years to Maximum 65 years
  • Maximum age at Maturity: 65 years to 100 years
  • Sum Assured: Minimum Rs. 1 lac and Maximum as per Board approved guidelines.
  • Premium Payment Term: Limited Pay, Single Pay, Regular Pay
  • Premium Payment Mode: Yearly, Half-Yearly, Quarterly, Monthly. Single

Aditya Birla Sun Life Insurance DigiShield Plan

Aditya Birla Sun Life Insurance DigiShield Plan is a non-linked term insurance plan. This term life insurance plan has to be chosen per the customer’s requirements with reasonable premiums. Provides 10 different Aditya Birla Sun Life Insurance Policy options as per your family's needs so they need not compromise on their lifestyle, even in your absence.

Features & Eligibility:

  • Entry Age:

    For Plan Option: 1, 2, 3, 6, 7, 8, 10: Minimum 18 years to Maximum 65 years
    For Plan Option: 4, 5: Minimum 45 to Maximum 65 years
    For Plan Option: 9: Minimum 18 to Maximum of 50 years

  • Maximum age at Maturity:

    For Plan Option: 1, 2, 3, 6, 7, 8, 10: 85 years
    For Plan Option: 4, 5: 100 years
    For Plan Option: 9: 69 years

  • Sum Assured:

    For Plan Option: 1, 2, 3, 4, 5, 6, 7, 9, 10: Minimum – Rs. 30 Lakh and Maximum – No Limit
    For Plan Option: 8: Minimum – Rs. 1 Lakh and Maximum – Rs. 20 lakh

  • Premium Payment: Single payment, Regular payment, or Limited payment.
  • Premium Mode: Annual, Semi-annual, Quarterly, Monthly

Bajaj Allianz Smart Protect Goal Plan

Bajaj Allianz’s smart protect goal is an individual, life, non-linked, non-participating, single/limited/regular premium payment, savings (ROP), and pure risk term cover plan, providing protection and add-on covers.

Features & Eligibility:

  • Entry Age: Minimum 18 years to Maximum 65 years
  • Maximum age at Maturity: 75 years with ROP, 85 years without ROP, 99 years the whole life
  • Sum Assured: Minimum 5 Lacs and Maximum as per Board approved guidelines.
  • Life Cover: Self
  • Premium Payment: Single payment, Regular payment, or Limited payment.

Rs. 25 Lakhs Term Insurance Premium Table

Company Plan Name Total Payout Premium (Per Yearly)
SBI Life Insurance SBI Life eShield Next Plan Rs. 25 Lacs 27548/- Buy
Bharti AXA Life Insurance Bharti AXA Life eProtect Plan Rs. 25 Lacs 26487/- Buy
Bajaj Allianz Life Insurance Bajaj Allianz Smart Protect Plan Rs. 25 Lacs 31458/- Buy
TATA AIA Life Insurance TATA AIA Sampoorna Raksha Supreme Rs. 25 Lacs 42578/- Buy
Aditya Birla Sun Life Insurance Aditya Birla Sun Digi Shield Plan Rs. 25 Lacs 29878/- Buy

*The above-mentioned values are for reference purposes only * Refer to our website for exact values.

How to Buy the Best 25 Lakhs Term Insurance Online

To buy the best term insurance policy, the first thing to do is identify what type of coverage you need. The next step is to calculate how much coverage you need. You can use a life insurance premium calculator to estimate how much you will need in the future. Lastly, it's important to shop around for the best rates and compare different companies and policies before making a final decision on which company to go with.

Below is the process of buying the best term life insurance online at PolicyBachat.

  • Step 1: First, Enter the details such as Gender, Annual income from all the sources, Alcohol consumption and tobacco consumption, type of occupation, salary, and Date of Birth. After this, you need to enter your contact details to facilitate a call from our agent.
  • Step 2: Now the premium from different insurers will be displayed on the screen. You can edit the details such as Coverage, Term, Premium payment method, Mode of claim settlement, etc. Submit the details to get the desired premium. The premium can be changed by changing other factors such as Coverage required, mode of payment, etc.
  • Step 3: The next step is to select the best term life insurance plan and pay the premium to the insurance company via an online payment method easily.

Conclusion

Choosing the best term life insurance plan is an important decision that you need to make. There are many plans available in the market and it can be difficult to choose the right one. Rs. 25 lakh term life insurance coverage is the best way to protect your family against unexpected events in the future. The best 25 lakhs term insurance plan must be one that suits your needs and the needs of your family, but also one that does not put too much strain on your finances. So, compare different life insurance policies online at PolicyBachat to get the best term insurance policy for 25 lakhs.

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