Term life insurance is a popular and affordable way to secure the financial future of your loved ones in case of your untimely demise. It offers high coverage at a relatively low premium, making it an ideal option for families who want financial protection without breaking the bank. In 2025, many life insurance companies in India offer customized and competitive term life insurance plans. Below are some of the best term life insurance policies available in India, offering comprehensive coverage, flexible options, and additional benefits.
1. LIC Tech-Term Plan (Life Insurance Corporation of India)
LIC Tech-Term Plan is a well-known and highly trusted term life insurance plan in India. It provides extensive coverage at an affordable premium and offers multiple customizable options for policyholders.
Key Features: Coverage for death, disability, and critical illness. Flexible premium payment options (single premium, limited premium, or regular premium). Option to increase coverage at key milestones (childbirth, marriage, etc.). Additional riders like accidental death benefit and critical illness rider. Free-look period of 15 days to review the policy. Offers coverage up to 75 years of age.
Benefits: Affordable premiums with high coverage. The flexibility to choose the duration of coverage. Simple and hassle-free online purchase process. Reputable and trusted company with strong customer service.
2. HDFC Life Click 2 Protect 3D Plus
HDFC Life Click 2 Protect 3D Plus is one of the leading term life insurance policies in India. It offers comprehensive coverage against death, disability, and disease, and is known for its flexibility and affordability.
Key Features: Provides coverage for death, terminal illness, and accidental death. Option to increase coverage in case of critical illness diagnosis. Coverage up to 99 years of age. Flexible premium payment options: monthly, quarterly, half-yearly, or yearly. Comprehensive options like the “Life Stage Protection” feature that increases the coverage as per changing life stages.
Benefits: Affordable premiums with high sum assured. Multiple options for riders such as critical illness, accidental death, and permanent disability. Tax benefits under Section 80C and Section 10(10D) of the Income Tax Act. Excellent claim settlement ratio and strong brand reputation.
3. SBI Life eShield
SBI Life eShield is a highly popular online term life insurance plan that offers strong coverage at an affordable premium. This plan is designed to provide a high level of financial protection to your family in case of your untimely death.
Key Features: Simple and easy online process for purchase and renewal. Option for coverage against death, critical illness, and accidental death. Flexible policy term and premium payment options. Optional riders like accidental death benefit and critical illness cover.
Benefits: Affordable and competitive premiums with high coverage. Strong reputation for customer service and claims settlement. The policyholder can enhance coverage as per their requirements with additional riders. Tax benefits under Section 80C and 10(10D).
4. ICICI Prudential iProtect Smart
ICICI Prudential iProtect Smart is a highly customizable online term insurance plan that provides financial protection for your family in case of your absence. The plan also covers critical illnesses and provides an option for an accidental death benefit.
Key Features: Coverage for death, terminal illness, and accidental death. Option for critical illness coverage with additional premium. Flexible premium payment options and policy tenure. Enhanced coverage with riders such as accidental death benefit.
Benefits: High coverage at an affordable premium. Tax-saving benefits under Section 80C and Section 10(10D). Option to increase coverage through additional riders. Excellent customer service and support from a leading insurance provider.
5. Tata AIA Life Insurance Sampoorna Raksha+
Tata AIA Life Insurance Sampoorna Raksha+ is a comprehensive term life insurance plan offering financial protection to your family in your absence. The plan comes with various add-ons such as critical illness coverage and accidental death coverage.
Key Features: Coverage for death, accidental death, and terminal illness. Option for critical illness coverage and permanent disability cover. Flexible premium payment options and policy tenure. Riders available for additional coverage, including accidental death benefit.
Benefits: Wide range of riders to enhance coverage. Affordable premiums with high coverage. Tax benefits under Section 80C and Section 10(10D). Strong brand reputation and excellent claim settlement ratio.
Conclusion
Choosing the best term life insurance plan in India for 2025 requires considering factors such as the coverage amount, premium affordability, policy term, and available riders. These top 5 term life insurance plans offer competitive premiums and extensive coverage to secure the financial future of your loved ones. Evaluate the features of each plan, including critical illness coverage, the option for riders, and claim settlement ratio, to choose the best policy that aligns with your needs and financial goals.