Top Term Life Insurance Plans in India (2025)

Insurer	Plan Name	Entry Age	Sum Assured Range	Claim Settlement Ratio (FY23)	Key Features
ICICI Prudential	iProtect Smart	18–65 years	₹50 Lacs – ₹20 Crores	97.82%	High coverage up to age 99, critical illness rider, flexible payout options.
HDFC Life	Click 2 Protect Super	18–65 years	₹50 Lacs – ₹20 Crores	98.66%	Comprehensive coverage, multiple payout options, add-on riders for critical illness and disability.
Max Life	Smart Secure Plus	18–60 years	₹25 Lacs – ₹20 Crores	99.34%	Return of premium option, critical illness and disability riders, affordable premiums.
Tata AIA	Sampoorna Raksha Supreme	18–65 years	₹25 Lacs – No Limit	99.01%	Whole life coverage up to age 100, multiple riders, high claim settlement ratio.
Bajaj Allianz	Life eTouch II	18–65 years	₹50 Lacs – No Limit	98.48%	Accidental death benefit, waiver of premium on disability, critical illness cover.
Kotak Life	e-Term Plan	18–65 years	₹25 Lacs – No Limit	98.82%	Affordable premiums, optional riders, flexible policy terms.
LIC	New Tech-Term	18–65 years	₹50 Lacs – No Limit	98.74%	Trusted government-backed insurer, flexible premium payment options, optional accident benefit rider.
SBI Life	eShield	18–65 years	₹20 Lacs – ₹20 Crores	97.05%	Multiple plan options, accidental death benefit rider, increasing cover option.
Aditya Birla Sun Life	ABSLI Protect@Ease Plan	18–65 years	₹50 Lacs – ₹10 Crores	98.04%	Quick online issuance, critical illness rider, flexible policy terms.

Key Considerations When Choosing a Life Insurance Plan

• Claim Settlement Ratio (CSR): Indicates the insurer's reliability in settling claims. A higher CSR suggests better claim settlement performance.

• Premium Affordability: Compare premiums for the desired sum assured and policy term to ensure it fits your budget.

• Policy Term & Coverage: Ensure the policy term aligns with your financial obligations and the coverage amount is sufficient for your dependents.

• Riders & Add-ons: Consider additional benefits like critical illness cover, accidental death benefit, and waiver of premium riders for enhanced protection.

• Insurer's Reputation: Evaluate the insurer's market reputation, customer service, and financial stability

Sample Premium Comparison for ₹1 Crore Sum Assured (30-Year-Old Male, Non-Smoker, 30-Year Policy Term)

Insurer	Monthly Premium (Approx.)	Notable Features
ICICI Prudential	₹598	Critical illness rider, flexible payout options.
HDFC Life	₹520	Multiple payout options, comprehensive coverage.
Tata AIA	₹476	Whole life coverage up to age 100, high CSR.
Max Life	₹500	Return of premium option, affordable premiums.
LIC	₹600	Government-backed insurer, flexible premium payment options.