10 Best Life Insurance Policy List - Plans, Benefits

1. PolicyBazaar
  • 1 Crore life cover at ₹490/month*
  • Get insured from the comfort of your home

Benefits
  • Death Benefit: In the unfortunate event of death of life insured during policy term, the nominee shall receive the Total Payout as a Lump sum amount or a combination of Lump sum & Monthly amount.
  • Tax Benefit: The premiums paid for Term Life Insurance are Tax free under section 80(C) upto an amount of Rs 1,50,000.
  • Monthly income to sustain the family lifestyle.
  • Buy online & get a 5% discount ‘throughout your policy term
  • Large cover at affordable rates
  • High claim settlement ratio of 97.8%
  • Life cover up to ₹ 2 Crore with telephonic medicals
Benefits
  • Get ₹ 1 Crore life cover starting at ₹ 490 per month. Your premiums remain fixed for the entire policy duration
  • Life stage benefit gives you an option to increase the cover after Marriage (50% increase), 1st (25% increase) & 2nd (25% increase) childbirth, without any medicals.
  • This optional benefit gives full claim payout on the first diagnosis of 34 Critical Illnesses like cancer, heart attack and kidney failure. No hospital bills required. You stay covered for a maximum of 30 years without any change in premium.
As individuals it is inherent to differ. Each individual's insurance needs and requirements are different from that of the others. LIC's Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement.
  • Under Table Nos 2 & 5 the premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you. Under Table No 8 the premium is payable in one lump sum (Single Premium).
  • The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured.
  • This is a whole of life assurance plan and hence does not have a maturity date. You, however, have the option to take the Sum Assured plus all bonuses declared under the policy anytime after 40 years from the date of commencement of the policy provided you have attained, at least, 80 years of age.
  • Buying insurance plans has never been easier than this. Explore our online plans and enjoy a smooth paperless purchase process, all within a few minutes!
  • Life insurance refers to the legally binding contract between a policyholder and an insurance company that provides financial protection to his/her family. The insurer promises to offer the insurance benefit in exchange for regular premiums paid by the life insured.
Benefits
  • Buying a life insurance plan with an adequate sum assured acts as a financial cushion for your family members. It ensures that they will not need to live a compromised lifestyle or disregard their life goals in your absence.
  • With the help of life insurance, you can plan for your children’s future, including their higher education plans. The insurance benefits they will receive after you help them fulfil their dreams just as you have planned for them.
  • Putting aside money to be invested in various financial instruments becomes difficult when there are so many financial responsibilities to cater to. However, you can enjoy the dual benefits of life cover and investment with certain types of life insurance plans.
  • Most life insurance policies ask for long-term commitment to pay the premium timely and help create wealth, which can be used to fulfil various life goals. You can also opt for life insurance plans with maturity benefits to enjoy life with financial independence.
Individual, Non-linked, Non-participating, Health Insurance, Pure Risk Premium product.
Benefits
  • Simplicity - by providing easy enrolment and payout process
  • Security - lumpsum payout
  • Flexibility - Choose your policy term from 3.5 months (105 days), 6.5 months (195 days) or 9.5 months (285 days).
  • Affordability –through reasonable premium
We understand that as an individual you have specific protection, retirement, savings and wealth needs. Our goal is to help you meet those needs with a suite of products so that you can live your life on your own terms. Depending on your risk appetite you can choose to invest it a plan ranging from unit-linked to traditional.
Benefits
  • The plan not only covers unfortunate demise of the Life Assured but also accelerates the death benefit to manage expenses in case of diagnosis of Terminal Illness
  • With the Life Plus Option, you can increase your life cover Every Year by 5% p.a. Simple Interest
  • Lump Sum Payout if diagnosed with any of the covered critical illnesses (available under Critical Illness Option (Accelerated))
  • Premiums paid by the customer in this option are refunded upon survival till end of policy term (available under Return of Premium option) as this is a term insurance plan option with maturity benefit.
Click 2 Protect Life, an intelligent term plan that provides benefits as per your altering lifestyle and life stage needs and helps you stay truly protected.
Benefits
  • Option to choose a cover which fits your needs from 3 plan options
  • Auto balances Death and Critical Illness benefits with increasing age6
  • Get income payouts from age 60 onwards under Income Plus Option
  • Option to avail cover for Whole of Life5