Which Is the Best Term Plan in India?

Which Is The Best Term Plan In India?

The Term plan is a type of life insurance in which the insurance company pays the claim to the nominee of the insured in case of death of the insured. The life insurance coverage is provided for a particular period which is known as the “term”. The period in term life insurance can be anywhere between 5 years to 60 years depending on the type of term insurance policy. The best term plan in India can be found in our online portal where you can compare quotes from different life insurance companies to get the best term plan in India.

Which is Best Term Plan in India?

There are several good term plans available in India offered by various insurance companies. The best term plan in India for you would depend on your specific needs, budget, and preferences. However, some of the top term plans in India based on features, benefits, and customer reviews are:

ICICI Pru iProtect Smart Plan: Offers a range of benefits such as accidental death benefit, critical illness coverage, waiver of premium, and terminal illness benefit.

HDFC Life Click 2 Protect Plan: Offers comprehensive protection, multiple payout options, and optional riders for added coverage.

Max Life Online Term Plan Plus: Offers flexibility in premium payments, the death benefits payout options, and additional riders such as accidental death and critical illness.

Aegon Life iTerm Plus Plan: Offers long-term coverage up to 100 years of age, flexibility in premium payments, and a range of riders such as critical illness, accidental death, and disability benefit.

TATA AIA Life Sampoorna Raksha Plan: Offers affordable premiums, comprehensive coverage, and the option to choose from three death benefit payout options.

How Much Premium for 20 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.

How Much Premium for 15 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.

How Much Premium for 10 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.

How Much Premium for 7 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.

How Much Premium for 5 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 5 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 5 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 5 crore term insurance policy might range from approximately Rs. 25,000* to Rs. 35,000*.