Top Term Insurance Plans in India
Term Insurance is a cornerstone of financial planning, offering a cost-effective way to secure your family’s future.
With India’s insurance market thriving in 2025, Best Term Insurance Plans provide high coverage, innovative features, and tailored benefits, including options like Term Insurance for Senior Citizens and Term Insurance for NRI.
This comprehensive guide explores the top Term Insurance plans, helping you Compare Term Insurance Plans by analyzing premiums, Term Life Insurance Quotes, and key benefits to make an informed choice, whether you’re seeking Affordable Term Insurance or specialized plans like Term Insurance Plans for Women or Term Insurance with Critical Illness Rider.
Additionally, we’ve included an interactive Term Insurance Premium Calculator to help you estimate Term Life Insurance Quotes instantly.
Understanding Term Insurance
Term Insurance is a pure life insurance product that provides coverage for a specific period or “term.” If the policyholder passes away during this term, the insurer pays a predetermined sum assured to the nominee, ensuring financial security for dependents.
Unlike endowment or money-back plans, Term Insurance typically offers no maturity benefits unless you opt for a Term with Return of Premium (TROP) plan, making it a go-to choice for Affordable Term Insurance.
Plans like HDFC Term Insurance, Max Life Term Insurance, and LIC Term Insurance are popular for their reliability and flexibility.
Why Choose Term Insurance in 2025?
- Affordable High Coverage: Secure 1 Crore Term Insurance for as low as ₹15–₹20/day, ideal for young professionals, families, and even Term Insurance for Senior Citizens.
- Flexible Payouts: Choose lump sum, monthly income, or a combination to suit your family’s needs.
- Tax Advantages: Premiums qualify for deductions up to ₹1.5 lakh under Section 80C, and death benefits are tax-free under Section 10(10D), subject to conditions.
- Long-Term Protection: Many plans offer coverage up to age 99 or 100, perfect for Term Insurance for Senior Citizens.
- Digital Convenience: Online Term Insurance platforms simplify purchasing and management with tools like Term Insurance Premium Calculator for instant quotes.
- Specialized Plans: Options like Term Insurance Plans for Women and Term Insurance for NRI cater to specific demographics.
Try Our Term Insurance Premium Calculator
Use MoneyMarsh.com’s interactive Term Insurance Premium Calculator to get instant Term Life Insurance Quotes.
Simply enter your details to estimate premiums for 1 Crore Term Insurance or other coverage amounts, tailored to your age, gender, smoking status, and optional riders like Term Insurance with Critical Illness Rider.
Click here to Calculate Term Insurance Premium in IndiaTop Term Insurance Plans in India for 2025
Based on affordability, claim settlement ratio (CSR), rider options, and customer reviews, here are the Best Term Insurance Plans for 2025.
These plans, including HDFC Term Insurance, Max Life Term Insurance, and LIC Term Insurance, are selected for their reliability, competitive premiums, and comprehensive features, catering to diverse needs like Term Insurance with Critical Illness Rider and Term Insurance for NRI.
1. Max Life Smart Secure Plus Plan
- Premium: ₹522/month for 1 Crore Term Insurance (30-year-old non-smoker male, 30-year term)
- Claim Settlement Ratio: 99.65% (FY 2024–25)
- Key Features:
- Flexible death benefit options: Lump sum, lump sum plus monthly income, or increasing income.
- Inbuilt terminal illness cover at no extra cost.
- Return of Premium (ROP) option, refunding 100% of premiums if you survive the term.
- Premium break feature: Skip premiums for 1–3 years without losing coverage.
- Special exit value: Surrender after a specified period and receive up to 2x premiums paid.
- Optional Term Insurance with Critical Illness Rider for 64 critical illnesses, accidental death, and waiver of premium.
- Flexible payment modes: Single, limited, or regular pay.
- Suitable for Term Insurance for NRI with online accessibility.
- Why Choose?: Max Life Term Insurance offers a high CSR, innovative features like premium breaks, and extensive rider options, making it a top pick for those seeking comprehensive and flexible coverage.
- Get a Quote: Use our Term Insurance Premium Calculator above or visit Max Life.
2. HDFC Life Click 2 Protect Life
- Premium: ₹520/month for 1 Crore Term Insurance (30-year-old non-smoker male, 30-year term)
- Claim Settlement Ratio: 99.50% (FY 2024–25)
- Key Features:
- Three variants: Life Insurance, Life Protect, and Income Plus.
- Auto-balances death and Term Insurance with Critical Illness Rider.
- Return of Premium option for maturity benefits.
- Optional riders: Accidental death, critical illness, and waiver of premium.
- Discounts for non-smokers, women (ideal for Term Insurance Plans for Women), and Online Term Insurance purchases (up to 17%).
- Covers COVID-19 claims.
- Flexible payout options: Lump sum, monthly income, or both.
- Why Choose?: HDFC Term Insurance combines a strong CSR with customizable variants, making it suitable for those prioritizing reliability and tailored protection.
- Get a Quote: Try our Term Insurance Premium Calculator or visit HDFC Life.
3. ICICI Pru iProtect Smart Term Plan
- Premium: ₹432/month for 1 Crore Term Insurance (30-year-old non-smoker male, 30-year term)
- Claim Settlement Ratio: 99.04% (FY 2024–25)
- Key Features:
- Four variants: Life, Life Plus, Life and Health, and All-in-One.
- Whole life coverage up to age 99, suitable for Term Insurance for Senior Citizens.
- Inbuilt terminal illness cover, including HIV/AIDS.
- Optional Term Insurance with Critical Illness Rider for 34 illnesses, accidental death, and waiver of premium.
- Up to 18% discount for women (ideal for Term Insurance Plans for Women) and non-smokers.
- Flexible payouts: Lump sum, monthly income, or a combination.
- Covers women-specific illnesses like breast and cervical cancer.
- Premium Sabbatical Benefit: One-year premium holiday.
- Accessible for Term Insurance for NRI through online platforms.
- Why Choose?: ICICI Pru’s affordability, extensive coverage, and women-specific benefits make it a top choice for families and female policyholders.
- Get a Quote: Use our Term Insurance Premium Calculator or visit ICICI Prudential.
4. Tata AIA Sampoorna Raksha Supreme
- Premium: ₹501/month for 1 Crore Term Insurance (30-year-old non-smoker male, 30-year term)
- Claim Settlement Ratio: 99.13% (FY 2024–25)
- Key Features:
- Four variants: Life, Life Plus, Life Income, and Credit Protect.
- Whole life coverage up to age 100, ideal for Term Insurance for Senior Citizens.
- Life stage benefit: Increase coverage at milestones like marriage or childbirth without medical underwriting.
- Terminal illness benefit: 50% of sum assured paid early.
- Optional Term Insurance with Critical Illness Rider, accidental death, and terminal illness riders.
- Flexible payouts: Lump sum, regular income for up to 60 months, or both.
- Discounts for non-smokers and women (up to 18.5%), supporting Term Insurance Plans for Women.
- Why Choose?: Tata AIA’s plan is perfect for those seeking long-term coverage with flexibility to adjust sums assured during life events.
- Get a Quote: Try our Term Insurance Premium Calculator or visit Tata AIA.
5. Bajaj Allianz Life eTouch Term Plan
- Premium: ₹487/month for 1 Crore Term Insurance (30-year-old non-smoker male, 30-year term)
- Claim Settlement Ratio: 99.29% (FY 2024–25)
- Key Features:
- Three variants: Life Shield, Life Shield Plus, and Life Shield ROP.
- Return of Premium option for maturity benefits.
- Covers accidental death, terminal illness, and disability with optional Term Insurance with Critical Illness Rider.
- Early exit value: Surrender and receive premiums paid.
- Premium holiday: Skip premiums for 1–3 years while maintaining coverage.
- High sum assured discounts.
- Why Choose?: Bajaj Allianz offers a strong CSR and Affordable Term Insurance, appealing to those seeking TROP plans with flexible options.
- Get a Quote: Use our Term Insurance Premium Calculator or visit Bajaj Allianz.
6. SBI Life eShield Next
- Premium: ₹667/month for 1 Crore Term Insurance (30-year-old non-smoker male, 30-year term)
- Claim Settlement Ratio: 98.29% (FY 2024–25)
- Key Features:
- Terminal illness benefit up to ₹2 crore.
- Optional riders: Accidental death and partial permanent disability.
- Flexible premium modes: Single, regular, or limited pay.
- Payout options: Lump sum or staggered payments.
- Tax benefits under Sections 80C and 10(10D).
- Why Choose?: SBI Life’s plan is a reliable choice for those seeking straightforward coverage from a trusted brand.
- Get a Quote: Try our Term Insurance Premium Calculator or visit SBI Life.
7. LIC e-Term Insurance Plan
- Premium: ₹400–₹600/month for 1 Crore Term Insurance (30-year-old non-smoker male, term varies)
- Claim Settlement Ratio: Not specified (FY 2024–25), but LIC is known for reliability
- Key Features:
- Simple and affordable Online Term Insurance purchase.
- No maturity benefit, keeping premiums low for Affordable Term Insurance.
- Tax benefits under Sections 80C and 10(10D).
- 30-day return policy.
- Suitable for Term Insurance for NRI with online accessibility.
- Why Choose?: LIC Term Insurance offers a trusted, budget-friendly option for those seeking simplicity and reliability.
- Get a Quote: Use our Term Insurance Premium Calculator or visit LIC.
8. ACKO Life Flexi Term Plan
- Premium: ₹540/month for 1 Crore Term Insurance (30-year-old non-smoker male, 30-year term)
- Claim Settlement Ratio: Not specified (new entrant, FY 2024–25)
- Key Features:
- Premium lock-in: Locks rates for future coverage increases based on initial age, potentially saving up to 40%.
- Optional Term Insurance with Critical Illness Rider, accidental death, and total permanent disability riders.
- Waiver of future premiums for disability or critical illness.
- Free digital will creation.
- Tax benefits up to ₹54,600 under Sections 80C and 10(10D).
- Why Choose?: ACKO’s innovative approach suits young buyers and Term Insurance for NRI planning for future coverage increases.
- Get a Quote: Try our Term Insurance Premium Calculator or visit ACKO.
Premium Comparison for 1 Crore Term Insurance
Below is a comparison of premiums for 1 Crore Term Insurance for a 30-year-old non-smoker male with a 30-year policy term, based on available data:
| Insurer | Plan Name | Monthly Premium | CSR (FY 2024–25) |
|---|---|---|---|
| ICICI Prudential | iProtect Smart | ₹432 | 99.04% |
| Bajaj Allianz | eTouch Term | ₹487 | 99.29% |
| Kotak Life | e-Term Plan | ₹487 | 98.29% |
| Tata AIA | Sampoorna Raksha Supreme | ₹501 | 99.13% |
| HDFC Life | Click 2 Protect Life | ₹520 | 99.50% |
| Max Life | Smart Secure Plus | ₹522 | 99.65% |
| ACKO | Life Flexi Term | ₹540 | Not specified |
| SBI Life | eShield Next | ₹667 | 98.29% |
| LIC | e-Term Insurance | ₹400–₹600 (est.) | Not specified |
Note: Premiums are indicative and vary based on age, health, smoking status, and policy term. Use our Term Insurance Premium Calculator for precise Term Life Insurance Quotes.
How to Get Accurate Term Life Insurance Quotes
To Compare Term Insurance Plans and obtain accurate Term Life Insurance Quotes, use our Term Insurance Premium Calculator above or other tools available on insurer websites or comparison platforms. These tools require inputs like age, gender, sum assured, policy term, and health details. Here’s how:
- Use Our Calculator: Try the interactive Term Insurance Premium Calculator above for instant quotes tailored to your profile.
- Enter Details: Provide age, gender, smoking status, income, and desired coverage (e.g., 1 Crore Term Insurance).
- Compare Features: Evaluate premiums, CSR, rider options (e.g., Term Insurance with Critical Illness Rider), and payout flexibility.
- Check Discounts: Look for savings for non-smokers, women (Term Insurance Plans for Women), Term Insurance for NRI, or Online Term Insurance purchases.
Comparison Table of Top Term Insurance Plans in India for 2025
| Plan Name | Maximum Cover | Entry Age | Claim Settlement Ratio (FY 2024–25) | Riders Available | Approx. Premium (Male/Female, Age 30, Non-Smoker) |
|---|---|---|---|---|---|
| Max Life Smart Secure Plus | ₹20 Cr | 18–60 | 99.65% | Critical Illness (64 illnesses), Accidental Death, Waiver of Premium, Terminal Illness | ₹522/month (M), ₹470/month (F) |
| HDFC Life Click 2 Protect Life | ₹20 Cr | 18–65 | 99.50% | Critical Illness, Accidental Death, Waiver of Premium | ₹520/month (M), ₹468/month (F) |
| ICICI Pru iProtect Smart | ₹10 Cr | 18–65 | 99.04% | Critical Illness (34 illnesses), Accidental Death, Waiver of Premium, Terminal Illness | ₹432/month (M), ₹389/month (F) |
| Tata AIA Sampoorna Raksha Supreme | ₹10 Cr | 18–70 | 99.13% | Critical Illness, Accidental Death, Terminal Illness | ₹501/month (M), ₹451/month (F) |
| Bajaj Allianz Life eTouch | ₹10 Cr | 18–65 | 99.29% | Critical Illness, Accidental Death, Waiver of Premium, Terminal Illness | ₹487/month (M), ₹438/month (F) |
| SBI Life eShield Next | ₹10 Cr | 18–65 | 98.29% | Accidental Death, Partial Permanent Disability | ₹667/month (M), ₹600/month (F) |
| LIC e-Term Insurance | ₹1 Cr | 18–60 | Not specified | None | ₹400–₹600/month (M/F) |
| ACKO Life Flexi Term | ₹10 Cr | 18–60 | Not specified | Critical Illness, Accidental Death, Total Permanent Disability | ₹540/month (M), ₹486/month (F) |
Note: Premiums are indicative and may vary based on health, lifestyle, and underwriting. Female premiums are estimated at ~10% lower due to insurer discounts. Use our Term Insurance Premium Calculator for precise quotes.
Key Benefits of Term Insurance Plans in 2025
- High Coverage at Low Cost: 1 Crore Term Insurance for ₹15–₹20/day, ideal for young professionals, families, and Term Insurance for Senior Citizens.
- Flexible Payouts: Choose lump sum, monthly income, increasing income (e.g., 10% annual increase), or a combination.
- Riders for Added Protection:
- Accidental Death Benefit: Extra payout for accidental deaths.
- Term Insurance with Critical Illness Rider: Lump sum for 34–64 critical illnesses.
- Waiver of Premium: Future premiums waived for disability or critical illness.
- Terminal Illness Benefit: Early payout (up to ₹2 crore) for terminal illness.
- Tax Savings: Deductions up to ₹1.5 lakh under Section 80C and tax-free death benefits under Section 10(10D).
- Whole Life Coverage: Extend protection up to age 99 or 100, perfect for Term Insurance for Senior Citizens.
- Return of Premium (TROP): Refund of premiums paid if you outlive the policy term, available in plans like Max Life Term Insurance and HDFC Term Insurance.
- Online Convenience: Online Term Insurance platforms simplify purchase and management, with Term Insurance Premium Calculator tools for instant quotes.
- Specialized Plans: Term Insurance Plans for Women with discounts and women-specific illness coverage, and Term Insurance for NRI with global accessibility.
- Special Discounts: Non-smokers, women, and Online Term Insurance buyers enjoy reduced premiums.
Factors to Consider When Choosing a Term Insurance Plan
- Claim Settlement Ratio (CSR): Opt for insurers with high CSRs (e.g., Max Life Term Insurance: 99.65%) for claim reliability.
- Solvency Ratio: Indicates financial stability (e.g., Max Life: 2.01; Edelweiss: 2.29).
- Premium Affordability: Ensure premiums fit your budget, with Affordable Term Insurance options like LIC Term Insurance.
- Rider Relevance: Add Term Insurance with Critical Illness Rider or other riders only if they address specific risks.
- Policy Term and Sum Assured: Choose a term that covers financial liabilities (e.g., until loan repayment or retirement), such as 1 Crore Term Insurance.
- Payout Options: Select lump sum, income, or a mix based on family needs.
- Brand Trust: Prioritize insurers like HDFC Term Insurance, Max Life Term Insurance, and LIC Term Insurance for strong reputations.
- Online Accessibility: Online Term Insurance plans with user-friendly processes save time and money, especially for Term Insurance for NRI.
Tips for Buying Term Insurance in 2025
- Buy Early: Younger age means lower premiums and locked-in rates for future coverage increases, beneficial for Term Insurance for NRI.
- Be Transparent: Disclose health, smoking status, and occupation accurately to ensure claim approval.
- Use Term Insurance Premium Calculator: Compare Term Life Insurance Quotes using our calculator above or platforms like Policybazaar or InsuranceDekho.
- Evaluate Riders: Add Term Insurance with Critical Illness Rider only if necessary to keep premiums affordable.
- Check Exclusions: Understand exclusions (e.g., suicide within 12 months) to avoid claim issues.
- Nominate Beneficiaries: Clearly nominate dependents for smooth payouts.
- Review Periodically: Reassess coverage at life milestones like marriage, childbirth, or loans, especially for Term Insurance Plans for Women or Term Insurance for Senior Citizens.
Conclusion
Selecting the Best Term Insurance Plans in 2025 involves balancing affordability, coverage, and benefits.
Plans like Max Life Term Insurance Smart Secure Plus, HDFC Term Insurance Click 2 Protect Life, and ICICI Pru iProtect Smart lead with high CSRs, competitive premiums, and innovative features like premium breaks, whole-life coverage, and Term Insurance with Critical Illness Rider.
LIC Term Insurance remains a trusted choice for simplicity, while ACKO Life Flexi Term caters to Term Insurance for NRI with premium lock-in benefits.
Use our Term Insurance Premium Calculator above to Compare Term Insurance Plans and obtain accurate Term Life Insurance Quotes.
Secure your family’s financial future with Affordable Term Insurance tailored to your needs, whether you’re seeking Term Insurance Plans for Women, Term Insurance for Senior Citizens, or 1 Crore Term Insurance.
Disclaimer: Premiums and features may vary based on individual profiles and insurer updates. Verify details with insurers before purchasing.