Best Term Insurance Plan

List of Best Term Insurance Plan In India 2025^~

Buy term insurance in India at Rs.16/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: ^~Top 5 plans based on annualized premium for bookings made through https://www.policybazaar.com in the first 6 months of FY 24-25. 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 Insurance Regulatory and Development Authority of India 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.

List of Term Insurance Plans In India 2025^†

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

1. Aditya Birla Sun Life Insurance Income Suraksha Plan

   • Choose from 2 plan options as per your suitability: Fixed Income Protection and Increasing Income Protection

   • Get discounts upto 11% - for salaried the first year 7% + 4% special online discount

   • Select the option to enhance cover at additional premiums with riders

   • Choose to pay the premiums in the most suitable premium pay mode

   Read More

2. Aviva Signature 3D Term Plan

   • Choose from 4 plan options that fits 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 Total Elite Protection Plan

   • The plan offers flexible premium payment options

   • Get accelerated benefits on diagnosis of critical illness with the accelerated critical illness benefits

   • Receive all the premiums back on exiting the policy early with the special exit value benefits

   • Choose to delay premiums for up to 12 months without any late fees or interest

   Read More

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.

   Read More

5. Bajaj Allianz eTouch Online Term Plan

   • This term insurance can be purchased online in a simple and hassle-free way.

   • In case of the demise of the insured, the policy offers a guaranteed annual pay-out to the family for 15 years.

   • The plan offers two different options for payouts.

   • The maximum maturity age of the policy is 70 years.

   Read More

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

   Read More

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.

   Read More

8. Edelweiss Life Zindagi Plus

   • The plan provides financial stability to the family of the policyholder

   • Gives peace of mind to the policyholder

   • Provides tax benefits as per the prevailing tax laws

   • Choose from the suitable plan options

   • Pay premiums at your convenience

   Read More

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

   Read More

10. HDFC Life Click 2 Protect Super

    • The plan provides financial protection to the family of the life assured in case of any eventualities.

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

    • The insurance holders can choose from 3 different plan options, as per their requirements and suitability.

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

    Read More

11. ICICI Prudential iProtect Smart

    • This term insurance in India can be purchased online in a simple and hassle-free way.

    • The plan provides comprehensive coverage against terminal illness, death, and disability.

    • There are also special premium rates offered for non-tobacco users.

    • You can opt for the premiums to be paid in a single pay, regular pay, or limited pay, as per your choice.

    • The life assured can choose from the three different benefit payout options, which are monthly income, lump sum, or a combination of both.

    Read More

12. 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

    Read More

13. Kotak e-Term Plan

    • It is a low-cost insurance policy, which offers high coverage at a pocket-friendly price.

    • Through the step-up option, the cover can be enhanced at special life events.

    • Offers three pay-out options to choose from and three plan options.

    • Choose rider benefit options such as accidental death benefit, total permanent disability, and critical illness.

    Read More

14. 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.

    Read More

15. 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.

    Read More

16. 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

    Read More

17. SBI Life eSheild Next

    • This is the term insurance plan in India, which comes with premium paying options like single pay, regular pay, or limited pay.

    • SBI Life eShield Next is the term plan that provides comprehensive coverage at an affordable premium rate.

    • The insured can choose from three different options of coverage.

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

    Read More

18. 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

    Read More

19. 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

20. 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

    • Receive in-built waiver of premium in 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

But before learning how you can select the term insurance plan for yourself, let’s first understand the meaning of term insurance, term insurance benefits, and its definition.

What are the Steps to Choose Term Insurance Plan in India?

Here is a list of all the steps you should follow to choose term insurance plan in India in 2025:

Factors to Consider Before Buying a Term Insurance Plan

There are a number of different factors of the best term insurance plan that should be considered before buying the right term plan, and here are a few of them: 

Financial Protection
Term Insurance offers financial security by providing a payout to the policyholder's family in the event of their death, helping manage unforeseen financial burdens.

Customizable Plans
Insurers offer a variety of policies tailored to different needs—plans with higher premiums generally offer greater benefits.

Medical Coverage
Many policies cover hospital expenses and critical illness treatments, helping ease healthcare costs.

Promotes Saving Habits
Certain insurance plans come with savings or investment components, encouraging disciplined financial planning.

Supplementary Income
Some policies offer regular payouts (monthly or quarterly) after a claim is triggered, ensuring continued income during difficult times.

Loan Facility
Select insurance policies allow policyholders to borrow against the policy, offering liquidity during emergencies.

Tax Savings
Premiums paid towards life insurance qualify for tax deductions under Section 80C of the Income Tax Act, 1961.

Some Important Things to Know About the Term Insurance in India

Term Plans are more Affordable than Other Types of Life Insurance

Term insurance in India will have a much more affordable premium than other types of life insurance. You can buy term insurance at 16/day.

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 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 remains constant for the entire policy tenure, unless you increase the life stage benefit at marriage, childbirth, or home loan.

Save up to 46,800 on Taxes

Claim up to Rs. 46,800 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, that 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.

Why Should NRIs Buy Term Life Insurance from India?

For NRIs, having the right term life insurance is important to protecting and securing their financial future, especially while living abroad.

Term Insurance in India for NRIs in the UAE

NRIs in the UAE can benefit from buying term insurance from Indian insurers, who offer comprehensive coverage at competitive rates. These plans are tailored to meet NRIs' financial needs, with flexible premium payment options and a 5% discount for annual payments. Many plans also provide high coverage and easy claims for family members in India. Plus, the tax benefits under Indian laws make it an excellent long-term purchase.

Term Insurance in India for NRIs in the UK

For NRIs in the UK, Indian term insurance policies often have lower premiums compared to local UK options. These plans offer global coverage, ensuring that your family is protected no matter where you are. Indian insurers also have user-friendly online processes to purchase and manage policies. Additionally, the GST exemption under Indian law adds further value to the policy.

Term Insurance in India for NRIs in the USA

For NRIs in the USA, term insurance from India offers peace of mind with worldwide coverage and affordable premiums. Indian insurers make it easy to handle cross-border transactions and provide plans designed to meet NRIs' needs, ensuring that your family in India is well-covered. The plans also offer attractive tax benefits and features, making them a smart financial choice.

Term Insurance in India for NRIs in Canada

Indian term insurance plans provide NRIs in Canada with global coverage, ensuring financial security for family members in India. These plans often come with lower premiums than Canadian options and offer flexible payment modes. The convenience of buying and managing policies online, along with the tax benefits under Indian law, makes these plans a great option for NRIs.

Term Insurance in India for NRIs in the Netherlands

NRIs in the Netherlands can opt for Indian term insurance plans that offer extensive worldwide coverage, perfect for families with dependents in India. Indian insurers offer competitive premiums and strong customer support for NRIs. Many plans also include extras like terminal illness riders, providing complete protection. The easy online policy management makes these plans hassle-free to maintain.

Term Insurance in India for NRIs in New Zealand

Indian term insurance offers NRIs in New Zealand affordable coverage, ensuring their families in India are well-protected. With the flexibility to pay premiums in INR or foreign currency, these policies are convenient and accessible. Some plans also offer added benefits like accidental death coverage. Tax advantages and the ability to manage policies online make Indian term insurance a practical choice for NRIs.

Term Insurance in India for NRIs in Qatar

For NRIs in Qatar, Indian term insurance plans are both affordable and comprehensive. Indian insurers understand the unique needs of NRIs and provide seamless online services for buying and maintaining policies. With options to pay premiums in INR or foreign currency and tax benefits under Indian laws, these policies offer great value. The global coverage ensures that families are financially secure, no matter where they are.

Term Insurance in India for NRIs in Singapore

NRIs in Singapore can benefit from Indian term insurance plans that offer global protection at highly competitive rates. These plans are designed with NRIs in mind and provide coverage for dependents in India, with flexible options and additional benefits like critical illness riders. The simple online process and tax-saving benefits in India make these plans a strong choice for long-term financial security.

Why Choose Policybazaar for Term Insurance Plan?

Policybazaar is a trusted online platform that simplifies comparing and buying term insurance plans from multiple insurers in one place. With transparent pricing, expert guidance, and easy-to-use tools, it helps users make informed decisions based on coverage, premium, and rider benefits. The platform also offers seamless digital documentation, 100% claim assistance, and customer support, making it a convenient and reliable choice for individuals seeking comprehensive life cover tailored to their financial goals and protection needs.

List of Term Insurance Plan in India- FAQs