Prices Increasing Soon
Term insurance is the pure protection life insurance plan that provides financial protection to your loved ones. With a term plan, you can receive a large amount of life cover called sum assured at a comparatively low premium rate. The benefit amount is then paid out to the nominee/beneficiary in case of the policyholder’s demise during the policy term.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
The Indian insurance space has a number of ideal options for you with the flexibility to choose the payout and coverage options. Let us look at the term life insurance plans that offer coverage of 50,000.
Note: Know more about what is term insurance first before reading this article.
Term Plans
Earlier, most term life insurance policies were available for a minimum life cover of Rs. 25 Lakhs. To opt for such a high cover, insurance companies generally require buyers to have a yearly income of Rs. 3 lakhs to 5 Lakhs. Therefore, a major population of India doesn’t qualify for term insurance plans. However, with the introduction of various plans offered by Bharti AXA, Exide, HDFC, etc. which allows a minimum life cover of Rs. 50,000, more companies are designing policies to offer term life insurance plans with low life cover.
| Name of the Insurer | List of Term Life Insurance Over 50,000 Plans | Claim Settled Amount (cr) | Entry Age | Maximum Maturity Age | |
| Aditya Birla Sun Life Insurance Company Limited | ABSLI Income Suraksha Plan | 458 | 21-55 years | 70 years | |
| Aviva Life Insurance Company India Limited | Aviva Signature 3D Term Plan | 98 | 18-65 years | 80 years | |
| Bajaj Allianz Life Insurance Company Limited | Bajaj Allianz eTouch | 603 | 18-55 years | 99 years | |
| Bandhan Life Insurance Limited | Bandhan Life iTerm Prime | 86 | 18-65 years | 70 years | |
| Bharti Axa Life Insurance Company Limited | Flexi Term Pro | 148 | 18-65 years | 99 years | |
| Canara HSBC Life Insurance Company Limited | Canara Young Term Plan | 186 | 18-45 years | 99 years | |
| Edelweiss Life Insurance Company Limited | Edelweiss Life Zindagi Plus | 59 | 18-65 years | 80 years | |
| Future Generali India Life Insurance Company Limited | Future Generali India Term Insurance Plan | 33 | 18-60 years | 65 years | |
| HDFC Life Insurance Company Limited | HDFC Click 2 Protect Super | 1,389 | 18-65 years | 85 years | |
| ICICI Prudential Life Insurance Company Limited | ICICI iProtect Smart | 1,950 | 18-65 years | 99 years | |
| IndiaFirst Life Insurance Company Limited | IndiaFirst Life Elite Term Plan | 160 | 18-60 years | 99 years | |
| Kotak Mahindra Life Insurance Company Limited | Kotak e Term | 321 | 18-65 years | 85 years | |
| Life Insurance Corporation of India | LIC New Tech Term Plan | 18,398 | 18-65 years | 80 years | |
| Axis Max Life Insurance Company Limited | Max Life Smart Total Elite Protection | 1,242 | 18-65 years | 85 years | |
| PNB MetLife India Insurance Company Limited | PNB MetLife Mera Term Plan Plus | 407 | 18-50 years | 80 years | |
| Pramerica Life Insurance Company Limited | Pramerica Life Rock Solid Plan | 30 | 18-65 years | 85 years | |
| SBI Life Insurance Company Limited | SBI eShield Next Plan | 1,676 | 18-65 years | 100 years | |
| Shriram Life Insurance Company Limited | Shriram Life Smart Protection Plan | 109 | 18-65 years | 75 years | |
| Star Union DAI-ICHI Life Insurance Company Limited | SUD Life Protect Shield Plus | 113 | 18-60 years | 80 years | |
| Tata AIA Life Insurance Company Limited | Tata AIA Sampoorna Raksha Promise | 776 | 18-65 years | 100 years |
*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
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
It is a non-participating and non-linked term insurance plan which is specifically designed to offer life cover in case of death during the policy tenure.
Sum assured is doubled on death due to accident: The plan provides the sum assured on demise in form of lump sum on the policyholder’s death and doubles the SA on the demise in case of death because of an accident.
Flexibility to select policy term: Policyholder gets the flexibility to select from 4 policy terms i.e., 10,15, 20, and 25 years.
No medical test: The plan requires no medical examination of the policyholder
Tax Benefits: Get tax savings benefit on the premium amount paid and payouts received as per the prevailing laws of the Income Tax Act, 1961.
This plan offers protection to the loved ones for 12 years at a minimal premium rate, if in case of any unfortunate event. At the completion of the policy term, you would get 100 percent of the premium amount you had invested.
The plan offers good cover at low premium rates
The plan provides 100 percent return of premium paid till completion of policy term as maturity payout
Life insurance coverage to make sure that policyholder is adequately secured and protected
Easy process of purchasing the plan as no lengthy processes are included.
To secure your family members from life uncertainties, Exide Life Insurance company Ltd., formerly called ING Vysya Life Insurance Company, offers you an option to add an add-on or additional protection at a low cost. It makes sure that your family is always safe and has an easy lifestyle.
Additional life cover benefits at a low cost
Death because of natural, accidental, and any other risk covered
In case of any unforeseen event of demise, a lump sum amount equivalent to rider SA on death is paid and the cover of rider ceases.
The plan provides pure protection benefit and does not offer any surrender or maturity benefit
It is a non-linked, non-participating life insurance plan that offers unique advantages such as death benefits and other inbuilt benefits that involve terminal illness cover and a special exit value. It is an extended protection plan that is personalized as per the preferences of customers.
Death Benefit: If the policyholder dies during the policy tenure, provided the policy is active, in such cases, the company will pay the guaranteed death payout to the nominee.
Premium Payment: Option to pay the premium amount as per your requirements
Premium Break: Policyholders can opt for the premium break option where he/she is eligible to take a premium holiday or break from paying the premium amount once the plan has completed 10 years of the policy term.
Return of Premium: 100% of the total premiums are payable with the return of premium option if in case you survived the policy term.
Special Exit Value: It gives the policyholder, a 1-time option to leave the plan along with an existing benefit of premium return during the time when the option is exercised for the life coverage.
Sum Assured Top-up: It provides an option to increase the SA at an advanced phase of the policy tenure.
Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.
SBI Life e-shield Next is a new age protection plan which has been specifically designed to meet your requirements and also takes care of your changing responsibilities. It is a right solution to provide financial security and protect your family in today’s world.
The plan offers a choice of three plan options such as level cover, level cover with future-proofing, and increasing cover
Personalize the plan to meet your needs through
Better half benefit option
Death benefit mode of payment
Additional life coverage using 2 options of rider
Pay premium amount as per your needs i.e., one time, for a limited time, or a full policy term
Terminal illness benefit is also available under all plan options
Due to the term insurance’s easy accessibility, low premium rates and large life cover, a term life insurance over 50,000 plan is the smart way to protect your loved ones against unfortunate events in the future. The premium rates for these plans are low and can be accessed both offline and online.
Note: Check out the term insurance plan in India and choose one that suits your requirements.
†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
Annual Renewable Term Insurance (ATR) is tailored for short-term
Read more
The ICICI Pru iProtect Super Plan is a pure-term insurance plan
Read more
Many people wonder about its tax benefits when purchasing a term
Read more
Studying abroad can be a life-changing experience, offering
Read more
The divide between rural and urban lifestyles in Tamil Nadu is
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
