The New Year has dawned and the conception of life-changing resolutions is in full force. If in 2015, you plan to invest better, enhance your savings and commit to the well-being of your family’s financial future, then subscribing to a good life insurance policy should be on top of your agenda. Your search for the best options for life insurance in 2015 ends here- with our comprehensive listing of the best life insurance policies in India, through 2015 and beyond!
New Jeevan Anand (LIC)
As per the latest perception of what a life insurance policy should be, the New Jeevan Anand plan from the LIC Life insurance combines the benefits of both a protection as well as a savings plan. This translates into the usual security against your untimely death in terms of financial assistance for your family as well as maturity benefits if you survive the policy tenure. Not surprisingly, the policy’s multifaceted approach marks it as one of the best life insurance policies available in India.
HDFC SL Crest
Versatility is the by-word when speaking of HDFC SL Crest, a short term unit linked insurance (ULIP) plan that functions on the premise of helping you achieve your investment goals in a relatively short period of 10 years while concurrently protecting your family against the prospective perils emerging from your untimely demise. The insured needs to pay the premiums for just 5 years to enjoy market linked returns for the extended duration of 10 years.
SBI Life – eShield
When looking out for a robust life insurance in 2015, the SBI Life- eShield plan will seem mighty lucrative, and it truly is. Associated with one of India’s oldest, largest and popular brand names, the SBI Life- eShield is a pure term plan that is individual, non-linked and non-participating in nature. This policy is best suited for people who seek affordable financial protection alongside the peace of mind and domain competency that will surely be supplied by SBI Life.
SBI Life - Shubh Nivesh
Yet another versatile insurance product from a leading banking and insurance behemoth, the SBI Life- Shubh Nivesh plan is a non-linked entity that offers the dual benefits of endowment assurance alongside whole life coverage. This policy allows for maturity benefits- a lump sum amount paid in case you live through the tenure period, or conversion of the payable amount into a regular income source for a chosen duration of time. Alternatively, your family enjoys the financial benefits in case of your unfortunate demise through the policy tenure.
AEGON Religare iTerm Plan
When considering the various players involved in the sphere of life insurance in India, the name of AEGON Religare is a particular standout. The company’s appropriately named iTerm plan can be purchased online and ensures the protection of your family at a fraction of the conventional cost. This simple, robust, scalable and professionally managed plan is all set to be a star performer when considering the scene of life insurance in 2015.
Reliance Term Plan
A comprehensive life cover of Rs.1 crore at a meagre investment of Rs.15 per day, guaranteed claim settlement in 12 days or earn 6.5% interest per annum, quick online policy purchase in less than ten minutes, a few attractive pointers that distinguish Reliance Term Plans from the rest of the pack. This plan is dedicated to making life simple, for you and your loved ones, and surely deserves its title of being one of the best life insurance policy in India.
In the larger count of the varied options that tout to be the best life insurance policy available in India, Aviva i-Life plan makes a silent, yet firm claim to the throne. A simple pure life insurance cover plan, i-Life is thoughtfully designed to secure your family’s financial future if something untoward were to happen to you. Adding to the convenience factor is the fact that this policy can be easily purchased online and requires very minimal documentation.
Kotak Assured Income Plan
In keeping with the popular expectation for insurance products that do more than the obvious, the Kotak Assured Income Plan is configured to act as both a comprehensive life cover policy that protects your family from the unexpected ups and downs of life, as well as add to your productivity by acting as a second source of income. This additional income is fixed for a duration of 15 years. Thus, as what can be expected from a robust life insurance policy- protection and earnings in one solid package.
Bajaj Allianz iSecure Term Plan
Term plans that offer high sum assured albeit at a low cost are a heaven-sent for people who wish to invest into protection plans but cannot spare a big margin of their earnings into this pursuit. The Bajaj Allianz iSecure Term Plan is a level cover term assurance plan that protects your family’s financial future in the unexpected event of your early death. The low premium costs and the high sum assured offer comprehensive security and complete peace of mind.
HDFC Life Sanchay
HDFC makes another appearance in the list for the best life insurance in 2015 with the Life Sanchay plan. The features and benefits offered by this non-participating insurance plan will appeal to the most discerning customer, tempting him/her with guaranteed benefits and the flexibility to choose the ideal investment schedule. Aside from being a thoughtful protection plan that ensures the financial stability of your family in the sad event of your demise, the policy is also a means to fulfil your core financial responsibilities through the feature of guaranteed returns. Multiple benefits, in one unbeatable package make this a worthy contender in the listing of the best life insurance policies in India.
In Conclusion, the year ahead looks ripe with promises as far as your professional and personal life is concerned. And when talk shifts to protecting the future of your family and making a solid monetary investment, any of the listed Top-10 life insurance contenders will bring you the expected protection and complete peace of mind.
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