Choose from Best 10 Term Insurance Policies to make Your Life Better

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• Choose from Best 10 Term Insurance Policies to
  make Your Life Better

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• Term Insurance policy shapes your financial
  planning in a perfect way. The missing links
  between your financial planning and risk
  management can be easily filled with a term
  insurance policy.
• With the increasing volume of the customer base
  in term insurance policy, the number of term
  insurance policies and companies have also
  increased to meet the requirement. Because of the
  availability of different policies and companies
  to choose from, choosing the best term insurance
  policy for you becomes difficult because every
  policy offers varied benefits and payout. So
  through this article, we will try to look at 10
  top term insurance policy that will actually make
  your life better by providing financial
  protection for your loved ones in your absence.
  All term plans provide tax benefits under Income
  Tax Act,1961.

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Bajaj Allianz isecure more

• It is an online term insurance policy offered by
  Bajaj Allianz which has the benefit of increasing
  coverage after each policy anniversary.
•  
• Key features
• After each policy anniversary, you get a 5
  increase in your sum assured, the limit of which
  is twice the coverage amount
• Availability of adding your spouse in the same
  policy (if you have taken it as single life
  coverage)
• Discount on premium on choosing high coverage
  amount
• Available as single or joint life term insurance
• Option to take the death benefit in installment
• Option to change your premium frequency at term
  anniversary during the policy term

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HDFC LIFE CLICK2PROTECT

• A very economical and comprehensive term
  insurance policy by HDFC, which has very unique
  features to fit into your requirements. In case
  of your unfortunate death, this policy provides
  payment in lump sum
•  
• Key features
• Extra life option which provides additional sum
  with sum assured as death benefit in case of
  death due to accident
• Income option which provides a death benefit in
  the form of monthly income for 15 years.
• Income plus option which provides 0.5 of the sum
  assured as monthly income for 10 years in
  addition with 100 payment of the sum assured on
  death benefit.
• Option to increase your sum assured at important
  stages of life like marriage and turning into a
  parent.
• Option to reduce your sum assured after the
  insured person has attained the age of 45 years.

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Max Life Online Term Plan Plus

• This online term insurance policy gives you
  maximum coverage at minimum premium. It is a pure
  term insurance plan which gives you the option to
  choose form lump sum payment, lump sum payment
  with monthly income and lump sum payment with
  increasing monthly income.
•  
• Key Features
• Hassle free procedure
• Discount on the high sum assured
• Multiple modes to pay premium
• Availability of plan enhancement through riders
  like accidental death benefit and waiver premium
• Increasing monthly income for 10 years in which
  death benefit in the form of monthly income
  increases by at the rate of 10 p.a.

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Reliance Life Online Term Plan

• It is a plan which has been made by keeping the
  need of todays generation. Easy procedure with
  high coverage and the availability of medical
  test at your home makes this plan unique.
• Key Features
• Simple application process
• Large cover through low premiums
• Simple medical examination process available at
  your home
• Low premiums for healthy lifestyle

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Exide Life My Term Insurance Plan

• This term plan gives financial stability for your
  family with an affordable way to purchase life
  insurance. It offers you family income benefit
  option and terminal illness benefit.
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• Key Features
• Discount on premium for female lives
• Availability of terminal illness benefit which
  gives you 25 of the lump sum coverage if
  diagnosed with terminal illness.
• Availability of Family income benefit
• Discount on premium for a high sum assured

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TATA AIA iRaksha Supreme Plan

• This plan offers you cover for life at a very
  attractive and economical price which gives you
  the choice of premium payment.
• Key Features
• Flexibility to choose premium payment from
  regular pay, single pay and limited pay
• Discount on premium for sum assured of Rs.75 lakh
  and above.
• Lower premium rates for female lives
• Reward for healthy lifestyle in the form of
  preferential premium rates for non-smokers

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AVIVA i-Life Plan

• It is a pure protection plan which is available
  to be purchased online on the companys website.
  It is available to be purchased at a very nominal
  cost.
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• Key Features
• 5 discount on premium rates for female
• Cost of medical examination and special test, at
  the time of purchase of the policy, is paid by
  the company
• Additional discount on high coverage amount
• Option to choose the frequency of premium payment

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ICICI Pru iProtect Smart

• This term plan offers you coverage against life
  with different optional benefit which increases
  the area of coverage and provides a value for
  money deal for the customers.
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• Key Features
• Wide area of coverage as it provides cover for
  death, terminal illness and disability
• Availability to add accidental death and critical
  illness benefit
• Special premium rates for women
• Easy application procedure
• Increase coverage at important stages of your
  life like marriage and turning into parents
  (birth and legal adoption)
• Select premium payment term

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PNB Metlife Mera Term Plan

• It is a pure protection term plan which gives you
  various different additional benefits and makes
  this plan available for you at an affordable
  rate.
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• Key Features
• 4 Different options of payout
• Coverage enhancement at special occasions of life
  like marriage and turning into a parent
• Availability to add your spouse in the same
  policy
• Coverage till the age of 75 years.
• Additional protections available.

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Birla Sunlife Protect _at_ease Term Plan

• It is an online term insurance policy which can
  be purchased through the companys website. It
  provides flexible premium paying terms with
  options to choose benefits according to your
  needs.
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• Key Features
• Availability of level term insurance and
  increasing term insurance to choose.
• Flexibility in premium paying term
• Option of receiving the sum assured in the form
  of monthly income
• Easy to buy

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• Choosing the right term insurance policy assures
  that you get maximum benefit out of it. Different
  people have different conditions and requirements
  based on which they should compare term insurance
  policy and choose the best.