Want to buy term insurance plan? Read this to know about the best term insurance plans that ensure a secure future for your family Keyword: best term insurance
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Are You Up To Date With The Best Available Term Insurance Plans?

Term insurance plans are one of the most popular types of life insurance plans in India. With the constant fluctuations in the insurance sector for coverage and pricing, it’s important to keep up to speed with the best term insurance that is available in India.

The main advantage of this plan is that no medical examinations are required to buy the policy. It offers coverage for the long-term (sometimes up to 50 years) but generally has a low sum assured.

As no medical test is required, premiums are usually low making it very affordable. If you are someone who is paranoid about the financial stability of your loved ones, then term insurance is the best coverage plan that you can opt for.

A term plan can also be customized as per your need and budget, which makes it more flexible than whole life or a paid-up plan. There are many plans available in the market that offer various kinds of benefits and features which may differ from one carrier to another.

In this article, we will list down all the policies that ensure a secure future for your family:

Aditya Birla Sun Life Protector Plus Plan

The Aditya Birla Sun Life Plan is a financial product offered by insurance company Aditya Birla which provides an effective and cost-effective solution to individuals wanting to set up a reliable financial safeguard for their family. The product provides complete financial protection at a minimum premium rate and also protects against rising costs of living with the option of increasing the sum assured amount. The beneficiary can receive the death benefit as an annual income which will help increase his or her income during retirement and also ensures that funeral expenses are covered without any compromise on the premium paid by the policyholder towards these charges.

Canara HSBC Oriental Bank Of Commerce – iSelect Star Term Plan

The Canara HSBC Oriental Bank Of Commerce – iSelect Star Term plan is a very comprehensive term insurance policy. Options like whole life coverage and covering spouse in the same policy make this plan one of the best term policies available in the market. It offers features such as the option to cover your spouse in the same policy and provides multiple premium payment options as well. The policy covers both death and permanent disability and has a variety of payment options, including both limited and single payment options. The plan offers 3 types of coverage. The first is life coverage. The second is life plus, and the third one is “life with a return of premium”.

Bajaj Allianz eTouch Online Term Plan

Bajaj Allianz eTouch Online Term Plan is one of the many term insurance plans offered by Bajaj Allianz Life Insurance. It is a good choice for families who want to minimize the financial burden of losing a loved one. The plan offers 4 different life cover options to choose from. In addition to the death benefit, the plan also provides tax benefits under sections 10(10D) and 80C of the Income Tax Act 1961. This is one of the cheapest term plans, which can be purchased online in a simple and hassle-free way. In case of death of the insured, the policy guarantees payout annually for fifteen years to the family.

Exide Life Smart Term Plan

The Exide Life Smart term plan is a non-participating, non-linked individual protection plan that will provide you and your loved ones with unique coverage tailored to your needs. This plan does not share in the benefits of your investments, and it provides a higher level of coverage at very nominal rates. The policy’s core features include a death benefit and a guaranteed return of your premium in case you survive the policy period. You can also choose from a variety of premium payment options as per your convenience with this plan.

Future Generali Flexi Online Term Plan

The Future Generali Flexi Online Term Plan is a plan that provides comprehensive coverage to the family of the insured. This policy has certain advantages over other policies. The duration of this plan is decided by the policyholder and it protects in case of death. Female policy buyers are eligible for a rebate under this plan. Moreover, the death benefit can be availed either as a lump-sum amount or as a monthly pay-out to your designated family member. Additional tax benefits are also available under Section 80C and 10(10D) of the Income Tax Act of India.

ICICI Pru iProtect Smart

ICICI Pru iProtect Smart Plan is a comprehensive term insurance plan that provides financial protection to the family of the insured at an affordable premium rate. Moreover, the plan also offers additional benefits through riders like accidental death benefits and critical illness benefits to enhance the coverage of your policy. This is one of the best term plans that can be purchased online in a simple way. It offers comprehensive coverage against terminal illness, death, and disability. The plan also offers the benefit of tax exemption under Section 80C of the Income Tax Act. You can even choose from multiple premium payment options including lump-sum, monthly income, and increasing income.

Final Words 

Term insurance plans can provide financial protection at a cheaper rate than what other types of policies do. You should consider getting yourself insured with these plans if you want to protect your family against any financial loss in case of an unfortunate event. Apart from this, one can also look into a 5 Crore Term Plan which will lead to a better life cover.

Before buying a term insurance plan, it’s important to make sure you compare some different plans and find one that offers the most coverage at the best price. To save some money, you can opt for online term insurance plans in India as well.

So, don’t wait any longer to find out what the best term life insurance plans in India have to offer you!

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