Best Term Insurance Plan
5 Top Term Insurance Plan In India of 2022
Insurance Policy
- LIC e-Term Insurance Plan
- ICICI Pru iProtect Smart
- SBI Smart Shield
- HDFC Click 2 Protect Plus
- Max Online Term Plan Plus
Lets discuss about some of the other insurance term plans.
One of India's top-term insurance providers is LIC. With no intermediaries involved, the e-term plan is a non-participating pure life insurance plan that can only be purchased online. This life insurance covers only the policyholder.
The policyholder's beneficiaries get the sum insured if the policyholder passes away during the term of the plan. The policyholder, his family, or beneficiaries will only get money if the policyholder lives throughout the e-term plan
Criteria for Purchasing the E-Term Plan
| Entry Age | Minimum 18 yrs Maximum 60 yrs. |
|---|---|
| Sum assured | For non-smoker category Rs 50,00,000 No maximum limit on sum assured |
| Policy term | Minimum: 10 yrs Maximum: 35 years |
| Premium payment frequency | Annual Premium Payment |
| Income | Proposer should have own earned income |
| Person covered | Only life of proposer is covered. |
2. ICICI Pru iProtect Smart
The finest term life insurance in India is available from ICICI. The only plan that pays claims upon diagnosing 34 serious diseases is the term insurance policy offered by ICICI. An insured person with this plan is eligible for three tax benefits and coverage up to age 75
Variants for ICICI Pru iProtect Smart
| Variant Name | Benefits |
|---|---|
| Life |
|
| Life Plus |
|
| Life & Health |
|
| All-in-One |
|
3. Smart Barrier by SBI
In the terrible event that the family breadwinner passes away, this straightforward term insurance policy intends to offer financial help to surviving family members. When an insured person dies, this term plan pays the agreed-upon amount to the nominee. After the second year, the insurance may be cancelled by single premium policyholders. The surrender value is determined using a predetermined formula.
4. The HDFC Click 2 Protect Plus
The HDFC Life Click 2 Protect Plus is a pure-term insurance product that offers substantial life coverage for a comparatively modest premium.
Additional characteristics of the policy include:
- Possibility of increasing coverage for significant life events like marriage and delivery
- Rider Accidental Death Insurance
- Accepting a lump sum payment and monthly claim payments.
5. Maximum Online Term Plan Plus
You may protect your loved ones' financial future against the danger of death, incapacity, and illness with the help of the online term plan plus Max Life. The finest term plan available in India is this one.