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Life Insurance, Simplified.

Premiums as low as 18/day for
sum assured of 1 crore
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Useful Tips To Buy Life Insurance
Lower Premium for Early Birds

Life insurance premiums are calculated based on an individual’s age. The younger you are, the lower the premiums charged. Buy a policy early to avail a long-term, low-cost cover to protect your immediate and extended family

Calculate Your Needs

When estimating how much coverage you need, consider all your present as well as future financial obligations, as well as those of your dependents. Life insurance termplans are the most popular protection plans, offering high coverage at low premiums.

Brace for Inflation

When buying term insurance plans, account for inflation! A cover of Rs.50 lakh may look sufficient today but may not cut it 20 years from now. When estimating how much you should cover yourself for, consider how rising prices will affect future financial requirements.

The Net's Your Best Bet

Online life insurance policies are the most economical and convenient life insurance products you can opt for. By cutting out the middlemen i.e. the agents, these policies are more easily accessible and offer time-saving features like online renewability.

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Your Life insurance premium is determined by

Your Current Age

The younger you are, the lower your premiums will be. Premiums increase with age, as does insurer's level of risk. Make use of your youth, apply quick!


The battle of the sexes extends to the life insurance premium battlefield too. Since women on an average live longer than men, their insurance premiums are lower by a tiny margin.

Smoking Preference

Cigarettes? Chewing tobacco? Snuff? Insurers calculate premiums based on the risk they undertake while insuring your health, which tobacco destroys. We aren't preaching, just telling you what to expect.

Tenure of Coverage

Insurers undertake greater risk the longer they cover you. Premiums on short-term policies are more expensive, but long-term life insurance plans have more payments.

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How much of Life insurance coverage a person should get depends on

(Multiplying your current annual income by 10 is a useful way to determine coverage.)

Number of Dependents

The more dependents you have, the higher the life insurance pay-out will have to be, to take care of them after you're gone.

Your Current & Future LifeStyle Expenses

For those you leave behind to maintain a comfortable lifestyle, calculate your expenses and get a life insurance policy with a matching pay-out.

Your outstanding Liabilities like home loan, car loan, etc

If you're leaving your house, car and business to your dependants, you may also be leaving them your debt through unpaid house and car loans. Arrange to clear your debts, or to have an insurance pay-out large enough to clear it for you.

Your Investments /Savings

If you're confident that you have ample savings and investments to carry your dependents through their lives without you to provide for them, choose a policy with a lower pay-out and consequently lower premiums. If not, do the opposite.

What is Life Insurance?
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Read Life Insurance news or Enjoy it on the go Google Play

  • Edelweiss Tokio Life unveils a new online insurance plan

    Edelweiss Tokio Life Insurance introduced a comprehensive online insurance plan which provides life cover and an option to take care of critical illnesses.

    Speaking at the release of the product titled ‘Total Secure+’, the company’s representative said that this policy will continue to offer the death benefit. However, the sum a beneficiary receives would be a reduced amount as the policy includes the sum assured already paid.

    This policy, which is a non-linked and non-participating plan, comes with three different options like Life Cover, Life Cover with Basic Health including seven critical illnesses, and life protection with comprehensive health cover, which comprises of over 35 ailments.

    Edelweiss Tokio is a joint venture between Edelweiss, a diversified Indian financial conglomerate and Tokio Marine, one of the pioneers of Japanese insurance industry. The company was founded in 2011 and has Mr. Deepak Mittal as its chief executive.

    20th October 2016

  • Good news for Life Insurance industry as growth hits a new high

    Life Insurance industry in the country continued to post some impressive growth number during the second quarter of FY 2016-17 which ended in September.

    According to a report, it is being said that private insurance companies in particular have witnessed a 30% year-on-year growth.

    A report termed the Kotak Institutional Equities Research report, suggested that Life Insurance Corporation (LIC)’s growth was comparatively lower than private players, which stood at 29%.

    Senior officials in the insurance industry are of the impression that most of the growth has been seen due to the rise in equity markets, which means a major contributor for growth are ULIPs.

    The report also suggests that Bajaj Life seen the highest growth (80%) of all the private insurance providing firms in the country.

    Overall, the life insurance industry charted a growth of 20% in Annual Premium Equivalent (APE) during the first half of the 2016-17 financial year.

    20th October 2016

  • 61 Percent Rise in the New Business Premiums of Life Insurers

    Insurance Regulatory and Development Authority (IRDA) has observed a 61 % rise in the new business premiums of Life insurance companies from Sep 2015 to Sep 2016. The present value of total sales of LIC peaked up by 65.3 % when compared to the sales figures of the previous year. The remaining 23 insurers in the country have amassed Rs 5, 649.92 crores, which makes a 23 % rise from the last year’s sales. SBI Life’s new business premium doubled from 2015 while HDFC Standard crossed Rs 897 crores by this year. But the new business premiums of ICICI Prudential Life witnessed a negative trend.

    19th October 2016

  • Bajaj Allianz to come up with an Insurance Cover for Social Media Activities

    In a move to further modernize and enhance the scope of insurance policies, Bajaj Allianz has devised a scheme that will take care of the consequences arising out of the social media activities of individuals. According to the Managing Director of Bajaj Allianz Tapan Singhal, the insurance product will compensate for any of the third party damages arising out an individual’s actions on the web. The idea behind this concept is to insure a person’s social media activities much like the the cyber insurance cover for corporates. The policy will be designed to cover cyber theft, hacking, phishing and the like.

    18th October 2016

  • Centre to soon amend the Employees State Insurance Act

    Employees in the formal sector will soon be able to select health insurance policies from a wide range of products available in the market. Currently under the Employees State Insurance Corp (ESIC) scheme, it is compulsory for all individuals earning above Rs 21,000 to have a health insurance cover. According to sources, the Labour Ministry is expected to come up with a bill for amendment of Employees State Insurance Act 1948. Earlier this year, the finance minister had also proposed an option that allows employees to choose from different health insurance products recognized by the IRDA. The Labour Ministry will recommend Union Cabinet to approve this bill in the next Parliament session to be held in November.

    18th October 2016

  • Bank of Maharashtra Has Renewed Its Tie-up With United India Insurance

    The state-run Bank of Maharashtra (BoM) recently announced that it has renewed its tie-up with United India Insurance Company (UIIC). The corporate agency tie-up between the two companies will now enable customers to purchase any product from the suite of products offered by United India Assurance, at any of 1,896 Bank of Maharashtra branches across India. Customers will be able to buy a variety of insurance products like travel, personal accident, fire, motor, health and marine insurance from any of BoM branches.

    17th October 2016

  • Government Urges LIC To Support Startups with Finances

    The government of India has urged Life Insurance Corporation of India to offer financial support to startups. In addition to investment from pension funds and insurance companies, the government also hopes to see corporate India taking on social responsibility and helping out startup incubators and startups. The secretary of the Department of Industrial Policy and Promotion, Ramesh Abhishek, recently revealed that the money must be leveraged for startups and that state-run LIC manages over Rs.15 lac crore of assets that can be used to support the startup industry and help it find its feet among the bigger players.

    17th October 2016

  • Provident Fund Subscribers Covered under Life Insurance Up To Rs 6 lakh

    Starting Oct 1, all individuals buying new insurance policies will mandatorily be required to open an e-insurance account. For new insurers, the insurer will help facilitate the process, but existing policyholders shall have to get the account opened themselves.

    This regulation has been implemented for providing added convenience to the policyholder. Once the policyholder has fulfilled the KYC requirements individuals can safely store varied insurance policies under one account, retrieving which can become easy and convenient at the time of filing claim. Mr. S V Ramanan, CEO, CAMS Insurance Repositories Services said that over Rs 5,000 crore of maturity claims are simply lying with insurers across the sector due to policyholders having misplaced their policies, which must compulsorily be presented at the time of making a claim.

    The e-insurance arrangement shall also prove to be of great help to safeguard documents during natural disasters, given that applying and obtaining duplicate copies of insurance policy documents can be a task. Also, since duplicating an e-policy is not easy, this will also help keep in check cases of policy related fraud. Not only can policyholders view their policy details on the e-insurance account but will also be able to do much more like view scanned images of proposal forms and terms & conditions of the policy,

    The opening and maintaining of an e-insurance account is completely free of charge for policyholders. This arrangement in turn will allow insurance companies to save on costs of printing and mailing physical insurance documents.

    In order to open an e-insurance account, policy holders must submit an identity proof (PAN or Aadhaar Card), an address proof, their email ID, and their cellphone number.

    13 October 2016

  • P2P Lenders To Offer Insurance Cover To Borrowers

    Peer-to-peer lending platforms like i-lend, MicroGraam, LenDenClub and many others have tied up or are considering to tie-up with insurance providers to provide borrowers with cover against unexpected events like an accident or death, which can disrupt loan repayments. [email protected] lenders are joining hands with insurers like ICICI Prudential Life Insurance and HDFC Life Insurance to offer these benefits. Currently, the platform consists of about 14,000 borrowers and has disbursed loan claims worth Rs 22 crore till date.

    13th October 2016

  • SBI To Sell 5% Stake in Life Insurance Arm

    SBI (State Bank of India) may be selling a 5% stake in SBI Life Insurance to private equity funds.

    SBI Life Insurance is a joint venture between SBI and BNP Paribas Cardiff, with SBI holding a 74% stake in the company.

    Sources claim the sales are already being negotiated, with the sale projected to net the bank close to Rs.1,950 crore.

    The bank is seeking a valuation almost three times the embedded value of Rs.13,000 crore.

    It is estimated that the sale will take place during the third quarter, but details are still sketchy.

    The reason for the sale is purported to be on account of the life insurer planning to go public. In light of this, it would be similar to the recent ICICI Prudential share sale to private investors before the insurer went public.

    12th October 2016

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