Everyone is looking to secure the future of their family and in order to achieve this objective, you are advised to buy a term life insurance plan. A term plan pays the Sum Assured to your family in case of your unfortunate demise during the term of the policy. Considering the changing needs of the customers, the life insurance companies have come up with a customized range of term insurance plans. You only need to pick the right term plan that suits your needs. To help you make the right choice for securing your family’s future, we bring to you the list of top online term plans that are available with the custom-built features.
Top Online Term Insurance Plans in India
Let’s go through some of the top Online Term Insurance Plans in India.
1. Max Life OTP Plus Plan
Max Life OTP Plus Plan secures the financial future of your family & loved ones, in the event of your death, disease, and disability. This term plan offers basic life cover, monthly income & increasing monthly income. With this term plan, you will get the comprehensive life coverage till 85 years of age. Max Life has the highest claim settlement ratio of 98.26% in FY 2017-18.
2. TATA AIA Life iRaksha Supreme Plan
Tata AIA iRaksha Supreme is an online term plan that offers life cover at an easily affordable price. This online term plan ensures that your family’s dreams are not compromised in case of any eventuality. This plan comes with the option to choose your premium payment mode. This policy offers life cover till 80 years of age. TATA AIA Life has a claim settlement ratio of 98.00% in FY 2017-18.
3. ICICI Pru iProtect Smart
ICICI Pru iProtect Smart is a term plan that secures your family’s well-being when you are not around. This term plan offers coverage against 34 listed critical illnesses. Upon buying this plan, you will have an option to get the additional coverage against accidental death. iProtect term plan from ICICI Prudential provides 3600 protection from life’s uncertainties. ICICI Prudential Life has a claim settlement ratio of 97.88% in FY 2017-18.
4. HDFC Life Click2Protect 3D Plus
HDFC Life Click2Protect 3D Plus is a term insurance plan that ensures comprehensive protection for your family at an affordable price. Under this plan, you will get protection against uncertainties like death, disease, disability, terminal illness, accident, etc. You will get a discount on premiums upon buying the term plan online. This term plan has 9 different plan options to secure your family’s financial needs. HDFC Life has a claim settlement ratio of 97.80% in FY 2017-18.
5. Bharti AXA Life eProtect Plan
Bharti AXA Life eProtect is an affordable term plan that ensures financial protection for loved ones, in the event of your demise during the policy term. This plan provides additional cover with the help of accidental death benefit and hospital cash rider. Bharti AXA Life has a claim settlement ratio of 96.85% in FY 2017-18.
The term plans mentioned above are determined on the basis of wide coverage and claim settlement ratio of the respective life insurance companies. You can compare online term insurance plans and pick the one that meets your needs and buy it now!