We would love to hear from you!
Share your experience and feedback to help us serve you better.
Share Your Experience
Your feedback means a lot to us.
Protect your family's financial future with the best term insurance plans in India. A term insurance policy provides a financial payout to your nominee if you pass away during the policy term, helping your loved ones manage household expenses, outstanding loans, and long-term financial goals.
1M+
Happy Customers
30+
Insurers Compared
Multiple
Plans Compared
IRDAI
Compliant Partners
*Terms and conditions apply.
Compare premiums for different sum assured amounts.
Review insurers' latest published claim settlement data.
Understand the available riders and their additional costs.
Compare regular-pay, limited-pay, and single-pay options.
Choose a policy term that suits your family's financial responsibilities.
Review policy exclusions and claim requirements before purchasing.
Compare term insurance plans based on premium, life cover, claim settlement information, policy terms, and additional benefits to find a suitable option for your family.
| Rank | Insurance Company | Plans to Explore | Best For | Key Factors to Compare | Action |
|---|---|---|---|---|---|
| 1 | HDFC Life Insurance | Available term insurance plans | Individuals seeking comprehensive life cover | Premium, policy term, riders, claim process | Get a Quote |
| 2 | ICICI Prudential Life Insurance | Available term insurance plans | Buyers comparing protection options | Sum assured, premium options, policy features | Get a Quote |
| 3 | SBI Life Insurance | Available term insurance plans | Individuals exploring different cover options | Premium, eligibility, available riders | Get a Quote |
| 4 | Axis Max Life Insurance | Available term insurance plans | Families planning long-term protection | Policy term, cover options, premium flexibility | Get a Quote |
| 5 | Bajaj Allianz Life Insurance | Available term insurance plans | Buyers comparing policy features | Premium, riders, payment options | Get a Quote |
| 6 | Tata AIA Life Insurance | Available term insurance plans | Individuals comparing high-cover options | Sum assured, policy benefits, exclusions | Get a Quote |
| 7 | Kotak Mahindra Life Insurance | Available term insurance plans | Buyers comparing premium affordability | Premium, term options, eligibility | Get a Quote |
| 8 | Aditya Birla Sun Life Insurance | Available term insurance plans | Individuals seeking flexible protection options | Riders, premium terms, policy conditions | Get a Quote |
| 9 | Canara HSBC Life Insurance | Available term insurance plans | Buyers comparing life insurance providers | Cover amount, premium, claim requirements | Get a Quote |
| 10 | Life Insurance Corporation of India (LIC) | Available term insurance plans | Individuals exploring LIC protection products | Eligibility, cover options, policy terms | Get a Quote |
This table is a starting point for comparison, not a performance ranking. Confirm current product availability, premiums, benefits, and insurer-published claim statistics before purchasing.
Disclaimer: Term insurance premiums and benefits depend on age, health, sum assured, policy term, underwriting, and other factors. Claim settlement statistics should be reviewed alongside claim definitions, exclusions, and policy conditions.
Term insurance is a type of life insurance that provides financial protection for a specified period. You pay premiums according to the policy terms, and if the insured person dies during the covered period, the nominee receives the applicable death benefit.
A standard level term insurance plan generally does not pay a maturity benefit if the policyholder survives the entire policy term. This allows the policy to provide a high amount of life cover for a comparatively affordable premium.
At E-Insure First, you can compare term insurance plans online and evaluate the coverage, premiums, and features offered by different insurers.
If your family depends on your income, a term insurance payout can help them manage household expenses and maintain financial stability after your death.
The death benefit can help your family manage outstanding home loans, personal loans, and other financial liabilities.
Term insurance is designed primarily for protection rather than savings. It can provide substantial life cover for a comparatively low premium.
The payout can help fund future expenses such as education, marriage, and other long-term family goals.
Employer-provided life cover may end when you leave your job. An individual term insurance policy can provide protection independently of your employment, subject to its terms.
Premiums are generally influenced by your age, health, and other underwriting factors when you apply. Buying earlier may help you secure a lower premium for the chosen policy term.
Understanding how term insurance works helps you select appropriate life cover for your family's needs.
Suppose Rahul, a 30-year-old working professional, has a spouse, a young child, and a home loan. He wants to ensure his family can manage expenses if he passes away unexpectedly.
He evaluates his annual income, outstanding liabilities, savings, and future family expenses before deciding how much life cover he needs.
Rahul compares plans from different insurers based on premium, sum assured, policy term, claim settlement information, and available riders.
He also reviews exclusions, medical requirements, and premium payment options.
Rahul selects a plan that aligns with his financial responsibilities and chooses a policy term that covers his major obligations.
He completes the proposal form and discloses his medical history, occupation, and lifestyle information accurately.
The insurer assesses Rahul's application. Depending on his age, health, cover amount, and underwriting requirements, the insurer may request medical tests or additional documents.
After the insurer approves the application and the required premium is paid, Rahul receives the policy document.
If he passes away during the covered term, his nominee can submit a claim for the applicable death benefit under the policy.
This is an illustrative example. Actual eligibility, premiums, and benefits depend on the insurer's underwriting decision and policy terms.
The sum assured remains fixed throughout the policy term. This is a straightforward option for people seeking consistent life cover.
The sum assured increases according to a predefined schedule or policy formula. It may suit individuals whose financial responsibilities are expected to grow.
Some plans refund eligible premiums if the policyholder survives the policy term, subject to the policy's terms. These plans generally cost more than comparable standard term plans.
Where offered, a convertible term plan may allow conversion to another eligible life insurance product under specified conditions. Availability and conversion rules vary by insurer.
A joint-life policy covers two lives under one policy. The payout structure and continuation of cover depend on the product's terms.
Group term insurance is often provided by an employer or organisation. Cover is linked to group membership and may end when the person leaves the group, depending on the policy.
| Aspect | Level Term Plan | Term Insurance with Return of Premium |
|---|---|---|
| Premium | Generally lower | Generally higher |
| Maturity Benefit | Usually no maturity payout | May refund eligible premiums if the policyholder survives the term |
| Cost Efficiency | More cover for a given premium in many comparisons | Costs more for comparable life cover |
| Main Purpose | Financial protection | Financial protection with a premium-refund feature |
| Suitable For | Buyers prioritising affordable life cover | Buyers who prefer a premium-refund feature and accept the additional cost |
Compare the actual premiums and benefits before deciding. A refund of premiums does not necessarily mean the policy provides an investment return.
Estimate your cover based on your income, outstanding loans, dependents, future expenses, and existing assets. A simple income multiple can be a starting point, but it should not replace a complete needs assessment.
Review the latest available insurer-published claim settlement data. Consider the methodology, claim types, and time period alongside the ratio.
Choose a term that covers your major financial responsibilities, such as loan repayment and the period during which your dependents rely on your income.
Compare regular-pay, limited-pay, and single-pay options where available. Check when premiums are due and how long payments must continue.
Optional riders may include accidental death, critical illness, and waiver of premium benefits. Check the covered events, exclusions, waiting periods, and additional premium.
Review the period and conditions under which you can cancel the policy after receiving the policy document.
Check the additional time allowed to pay a missed premium and understand the consequences of non-payment.
Understand the documents, notification process, and claim requirements your nominee will need to follow.
Age is an important pricing factor. Buying when you are younger may help you secure a lower premium, subject to underwriting.
Existing health conditions and medical history can affect underwriting, premiums, and eligibility.
Smoking and tobacco use may increase premiums compared with rates for non-smokers.
Certain occupations and disclosed high-risk activities may affect underwriting and premium calculations.
Higher cover amounts and longer policy terms generally affect the premium.
Insurers may use gender as one of the factors in premium calculation, subject to applicable rules and underwriting practices.
Optional benefits such as accidental death, critical illness, and waiver of premium may increase the total premium.
Before buying term insurance, check the insurer's eligibility requirements.
| Criteria | Typical Requirement |
|---|---|
| Minimum Entry Age | Usually 18 years |
| Maximum Entry Age | Varies by insurer and plan |
| Maximum Maturity Age | Depends on the policy and insurer |
| Minimum Sum Assured | Varies by product |
| Policy Term | Depends on the selected plan and insurer's limits |
| Premium Payment Options | Regular, limited, or single pay where available |
| Medical Examination | May be required based on age, cover amount, health disclosures, and underwriting |
| Income Proof | May be required to assess financial eligibility |
| KYC Documents | Identity, age, and address proof as required |
These are general indications, not universal eligibility rules. Confirm the exact requirements with the selected insurer.
Coverage depends on the policy wording and any optional riders selected.
The nominee receives the applicable death benefit if the insured person dies during the policy term, subject to policy conditions and exclusions.
Accidental death is generally covered under the base death benefit, subject to policy terms. An accidental death rider may provide an additional benefit if the specified conditions are met.
A critical illness rider may pay a benefit if the insured person is diagnosed with a covered illness and meets the rider's conditions.
Some riders may provide a premium waiver or other specified benefit following a qualifying disability event.
Some policies provide an accelerated benefit after diagnosis of a qualifying terminal illness, subject to the policy's definition and conditions.
Every term insurance policy has conditions and exclusions. Read the policy wording carefully before buying.
Suicide claims are subject to specific policy terms and applicable regulations, including provisions that may differ during the initial policy period.
Failure to disclose material information about health, smoking, occupation, or other application details can affect claim assessment under applicable law and policy terms.
Incorrect information provided during the application process may lead to claim disputes or other consequences under the policy and applicable law.
Critical illness, disability, and accidental death riders may exclude certain events or conditions. Review each rider's wording.
Any exclusions expressly stated in the policy wording may affect eligibility for particular benefits.
Important: Do not assume that every term plan excludes the same events. The policy wording and applicable regulations determine how a claim is assessed.
Follow these steps to select suitable life cover:
There is no single best term insurance plan for every buyer. The right policy depends on your age, income, dependents, health profile, budget, and protection requirements.
A young professional may prioritise affordable level term cover. A parent with a home loan and young children may need a larger sum assured and a longer policy term.
Compare the plans against your own financial responsibilities rather than relying only on a generic ranking.
Term insurance may offer tax benefits under applicable provisions of the Income Tax Act, subject to the relevant conditions.
| Section | Potential Benefit |
|---|---|
| Section 80C | Eligible premiums may qualify for a deduction within the overall limit and subject to the applicable tax regime and conditions |
| Section 10(10D) | Eligible policy proceeds may qualify for tax exemption, subject to statutory conditions |
Tax treatment depends on the policy, the applicable tax regime, and the law in force. Confirm the current rules with a qualified tax professional.
Buying term insurance online can help you compare available options before selecting a policy.
Share your age, income, dependents, outstanding loans, and preferred cover amount.
Review available plans based on premiums, sum assured, policy term, claim settlement information, and rider options.
Choose the plan that aligns with your family's financial needs and your budget.
Provide accurate personal, health, lifestyle, occupation, and nominee details.
Attend medical tests if required by the insurer as part of underwriting.
Check the benefits, exclusions, premium schedule, and policy conditions before completing the purchase.
Once the insurer approves the proposal and the required payment is completed, review your policy document and keep it accessible to your nominee.
The nominee or claimant should follow the insurer's claim process.
Notify the insurer about the policyholder's death and provide the policy details.
Fill out the claim form and provide the required information.
Provide the death certificate, policy details, claimant identification, bank details, and other requested documents.
The insurer reviews the documents and may request further information where necessary.
The insurer assesses the claim and, if approved, pays the admissible benefit according to the policy and applicable regulations.
The insurer may request the following documents:
The exact requirements depend on the circumstances of the claim and the insurer's process.
Choosing life cover can be challenging when insurers offer different premiums, policy terms, and additional benefits. E-Insure First helps you compare these factors so you can make an informed decision.
Review available policies based on premium, sum assured, policy term, and features.
Evaluate your family's financial responsibilities and choose a cover amount suited to your circumstances.
Understand the additional protection available and the costs and conditions attached to each rider.
Use insurer-published claim data alongside policy wording, exclusions, and claim requirements.
Understand premium payment options, medical requirements, and important policy conditions before buying.
Compare suitable options and complete the application process with a clearer understanding of your chosen policy.
Ready to Protect Your Family's Financial Future?
With E-Insure First, you can compare term insurance options and work towards choosing life cover that suits your family and budget.
Share your experience and feedback to help us serve you better.
Your feedback means a lot to us.
Compare plans from 35+ of India’s leading insurers in under 2 minutes. Free, clear comparison with no pressure. Get guidance when you need it.