Best Term Insurance Plan

List of Best Term Insurance Plans In India 2025^~

Buy the best term insurance plan in India at Rs.13/day. Choose the right plan from the list of all term plans in India 2025. These plans offer different life cover options for different annual incomes.

Disclaimer: ^~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

Note: The above table shows the list of term insurance plans for 1 crore life cover for the profile of an 18-year-old, non-smoking male, cover upto 38 years.

Know what is term insurance first and then buy a term plan for your loved ones.

Common Customer Queries Answered

Which is the Best Term Insurance in India 2025^† ?

Following is a list of the best term insurance plans in India 2025 offered by the term life insurance companies.

1. Aditya Birla Sun Life Insurance Super Term Plan

   • You can choose from multiple death benefits, as per your individual needs.

   • In case of a terminal illness diagnosis, an early payout will be made to help take care of the medical expenses.

   • The plan allows you to claim hospicare, surgical care, and accidental death benefits at nominal additional premiums.

   • There are discounted premiums for non-smokers and individuals maintaining good health profiles, making long-term protection more cost-efficient.

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2. Aviva Signature 3D Term Plan

   • You can choose from 4 plan options that fit your needs

   • Enhance the base cover with the additional riders available

   • The return of premium option returns all the premiums paid at the maturity of the policy

   • Option to get covered under the MWP Act

   • Get tax benefits as per the prevailing tax laws

   Read More

3. Axis Max Life Smart Term Plan Plus

   • You can choose from the different plan variants based on lifestyle needs and long-term financial goals.

   • It includes built-in flexibility to enhance cover against critical illnesses or accidental death through additional rider options.

   • The policy provides women specific benefits like maternity cover, lifeline cover, and female life discount.

   • It gives customers the option to choose increasing payouts, helping the benefit keep pace with rising household expenses.

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4. Bandhan Life iTerm Prime

   • The plan provides life cover with lump sum payout on demise

   • Option to receive all your premiums back if in case you no longer need life coverage through special exit feature

   • Flexible premium payment modes

   • Option to select add-ons/riders for Critical Illness or Accidental death to increase the policy coverage.

   • Tax benefits on premium amount paid and payouts received as per the prevailing laws of the ITA, 1961.

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5. Bajaj eTouch II Term Plan

   • This plan provides cover against death and the diagnosis of a terminal illness.

   • It offers several riders, including accidental death and waiver of premium on terminal illness and disability benefits, allowing for comprehensive protection under one policy.

   • The plan comes with flexible premium payment modes such as monthly, quarterly, or annual payments, giving more financial control to the policyholder.

   • It offers premium holiday, auto cover continuance benefits, and early exit benefit.

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6. Bharti AXA Flexi Term Pro

   • Choose from 2 plan options

   • The return of premium option pays all the premiums paid at the maturity

   • Select for your spouse to be covered under the same plan

   • Choose to get covered under the policy till 100 years of age

   • Pay the premiums in suitable premium pay term and modes

   • Increase sum assured as per needs at different life stages

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7. Canara HSBC Young Term Plan

   • The plan offers a return of premiums on the survival of the policy term.

   • You can exit the plan early and receive all the premiums paid during the policy.

   • The plan waives off future premiums on the diagnosis of a covered critical illness or an accidental total permanent disability during the policy term.

   • You can block your premium rate at the time of policy purchase and increase the cover up to 100% of the base sum assured.

   • The plan allows you to cover your spouse within the same plan.

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8. Edelweiss Life Zindagi Protect Plus

   • The plan offers better half benefit to help you and your spouse get covered under the same plan.

   • You can increase the sum assured of the base policy with the plans’ top-up benefit.

   • Choose from several different riders like accidental death, accidental disability, critical illness, and hospital cash benefit riders.

   • The waiver of premium rider will waive off the remaining premiums on the diagnosis of a covered critical illness and surviving the 30 day waiting period.

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9. Future Generali India Term Insurance Plan

   • Select the most suitable plan option from the available options

   • Get financial protection for the family

   • Save on taxes as per the prevailing tax laws

   • Customize the policy term and sum assured as per your individual needs

   • Exit the plan early with the special exit benefits

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10. Digit Glow Term Life Insurance

    • This plan is designed to offer affordable premiums and simple policy features for ease of understanding.

    • It includes options for both level and increasing cover, giving the policyholder flexibility to manage risk as expenses evolve over time.

    • The plan offers quick issuance with minimal medical requirements for eligible profiles, making it suitable for individuals seeking a hassle-free process.

    • It supports multiple riders to enhance protection, including accidental death and hospital-related benefits, for broader financial security.

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11. HDFC Life Click 2 Protect Supreme

    • You can choose the most suitable plan from the three plan options: Life, Life Plus, and Life Goal.

    • You can get back all the premiums paid as maturity with the Return of Premium option.

    • The plan pays out an Accelerated Death Benefit in case of a terminal illness diagnosis.

    • You can include Waiver of Premium Benefits for Critical Illness and Total and Permanent Disability.

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12. ICICI Pru iProtect Smart Plus

    • Get ICICI Pru iProtect Smart Plus term plan offers cover against death and enhanced protection at different life stages.

    • You get the flexibility of choosing between limited premium payment and regular premium pay terms.

    • Your nominee can receive an instant claim intimation amount of 3 Lacs on as Accelerated Death Benefits.

    • You get additional benefits like premium break, death benefit in installment benefits, and special discounts for salaried customers.

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13. IndiaFirst Life Elite Term Plan

    • Get long term coverage (till 99 years of age)

    • Receive large life cover at affordable premiums

    • Pay the premiums in a suitable premium pay mode and term

    • The death benefit can be paid in lump sum or regular installments

    • Receive tax benefits on the premium paid as per IT Act, 1961

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14. Kotak e-Term Plan

    • This Kotak Term Insurance offers high coverage at affordable rates .

    • The cover can be enhanced at special life events through the step-up option.

    • This Kotak Term Plan gives you flexibility in choosing payout options.

    • You can also opt for the Kotak e Term Plan online for hassle-free purchase.

    • Add extra protection with the Kotak Mahindra Term Insurance riders.

    • The Kotak Mahindra Term Plan allows customization of sum assured and policy term.

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15. LIC New Tech Term Plan

    • LIC e-Term insurance plan is a non-participating pure life insurance plan

    • You can choose from two benefit options: Level or Increasing Sum Assured.

    • LIC Tech Term offers the flexibility to choose

      • Regular, Limited, or Single premium payment.

      • Benefit payout in installments

      • Policy and premium paying term

    • The plan offers special rates for women and non-smokers.

    • You can also enhance your coverage by including the Accidental Benefit Rider in your base plan.

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16. PNB Metlife Mera Term Plan Plus

    • This is a comprehensive term insurance plan, which can be purchased online.

    • The policy offers additional coverage to the spouse under the same plan.

    • The plan provides the flexibility to enhance the coverage of the policy under Step-Up Benefit, Life Stage Benefit, and Child Education Support Benefit.

    • The policy offers 3 life benefit options with different additional riders included in the base plan.

    • Lower premium rates are offered for non-smokers and female policy buyers.

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17. Pramerica Life Rock Solid Plan

    • The plan offers financial protection for family

    • Flexibility to choose the type of cover, add spouse to the policy, or enhance life stage benefits

    • Exit the plan early with the smart exit benefits

    • Change the premium pay term from regular to limited during the policy term

    • Choose from several death benefit payout options

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18. SBI Life Smart Shield Plus

    • This term plan offers 3 Plan Options, that are Level cover, Increasing Cover, and Level Cover with Future Proofing Benefit.

    • SBI Life Smart Shield Plus is a term plan that provides comprehensive coverage at an affordable premium rate.

    • You can enhance the base cover of your policy with Accidental Death Benefit and Accidental Partial Permanent Disability Benefit riders.

    • The plan can be customized using the Death Benefit Payment Mode and Better Half Benefit Option.

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19. Shriram Life Smart Protection Plan

    • Choose from 3 plan options for different needs

    • Get affordable premiums for a large life cover

    • Get enhanced protection with the available riders

    • Claim term insurance tax benefits as per the prevailing tax laws

    • The family will receive additional death benefit with the accidental death cover

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20. SUD Life Protect Shield Plus

    • Get covered for the required policy term (max. till 80 years of age)

    • Choose sum assured, premium pay term, and policy term as per your needs

    • Affordable premiums remove strain on your pockets

    • The death benefit will be paid as a lumpsum 

    • Claim tax benefits under sections 80C and 10(10D) of the IT Act, 1961

    Read More

21. TATA AIA Sampoorna Raksha Promise

    • Choose the term plan option from 4 options

    • Get 50% base sum assured as accelerated benefit in case of terminal illness diagnosis

    • Get FlexiPay benefits, and Family Plan benefits with this plan

    • With this TATA AIA Term Plan, you get an in-built waiver of premium in the terminal illness diagnosis

    Read More

*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 complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

How to Choose The Best Term Life Insurance in India?

Here is how term insurance plan in India in 2025:

What are the Factors to Consider Before Buying the Best Term Insurance Plan?

When you start looking for a term plan, there are a few practical things you should think about instead of just picking whatever looks the most affordable or has the biggest number. Here are some of the key points most people end up checking before finalising a policy.

Financial protection

A term plan is mainly about making sure your family has money to fall back on if something happens to you. The payout can help them manage day-to-day expenses and any unexpected financial pressure that usually comes up during such times.

Customisable options

Most insurers offer various plans, and you can adjust the features depending on what you actually need. The best term insurance plan with lower premiums usually comes with wider benefits. Some people also consider a home loan insurance cover so their family does not have to worry about EMIs later.

Medical-related cover

Various plans now include medical-linked features such as term insurance with OPD care or critical illness benefits. These can ease hospital expenses or treatment costs, which tend to be quite high today.

Encourages disciplined savings

Some insurance products blend protection with savings or investment, which helps people stay consistent with their financial planning. Tools like a basic FIRE calculator also help you see how much you should save and invest long-term, so your insurance fits into the bigger picture.

Supplementary income support

Certain plans allow the nominee to receive payouts at regular intervals instead of everything at once. This can act like a temporary income source during a difficult period.

Loan facility

A few policies let you borrow against the policy value, which can be useful if you suddenly need funds and do not want to break your savings.

Tax benefits

Premiums paid toward life insurance are eligible for deductions under Section 80C of the Income Tax Act, which helps reduce your taxable income each year.

Key Takeaways Before Choosing the Best Term Life Insurance in India

Term Plans are more Affordable than Other Types of Life Insurance

The Best Term insurance in India will have a much more affordable premium than other types of life insurance. You can buy term insurance at ₹13/day, making it easier to secure your family’s future while also supporting long-term goals like FIRE (Financial Independence, Retire Early).

Younger the Age, Lower the Premium

Various insurance advisors suggest that you buy term plan in India as early as possible to secure a large life cover at highly affordable premiums.

Offers Long Term Protection till 99/100 years

With the best term insurance plans, you can get covered under the plan till you turn 99/100 years old and ensure the financial protection of your family.

Premiums Remain Constant

The premiums once selected remain constant for the entire policy tenure, unless you increase the life stage benefit at marriage, childbirth, or home loan. You can also use a home loan insurance calculator to see the approximate premiums you would need to pay for a new home loan insurance.

Save up to 46,800 on Taxes

You can claim up to Rs. 46,800 as term insurance tax benefits on the premiums paid under section 80C of the Income Tax Act, 1961.

Available for NRI Customers

Many insurance providers offer term insurance for NRI and PIO/OCI customers, which allows them to ensure the financial security of their loved ones, irrespective of their location.

Comprehensive Protection

With the important term insurance riders in India, you can get comprehensive protection against various eventualities.

Which is the Best Term Insurance in India for NRIs?

For NRIs, choosing the right term insurance is mainly about ensuring that their families in India stay financially secure, even while they are settled abroad. Indian insurers continue to offer solid protection options that work well for people living outside the country.

Best Term Insurance for NRIs in the UAE
Many NRIs in the UAE prefer taking term insurance from Indian companies because the premiums are usually more manageable and the coverage is quite strong. The yearly payment option even comes with a small 5% discount, which a lot of people find useful. Claims for families in India are straightforward, and the added tax benefits under Indian rules make it a sensible long-term choice.

Best Term Insurance for NRIs in the UK
For those staying in the UK, Indian term plans often cost much less than local UK policies. They provide worldwide coverage, so your family is protected regardless of where you currently live. Most Indian insurers have simple online processes to buy or update your plan. The annual payment discount is available here too, which adds a bit more value.

Best Term Insurance for NRIs in the USA
NRIs in the US usually look at Indian term plans because of the lower premiums and the comfort of having worldwide coverage. The paperwork and payments across borders are fairly easy to manage. Since the benefits also apply to family members living in India, many people feel it’s a dependable option. The plans come with tax perks and other useful features as well.

Best Term Insurance for NRIs in Canada
Indian term insurance can be cost-effective for NRIs in Canada, especially compared to the premiums charged locally. These plans offer global protection and flexible payment choices. The ability to handle almost everything online, along with tax benefits in India, makes them quite practical for long-term security.

Best Term Insurance for NRIs in the Netherlands
For NRIs living in the Netherlands, Indian term plans offer wide-ranging worldwide coverage, handy for families who still depend on income from India. Premiums are usually competitive, and customer support for NRIs has improved a lot over the years. Some plans include added features like terminal illness riders, which give extra protection. Managing the policy online is quite simple too.

Best Term Insurance for NRIs in New Zealand
People in New Zealand often go for Indian term plans because they provide solid coverage at a reasonable cost. You can pay premiums either in INR or in foreign currency, depending on the insurer’s rules. The best term insurance in New Zealand also offer tax benefits, which make them a suitable choice for NRI customers.

Best Term Insurance for NRIs in Qatar
For those in Qatar, Indian insurers offer comprehensive plans at affordable premium levels. The online purchase and servicing are smooth, which saves time. Payments can usually be done in INR or in another currency. Combined with the tax savings and worldwide coverage, these plans give families steady financial protection.

Best Term Insurance for NRIs in Singapore
NRIs in Singapore have access to Indian term plans that offer strong global coverage at competitive pricing. The plans also allow riders like critical illness cover, which many buyers prefer adding. The entire buying and servicing process is fairly easy to handle online. With the added tax-saving advantage in India, these policies turn out to be a reliable long-term solution for families.

Why Choose Policybazaar for Term Insurance Plan?

Policybazaar makes it easier to compare term insurance plans from different insurers in one place. The details are laid out simply enough, so you can check the coverage, premiums, and add-ons without feeling buried under information. The buying process is mostly smooth, with minimal paperwork and quick access to your policy whenever you need it. If you get stuck, you can just request a call and talk to an advisor who helps you figure out what suits your situation. Their team also supports families during claims, so they aren’t running around for updates. Overall, it’s a practical and reliable place to buy term insurance.

Best Term Insurance Plan in India- FAQs