Term Insurance Comparison

Multiple term insurance companies offer plenty of term plans, you can compare term insurance online conveniently to choose the best policy. Term insurance calculator can help you compare term insurance plans within a few minutes. A term plan not only offers financial security to your family but also is capable of fulfilling its future needs such as your child’s marriage, education, senior citizens retirement pension, protection against any financial obligations, savings towards the future, money back insurance, etc. Read more

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AEGON Life Insurance Company Limited Logo
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BAJAJ Allianz General Insurance Company Limited Logo
ICICI Lombard General Insurance Company Limited Logo
TATA AIA Life Insurance Company Limited Logo
Future Generali India Life Insurance Company Limited Logo
SBI Life Insurance Company Limited Logo
HDFC ERGO General Insurance Company Limited Logo
IFFCO TOKIO General Insurance Company Limited Logo
ICICI Prudential Life Insurance Company Limited Logo
Canara HSBC Oriental Bank of Commerce Life Company Limited Logo
HDFC Life Insurance Company Limited Logo
Edelweiss General Insurance Company Limited Logo
Liberty General Insurance Company Limited Logo
National Insurance Company Limited Logo
Oriental Insurance Company Limited Logo
The New India Assurance Company Limited Logo
PNB MetLife India Insurance Company Limited Logo
RAHEJA QBE General Insurance Company Limited Logo
RELIANCE General Insurance Company Limited Logo
SBI General Insurance Company Limited Logo
Royal Sundaram General Insurance Company Limited Logo
Shriram General Insurance Company Limited Logo
Universal Sompo General Insurance Company Limited Logo
Go Digit General Insurance Company Limited Logo
United India Insurance Company Limited Logo
TATA AIG General Insurance Company Limited Logo
Aditya Birla Capital Company Limited Logo
Kotak Mahindra Life Insurance Company Limited Logo
Manipal Cigna Health Insurance Company Limited Logo
Bharti AXA Life Insurance Company Limited Logo
Niva Bupa Health Insurance Company Limited Logo
Aditya Birla Health Insurance Company Limited Logo

Why Compare Term Insurance Plans With Us?

Online Term insurance comparison is simple, easy, and hassle-free, at PolicyBachat. The best term insurance plan in India can be found on the portal after entering the basic details of the policyholder for Term life insurance quotes online such as gender, occupation type, monthly income, date of birth, name of the applicant, Email address, bank account details, etc.

The best term insurance plan is the one that offers the maximum coverage at affordable premiums and with all the possible add-ons. To get the best term insurance plan please talk to our life insurance expert who will guide you in selecting the best term insurance plan in India. We are working with 20+ top term life insurance companies to give the best insurance policies to our customers.

Any individual with financial difficulties should consider buying an online term insurance policy. This includes young professionals, parents, married couples and people who want to add tax benefits as a term insurance plan provides tax benefits under section 80C of Income Tax Act 1961. Hence, any individual who wants to provide life protection to their family at an affordable premium rate along with the benefit of tax exemption should purchase a term insurance policy.

Best Term Insurance Quotes

The best term insurance quotes should be well balanced in all aspects such as the Premium, Coverage, Add-ons, or Riders and Claim settlement ratio. The best term insurance quote can be obtained from the online portal which provides the term insurance quotes from the top life insurance companies in India. Let us understand every aspect which should be considered while taking the term life insurance policy:

Premium

The premium for a best term insurance quote should be at par when compared to that of the other life insurance companies. The premium for term insurance is quite less when compared to the other forms of life insurance policies as in term insurance there is no savings component involved.

Coverage and Riders

The coverage offered under the term insurance policy would be the death benefit in case the policyholder expires during the policy period. But few of the insurance companies offer extra coverage in the form of add-ons or riders without charging any extra premium from the customer such as waiver of premium rider which means that in case of disability of the policyholder or diagnosis with critical illness, the future premiums under the term insurance policy are waived off by the insurance company. The best life insurance quote is the one that offers extra coverage without charging any extra premium.

Claim Settlement Ratio

One more important thing to check before purchasing the term insurance plan is the claim settlement ratio of the insurance company. The higher the claim settlement ratio, the higher would be the chances of your claim getting settled. Claim settlement ratio between 95-99% would be the safe bet while considering the other factors.

Solvency Ratio

The solvency ratio is the most important thing to look at in an insurance company while buying the term insurance policy. As per IRDA, every life insurance provider should maintain a solvency ratio of 1.5 at least.

Benefits Of Term Insurance Comparison

Affordable Premiums

You can get a high-value life cover from a term insurance plan by paying an affordable premium amount. Premium payments can be made either monthly/half-yearly/yearly. The earlier you buy a term insurance plan, the lower the premium amount you have to pay.

Pay-out of Sum Insured

In case of the unfortunate demise of the person insured, the family members will receive the sum assured as a pay-out. The policyholder can choose for this pay-out to be in the form of a lump sum, an income that is either monthly or annual, a combination of a lump sum and income, or an increasing income at the inception. This will help take care of financial needs and household expenses among other costs

Tax Benefits

You can get tax benefits on premiums paid under Section 80C along with premiums paid towards critical illness benefits under Section 80D. The lump-sum amount received by nominees as the sum assured/death benefit is also exempted from taxes subject to Section 10 (10D) of the Income Tax Act, 1961.

Whole Life Cover

Term insurance plans offer substantially longer coverage. Whole life insurance plans offer coverage till the age of 99 years

Critical Illness Coverage

In case optional Critical Illness Coverage is included in your term insurance plan, you will get a lump-sum payout upon diagnosis of any critical illness1 that is covered in the plan

Accidental Death Benefit

You can add the Accidental Death Benefit to your term insurance plan. This will offer protection against any mishaps in the future

Coverage for Terminal Illnesses

Term insurance plans can give you lump-sum pay-outs in case of diagnosis of terminal illnesses2 such as AIDS

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