Life Insurance

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List of Life Insurance Plans in India 2025
Rhishabh Garg
Written By: Rhishabh Garg
Rhishabh Garg
Rhishabh GargTerm Insurance Head
Rhishabh Garg is the Business Unit Head of Term Insurance at Policybazaar.com. He has over 10 years of experience and currently plays a crucial role in shaping the future of term insurance in the company. Rhishabh also has experience in customer services and crafts new strategies for organizational success, one of which is Policybazaar’s claim assistance program.
Santosh Agrawal
Reviewed By: Santosh Agrawal
Santosh Agrawal
Santosh AgrawalChief Business Officer
Santosh Agarwal is the Chief Business Officer- Life Insurance, Policybazaar.com and has over a decade of experience in the domain of insurance. She has helped shape the life insurance vertical of Policybazaar and ensures the effective execution of the company's overall strategy. Santosh is also responsible for the Term Insurance for Women domain in Policybazaar.com and educates the mass about its importance and benefits.

What is a Life Insurance? Meaning & Definition

Life insurance is just like an investment for your family’s future. It is a contract between a policyholder and an insurer where the policyholder pays premiums for the plan chosen. In return, an insurance company promises an assured sum of money to the beneficiary of policy upon the policyholder’s unforeseen death. This, it’s important to choose a good life insurance plan catering to your preferences and needs.

There are life insurance plans like insurance plans that help you achieve desired financial goals, and Term Insurance Plans that provide affordable and comprehensive coverage, ensuring financial security for your loved ones in case of unforeseen events. If you are new to investing, you can get expert advice from IRDAI certified insurance advisors to make an informed decision.

Insurance Plans

TERM INSURANCE

Life Cover For Family’s Protection

Ensure your family's financial protection with Term Insurance. Get a large sum assured at affordable premiums. The amount is paid to your family/nominee in case of an unfortunate event during the policy known as ‘term’, providing them with reliable financial support in case of your absence.

  • Return of Premium
  • Critical Illness Cover
  • Tax Benefits
  • Affordable Premiums

INSURANCE PLAN

Life Cover With Wealth Creation

Choose an Investment Insurance Plan to fulfil financial goals like providing higher education for your child or ensuring stable income post-retirement. Idle for someone looking to generate wealth while getting long-term protection via in-built life cover.

  • Long-Term Wealth Growth
  • Guaranteed Payouts
  • Tax Benefits
  • Return of Premium

What are the Different Types of Life Insurance?

There are only two types of life insurance plans: term insurance (protection plans) and insurance plans. Let's explore their different variants.

Term Insurance

term insurance
Term Insurance plan

Term insurance is one of the simplest and purest types of protection plans. This plan pays your family members a fixed amount of money (sum assured) in case of your demise during the policy term. Term plans provide high life cover at a low premium rate. For example, 1 crore life insurance cover can be availed at just Rs 487/month. Since this is a pure protection plan, it doesn’t pay any payout if you outlive the policy duration.

trop
Term Return of Premium (TROP)

TROP(Term Return of Premium) is a variant of term insurance that offers a Maturity benefit in the form of all the premiums paid being returned (excluding GST) at the policy's maturity. In case of the policyholder’s death during this term, the death benefit will be paid to the nominee as usual.

whole life
Whole life Insurance

Under Whole Life Insurance, the policyholder is covered till the age of 99/100 years. If you want to leave a legacy for your family, and ensure that they are always financially covered, then Whole life Term Insurance is the right option for you.

Investment Insurance Plans

ulip
Unit Linked Insurance Plan (ULIP)

ULIPs or Unit Linked Insurance Plans, are insurance products that provide you with dual benefits of insurance and investment. They allow you to invest a larger portion of your premium in insurance funds while also providing life insurance coverage. This dual-purpose approach makes ULIPs a good option for people looking for insurance protection and investment growth.

Key Features & Benefits of Life Insurance Policy

After understanding the basics of insurance, let’s get into the detailed features and benefits of an insurance policy:

  • Financial Security

    The primary benefit of an insurance policy is that it offers long-term financial protection to the policyholder’s family in case of an eventuality, like death, disability, or illness. You can buy the term insurance policy or insurance plans to secure your family’s financial future.

  • Maturity Benefits

    Depending on the type of life insurance policy, insurers may offer the applicable benefit amount as maturity benefit at the end of the policy term. The maturity amount in different plans, like term return of premium plans, can also be the return of premiums paid throughout the policy tenure.

  • Death Benefit

    In case of any unfortunate event with the policyholder, the insurer provides financial benefit in the form of a death payout. The appointed nominee receives the entire sum assured plus the bonus accumulated over time.

  • Flexible premium payment option

    Policyholders can choose the frequency of premium payments as per their requirements. For example, you can choose to pay premiums as a lump sum amount or pay them at periodic time periods like monthly, quarterly, half-yearly, or yearly. You should use a life or term insurance calculator to estimate the approximate premiums for your policy.

  • Tax Benefits

    Policyholders can claim life insurance tax benefits on the premiums paid under sections 80C and 80D. They can also claim tax exemptions under section 10(10D) as per the prevailing tax laws.

  • Riders

    Riders such as critical illness rider, waiver of premium rider, etc. are add-ons to your current base plan, which help customize the insurance policy according to your specific needs.

  • Loan Facility

    Certain life insurance plans provide the option of a loan and allow the policyholder to borrow some percentage of the plan value or the sum assured, depending on the policy T&Cs.

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How Does Life Insurance Policy Work?

While buying any type of life insurance plan, it is important for you to understand how life insurance works and how your nominee can get the policy benefits. To understand more that how it will help on deciding the payment frequency, payout and sum assured, let’s discuss in 3 steps:

Step 1: Buy Life Insurance

When buying a life insurance plan, it is important to consider the below factors:

Life coverage amount you need 

Type of life insurance plans that will fulfill your financial needs

Premium amounts that you will pay. For example, term insurance calculator helps you calculate the premiums to buy term insurance plan. 

Riders that helps you get a enhanced financial cover. 

Comparsion between different life insurance quotes of different companies.

Step 2: Premium Payment

The life insurance premium depends on some factors, such as type of plan you bought, policy term, premium payment term, your gender, your age, the insurer selling the plan, and your overall health, family history, and wellness.

To calculate term insurance plan premiums, you can use term insurance calculator 

Step 3: Claims

In life insurance claim, if the life assured passes away during the policy term, a death benefit is paid to the assured’s appointed nominee pre-specified by the insurance company. This claim can be submitted online using text messages, phone, email or in person at the insurer's branch office. In order to fasten the claim processing, it is a good idea to notify the insurance company once the required documentation is done. Always research about the claim settlement ratio of an insurer before buying a life insurance plan. This suggests the possibility that your death claim will get resolved.

Why It is Important to Buy a Life Insurance Plan?

  • 01 Financial support to family:

    If you have a partner and children, building a shield for them becomes crucial. You always want to protect them from financial burdens in case of your unforeseen death. With life insurance, you can also get good returns by investing in some of the plans.

  • 03 Debt Protection:

    Big loans, like mortgages, are common in life. But what if you pass away before paying them off? Life insurance can protect your family from inheriting that debt burden. It can pay off the loan, ensuring your loved ones keep their home and financial stability. Also, with the Married Women's Property Act, creditors can't touch that money.

  • 04 Peace of Mind:

    Life can be unpredictable, but a life insurance policy provides a safety net for your loved ones when the unexpected happens. It's a secure way to safeguard their financial future, offering you peace of mind and easing your worries about their well-being.

  • 06 Financial Planning for Life:

    Life insurance is more than just protection—it's a protection tool for achieving your financial goals. Whether you're planning for retirement, your child's education, or any other milestone, there's a life insurance plan that can help you get there.

  • 07 Assured Income for Retirement:

    Buy life insurance with a built-in savings plan. Options like pension and annuity plans provide steady, reliable growth, ensuring a secure financial future when you retire.

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Life Insurance Plan Helps You At Every Life Stage - From your First Job to your Golden Years

Life insurance plays a crucial role in securing your financial future, from your first job to your retirement years. Below mentioned are some of the scenarios where having a life insurance policy will help you:

  • 01 When You Start your first job

    Entering the workforce comes with many dreams and aspirations—buying a car, upgrading your phone, or going on holidays with friends. A Unit-Linked Insurance Plan (ULIP) offers both life coverage and an opportunity to grow your wealth, providing financial security for your family in case of any unforeseen events.

  • 02 When You Get Married

    Marriage introduces new shared responsibilities, such as buying a home or managing joint finances. A term insurance plan ensures life cover and safeguards your family's financial future, securing your assets in case of an unfortunate event.

  • 03 When You Become a Parent

    Having children brings immense joy but also new financial needs, like education and everyday expenses. Life insurance ensures that your children’s future is protected, covering these essential costs even if you're no longer around.

  • 04 When You plan for Retirement

    As you approach your golden years, life insurance becomes vital for securing a comfortable retirement. Pension and annuity plans provide a reliable income stream, while other life insurance options can help you leave a legacy for your loved ones.

Who Can Buy a Life Insurance Policy?

Individuals between the ages of 18 and 65, who are Indian citizens or NRIs, with the financial ability to pay premiums, can buy life insurance policies. To buy term insurance in India or NRI term insurance you need to provide necessary documentation and accurate medical conditions before buying a life insurance policy. It's essential to understand policy terms and conditions and disclose information truthfully during the application process.

  • Working Individuals

    People who have salaried jobs can buy life insurance plans at affordable premiums. This allows salaried individuals to ensure the financial safety of their dependents in the event of their unfortunate demise.

  • Married Couples

    People who are newly married or have a dependent spouse can buy life insurance for their spouse or a policy with joint cover to secure their spouse’s financial future in their absence.

  • People with Kids

    Parents are often worried about the future of their kids, and a life insurance plan can help provide them peace, knowing that their kids will be able to fulfil their dreams and get higher education in their absence with a death or maturity benefit payout.

  • Housewives

    Now housewives can buy term insurance for housewife using their husband’s income proof and ensure the financial security of her loved ones in the event of her unfortunate demise. These plans offer a large life cover at affordable premiums.

  • NRIs

    Many insurers provide life or term insurance for NRI to help Non-Resident Indians secure their family living back in India. Apart from the NRIs, PIOs (Persons of Indian Origin), OCIs (Overseas Citizens of India), and Foreign Nationals can also buy insurance policies via tele or video medicals in India.

  • Retirees

    Retirees may find it difficult to maintain their financial freedom after the end of their monthly income. In such cases, a life insurance pension plan can provide them with the required monthly income during their golden years.

  • Business Owners

    Business owners or self-employed individuals usually take loans to start their business. However, in such cases, if they suffer an untimely death, the family might be burdened with the remaining loans. A life insurance payout can help them pay off any remaining debts and loans.

  • People with Debts

    People with outstanding loans and debts can consider buying life insurance, as it eases the financial burden that may fall on their shoulders in your absence and allows them to pay off the remaining loans with the benefit amount received. In case you outlive the policy, you can use the amount to pay off the existing loans yourself.

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Insurance for High-Risk Jobs, Differently Abled & Other Groups

An insurance policy benefits some other groups of individuals in addition to the ones discussed above.

  • 01 Differently abled people

    Differently abled people can also buy an insurance plan. However, they need to undergo some specific medical tests before buying an insurance policy.

  • 02 People with pre-existing medical conditions

    If you have pre-existing medical conditions, you can also get the financial security and insurance policy offers. Just keep in mind that you need to be fully transparent about your health conditions while buying an insurance plan.

  • 03 People with high-risk occupations

    If you have a high-risk job, you can still buy a policy and secure your loved ones. Premiums for your insurance could be higher than others. You also need to disclose fully the nature of your occupation and the types of risks involved. For example, military personnel can buy life insurance for armed forces personnel.

  • 04 Smokers

    Smokers face certain health risks. And that’s why securing your family’s future is a wise decision. Make sure that you transparently inform the insurance company about your lifestyle habits.

Importance of Purchasing Life Insurance for Different Age Groups

How to Choose the Right Life Insurance Plan?

  • 01 Determine your financial needs

    Don't just follow the crowd! Everyone's financial situation is different. Take the time to assess your own needs and goals before choosing a life insurance plan.

  • 02 Reliability of Insurance Provider

    You're making a long-term commitment, so choose a reputable insurance company with a strong financial track record.

  • 03 Check the Claim Settlement Ratio

    This tells you how good the insurer is at paying out claims. A higher ratio means a greater chance your family will receive the benefits.

  • 04 Look at the Solvency Ratio

    This indicates the insurer's financial health. A higher ratio means they're more likely to be around to fulfill their promises.

  • 05 Affordable Premiums

    Life insurance shouldn't break the bank. Compare premiums to find a life insurance plan that offers the right value for your money.

  • 06 Customer Feedback

    See what other customers have to say about their experiences with the insurer. Online reviews and recommendations can be helpful.

  • 07 Claim Settlement Ratio (CSR)

    CSR is the number of claims that an insurer receives annually vs the number of claims settled in a year. The higher the CSR, the more reliable is the insurance company, thus a lower chance of getting claims rejected.

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How Much Life Insurance Do You Need?

Life is unpredictable, and ensuring your family’s financial security in your absence is a important. Have you considered how they would manage daily expenses like EMIs, groceries, education, and future milestones like marriage and higer studies? Would your savings be enough to sustain them for years to come? If these concerns cross your mind, life insurance is the right way to safeguard your family’s future.

Choosing the right coverage amount is essential to ensure that your loved ones remain financially stable without putting a strain on your budget. A life insurance calculator can help you determine the ideal sum assured based on your income, liabilities, and long-term financial goals. Experts suggest that your life cover should be at least 10 times your annual income to provide adequate protection for your family.

Things To Consider Before Selecting Life Insurance Cover

  • 01 Goals

    Before purchasing life insurance, clearly define your objectives. Your needs may differ—while you might prioritize protecting your family, others might focus on retirement planning. Evaluate your goals carefully and choose a plan that aligns with your priorities and offers the most relevant benefits.

  • 02 Age

    Your age and health significantly influence the coverage and premium of your policy. Younger individuals typically benefit from lower premiums and easier access to policies due to better health. It’s advisable to invest in life insurance early to secure affordable rates and comprehensive coverage.

  • 03 Financial Liabilities

    Consider your debts and financial obligations when determining your coverage. Ensure your sum assured is sufficient to cover loans, credit card dues, or other liabilities. This protects your loved ones from financial stress and ensures they can maintain a dignified lifestyle.

  • 04 Regular Source of Income

    Life insurance can provide a steady income for your dependents, replacing your earnings in your absence. This income can help them manage daily expenses and handle unexpected emergencies, making it an essential consideration for both salaried and self-employed individuals.

  • 05 Remaining Working Years

    Estimate your remaining working years to determine the amount of investment and coverage required. This will help you select an adequate sum assured to meet your family’s future needs. If planning for retirement, align your investment decisions with your preferred retirement age for a secure future.

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Do’s and Don’ts of Life Insurance Policy

Why Women Should Consider Investing in a Life Insurance Plan?

Like men, women should also consider buying a life insurance plan because of its necessity these days. Irrespective of gender, insurance acts as an online financial tool for various reasons such as:

  • 01 Protection for Spouse & Children

    Life insurance provides financial security to your spouse and children, ensuring they can maintain their lifestyle, cover daily expenses, and fulfill long-term goals like education.

  • 02 Leaving a Legacy

    A life insurance policy helps you leave behind a financial legacy for your loved ones or even a charitable cause, securing their future.

  • 03 Replacement for Income Loss

    If you contribute financially or manage household responsibilities, life insurance helps cover the financial gap in your absence.

  • 04 Affordable Premiums for Women

    Many insurers offer lower premiums for women compared to men, making it a cost-effective financial tool.

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What Are Different Types of Riders in Life Insurance?

  • 01 Critical Illness Rider

    This covers you against the mentioned critical illnesses in the brochure and in case of diagniosis of any of these illnesses, you will get the lumpsum amount. This helps you cover expenses related to illnesses andv dealing with your income loss.

  • 02 Waiver of Premium Rider

    In case of permanent disability due to an accident, no future premiums have to be paid and the life cover stays intact.

  • 03 Terminal Illness Rider

    If you are diagnosed with a terminal illness, entire life cover will be paid to the nominee immediately.

  • 04 Accidental Death Benefit Rider

    This benefit pays your family an extra amount if your death is caused by an accident.

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What are the Factors that Affect Life Insurance Premium?

Here is a list of some factors that affect the life insurance premium amount:

  • 01 Sum Assured

    The higher sum assured results in higher premiums.

  • 02 Age

    Older people generally pay higher amount of premiums compared to younger people.

  • 03 Gender

    Male and female have different life expectancies and related health risks. Females tend to live longer, thus have to pay lower premiums than male

  • 04 Medical History

    Medical disease history increases the risk for insurance companies and increase the premiums. On the contrary, a clean track record of medical history results in higher premiums.

  • 05 Lifestyle

    Lifestyle habits like drinking alcohol, smoking, chewing tobacco, and vaping increase the risk for health and result in higher premiums.

  • 06 Occupation

    Occupation includes higher risk, like police forces, defence, contruction, mining, and others, which may result in higher premiums because of an increased exposure to occupational hazards.

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Can I Buy Multiple Life Insurance Policies?

Yes, you can buy more than one life insurance plan. The final decision to buy more than one life insurance plan depends on your situations, goals and finances. Having multiple plabs provides you broad coverage and coverage for more risks. Also, if the claim of one plan is rejected or the coverage is inadequate, the other life insurance policy can become a financial cushion for your family.

With multiple plans offering enhanced life coverage, they also results in increased premiim that might come in between your financial objectives. But this should be noted that managing several plans can be complicated and increase the chances of missing premium payments, thus leading to policy lapse.

What are the Payout Options Available in Life Insurance?

Let us take a look at the following payout options available in life insurance:

  • 01 Lump Sum Payout

    Most life insurance provides the option of receiving the benefit amount in a single lump sum payout. This can help your family pay off any remaining loans or debts.

  • 02 Monthly Income Payout

    The monthly income payout option helps your family receive monthly income in your absence, which can act as your income replacement in your absence.

  • 03 Lump Sum + Monthly Income

    The lump sum + monthly income option pays a part of the total sum assured as a lump sum, and the remaining is paid in monthly installments over a period of time.

  • 04 Increasing Monthly Income

    The increasing monthly income option pays the total sum assured in monthly installments increasing at a fixed rate every year for a fixed period of time.

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Steps to Buy Life Insurance Plan From Policybazaar?

Step 1: Visit Policybazaar Life insurance and fill the application form 

Step 2: Enter details such as gender, name, age, mobile number and country. Click on ‘View Quotes’ 

Step 3: Choose an insurance company with a good track record and customer support, fast claim settlements and an easy claim process. 

Step 4: Choose the policy term and sum assured for your plan wisely. Check the premium amount if it fits within your pocket. 

Step 5: Submit all the requested documents. 

Step 6: Pay premiums online.

Why Choose Policybazaar to Buy Life Insurance Plans?

  • 01 Dedicated Claim Support for Your Family

    Policybazaar ensures a hassle-free claims process for your loved ones. A personal claim handler will assist your family when the nominee applies for a claim, providing guidance and support at every step.

  • 02 Transparent and Reliable Service

    To ensure transparency, 100% of our calls are recorded, reducing the chances of mis-selling. Additionally, our expert advisors, available in 110+ cities, are ready to assist you with plan details and documentation right at your doorstep.

  • 03 Easy Refund Process

    Policybazaar offers a simple and hassle-free refund process if you're unhappy with your purchase. You can cancel your policy with just a click, and our team will assist you in managing the cancellation and refund quickly.

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What are the Important Documents to Buy a Life Insurance Policy?

How to File a Claim for Your Life Insurance Policy?

Filing a claim for your life insurance policy is a simple process. You can do this online, via phone, email, or by visiting a branch. Follow these steps to ensure a smooth claim process:

  • 01 Notify the Insurance Provider

    Inform the insurer about the claim by using any of the following methods:

    • Visit the Claims section on the insurer's website.
    • Call the customer service helpline of the insurance provider.
    • Send an email to the claims support team.
    • Submit the claim in person by visiting the nearest branch office.
  • 02 Submit Required Documents

    Prepare all necessary documents for the type of claim you are filing:

    For Death Claims:

    • Death certificate of the insured.
    • KYC documents of the nominee (e.g., Aadhaar card, PAN card, or any other ID).
    • Hospitalization documents, if applicable.
    • FIR or police report in case of accidental death or suicide.
    • A cancelled cheque for account verification.

    For Maturity Claims:

    • Original policy certificate.
    • KYC documents of the policyholder.
    • A cancelled cheque for account verification.
  • 03 Claim Review and Settlement

    Once you submit the documents, the insurance company will review them. If all documents are in order, the settlement will be processed promptly.

What are the Types of Deaths Not Covered in Life Insurance?

Let us take a look at the types of deaths not covered in life insurance:

  • 01 Death due to Suicide

    Death because of self-inflicted harm or doing suicide within a specific duration from the inception of policy or policy revival are not covered.

  • 02 Death due to Homicide

    Death because of homicides where the nominee is involved might not be covered

  • 03 Death due to criminal/high-risk activities

    In case you are involved in illegal or criminal activities, the insurer will not pay the nominee the death benefit on your untimely death. Not only that, death caused due to high-risk sports will also not be covered.

  • 04 Death due to Pre-existing illnesses

    Death due to pre-existing illness is usually not covered in life insurance. This is why, most insurers require you to declare any pre-existing illness you might have at the time of policy purchase.

  • 05 Death due to intoxication

    In case the policyholder passes away due to overdose or intoxication, the insurer will not provide any benefit amount to the nominee of the policy. Death due to driving under the influence of alcohol is also not covered.

  • 06 Death due to Pregnancy or Childbirth

    Most life insurance plans do not cover deaths caused during pregnancy or childbirth. However, it is better to check the policy documents to get a clear idea of the types of deaths covered under a life insurance plan.

When you Should Revisit Your Life Insurance Policy?

Here is a list of four times you should revisit your life insurance plan:

  • 01 When you get married

    Marriage often means shared financial responsibilities. It’s important to ensure your life insurance policy covers both partners and secures any joint assets, like a home.

  • 02 When you have children

    Children bring new financial obligations, from education to daily expenses. Revisiting your policy ensures your coverage is adequate to protect their future, even if you’re not around.

  • 03 When you take a heavy loan

    Taking on a large loan increases your financial liabilities. It’s essential to update your life insurance to ensure it can cover any outstanding debts and protect your family’s financial stability.

  • 04 When you dependents face medical issues

    If a dependent faces serious health concerns, your financial responsibilities may increase. Reassessing your life insurance ensures you have the coverage needed to handle rising medical costs and provide long-term support.

Life Insurance Terminologies You Should Know

  • 01 Policyholder

    The individual who purchases the life insurance policy and pays the premiums. If you are buying an insurance plan, you are the policyholder and you promise the insurer to pay premiums as per the policy terms.

  • 02 Insurer

    It’s the insurance companies from which you buy the life insurance policy. The insurer guarantees you a sum assured as part of the contract with the policyholder and settles claims.

  • 03 Premiums

    The premium is the price of the life insurance policy you pay to the insurance company. Depending on your plan, you could choose to pay the premium monthly, half-yearly, annually, etc.

  • 04 Exclusions

    Exclusions in life insurance are a list of things not covered under the plan. These exclusions differ from plan to plan and are decided by the insurance company.

  • 05 Life Insurance Coverage Period

    Life insurance coverage period is the duration of your life insurance plan. You can decide the coverage period while buying the life insurance policy.

  • 06 Nominee(s)

    The nominee or nominees refers to the person or persons who will receive the death benefit amount in case of the policyholder’s demise.

  • 07 Riders

    Riders are add-ons to your life insurance plan that enable you to customize the plan as per your needs. Some of the most commonly purchased riders are terminal illness riders, accidental death and permanent disability rider, waiver of premium rider, etc.

  • 08 Death Benefits

    Death benefit is the amount of money the insurer pays to the nominees in case of the life insured’s death. It’s also called sum assured payable on the policyholder's death during the policy tenure.

  • 09 Maturity Benefits

    Also known as Survival Benefit, it’s the total amount that the insurance company pays when the policyholder outlives the policy term. The insurer pays the maturity benefit amount when the policyholder completes the pre-defined policy term.

  • 10 Sum Assured

    It’s the sum amount the insurance company pays to the nominee in case of the life’s insured's death. Sum assured is also called a life cover or death benefit.

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Reviews & Rating
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What our customers had to say about our term insurance plans:
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Saanvi
Chennai, February 19, 2025

Peace of mind with TATA AIA Term Plan

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Ahmedabad, February 19, 2025

Helps with financial planning

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Pune, February 19, 2025

Stress free experience

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Ahmedabad, February 19, 2025

Good support for policy comparison

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Kolkata, February 19, 2025

Excellent for retirement planning

"This plan helps me plan for retirement while keeping my family secure."

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Chennai, February 19, 2025

Reliable coverage at a good price

"I got comprehensive coverage at an affordable premium."

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Diya
Ahmedabad, February 19, 2025

Best term plan marketplace

"PolicyBazaar offers the best term plan options in one place."

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Pune, February 19, 2025

Transparent terms and conditions

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Delhi, February 19, 2025

Clear and simple terms

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Pune, February 19, 2025

HDFC Term Plan is a wise choice

"HDFC Term Plan from PolicyBazaar gives me great coverage, and the premiums are affordable."

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Disclaimer+

˜Top 5 plans based on annualized premium for bookings made on 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. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the IRDAI approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Current Version
Feb 11, 2025
Written By
Rhishabh Garg
Reviewed By
Santosh Agrawal
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