Life Insurance Plans in India

These days, life insurance plans are considered as one of the major pillars of financial planning. A life insurance policy not only provides financial protection to the family in the event of an unforeseen circumstance but also serves as a long-term investment option to achieve the financial objectives of life. However, with an extensive range of insurance policies available in the market, choosing the best life insurance policy which fulfils all your requirements is always a tricky task to do. Therefore, it is essential to compare various plans online and ensure that the plan you choose offers all the necessary benefits.

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Why Life Insurance?

Higher coverage at affordable premiums
Get life cover worth Crores by paying a minimal price
Protection from loans, debts & liabilities
In case of your untimely demise, term insurance helps your family pay-off your debts & liabilities
Buy Early, Save more!
Premiums are cheaper while you’re young. Buy early & pay the fixed amount throughout the policy term
All-round Protection
Add-ons benefits like income on disability, critical illness & waiver of premium protect you from risks like income loss, etc
Coverage up to 99 Years
Term plans provides lifetime coverage of up to 99 years
Tax Benefits worth Rs 75,000
Premiums paid for Term insurance can save you up to 75,000 in taxes

To help you choose the best life insurance policy, we have listed the top life insurance plans in India for your consideration.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

List of Best Life Insurance Plans to Buy in 2025

Best term insurance plans

Name of the Insurer	Term Insurance Plan	Entry Age	Maximum Maturity Age
Aditya Birla Sun Life Insurance Company Limited	ABSLI Income Suraksha Plan	21-55 years	70 years
Aviva Life Insurance Company India Limited	Aviva Signature 3D Term Plan	18-65 years	80 years
Bandhan Life Insurance Limited	Bandhan Life iTerm Prime	18-65 years	70 years
Bajaj Allianz Life Insurance Company Limited	Bajaj Allianz eTouch	18-55 years	99 years
Bharti Axa Life Insurance Company Limited	Flexi Term Pro	18-65 years	99 years
Canara HSBC Life Insurance Company Limited	Canara Young Term Plan	18-45 years	99 years
Edelweiss Life Insurance Company Limited	Edelweiss Life Zindagi Plus	18-65 years	80 years
Future Generali India Life Insurance Company Limited	Future Generali India Term Insurance Plan	18-60 years	65 years
HDFC Life Insurance Company Limited	HDFC Click 2 Protect Super	18-65 years	85 years
ICICI Prudential Life Insurance Company Limited	ICICI iProtect Smart	18-65 years	99 years
IndiaFirst Life Insurance Company Limited	IndiaFirst Life Elite Term Plan	18-60 years	99 years
Kotak Mahindra Life Insurance Company Limited	Kotak e Term	18-65 years	85 years
Life Insurance Corporation of India	LIC New Tech Term Plan	18-65 years	80 years
Axis Max Life Insurance Company Limited	Max Life Smart Total Elite Protection	18-65 years	85 years
PNB MetLife India Insurance Company Limited	PNB MetLife Mera Term Plan Plus	18-50 years	80 years
Pramerica Life Insurance Company Limited	Pramerica Life Rock Solid Plan	18-65 years	85 years
SBI Life Insurance Company Limited	SBI eShield Next Plan	18-65 years	100 years
Shriram Life Insurance Company Limited	Shriram Life Smart Protection Plan	18-65 years	75 years
Star Union DAI-ICHI Life Insurance Company Limited	SUD Life Protect Shield Plus	18-60 years	80 years
Tata AIA Life Insurance Company Limited	Tata AIA Sampoorna Raksha Promise	18-65 years	100 years

*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

Investment Plans

Investment Plans	5 Year Returns	10 Year Returns
SBI Life Insurance Company Ltd SBI Life-eWealth Plus	15.7%	12.3%
HDFC Life Insurance Company Ltd Click2Invest	28.1%	21%
Axis Max Life Insurance Co. Ltd Online Savings Plan	28.6%	17.8%
ICICI Prudential Life Insurance Company Ltd EzyGrow - Wealth	25.1%	17.7%
Tata AIA Life Insurance Company Ltd Smart Fortune Plus-Wealth Secure	27.3%	17.9%
Bajaj Life Insurance Company Ltd Smart Wealth Goal V	27.5%	18.8%
Birla Sun Life Insurance Company Ltd Wealth Smart Plus	22%	15.4%
Kotak Mahindra OM Life Insurance Ltd E-Invest Plus	20.7%	14.2%
PNB MetLife India Insurance Company Limited Smart Goal Ensuring Multiplier-Wealth	20.3%	15%
Canara HSBC Life Insurance Company Promise4Growth Plus - Wealth	15.6%	10.9%
Star Union Dai-ichi Life Insurance Company Ltd e-Wealth Royale	14.2%	10.2%
IndiaFirst Equity Advantage Fund	19.31%	12.35%
Shriram Life Growth Plus	Up to 15%	-
Reliance Nippon Life Wealth and Insurance Plan	Up to 24.44%	Up to 12.76%
Ageas Federal Life Smart Growth Plan	Up to 25.98%	Up to 13.98%
Bharti AXA Life Growth Wealth Ultra	Up to 19.56%	Up to 14.33%
Edelweiss Tokio Life Wealth Premier	-	-
Generali Central Big Dreams Plan	Up to 17.27%	-
Pramerica Life Insurance Limited Smart Invest 1 UP	27.4%	17.9%
Bandhan Life Insurance Limited. iInvest Advantage Plan	20.1%	13.8%
Aviva Signature Investment Plan - Platinum	Up to 15.20%	Up to 10.51%
Go Digit Life	-	-
CreditAccess Life	-	-
LIC India Index Plus	13.3%	14.9%

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Compare 40+ plans from 15 Insurers

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How to Choose the Best Life Insurance Policies in India

Look at the claim track record, not just the percentage
To pick a top 10 life insurance policy in India, considering high claim settlement ratio is good, but the real story is in the claim amount settled and how consistently the insurer pays. It shows whether they handle big-ticket claims without making it stressful.
Focus on benefits that match your life stage
Someone in their 20s needs affordability and long coverage. A parent in their 40s might prioritise riders and income protection. A single “best policy” doesn’t exist, the best one is the one that fits your situation and fulfils your needs
Check how long the plan protects you
Policies offering coverage till 80, 85 or even 100 years can be useful if you worry about long-term financial risks or want to leave behind a tax-free legacy.
Compare rider flexibility
Accidental death, critical illness, waiver of premium, these add-ons make a big difference. Pick insurers that allow you to customize your plan according to your needs.
Don’t ignore the premiums over the long run
Cheap today doesn’t always stay cheap. Compare long-term affordability: annual premiums, payment options, and how the price changes with smoking habits, medical history or increasing cover.

Wrapping it Up!

These life insurance plans offered by the life insurance company to cater to the needs of the insurance seekers. Moreover, according to your own choice you can choose the policy online and buy the policy is easy and hassle free-way.

Other than the above-mentioned life insurance policies, there many other plans available in the market. Make your choice and pick a company that offers services to your best likings.

Note: Check out the best term insurance policy in India and choose one that suits your requirements.

Note: You should also check the benefits of term insurance if you are planning to purchase the term insurance plan.

People also search for

What is Term Life Insurance

FAQs

Q: What factors are used to decide the top 10 life insurance policy in India?

The list usually comes from a mix of claim-settlement performance, premium value for the coverage offered, rider options, long-term policy benefits and how easy the insurer makes buying and servicing the plan.
Q: Does a top 10 life insurance policy in India guarantee the best coverage for me?

Not always. These plans rank high because they perform well overall, but the right policy depends on your age, income stability, dependents and long-term financial goals. Use the list as a guide and then compare features that matter to your situation.
Q: Can I rely only on the top 10 life insurance policy in India while choosing a plan?

It’s a good place to start, but don’t stop there. After shortlisting, check premium affordability, claim experience, rider availability and how the policy fits into your financial plan. The “top 10” tag helps you filter options, but the final choice should be personalised.
Q: What are the 4 types of life insurance policy?

4 types of life insurance policy are:
Term insurance is a type of insurance that only protects you and pays your family a lump sum if you die while the policy is in effect. It doesn't help you save money, and it's usually the cheapest choice.
Whole Life Insurance: Covers you for your whole life and has a cash value that grows over time. Premiums are higher, but they don't change.
Endowment Plans: A way to save money and protect yourself at the same time. If you live longer than the policy term, you get a maturity payout. If something happens before that, your family gets the sum assured.
Unit-Linked Insurance Plans (ULIPs): These connect your policy to investments in the stock market. A portion of the premium goes toward life insurance, and the rest is put into funds that match your risk tolerance.

Different types of Plans

Term Insurance

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List of Term Insurance Companies

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TROP

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Term Insurance For Family

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Term Insurance For NRI

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Life Insurance Corporation of India

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1 Crore Term Insurance

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2 Crore Term Insurance

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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