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 case of an eventuality but also works 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. Thus, it is imperative to compare various plans online and make sure that the plan you choose offers all the benefits.
To help you choose the best insurance policy, here we have listed the top life insurance plans in India to invest in.
Plan Name |
Entry Age |
Maturity Age |
Sum Assured |
Premium payment options |
Tax Benefit |
Aditya Birla Sun Life Protector Plus Plan |
18 years-65 years |
70 years |
Min- Rs. 30 Lakh Max- No upper limit |
Regular pay |
Offers tax benefit U/S 80C of IT Act |
Aegon Life iTerm Plan |
18 years-65 years |
80 years |
Min- Rs.25 Lakh Max- no upper limit |
Equal to the policy term |
Offers tax benefit U/S 80C of IT Act |
Aviva i-Life |
18 years- 55 years |
75 years |
Min-Rs.25lakh Max-No upper limit |
Equal to the policy term |
Offers tax benefit U/S 80C of IT Act. |
Bajaj Allianz Life Smart Protect Goal |
18 years-65 years |
With ROP-75 years Without ROP-80 years |
Min-Rs.50 lakh Max- No upper Limit |
Single pay, regular pay and limited pay |
Offers tax benefit U/S 80C & 10(10D) of IT Act. |
Bharti AXA Life Monthly Advantage Plan
|
6 years- 12 years Policy tenure 2 years-16 years policy tenure 91 days- 24 years of the policy tenure Max- 65 years- 12&16 years policy tenure 60 years- 24 years policy tenure
|
77 years, 81 years & 84 years |
Min- Rs.50,000 Max- no upper limit |
6 years, 8 years and 12 years |
Offers tax benefit U/S 80C of IT Act |
Canara HSBC Investment Shield Plan
|
18 years-50 years |
65 years |
Limited&Regular pay- 10 times of the annualized premium Single pay- Min-1.25 times of single premium Max- 10 times of the single premium |
Single pay, limited pay and regular pay |
Offers tax benefit U/S 80C of IT Act |
Edelweiss Tokio Life-Simply Protect Plan
|
18 years-65 years |
80 years |
Min- Rs.25,00,000 Max- No upper limit |
Single pay, limited pay and regular pay |
Offers tax benefit U/S 80C of IT Act |
Exide Life Income Advantage Plan
|
10 years- 55 years for 16 years policy tenure 6 years- 55 years for 24 years policy tenure 3 years-50 years for 30 years policy tenure |
72 years, 79 years and 80 years |
N/A |
8 years, 12 years & 15 years |
Offers tax benefit U/S 80C of IT Act |
Future Generali Care Plus Plan
|
18 years- 60 years |
65 years |
Min- Rs.25 lakh Max- no upper limit |
Equal to the policy tenure |
Offers tax benefit U/S 80C of IT Act |
HDFC Life 3D Plus Life Option |
18 years-65 years |
23 years-85 years |
Min- Rs.50 Lakhs For Return of Premium(ROI)- Rs.25 lakh Max- No upper limit |
Single pay, regular pay and limited pay |
Offers tax benefit U/S 80C of IT Act. |
ICICI Prudential iProtect Smart |
18 years-65 years |
70 years |
Subject to the minimum premium paid |
Single pay, regular pay and limited pay |
Offers tax benefit U/S 80C of IT Act. |
IDBI iSurance Flexi Lump-sum Plan |
18 years-60 years |
80 years |
Min-50 Lakh Max-No upper Limit |
Regular pay |
Offers tax benefit U/S 80C of IT Act |
India First Smart Save Plan
|
5 years – 65 years |
75 years |
N/A |
Single pay, regular pay & limited pay |
Offers tax benefit U/S 80C of IT Act |
Kotak eTerm Plan |
18 years-65 years |
75 years |
Min-Rs.25 lakh |
Single pay, regular pay and limited pay |
Offers tax benefit U/S 80C & 10(10D) of IT Act. |
Max Life Online Term Plan Plus |
18 years-60 years |
85 years |
Min-Rs.25 lakh Max-1 Crores |
Regular Pay or Pay till the age of 60 |
Offers tax benefit U/S 80C & 10(10D) of IT Act. |
PNB MetLife Mera Term Plan |
18 years-65 years |
75 years, 99 years |
Min- Rs.10 lakh Max- Np upper Limit |
Equal to the policy term |
Offers tax benefit U/S 80C of IT Act. |
Pramerica Smart Wealth Life Insurance Plan
|
8 years- 55 years |
75 years |
N/A |
5 years, 10 years, 15 years & 20 years |
Offers tax benefit U/S 80C of IT Act |
Reliance Nippon Life Online Income Protect Plan
|
18 years- 55 years |
75 years |
Min- Rs. 35 lakh Max- no upper limit |
Equal to policy tenure |
Offers tax benefit U/S 80C of IT Act |
Sahara Sanchit Jeevan Bima Plan
|
18 years- 65 years |
75 years |
Up to 45 years of age- 125% of single premium paid Age 45 and above- 110% of single premium paid |
Single pay |
Offers tax benefit U/S 80C of IT Act |
SBI Life eShield |
18 years- 65 years(Level Cover) 60 years(Increasing Level Cover) |
Level Cover- 80 years Increasing Level Cover-75 years |
Min- Rs.35 lakhs Max-no upper limit |
Equal to the policy term |
Offers tax benefit U/S 80C & 10(10D) of IT Act. |
SBI Life Smart Shield
|
18 years- 60 years |
80 years |
Min- Rs.25 lakh Max- No upper limit |
Regular pay & single pay |
Offers tax benefit U/S 80C of IT Act |
Shriram New Shri Vidya Plan |
18 years- 50 years |
70 years |
Min- Rs.1 lakh Max- no upper limit |
Regular pay & limited pay |
Offers tax benefit U/S 80C of IT Act |
Start Union Dai-ichi Premier Protection Plan |
18 years-60 years |
70 years |
Min- 25 lakh Max- 1 Crore |
Equal to policy tenure |
Offers tax benefit U/S 80C of IT Act |
TATA AIA Fortune Maxima Plan
|
0 years- 60 years |
100 years |
Single pay 1.25 time of single premium Limited pay- Higher of 10 times of annual premium or 0.5 times of policy term * AP
|
Single pay & limited pay |
Offers tax benefit U/S 80C of IT Act |
Disclaimer: “Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.”
Let’s take a look at these plans in detail.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C ApplyThis is a comprehensive life insurance plan, which provides financial security to the family of the insured against any type of eventuality. Along with the benefit of insurance coverage, the plan also provides an opportunity for the insured to create a financial cushion in the long run. Following are the features of Aditya Birla Sun Life Protector Plus Plan:
This is a comprehensive insurance plan, which can be purchased online at an affordable premium rate. The plan comes with in-built rider benefits like accidental death and critical illness rider. Following are the features of the Aegon Life iTerm Plus Plan.
Aviva i-life is one of the life insurance plans, which offers a wide range of cover options to insurance buyers. As a comprehensive life insurance plan, Aviva i-life financially safeguards the future of the family members in case of any eventuality. The following are the features of the plan.
As one of the life insurance policy, Bajaj Allianz Life Smart Protect Goal not only provides financial protection to the insured's family but also help to achieve the financial objectives of life. Let’s take a look at the features of the policy.
This is a limited premium payment, traditional participating plan, which provides guaranteed monthly income to the insured until the maturity of the policy. Along with the benefit of guaranteed return, the plan also provides insurance coverage to the family of the insured against eventualities. Let’s take a look at the features of the policy.
This is a unit-linked, non-participating endowment life insurance plan, which offers the benefit of insurance coverage along with the benefit of investment returns. Here are the features of the policy.
This is non-participating non-linked term life insurance plan, which provides financial protection to the family of the insured against unforeseen circumstances. The plan can be purchased online through simple and easy process. Let’s take a look at the features of the policy.
This is a non-participating life insurance savings plan, which ensures financial security of the family of the insured along with the benefit of guaranteed regular income. This policy not only takes care of the liabilities of the family but also ensures that they maintain a good lifestyle even in the absence of the insured. The following are the features of the policy.
This is a pure term life insurance plan that provides comprehensive insurance coverage to the family of the insured at an affordable premium rate. The policy is specifically designed to cater to the requirements of the insurance buyers. The following are the features of the policy.
As one of the life insurance policy in India, HDFC Life Click 2 Protect 3D Plus is a comprehensive term insurance plan which can be purchased online. The 3D in plan refers to the three different uncertainties i.e. disease, disability, and death. The plan safeguards the financial future of the family at an affordable premium rate. The following are the salient features of the plan.
This is an enhanced life insurance policy, which offers comprehensive coverage to the family of the insured in case of an eventuality and protects their financial future. The plan comes with four different types of payout options. Let’s take a look at the features of this life insurance policy in detail.
This is a comprehensive life insurance policy, which safeguards the financial future of the insured’s family and takes care of the liabilities in case of any eventuality. Here are some of the salient features of the policy.
As one of the life insurance plans in India, this is a non-participating unit linked savings life insurance plan, which helps an individual to accumulate funds over a long period of time. The plan helps to initiate the habit of systematic savings with an objective of wealth creation by investing in 4 different fun options as per one’s own choice and risk appetite. Let’s take a look at the features of the policy.
This is an online term plan offered by Kotak Life Insurance. The plan provides comprehensive coverage to the family of the insured in case of any eventuality. Let’s take a look at some of the salient features of the plan.
This is an online life insurance plan, which provides comprehensive coverage to the family of the insured at an affordable premium rate. The plan works as a pure term plan, which comes with many different variants. Let’s take a look at the salient features of the policy.
This is a pure protection term plan, which offers comprehensive cover to the family of the insured. As one of the insurance policies available in the market, this plan is suitable for individuals who want to secure the future of their loved ones at an affordable premium rate. Let’s take a look at the salient features of the plan.
This is a non-participating Unit Linked Insurance Plan, which provides insurance coverage to the family of the insured along with the benefit of investment returns over a long-term period. The plan helps to initiate the habit of systematic savings with an objective of wealth creation by investing in 5 different fun options as per one’s own choice and risk appetite. The following are the features of the policy.
This is a non-participating, non-linked term insurance plan that takes care of the financial liabilities of the family in case of any eventuality. The plan also provides the family with regular monthly income so that they can maintain the same standard of living even in the absence of the insured. Here are some of the salient features of the policy.
This is a unit-linked one-time pay life insurance policy, wherein the premium paid by the policyholder is invested in the capital market with an objective to create wealth over a long period of time and gain high returns on investment. Along with the benefit of investment returns, the plan also offered insurance coverage to the family of the insured. Let’s take a look at the salient features of the policy.
Another option of the life insurance plan is the SBI Life shield plan. As a pure protection plan, it offers tailored benefits to the policyholder and provides financial security to the insured’s family in case of eventualities. Let’s take a look at the features of the policy.
This is a non-participating term insurance plan that provides financial protection to the family of the insured in case of any eventuality. As a comprehensive term life insurance policy, SBI life Smart Shield offers insurance coverage at an affordable premium rate. The following are the salient features of the policy.
This is a participating traditional child life insurance plan that secures the financial future of the child and provides protection against any type of eventualities. The plan is specifically designed to cater to the requirements of the child at various stages of life. Let’s take a look at the salient features of the policy.
This is a comprehensive term insurance plan, which provides financial protection to the family of the insured against any type of eventualities. The plan offers insurance coverage at an affordable premium rate. Here are some of the salient features of the policy.
This is a unit-linked non-participating whole life insurance plan, which ensured the financial protection of the family of the insured. The plan allows the policyholder to maximize the whole life protection corpus by investing in market-linked securities. Investment in this plan can help the insured to achieve short-term and long-term financial goals along with the benefit of whole life insurance coverage. The following are the salient features of the policy.
Wrapping it Up!
These top 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.
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