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Popular Term Insurance Policies In 2021!

Term insurance, often known as 'Pure Risk' insurance, provides financial security to your family in the event of your untimely death. Period insurance policies pay out an amount assured to the beneficiary of the life assured in the event of the life assured's untimely death during the policy term. These policies provide life insurance for a set period of time and have low premiums.

Best Term Plans In India

For your consideration, the following are some of the top term plans available in the Indian market.

  • Life Shield Plan by Aditya Birla Sun Life Insurance (ABSLI)

Term life insurance is the most cost-effective type of life insurance since it gives a significant level of coverage for a little payment over a set period of time. If the life insured dies during the policy period, the nominee is financially protected.

ABSLI Life Shield Plan Advantages

The ABSLI Life Shield Plan has the following features:

1. Premium Flexibility: The ABSLI SecurePlus Plan gives you the option of deciding how much you wish to spend on premiums over the course of the premium-paying cycle. Your Sum Assured is decided by your age at the time of application and the amount of premium you agree to pay in a given policy year.

2. Option for an Income Benefit: Depending on your circumstances, the ABSLI SecurePlus Plan provides you with two Income Benefit Options.

3. Built-in Accidental Death Benefit: If the life assured dies as a result of an accident within the policy term, we will pay a Reduced Accidental Death benefit.

  • Bajaj Allianz Life Secure

Bajaj Allianz Life Insurance has a solution for your problem: Bajaj Allianz Life Secure is a unique non-linked, non-participating, individual, life, limited premium payment whole life savings plan that provides entire protection until your 100th birthday, allowing you to live worry-free for the rest of your life.

Bajaj Allianz Life Secure's Benefits

The following are the primary advantages of the Bajaj Allianz Life Secure Plan. The following are some of the plan's primary advantages:

Optional Death Bonus

The three coverage options are listed below.
Option 1: Death Benefit in addition to Accidental Death Benefit
Option 2: Death Insurance
Option 3: Death Benefit or Premium Waiver combined with Accelerated Critical Illness Benefit.

  • HDFC Life Click2Protect Life Plan

With changing aspirations and lifestyles, it is more important than ever to protect and secure your family's future from life's unpredictable events. HDFC Life's Click 2 Protect Life is an intelligent term plan that offers benefits based on your changing lifestyle and life stage demands, ensuring that you are always protected.

The HDFC Life Click2Protect Life Plan's Highlights

Some of the most critical aspects of the plan are as follows:

1. Provides comprehensive financial security for you and your family.
2. To obtain the proper coverage for you, you can choose from three different plan options.
3. As you get older, Auto balances your Death and Critical Illness benefits.
4. If you choose the Income Plus Option, you can start receiving income checks at the age of 60.
5. You can purchase coverage for the rest of your life. Premiums will be waived in the event of a serious disease diagnosis.

  • ICICI Pru iProtect Smart

ICICI Pru iProtect Smart has been our most popular online plan since its launch. This term plan protects both you and your family from catastrophic disease (optional). One in every three consumers opts for critical sickness insurance. You have four compensation alternatives accessible to you.
ICICI Prudential's Best Protection Plan is ICICI Pru iProtect Smart.

The following are some of the benefits of investing in the ICICI Pru iProtect Smart The Best Protection Plan:

Maturity: When the policy period expires, no payment is made. If the policyholder lives to the end of the term, the insurance will be cancelled and no compensation will be made.

Broad Coverage Offers: The greatest time to acquire life insurance is right now. Because you can buy life insurance today at a low rate and for as long as you choose. You will be insured under our policy until the age of 99.


The majority of customers start their term insurance search by comparing prices. Without a doubt, the price is critical. On the other hand, focusing solely on the expense of a term insurance policy may jeopardise your family's financial security. We've compiled a list of term plans that will highlight the best term plans available to you in order to protect your family's future.

Also read- How do I check The Status Of My Life Insurance Policy Online?

What Is Postal Life Insurance And How Does It Work? How Do I Find Out If My PLI Is Active?

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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Find the right life insurance for you
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