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Popular Life Insurance Plans In India 2021

Published On Aug 02, 2021 10:30 AM By InsuranceDekho

Besides protecting you from unanticipated situations, a life insurance policy acts as a long-term investment with guaranteed returns. Although insurance might help ensure cash flow during difficult times, it is also true that poorly designed plans can be useless in a crisis. Therefore, it can be beneficial to draw up a list of your criteria and compare all insurance policy offers from significant and reliable insurance providers. The following article contains the list of the most popular life insurance plans which can be considered while purchasing a policy.

Popular Life Insurance Plans In India 2021

Check out some of the most popular life insurance plans that can be purchased in 2021 - 

1. SBI Life eShield

SBI Life eShield is an online insurance plan that offers good premium returns. Its main purpose is to keep your family safe and financially secure after your death. However, at maturity, the plan does not provide any survival advantages. The insurance company offers two plan structure options under this plan: level cover, where the sum assured remains constant during the policy term, and increasing cover, wherein the sum assured increases by 15% after every fifth term. Furthermore, both coverage choices provide an expedited terminal illness benefit. The accidental death benefit rider and the accidental partial and permanent disability benefit rider are two additional rider options. The age range for increasing and level coverage begins at 18 years and ends at 60 years for increasing coverage and 65 years for level coverage.

2. HDFC Life Click 2 Protect Plus Plan

HDFC Life's Click 2 Protect Plus term insurance plan provides comprehensive security for your loved ones from life's uncertainties. This plan offers four coverage options: Income Option, Income Plus Option, Life Option, and Extra Life Option. The policy has two premium payment options: a single premium payment option and a regular premium payment option. Additional rider options, such as an accidental disability benefit or a critical illness benefit, can be added to your plan to make it more personalised. 

3. LIC Jeevan Pragati Plan

Jeevan Pragati is a non-linked endowment life insurance plan from LIC that combines life insurance with savings. The plan is eligible for a 5-year automatic increase in risk coverage during the policy tenure. Moreover, under the LIC's Jeevan Pragati Plan, policyholders can also get a loan. The premiums can be paid in monthly, quarterly, half-yearly and annual instalments. 

4. ICICI Prudential iProtect Smart Plan

The ICICI Prudential iProtect Smart life insurance plan has been designed to handle your family's financial problems in the case of your death. It also covers terminal illnesses and disabilities, as well as provides special incentives to women. You can choose the degree of protection provided by iProtect Smart at the time of policy inception. Furthermore, the policy offers to cover people up to the age of 99. The death benefits might be paid as a lump payment, monthly instalments, increasing income, or a lump sum with monthly income.

5. PNB MetLife Mera Term Plan

Mera Term Plan is a custom-made life insurance policy that provides full coverage for your family in the event of your death. Riders such as critical illness coverage, serious illness coverage, accidental disability benefit, and accidental death benefit can be acquired to create a customised plan. The age range for eligibility is 18 to 65 years old, with a policy length of 10 to 81 years. Payments can be made in the form of a lump payment plus regular monthly income, a lump sum plus increasing monthly income, or a lump sum plus regular monthly income until your kid reaches the age of 21 years. 


Although the plans mentioned above enjoy popularity due to their beneficial features, it must be noted that not all people have the same needs and requirements. Hence, choosing the best plan according to your wants and wishes with adequate coverage and tenure is essential. 

You may also like to read - What Is The Benefit of Purchasing Coronavirus Term Insurance?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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