Take a Term Insurance Policy for Covering Future Risks

Terms Insurance policies are meant to cover the risk of your family members after your death. These plans are available at an affordable rate of premiums. But most of the individuals get confused before taking any plan because there are thousands of term insurance plans in India and it is difficult to choose the best of them. Therefore, you see the list of some policies and decide the best term insurance policy for yourself. Securing your family’s future risk early is a smart and effective move. So you must explore all the plans and see each and every detail of them to make a better choice.

Best Term Insurance Policies

Explore the 5 best term insurance plans and see how they can help your family after you. All the plans given below are available at an affordable premium that would make it easier for you to choose any one of them.


  1.  Aegon Life iTerm Insurance Plan
  2.  ICICI Prudential iProtect Smart Term Insurance Plan
  3.  SBI Life eShield Term Insurance Plan
  4.  HDFC Life Click 2 Protect Term Insurance Plan
  5.  MaxLife Online Term Plan Plus

Aegon Life iTerm Insurance Plan

Aegon is one of the known insurance companies that have a number of term insurance plans. iTerm Insurance plan will be suitable for you as it will cover all types of financial risks after you. The customer support team of this insurance company is also commendable and is always ready to solve the grievances of the customers. So, you must explore all the features of this policy.


  •  96.45% is the claim settlement ratio of this company.
  •  The Lowest premium at which you can take the plan is INR7970.
  •  The maturity age of this policy is 100 years.
  •  Policy takers can decide accidental death benefits and critical illness benefits.
  •  You can pay the premium of this policy monthly, yearly, or quarterly.

ICICI Prudential iProtect Smart Term Insurance Plan


In this policy, you can cover 34 types of critical illnesses with a sum of 2 Crores. You can buy the plan online without any burden of unnecessary paper-work. The premiums of this policy are also available at an affordable price.


  •  98.58% is the Claim Settlement Ratio of this company.
  •  You will have to pay the premium amount of INR 9363.
  •  This insurance plan also covers the terminal illnesses.
  •  Individuals between the age group of 18 years to 65 years can take this term insurance policy.
  •  The maturity age of the term plan is 75 years.

SBI Life eShield Term Insurance Plan

This term insurance plan is also available online and at a very nominal premium. You can secure the future risks of your family through this insurance policy. Explore the other features of this policy.


  •  95.03% is the Claim Settlement Ratio of this policy.
  •  The Premium of this policy is INR 10950.
  •  This term insurance plan is available online.
  •  70 years is the maturity age of this policy.
  •  The age for taking this policy is between 18 years to 65 years.

HDFC Life Click 2 Protect Term Insurance Plan

HDFC Life Click 2 Protect Term Insurance Plan can be the best term insurance policy for you. As this policy is available online so you don’t have to visit the branch to take the policy. Go through the characteristics of this term insurance plan.


  •  99.04% is the Claim Settlement Ratio of this Term Insurance Plan.
  •  INR 11678 is the premium of this policy.
  •  This policy has four options and those are Life option, Extra Life Option, Income Option, and Income Plus Option.
  •  The Maturity Age of this term insurance policy is 75 years.
  •  INR 10 Lakhs is the minimum sum insured in this policy.

MaxLife Online Term Plan Plus

The MaxLife Online Term Plan Plus is available online at a very reasonable rate of premiums. A small amount of premium will cover the major risks of your family after you. So, you must not kiss the salient features of the plan.

  •  98.74% is the Claim Settlement Ratio of this Insurance plan.
  •  INR 12272 is the Premium of this insurance policy.
  •  This policy has 4 coverage options and they are Basic Life Coverage and Basic Life Coverage with Monthly Income.
  •  70 Years is the maturity age of the policy.
  •  INR 25 Lakhs is the minimum sum insured in this policy.

Conclusion

After going through all the term insurance policies, it will be easy for you to decide the best plan for yourself. You can compare the premiums, Claim Settlement Ratio, and maturity age of every policy before taking any plan. So now you should cover your family risks before it is too late because the life of every individual is uncertain.

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