34+ Plans | 16+ Insurers | Save upto 50%
  • Rs. 1 Crore
    Term Cover @Rs 16/Day
  • Tax Benefits
    Under Section 80C & 10(D)
  • Extra Benefits
    Accidental, Terminal & Critical Illness
  • 7 Lac+
    Families Secured
*Please note that the quotes shown will be from our partners
*savings provided by insurer

Top Online Term Plans In 2016-17

Term insurance provides financial security to the family in case of sudden demise of the bread earner. In today’s internet driven world, many companies have adopted the online mode of selling insurance which turns out to be win-win for both the insurance company and the buyer. Insurance companies save on operational costs and commissions given to agents for the structure of online plan relies on direct selling. This cost benefit is passed on to the buyer too, who can now get more coverage by paying a lower premium. Apart from this, a buyer also enjoys:

  • Hassle free experience
  • Instant policy issuance
  • Transparent process

Well, with so many options of terms plans floating in the market it might get a little nerve-wrecking to decide the right one. Here we bring a comparison table of term plans to facilitate an informed choice.

Company Name          

Product Name

Minimum-Maximum Policy Tenure

Minimum- Maximum Entry Age

Sum Assured

Frequency of Paying Premium




10-35 years

18-60 years

Minimum = Rs 25 lakh and Rs 50 lakh for aggregate category and non-smoker respectively.


Maximum= No limit


Rs 9850 for 'Aggregate Category

ICICI Pru Life


10-30 years

20-65 years

Minimum= On the basis of minimum premium.


Maximum= No limit on maximum sum assured

Regular Pay, Yearly, Half-yearly and Monthly
One Pay: Single Premium

Minimum Rs 2400

Kotak Life

Preferred e-term

10-40 years

18-65 years

Minimum= Rs 25 lakh


Maximum= No limit

Regular, Limited & Single Pay

Rs 4931 annually inclusive of taxes

Canara HSBC


5-40 years

18-70 years

Minimum= Rs 25 lakh


Maximum= Rs 1 crore


Rs 6385 annually for sum assured Rs 1 crore and term 20 years

Tata AIA Life


10-40 years

18-70 years

Minimum= Rs 50 lakh

Maximum= No limit subject to underwriting (in multiples of Rs 1 lakh)

Regular, Limited Pay and Single Pay

Rs 5073 annually for regular premium payment term


Click 2 Protect Plus

10-30 years

18-55 years

Mimum= Rs 10 lakh

Maximum= Rs 10 crores


Rs 6000/year

Bajaj Allianz


10-25 years

18-60 years

Minimum= Rs 25 lakh

Maximum= No limit


Monthly, quarterly, half yearly and yearly

Rs 1500 minimum installment premium/yearly

Bharti AXA


10-60 years

18-75 years

Minimum= Rs 25 lakh

Annual and semi- annual modes

Rs 4300

SBI Life


5-30 years

18-70 years

Minimum= Rs 20 lakh

Maximum= No limit


Minimum Rs 3500


Reliance Online Term

10-35 years

18-55 years

Minimum= Rs 25 lakh

Maximum= No limit


Rs 4346 including taxes

*Above premium rates are computed for a 30-year old married man earning Rs 5 lakh/annum and looking for Rs 50 lakh coverage of 30-year policy tenure.

As premium rates may change from time to time and new policies might come in the market we strongly recommend that you compare plans on PolicyBazaar before buying.

Choose Wisely and Secure the future of your family today!