Best Term Insurance Plan Searched Online

A term insurance plan, arguably among the most traditional types of life insurance in India, requires small premiums that increase marginally across the policy term. The best term insurance plans searched online are the ones that take care of the mortality risks of policyholders and provide adequate returns in the form of maturity or death benefits to the loved ones of the deceased. Here, we intend to throw light on some lesser known term plans that are equally competent in providing the benefits you need.

Less Popular but Best Term Insurance Plans

The term insurance plans given hereunder are often purchased by people looking for apt coverage for the premium amount within their budget; take a look.

Bajaj Allianz iSecure

With a minimum and maximum entry age of 18 years and 60 years respectively, Bajaj Allianz iSecure offers a maturity age of 70 years. You may opt for policy terms ranging from 10 to 30 years as per your requirements. In this plan, the premium payment plan is generally on an annual, semi-annual, quarterly, or monthly basis; so, choose accordingly.

The minimum assured sum for this plan is INR 2,50,000 for the general category and INR 20,00,000 for other smokers and non-smokers categories. The payout is in the form of lump sum payment only. The Claim settlement ratio (FY 16- 17) of Bajaj Allianz as per IRDA was 91.67%.

HDFC Life Click 2 Protect Plus

18 years and 65 years of age are the minimum and maximum entry age for this best term insurance plan that provides a maturity age of 75 years. In this plan, you may opt for different premium payment terms as per your suitability.

The minimum assured sum for the term plan is INR 2,50,000. It is available with income and lump sum payment options; given this, you may want to ascertain your coverage payment needs before going ahead with the purchase of Click 2 Protect Plus. The Claim settlement ratio (FY 16- 17) of HDFC Life as per IRDA was 97.62%.

AEGON Life iTerm Plan

The minimum and maximum entry age of AEGON Life iTerm Planis 18 years and 60 years respectively. The term plan offers a maturity age of 75 years with the policy term extending from 5 to 40 years; or up to 75 years as per the plan in the reckoning. The premium payment plan, in this case, is on an annual basis only.

The minimum assured sum is INR 10, 00,000 with a lump sum pay-out on maturity. The Claim settlement ratio (FY 16- 17) of AEGON Life as per IRDA was 97.11%.

Other Less Popular but Best Term Insurance Plans

Aviva I Life, Bharti Axa Life – eProtect, IDBI Federal – iSurance, IndiaFirst Life – Anytime Plan, Edelweiss Tokio – MyLife+, etc. are some of the other term plans in India that you may want to consider to address your coverage needs.

Best Term Insurance Plan You Need to Buy

Though there is no dearth of options to choose from when it comes to buying the best term insurance plan online on aggregator sites like, it is important that you buy the one that provides you with the following:

Financial security

Term insurance plans provide you with a financial safety net wherein you can make adequate provision for your dependents in case of your untimely demise. While deciding upon the coverage amount, do keep your current income, inflation rate, the budget for premium, and the amount that you wish to leave behind for your family members in mind.

Basic insurance product

In case you are looking for the best insurance plan online that has an affordable, fixed premium with similar features as most life insurance plans, then a term insurance policy is what you need to buy. Do go for the basic plan without any frills or add-ons to get the appropriate maturity benefits for your family members.


The best term insurance plans are those that provide more benefit than the sum invested therein. These plans provide higher returns and you need not go through the hassles of managing investment funds. The TROP plans, as well as the regular plans, offer up to 105% returns on the premiums paid in the form of benefit upon maturity. It’s well-advised to go for sufficient cover that’s equivalent or more than 10 times your yearly income to avoid being under-insured.

Way Forward

Log onto to compare and buy the best term insurance plans online. Do go through the policy terms, conditions, features, tenure, scope, and extent of different plans before you choose the one that suits your needs.