Top 5 Online Term Insurance Plans in India

Everyone is looking to secure the future of their family and in order to achieve this objective, you are advised to buy a term life insurance plan. A term plan pays the Sum Assured to your family in case of your unfortunate demise during the term of the policy. Considering the changing needs of the customers, life insurance companies have come up with a customized range of term insurance plans. You only need to pick the right term plan that suits your needs. To help you make the right choice for securing your family’s future, we bring to you the list of top online term plans that are available with custom-built features.

Top Online Term Insurance Plans in India

1. Max Life OTP Plus Plan
2. TATA AIA Life Raksha Supreme Plan
3. ICICI Pru iProtect Smart Plan
4. HDFC Life Click2Protect 3D Plus Plan
5. Bharti AXA Life protect Plan

Let’s go through some of the top Online Term Insurance Plans in India.

1. Max Life Smart Term Plan

Max Life Smart Term Plan secures the financial future of your family & loved ones, in the event of your death, disease, and disability. This term plan offers basic life cover, monthly income & increasing monthly income. With this term plan, you will get comprehensive life coverage till 85 years of age. Max Life has the highest claim settlement ratio of 98.74% in FY 2018-19.

2. TATA AIA Life iRaksha Supreme Plan

Tata AIA iRaksha Supreme Plan is an online term plan that offers life cover at an easily affordable price. This online term plan ensures that your family’s dreams are not compromised in case of any eventuality. This plan comes with the option to choose your premium payment mode. This policy offers life cover till 80 years of age. TATA AIA Life has a claim settlement ratio of 99.07% in FY 2018-19.

3. ICICI Pru iProtect Smart Plan

ICICI Pru iProtect Smart Plan is a term plan that secures your family’s well-being when you are not around. This term plan offers coverage against 34 listed critical illnesses. Upon buying this plan, you will have an option to get additional coverage against accidental death. iProtect term plan from ICICI Prudential provides 3600 protection from life’s uncertainties. ICICI Prudential Life has a claim settlement ratio of 98.60% in FY 2018-19.

4. HDFC Life Click2Protect 3D Plus Plan

HDFC Life Click2Protect 3D Plus Plan is a term insurance plan that ensures comprehensive protection for your family at an affordable price. Under this plan, you will get protection against uncertainties like death, disease, disability, terminal illness, accident, etc. You will get a discount on premiums upon buying the term plan online. This term plan has 9 different plan options to secure your family’s financial needs. HDFC Life has a claim settlement ratio of 99.03% in FY 2018-19.

5. Bharti AXA Life eProtect Plan

Bharti AXA Life eProtect Plan is an affordable term plan that ensures financial protection for loved ones, in the event of your demise during the policy term. This plan provides additional cover with the help of accidental death benefits and hospital cash riders. Bharti AXA Life has a claim settlement ratio of 97.28% in FY 2018-19.

Conclusion

The term plans mentioned above are determined on the basis of the wide coverage and claim settlement ratio of the respective life insurance companies. You can compare online term insurance plans and pick the one that meets your needs and buy it now!