Lifeinsurace. Top 5 Term Insurance Plan in India, Best Term Insurance Plan

ICICI Prudential iProtect Smart Online Term Insurance Plan

ICICI Prudential has one of the best Claim Settlement data consistently, with 94.10% of the claims received were paid/settled. ICICI Prudential’s online term plan is known as ‘iProtect Smart.’ The premium amounts of this term insurance plan is very reasonable i.e Rs.7373.00 for a 30-year old non-smoker male who is earning Rs 5 lakhs per annum and is looking for Rs 50 lakhs coverage for 30 term insurance plan also provides Waiver of Premium due to disability at no extra premium. Optional riders like Accidental death benefit rider and Additional cover for 34 Critical Illnesses are available. Best term insurance.

HDFC Life’s Click 2 Protect Plus Online Term Insurance Plan

HDFC Life’s Click 2 Protect term plan know for it different rider facilities with minimum additional premium. Raider cost is almost half in compare to other term insurance plan. Its claim settlement ration is comparatively high with 94.01%. Weaver of premium on disability & Terminal Illness benefit is free with this policy. The premium amounts of this term insurance plan ia low i.e Rs.6635.00 for a 30-year old non-smoker male who is earning Rs 5 lakhs per annum and is looking for Rs 50 lakhs coverage for 30 years.

Max Life Insurance’s Online Term Plan: Basic cover

Max Life Insurance’s Online Term Plan is known for low premium and Cancer cover facility. If Cancer cover rider taken, it will provide fund for cancer treatment if detected during term period. The premiums are also comparatively very less. Max’s online term plan provides optional Accident Death Benefit rider. Besides basic cover the Max’s online term plan offers two options:

Basic Life Cover plus Monthly Income

Cheap medical insurance

Basic Life Cover Plus Increasing Monthly income

The premium amounts of this term insurance plan is very low i.e Rs.5853.00 for a 30-year old non-smoker male who is earning Rs 5 lakhs per annum and is looking for Rs 50 lakhs coverage for 30 years.

The premium rates are slightly higher if you opt for any these features. Kindly note that the merger of Max Life with HDFC Life has been proposed and is subject to approval by IRDA.

Good term life insurance

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Bharti AXA Life eProtect

Aegon Life iTerm Insurance Plan

AEGON Life Insurance has been awarded the E-Business Leader Award for four years consecutively in 2013, 2014, 2015 and 2016. It has the lowest premium in the market. The premium amounts of this term insurance plan is the lowest i.e Rs.4764.00 for a 30-year old non-smoker male who is earning Rs 5 lakhs per annum and is looking for Rs 50 lakhs coverage for 30 years. Critical Illness raider is free in this plan. Though claim settlement ration is relatively low in comparison to other competitor but its worth investing with such low premium. All kind of raider are also available with reasonable premium addition. This plan has an Inbuilt Terminal Illness Benefit. On diagnosis of any Terminal Illness, 25% of the base sum assured will be Rs 1 Crore) & the base sum assured will be reduced by an amount equal to the benefit paid under this clause. It covers all forms of death, even terrorist attacks.

Let me know your views on best online Term insurance plans. Do you have a Term plan? Which one did you purchase? Did you buy it online? Share your comments.

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