10 Best Term Insurance Policies in India 2025

Term insurance has become a necessity in 2025, especially in uncertain financial times where long-term security has become increasingly important. It is an insurance option that provides great financial security to the family’s future goals at a low cost. Today’s insurance companies are providing better claim processes, useful rider benefits and customized plans according to personal needs. This article includes 10 such trusted and popular best term insurance plans, which are becoming the first choice of people this year.

What is Term Insurance and Why is it Important?

Term insurance is a life insurance plan that provides coverage for a fixed period. During this period, if the insured person dies, the nominee gets the entire sum assured. But if the insured person survives till the completion of the policy term, then no amount is received. This is why it is called a “pure protection plan”.

In 2025, term insurance has become smarter and more personalized than before. Insurance companies are now also offering features like flexible plans, digital claim process and health-based premiums. This plan provides high coverage at a low premium, making it one of the most economical ways to ensure your family’s financial security.

Top 10 Best Term Insurance Plans in India

S.No	Term Insurance Plan	Claim Ratio (2023–24 Avg.)	Max Cover Age	Key Riders Available
1	LIC Tech Term Plan	98.5%	80 years	Accidental Death
2	HDFC Life Click 2 Protect Super	99.5%	85 years	Critical Illness, Accidental Death
3	Max Life Smart Secure Plus	99.5%	85 years	Critical Illness, Accidental Death, Waiver of Premium
4	ICICI Pru iProtect Smart	97.9%	85 years	Critical Illness, Accidental Death, Waiver of Premium
5	Tata AIA Sampoorna Raksha Supreme	99.0%	100 years	Accidental Death, Critical Illness
6	SBI Life eShield Next	97.6%	85 years	Critical Illness, Accidental Death
7	Bajaj Allianz Smart Protect Goal	99.1%	99 years	Critical Illness, Waiver of Premium
8	Aditya Birla DigiShield Plan	98.7%	85 years	Terminal Illness
9	PNB MetLife Mera Term Plan Plus	98.5%	99 years	Critical Illness, Accidental Death
10	Kotak Life e-Term Plan	98.6%	75 years	Accidental Death

Top 10 Best Term Insurance In India: Overview

An overview of the top 10 term insurance plans in India are mentioned below:

1. LIC Tech Term Plan

LIC Tech Term Plan is a pure protection plan which is available online only. It does not provide maturity benefit, but in case of death, the nominee is given the entire sum assured. Low premium, accidental rider option and the trust of LIC make it a reliable option.

Key Features

• Plan can be purchased online only (no agent required)
• Different premium rates for smokers and non-smokers
• Guaranteed sum assured in case of death
• Option to return policy within 30 days
• Lower premium than other offline LIC plans
• NRIs can also buy (medical test has to be done in India)

Benefits

• Death Benefit: In case of death during the policy term, the nominee gets a fixed amount
• Optional Rider: accidental death benefit rider is available
• Tax Benefits: Exemption under section 80C on premium and 10(10D) on claim amount
• Digital Journey: The entire process is online fast, easy and paperless

Criteria	Details
Entry Age	18 to 65 years
Maximum Coverage	Up to 80 years
Policy Term	10 to 40 years
Minimum Sum Assured	₹50,00,000
Premium Payment	Yearly only
Who Can Buy	Indian citizens (self-only policy)

Read Also: LIC Case Study

2. HDFC Life Click 2 Protect Super

This HDFC Life plan is for those who want more than just regular term insurance. Along with protection, it also has rider options and great customisation features, which make it different from other plans.

Key features

• Three options Life, Life Plus, and Life Goal, to suit everyone’s needs
• Option to increase coverage in the future (with Life Goal)
• Whole Life cover is also available protection up to 100 years
• Useful riders like critical illness, accidental death and waiver of premium can also be added
• Premium rates are adjusted based on health and lifestyle

Benefits

• Flexible Coverage: Plan can be adjusted as per life stage
• Critical Illness Rider: Upfront payout in case of critical illnesses
• Accidental Death Rider: Additional protection in case of death due to accident
• Waiver of Premium: Waiver of future premium in case of disability.
• Tax Benefit: Exemption under section 80C and 10(10D)

Criteria	Details
Entry Age	18 to 65 years
Maximum Coverage	Up to 100 years
Policy Term	5 to 85 years (Life cover for whole life option)
Minimum Sum Assured	₹50,00,000
Premium Payment	Annual, Semi-Annual, Monthly
Who Can Buy	Indian citizens (self-only policy)

Read Also: HDFC Bank Case Study

3. Max Life Smart Secure Plus Plan

This plan from Max Life is especially for those who want a simple but reliable term insurance with more options. Along with long-term security, it also offers some benefits that can come in handy in emergencies – like critical illness cover, premium waiver, and accidental benefit rider.

Key features : 

• Two options Life Cover and Income + Life Cover
• Coverage of up to 64 diseases in Critical illness rider
• Extra payout in Accidental death rider other than sum assured
• Zero-cost term option with premium refund at policy maturity
• Return of premium can also be selected to reduce premium

Benefits : 

• Along with financial protection, health cover is also available
• Facility of refund of entire premium in Zero cost option
• Ideal for long policy term (more than 40 years)
• Policy can be made stronger by adding multiple riders
• Tax benefit is available under section 80C and 10(10D)

Criteria	Details
Entry Age	18 to 65 years
Maximum Coverage	Up to 85 years
Policy Term	10 to 67 years
Minimum Sum Assured	₹25,00,000
Premium Payment	Yearly, Half-Yearly, Monthly
Who Can Buy	Indian residents only

4. ICICI Pru iProtect Smart

This plan from ICICI Prudential is a practical and multi-featured option for those who don’t want to limit themselves to just basic protection. This plan not only offers life cover, but also covers multiple aspects like critical illness, disability and accidental death – all in a single policy.

Key features : 

• Four protection options Life, Life Plus, Life & Health, and All-in-One
• Coverage of over 60 critical illnesses without asking for hospital bills
• Accelerated Terminal Illness Benefit automatically included
• Extra payout from Accidental death benefit option
• Consistently high claim settlement ratio.

Benefits : 

• Protection of both health and life in one plan
• Critical illness payout is available even if the policy continues
• All-in-One option covers every major risk
• Seamless digital journey for medicals and documentation
• Tax benefits under Section 80C, 80D and 10(10D)

Criteria	Criteria
Entry Age	18 to 65 years
Maximum Coverage	Up to 99 years
Policy Term	5 to 81 years
Minimum Sum Assured	₹25,00,000
Premium Payment	Yearly, Half-Yearly, Monthly
Who Can Buy	Indian residents only

Read Also: ICICI Bank Case Study

5. Tata AIA Sampoorna Raksha Supreme

This plan of Tata AIA is a term insurance that balances flexibility, lifetime coverage and health benefits. In this, you can add not only protection but also facilities like income benefit, return of premium and critical illness. This plan is a very strong option for long-term family security.

Features : 

• Four options Life Option, Life Plus, Life Income, and Credit Protect
• Option for whole life cover – protection up to 100 years
• Cover for 50+ diseases under critical illness rider
• Option for return of premium – money back on maturity if there is no claim
• Online medical consultation and wellness services also included

Benefits : 

• Pure protection along with optional income and return benefit
• Long-term protection ideal for legacy planning
• Can add accidental death and terminal illness cover
• Tata AIA’s strong claim settlement record and digital process
• Tax exemption under Section 80C and 10(10D)

Criteria	Details
Entry Age	18 to 65 years
Maximum Coverage	Up to 100 years
Policy Term	10 to 40 years (Life cover for whole life option)
Minimum Sum Assured	₹50,00,000
Premium Payment	Annual, Semi-Annual, Monthly
Who Can Buy	Indian citizens (self-only policy)

6. SBI Life eShield Next

SBI Life eShield Next is a pure term insurance plan that offers life cover along with flexibility and smart protection keeping in mind future responsibilities. This policy is specially designed to financially cover unplanned life events. The cover increases automatically as the life stage increases. There are three options available: Level Cover, Increasing Cover and Level Cover with Future Proofing Benefit which allows customizing the plan as per the need.

Key Features :

• Flexibility with three plan options (Level, Increasing, Future Proofing)
• Accelerated Terminal Illness Benefit
• Death Benefit in lump sum or monthly instalments
• Rider options like Accidental Death Benefit
• Tax exemption u/s 80C and 10(10D)

Criteria	Details
Entry Age	18 years
Maximum Entry Age	65 years
Policy Term	10 to 85 years (max maturity: 85 yr)
Minimum Sum Assured	₹50,00,000
Premium Payment	Regular / Limited / Single Pay
Claim Payout	Lump sum / Monthly / Hybrid

Read Also: SBI Case Study

7. Bajaj Allianz Smart Protect Goal

This plan of Bajaj Allianz has been designed keeping in mind the modern needs. Not only life cover, but benefits like health and return of premium are also available. There is an option of Zero Cost Term Insurance, which means along with protection, money can also be returned on maturity like an investment.

Key Features : 

• 4 options: Life Cover, Child Education Extra Cover, Return of Premium, and Increasing Cover
• Whole life coverage option up to 99 years
• Comprehensive cover of 55 critical illnesses
• Zero cost term option full premium returned on policy maturity
• Accidental permanent total disability benefit included

Benefits : 

• All-round plan covering both critical illness and disability
• Return of premium option for those who want maturity value
• Ideal for long-term financial planning
• Add-ons like spouse cover and waiver benefit available
• Tax saving under sections 80C and 10(10D)

Criteria	Details
Entry Age	18 to 60 years
Maximum Coverage	Up to 99 years
Policy Term	10 to 99 years
Minimum Sum Assured	₹50,00,000
Premium Payment	Yearly, Half-Yearly, Monthly
Who Can Buy	Indian residents (Self/spouse option available)

Read Also: Bajaj Auto Case Study

8. Aditya Birla Sun Life DigiShield Plan

Aditya Birla DigiShield Plan is a customisable term insurance plan that offers over 10 plan options to suit different life needs. This policy is a perfect combination of flexibility and protection whether your preference is pure life cover, critical illness cover or income payout. The highlight of this plan is its ‘Whole Life Cover’ option, which provides protection up to the age of 100 years.

Key Features:

• 10+ plan options like Level Cover, Income Benefit, Whole Life Option
• Critical Illness, Terminal Illness and Accidental Death Riders available
• Income benefit payouts (options like monthly income)
• Life stage benefit – As soon as a new phase comes in your life (marriage, childbirth), coverage can be increased
• Tax benefits as per Section 80C & 10(10D)

Criteria	Details
Entry Age	18 years
Maximum Entry Age	65 years
Policy Term	10 to 85 years (or up to age 100)
Minimum Sum Assured	₹25,00,000
Premium Payment	Regular / Limited / Single Pay
Claim Payout	Lump sum / Monthly / Hybrid

9. PNB MetLife Mera Term Plan Plus

PNB MetLife Mera Term Plan Plus is a comprehensive and flexible term insurance policy that ensures long-term financial security for you and your family. The most special feature of this plan is the option of spouse cover, which means you can cover your spouse in a single policy. Also, this plan offers options like return of premium and increasing life cover, which gives you personalized protection at every turn of life.

Key Features:

• Spouse coverage option in a single policy
• Options like Return of Premium (ROP) and Increasing Life Cover
• Accidental Death Benefit, Serious Illness, and Waiver of Premium riders available
• Claim payout flexibility lump sum, monthly income or combination
• Tax exemption on premiums (Section 80C & 10(10D))

Criteria	Details
Entry Age	18 years
Maximum Entry Age	60 years
Policy Term	From 10 to 99 years old
Minimum Sum Assured	₹25,00,000
Premium Payment	Regular / Limited / Single Pay
Claim Payout	Lump sum / Monthly / Hybrid

Read Also: Punjab National Bank (PNB) Case Study

10. Kotak Life e-Term Plan

Kotak e-Term Plan is a pure protection plan that gives your family financial independence in case of your sudden death. The biggest feature of this plan is its flexibility. You can choose the cover type as per your requirement: Level Cover, Increasing Cover or Step-down Cover. There are also multiple payout options and optional riders available so that the plan easily aligns with your lifestyle.

Key Features:

• Three cover options: Level, Increasing & Step-down
• Claim payout flexibility: Lump sum, monthly income or both
• Optional riders for Critical illness, Accidental Death Benefit and Permanent Disability
• Lower premium rates if you buy online
• Tax benefits under Sec 80C and 10(10D)

Criteria	Details
Entry Age	18 years
Maximum Entry Age	65 years
Policy Term	5 to 40 years
Minimum Sum Assured	₹25,00,000
Premium Payment	Regular / Limited / Single Pay
Claim Payout	Lump sum / Monthly / Hybrid

Read Also: Kotak Mahindra Bank: Business Model and SWOT Analysis

Conclusion

In 2025, term insurance is more than just financial protection—it is a key component of smart financial planning. Choosing the right term insurance plan has become easier and more convenient than ever before. You just need to make the right choice based on your needs, age and lifestyle. If your goal is to secure your family’s financial future, a good term insurance plan is essential. It is advised to consult a financial advisor to determine your current financial position and future objectives and then choose a term insurance plan accordingly.

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