A 25-year term life insurance provides coverage to the policyholder and his/her family for a limited term of 25 years. During this term, in case of the policyholder's unfortunate death, the insurer will payout the death benefit to the nominee of the policy. These plans can help you live a stress-free life knowing that your family will be taken care of in your absence.Read more
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A 25-year term life insurance policy in India provides financial protection to the policyholder’s family for a policy tenure of 25 years. In case of the policyholder’s unfortunate death during this term, the insurance company will pay the sum assured at death to the nominee of the policy. If the policyholder outlives the policy tenure, the term insurance plan will automatically expire and the policyholder will no longer be covered under the plan’s benefits. Hence if you want to continue being covered under the plan, you will have to either buy a new term plan or extend the policy tenure of your existing renewable/convertible term plan. 25-year term insurance plans usually have a lower premium rate due to their short policy tenure and people often buy these plans to secure their future until their dependants are financially independent.
Let us take a look at some of the benefits of a 25-year term plan in 2023
Large Sum Assured: You can secure your family with a large life cover up to Rs. 20 Crore. This payout can help your family pay their bills and child’s fees.
Long Life Cover: With a 25-year term insurance plan you can secure your loved ones for the 25-year policy tenure, but in case you want to continue the coverage under the same plan, you can extend the policy term in a convertible or renewable term plan.
100% Refund of Premium at No Cost Term Plan: You can opt for the 100% refund of premium at no cost term insurance plan and exit the plan early to receive all the premiums paid up until that point at no extra cost. These plans are a great option for those who are uncertain about their retirement age.
Enhanced Cover: You can enhance your 25-year term life insurance coverage by including any of the available riders in the term plan of your choice. You should always go through the list of available riders within each plan to see their inclusions and exclusions and select the one with the most comprehensive coverage.
Tax Benefits: You can avail of tax benefits under sections 80C and 10(10D) of the Income Tax Act of 1961.
Flexible Premium Payment: As per the policy details of the term plan of your choice, you can pay the premiums at your convenience. You can pay the premiums in a single premium or regular premium for the whole or limited policy tenure on a monthly, quarterly, half-yearly, or yearly basis.
Multiple Payout Options: Various term plans in India offer the choice to select the payout option of the benefit amount. You can choose for the benefit to be paid in a lump sum, monthly/regular income, or a combination of both i.e., a part of the amount is paid in a lump sum and the rest is paid in monthly installments.
Ease of Purchase: You can buy a 25-year term insurance plan in India 2023 from the comfort of your home online in just a few minutes. Not just that, but you can also search and compare available plans in India to find the most suitable term plan for yourself.
Here is a list of some important features of a 25-year term life insurance policy in 2023.
These plans provide financial protection coverage for the limited 25-year policy tenure.
The premium rates for these plans are lower than a regular term plan with a longer policy tenure.
These plans typically cannot be renewed unless the term plan is a convertible or renewable term plan, in which case the policy term can be extended.
During this term, if the policyholder suffers an unfortunate death, the nominee will receive the sum assured payable on death to take care of their financial obligations.
You can pay the premiums for these plans on a monthly, quarterly, semi-annually, or yearly basis for the regular or limited premium payment term.
You can customize the coverage of these plans by adding critical illness, waiver of premium, accidental death benefit, accidental total permanent disability, and hospicare benefit riders to the base plan.
You can avail of tax benefits as per the prevailing tax laws under these plans.
Listed below are the best 25-year term life insurance plans in India for the year 2023:
Let us take a look at the eligibility conditions you need to satisfy to purchase a 25-year term insurance in India
|Term Life Insurance Plans||Entry Age||Maturity Age||Sum Assured|
|ICICI Pru iProtect Smart||18 - 65 years||99 years||25 Lacs - 10 Crores|
|HDFC Life Click 2 Protect Super||18 - 65 years||85 years||50 Lacs - 20 Crores|
|Max Life Smart Secure Plus||18 - 65 years||85 years||-|
|Tata AIA SRS Vitality Protect||18 - 65 years||100 years||50 Lacs - 2 Crores|
|Bajaj Allianz Life e-Touch||18 - 65 years||99 years||50 Lacs - No Limit|
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Here is the detailed list of benefits and features of the best 25-year term insurance policy in India:
The plan provides enhanced cover against death, terminal illness, and disability
You can increase the base coverage of the term plan by including accidental death benefits and accelerated critical illness benefit riders
The plan offers special premium rates for female and non-smoking customers
You can choose for the payout to be paid in a lump sum, monthly income for 10 years, or a combination of both
You can select to pay the premiums for the whole, limited, or single premium payment term
This term plan offers 3 plan options: Life, Life Plus, and Life Goal
In case of accidental death during the policy term, an additional amount will be payable
The waiver of premium rider provides coverage against critical illness and disability during the policy tenure
You can choose for the death benefits to be paid in installments
The plan allows you to increase the sum assured by 200% with its life goal option
The plan offers 4 additional optional benefits you can choose from: accelerated critical illness benefit, accident cover, joint life, premium break, and voluntary sum assured top up
The plan provides two life cover options: life cover and increasing life cover
You can receive all the premiums paid at the end of the policy term with the term return of the premium variant of the plan
You can exit the plan at a specific point and receive all the premiums paid with the special exit options of the plan
Under this plan, you can cover your spouse with its joint plan cover option
You can select from the Term or Term return of premium option within the plan
Get a free health check-up within the plan every year
The plan offers an inbuilt wellness protection program
Receive a renewal premium discount and cover boosters up to 15% as per the Tata Vitality Wellness Status
You will be eligible to receive a 5% discount on the first year’s premiums
You can choose from 3 plan options: Life Shield, Life Shield Plus, and Life Shield ROP
The plan offers extra payout in case of death due to an accident
The premium holiday option lets you skip premium payments for up to 3 years
You can exit the plan early with the early exit option of the plan and receive all the premiums paid until that point
You can pay the premiums for the whole, limited policy term, or till retirement
Here is a list of people who can benefit from buying a 25-year term life insurance policy in 2023:
People who are looking for pure life protection for a period of 25 years at really affordable premium rates
Parents who want to secure their children’s future until they become financially independent
Individuals with dependent parents and in-laws can make sure that the dependants can use the payout to pay for their medical emergencies in the policyholder’s absence
Married people with a dependent spouse to secure their future in case of their unfortunate death
People who have opted food a home loan or any other debts can ensure that the family isn’t burdened with the loan repayment in case of their unfortunate demise
You can buy 25-year term life insurance in India online from the comfort of your home in just a few simple steps:
Step 1: Go to the Term life insurance page
Step 2: Enter your basic information like name, gender, date of birth, and mobile number
Step 3: Click on ‘View Plans’ to see the available plans and fill in your occupation type, annual income, smoking habits, and educational background
Step 4: Select the most suitable plan and proceed to pay
A 25-year term life insurance is the best option for people who want to financially secure the lives of their loved ones in case of an eventuality. These plans are available at low premium rates and provide a death benefit to the nominee of the policy in case of the policyholder’s unforeseen death.
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