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Best term insurance plans in India for maximum coverage and lowest premium rates in 2025


Term insurance is one of the most affordable and essential financial tools for securing a family’s future. It provides a high sum assured at a low premium, ensuring financial stability for dependents in case of an unfortunate event. 

With multiple options available in the market, choosing the right term insurance plan can be challenging. In 2025, insurers are offering competitive premium rates with added benefits, making it easier to get comprehensive coverage at an affordable cost.

Why choose a term insurance plan?

A term insurance policy provides pure life coverage without an investment component. It ensures that the insured’s family receives a lump sum payout in case of their untimely demise. This payout helps cover financial liabilities, daily expenses, and long-term goals such as children’s education and home loans.

Benefits of term insurance

  1. High sum assured at low premiums – Offers significant coverage at an affordable cost.

  2. Financial protection for dependents – Ensures that the insured’s family remains financially stable.

  3. Customisable add-ons – Provides riders like accidental death, critical illness, and disability cover.

  4. Tax benefits – Premiums qualify for tax deductions under Section 80C, and death benefits are tax-free under Section 10(10D).

Best term insurance plans in India for 2025

To help individuals make an informed choice, here are some of the best term insurance plans in India for 2025, offering maximum coverage with the lowest premium rates.

1. HDFC Life Click 2 Protect Super

  • Coverage – Up to ₹2 crore or more

  • Premium – Starts from ₹8,000 per year (for a 30-year-old non-smoker)

  • Key benefits –

    1. Multiple payout options (lump sum or monthly income).

    2. Covers critical illness and accidental death as add-ons.

    3. Offers premium waiver on disability.

  • Best for – Individuals seeking flexible payout options and comprehensive protection.

2. ICICI Prudential iProtect Smart

  • Coverage – Up to ₹3 crore

  • Premium – Starts from ₹9,000 per year

  • Key benefits –

    1. Covers 34 critical illnesses under an optional rider.

    2. Provides accidental death cover.

    3. Offers the option of increasing life cover at key milestones.

  • Best for – Policyholders looking for a combination of life and health protection.

3. Max Life Smart Secure Plus Plan

  • Coverage – Up to ₹2.5 crore

  • Premium – Starts from ₹7,500 per year

  • Key benefits –

    1. Includes terminal illness coverage.

    2. Provides an option to receive a monthly income along with a lump sum.

    3. Offers premium waiver in case of disability.

  • Best for – Individuals looking for cost-effective term insurance with extra benefits.

4. Tata AIA Maha Raksha Supreme

  • Coverage – Up to ₹2 crore

  • Premium – Starts from ₹7,800 per year

  • Key benefits –

    1. Life stage enhancement option to increase cover.

    2. Includes in-built terminal illness benefit.

    3. Refunds total premiums paid if no claim is made (return of premium option).

  • Best for – Policyholders seeking a return of premium benefit.

5. SBI Life eShield Next

  • Coverage – Up to ₹3 crore

  • Premium – Starts from ₹8,500 per year

  • Key benefits –

    1. Provides increasing cover over time.

    2. Customisable riders for accidental death and critical illness.

    3. Offers level cover and increasing sum assured options.

  • Best for – Individuals who want increasing coverage to match inflation.

How to choose the best term insurance plan?

Before purchasing a term insurance plan, consider the following factors:

  1. Coverage amount – Choose a sum assured that is at least 10-15 times your annual income.

  2. Premium affordability – Compare premium rates and select a cost-effective plan with the best benefits.

  3. Rider options – Check for add-ons like critical illness cover, accidental death benefit, and waiver of premium.

  4. Claim settlement ratio – Opt for an insurer with a high claim settlement ratio for a hassle-free claims process.

  5. Policy tenure – Select a tenure that covers your working years to ensure long-term protection.

Conclusion

Selecting the right term insurance plan is crucial for securing your family’s financial future. The best plans in India for 2025 provide high coverage at competitive premium rates with additional benefits. You can explore and purchase the ideal plan conveniently through the Bajaj Finserv App. By evaluating your financial needs, comparing plans, and considering essential riders, you can choose a policy that ensures maximum protection with minimal cost. Investing in a well-structured term insurance policy guarantees peace of mind and long-term security for your loved ones.

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