Prices Increasing soon Prices Increasing Soon

Best Life Insurance Plans in India

In this modern era where life is uncertain, purchasing life insurance is one of the most significant decisions that anyone can make. Irrespective of what one earns, it is suggested to purchase a life insurance policy according to pocket. This is because premature death, illness, or accident of the breadwinner can share the life of the entire family.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

This may lead to devastating financial consequences for the members of the family. However, there are many best life insurance policy in India available and if one has one of such plans, then the family can at least maintain their living standard.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

What is a Life Insurance Plan?

A life insurance plan is something that offers a dedicated amount of money to the family of the policyholder on his/her demise.

Types of Life Insurance

  • Whole Life Plan

  • Term Plan

  • Money Back Policy

  • Endowment Plan

  • Unit Linked Plan

  • Child Plan

  • Retirement Plan

  1. Whole Life Plan

    This type of life insurance plan provides coverage for the whole life of the policyholder. To get the coverage, the claim should be made as the coverage duration is whole life. The nominee of the policyholder for sure gets a lump sum amount upon death of the policyholder. The premium of whole life insurance plans is high because it provides complete risk claim.

  2. Term Plan

    One of the most affordable or cheapest life insurance plans available in the market today is a term plan. In a term plan, the life insurance provider gives a lump sum amount to the nominee of the policyholder only when the policyholder dies within the term of the plan he/she has taken. In this way, if the policyholder outlives the term of the plan, the insurance company does not give anything. In other words, no survivor benefit is given in this plan. Many companies are providing term plan with survivor benefit as a rider; however, one has to pay some extra money to get the rider.

  3. Money Back Policy

    This plan is appropriate for the people who require both financial protection for family and some money during the policy tenure for meeting his/her requirements. In this way, as per this plan, the insurance company gives a lump sum amount at the death of the policyholder and some and a specific amount in specific intervals such as in five years and 10 years. The premium for this plan is also high.

  4. Endowment Plan

    This life insurance plan is a combination of protection and savings plan. Under this plan, the life insurance provider has to give a fixed amount at the maturity of the policy or death of the policyholder. Generally, the duration of this plan is 20, 15, or 10 years and the rate of premium are high. The policy amount that one gets can be without profit or with profit depending upon the policy selected by the policyholder.

  5. Unit Linked Plan

    A plan that provides both insurance and investment opportunity is known as a Unit Linked Insurance Plan or ULIP. The premium that the policyholder pays to the insurance company is divided into two parts. The first part is given to the insurance company's pool to meet the death claims of the policyholder. The 2nd part is invested in the investment market according to the preference of the insurance provider. The calculation of NAV is done every day for the investments.

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
  6. Child Plan

    A policy that helps to safeguard the future of the children is known as child plan. This policy gives a lump sum amount either for the marriage or higher education of the child. According to this policy, a child is eligible to get a specific amount of money once he/she attains a specific age.

  7. Retirement Plan

    As the name of this plan suggests, it offers financial help in the old age or when one gets retired. The retirement plan is for securing the age when the insured gets retired. One can start investing in this plan from a very young age or as soon as one starts earning.

Different types of Plans


Premium By Age

Life insurance articles

Recent Articles
Popular Articles
What High Net Worth Individuals (HNIs) Do To Secure Their Family?

09 Aug 2023

High net worth individuals often opt for life insurance plans to
Read more
A Review Of ICICI Prudential Life Insurance

28 Jun 2023

“Policy Bazaar insurance clarified the term policy for me, so
Read more
A Review Of HDFC Life Insurance

27 Jun 2023

“I recently bought an HDFC term plan and it is the best
Read more
Best Life Insurance Policy in India with High Returns

20 Jun 2023

The best life insurance policy in India is a type of life
Read more
Which Insurance is Best in India?

20 Jun 2023

Insurance is a financial product that transfers the risk to a
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is about the financial protection of the family and working for life’s milestones through smart
Read more
Life Insurance Claim Settlement Ratio
The Claim Settlement Ratio is a percentage that represents the ratio of claims paid to customers by an insurance
Read more
PLI Surrender Value Calculator
PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI
Read more
SBI Life Insurance Policy Surrender Value Calculator
Are you planning to surrender your SBI life insurance plan? But, are you aware of the amount attached to the
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL