Best Term Policy in India

Can you provide me the list of best Term Plans/Polices for 30-Year, Male/Non-Smoker, Age 30, with Annual Premium Payment details in India as I wants to invest in a one?

[Kiran Chandar]

Term insurance plan is necessity for an individual who has dependents or a family. It is a proven fact that a term plan offers the most ‘value for money’ proposition.

It is the basic form of life insurance where a fixed sum assured is paid on the death of the policyholder. In case of survival of policy term, the insured gets nothing in return.

The premium on term plans depends on three factors: age, term of the policy and the sum assured you choose.

The list of best Term Plans/Polices for 30-Year, Male/Non-Smoker, Age 30, with Annual Premium Payment details in India are as follows:

Term Plans Name Premium Mode

Reliance Online Term 7,319 Online

Bharti AXA eProtect 8,202 Online

AEGON Religare iTerm 8,203 Online

Aviva i-Life 8,297 Online

MAX Life Online Term Option I 8,315 Online

HDFC Life Click2Protect 11,911 Online

Edelweiss Tokio Life - Protection 12,922 Online

SBI Life eShield 13,135 Online

ICICI Prudential ICare II 16,739 Online

LIC Amulya Jeevan 26,180 Offline

PNB MetProtect 13,034 Offline

Tata AIA Life Insurance Maha Raksha Supreme 14,606 Offline

Ratio of Term Insurance providers according to IRDA in the year 2014

Ratio of Term Insurance providers according to IRDA in the year 2014