In today’s uncertain world, financial security is no longer a luxury—it’s a necessity. Whether you’re a young professional just starting your career or a family person with dependents relying on your income, having the right protection in place is non-negotiable. This is where term insurance India comes in—a simple yet powerful tool to safeguard your family’s future.
Unlike traditional life insurance that includes investment and savings components, term insurance plans offer pure life cover—you pay a small premium for a large sum assured. If something happens to you during the policy term, your family receives a lump sum amount, helping them stay financially stable.
But with dozens of insurers and plans available in the market, how do you choose the right one? Don’t worry—we’ve done the research for you. This article brings you a curated list of the Top 5 Term Insurance Plans in India for 2025, offering the best coverage at the lowest premiums, while also highlighting features, eligibility, and what makes each plan worth considering.
Before we dive into the list, let’s understand why term insurance is one of the smartest financial decisions you can make:
High Sum Assured at Low Premiums: For as low as ₹400–₹800 per month, you can get ₹1 Cr coverage.
Financial Security: Protect your family’s lifestyle, education, and future dreams even if you’re not around.
Tax Benefits: Under Sections 80C, 80D and 10(10D) of the Income Tax Act.
Customizable Plans: Choose add-ons like critical illness, accidental death, and disability cover.
Peace of Mind: Knowing that your dependents are taken care of, even in your absence.
If you’re looking for affordable life insurance in India with genuine benefits, a term plan is your go-to option.
Selecting a term insurance plan is not just about picking the cheapest premium. Consider these essential factors before making your decision:
Always opt for insurers with a CSR above 95%. This indicates their reliability in paying out claims.
Look for a plan that offers maximum coverage at minimum premium—especially if you’re young and healthy.
Useful options like critical illness rider, accidental death benefit, or premium waiver can enhance your coverage.
Choose plans that offer coverage till at least 85 or 99 years of age for long-term peace of mind.
Online term insurance India plans are cheaper and more transparent due to zero agent commission.
Let’s now look at the best term insurance plans in India, handpicked based on affordability, trust, benefits, and claim performance.
LIC (Life Insurance Corporation of India) is a household name, and its Tech Term Plan offers trust and reliability unmatched by others. Though the premium may be slightly higher, the security it provides is unbeatable.
Minimum Sum Assured: ₹50 Lakhs
Policy Term: 10 to 40 years
Max Maturity Age: 80 years
Claim Settlement Ratio (CSR): 98.52% (2024)
Entry Age: 18 – 65 years
Premiums: Slightly higher, but worth the trust
✅ Trusted brand name
✅ Simple online purchase process
✅ Suitable for salaried and self-employed individuals
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This plan is perfect for people who want flexibility in choosing their premium, term, and benefits. It allows coverage to be adjusted during life milestones like marriage, home loan, or childbirth.
Coverage till 85 years
Option to increase life cover at critical life stages
Add-ons: Critical illness rider, accidental rider
Premium waiver on disability
CSR: 99.04% (2024)
✅ Tailored coverage for life goals
✅ Available both online and offline
✅ Trusted name in private insurance
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One of the most affordable term insurance plans available in India. It offers value-packed features like accidental death benefits and critical illness riders at a competitive premium.
Coverage starts at just ₹1,000/month for ₹1 Cr
Return of Premium Option (Optional)
64 Critical Illness Cover Option
CSR: 99.51% (2024)
✅ High coverage at low premiums
✅ Comprehensive benefits
✅ Option for income payout over 10–20 years
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If you’re looking for lifetime coverage, this plan offers protection up to 100 years of age along with premium return options—rare features in term insurance.
Whole life cover till age 100
Multiple payout options: Lump sum, monthly income, or both
Return of Premium on maturity
CSR: 99.01% (2024)
✅ Ideal for risk-averse customers
✅ Lifetime financial security
✅ Premiums returned if you survive the term
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One of the most advanced term insurance plans in India, combining life cover, critical illness, and disability benefits into a single comprehensive package.
Covers 34 major critical illnesses
Early payout in case of terminal illness
Life coverage till 99 years
Add-on options: Waiver of premium, income benefit
CSR: 98.60% (2024)
✅ Covers both life and health risks
✅ One of the most feature-rich term plans
✅ Instant policy issuance via online application
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| Insurer | Max Age | Riders Offered | Starting Premium (₹1 Cr Cover) |
|---|---|---|---|
| LIC Tech Term | 80 | Accident Benefit | ₹900/month (approx.) |
| HDFC Click 2 Protect | 85 | Critical Illness, Waiver | ₹700/month (approx.) |
| Max Life Secure Plus | 85 | Critical Illness, ROP | ₹650/month (approx.) |
| Tata AIA Supreme | 100 | ROP, Income Payout | ₹800/month (approx.) |
| ICICI iProtect Smart | 99 | Critical Illness, Waiver | ₹750/month (approx.) |
Note: Premiums vary based on age, health, and term length
Term insurance not only provides peace of mind but also offers significant tax advantages:
Section 80C: Deduction up to ₹1.5 Lakhs on premium paid
Section 10(10D): Death benefit is tax-free for the nominee
Section 80D: Additional deduction if critical illness riders are added
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Buying online term insurance India is quick, easy, and cheaper than traditional methods. Here’s how you can do it:
Compare Plans: Use aggregators like PolicyBazaar, Coverfox, or directly visit insurer websites
Use Premium Calculator: Estimate your premium and coverage
Fill KYC Details: Aadhar, PAN, and address proof
Medical Test (if required): At home or designated lab
Pay Premium: Instant digital policy issue
Buy early: Premiums are lower when you’re younger and healthier
Always disclose health history: Avoid claim rejection later
Avoid over-insuring: Choose realistic sum assured based on expenses
Don’t skip riders: They cost little but provide huge protection
Review every 5 years: Adjust coverage as your income grows
If you’re looking for the best term insurance plan in India, the options in this article offer unbeatable value—high coverage, low premium, customizable features, and trusted insurers. Whether you want a simple plan like Max Life, a trusted name like LIC, or a lifetime cover like Tata AIA, you now have the clarity to make the right choice.
Start your journey toward financial protection today. Choose the right term insurance India plan and secure your family’s future.
Q.1 What is the best term insurance company in India?
A: Based on CSR and benefits, Max Life, HDFC Life, and LIC are considered top insurers in India.
Q.2 What’s the ideal age to buy a term plan?
A: The younger you buy (between 25–35), the cheaper your premiums will be.
Q.3 Can NRIs buy term insurance in India?
A: Yes, many Indian insurers offer term plans to NRIs with minimal documentation and online support.
Q.4 What happens if I outlive the policy?
A: In regular term plans, there’s no payout. However, some plans offer Return of Premium (ROP) on maturity.
Q.5 Is medical check-up mandatory?
A: Yes, for higher coverage or older individuals. Some no-exam plans exist but come with higher premiums.