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  • Best Term Insurance Plans of 2017

    Term insurance is a product offered by insurance companies that assures financial protection of your family against unanticipated circumstances. In case of death of the policyholder, the sum assured on death along with bonuses is offered to the dependent family members. The benefits are either paid as a lump sum or in phases depending on the plan selected by the insured at the time of entry. Here are some of the plans which have topped the list of term insurance policies in 2017.

    HDFC Click2Protect Plus:

    With a guaranteed sum that ensures a comprehensive protection to your family, HDFC Click2Protect comes with four advanced options of term insurance cover. Furthermore, under select plans, it offers a monthly income that will take care of the financial needs of the dependents from time to time. Refer to the below table for features of HDFC Life Click2Protect Plus.

    Features of HDFC Life Click2Protect Plus:

    Cover options under Click 2 Protect Plus

    Life option: Comes with the option of lump sum payment

    Extra life option ( Accidental Death Benefit): Offers lump sum plus extra sum assured in case of the death of the policyholder

    Income Option: 10% of the sum assured as lump sum payment and the remaining as monthly income for 15 years

    Income Plus Option: The option provides 100% of sum assured on death and also the arrears on 100% of sum assured which is paid on a monthly basis

    Minimum age at entry 18 years
    Maximum age at entry 65 years
    Minimum sum assured Rs.25 lakhs
    Maximum sum assured No limit (subject to underwriting)
    Premium payment mode Yearly, half-yearly, quarterly, or monthly
    Premium paying term Regular, limited, or single

    Aegon Life iTerm Insurance Plan:

    Aegon Life iTerm Insurance is an online protection plan which acts as a reliable safety net to the family of the insured. It’s a cost effective plan which provides life coverage till the age of 80 years. Policyholders can also extend their coverage based on the growing needs at different stages of life.

    Features of Aegon Life iTerm Insurance Plan:

    Minimum age at entry 18 years
    Maximum age at entry 75 years
    Minimum term period 5 years
    Maximum term period 40 years or till 75 years depending on the premium selected
    Premium payment mode Single payment or annually
    Minimum sum assured Rs.10,00,000
    Maximum sum assured No limit on maximum sum assured
    Advance payment 25% of the sum assured can be paid in advance if diagnosis proves terminal illness

    Birla Sun Life Future Guard Plan:

    It’s a plan that offers financial freedom to your beloved ones when unforeseen circumstances leave them in a pool of sorrows. Depending on the premium term, the policy offers two types of coverage namely Plan A and Plan B.

    Features of Birla Sun Life Future Guard Plan:

    Minimum entry age 18 years
    Maximum entry age 65 years
    Policy term Based on the individual’s age at maturity, the policy terms are 10, 15, 20, 25, 30 years
    Types of plans
    • Plan A which offers 100% of return on premiums paid
    • Plan B which offers 110% to 150% return on premiums
    Premium payment term Regular
    Premium payment mode Yearly, half-yearly, quarterly, and monthly
    Minimum sum assured Rs.5,00,000
    Maximum sum assured No limit

    LIC’s Jeevan Rakshak:

    It’s a participating term insurance plan which is a combination of savings and protection to family members of the insured. The policy accrues loyalty additions after every 5 term years. It also provides an option of Accidental Death Benefit Rider.

    Features of Jeevan Rakshak:

    Minimum Basic Sum Assured Rs.75,000
    Maximum Basic Sum Assured Rs.2,00,000
    Minimum policy term 10 years
    Maximum policy term 20 years
    Minimum age at entry 8 years
    Maximum age at entry 55 years
    Maximum age at maturity 70 years
    Premium payment mode Annually, semi-annually, quarterly, and monthly (only through ECS)
    Policy revival The policy will lapse If premiums are not paid within the grace period. However, the lapsed policy can be revived within 2 years

    Reliance Nippon Life Online Term:

    It’s an online term plan designed to meet the ever increasing demands of a fast-forward generation, where an unfortunate incident can shatter the very base of a family. It protects your family from income loss and liabilities in your absence. Follow the below table for more features of Reliance Nippon Life Online Term.

    Features of Reliance Nippon Life Online Term:

    Minimum age at entry 18 years
    Maximum age at entry 55 years
    Policy term years 10, 15, 20, 25, 30, and 35 years
    Premium payment term Same as policy term
    Minimum sum assured Rs.25,00,000
    Maximum sum assured No limit
    Minimum premium amount Rs.3,500
    Maximum premium amount No limit
    Premium payment mode Annual

    Best Term Insurance Plans of 2017 Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my Life Insurance with LIC. The tenure period is 16 years and Its a long term policy, I am happy with the policy returns and the coverage is 5 lakhs. Its a tax benefits and premium paid on yearly basis. Here I have an online option payment which is very comfortable. The customer service and responses was really good so its recommendable also.
      Was this review helpful? 0
      , haldwani
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My Life Insurance was taken with LIC 2 years back. Its a long term policy , the tenure period is 16 years .The customer service and responsiveness was satisfactory. I get tax benefit and premium paid on monthly basis. I am happy with the policy coverage and benefits so Its recommendable.
      Was this review helpful? 0
      , khanna
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Better"
      0.5 5.0/5 "Blown Away!"
      I have taken 2 policies with LIC. Both Jeevan Anand and endowment policy is a tenure of 21 years. I pay premium of Rs.15,500/ yearly. It is a long term policy. The agent was very helpful. I normally pay to the LIC agent as cash and he makes the payment on my behalf. I am not happy with the return amount which is low.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • SBI Life Life Insurance
      "Very good life insurance"
      0.5 5.0/5 "Blown Away!"
      SBI life insurance part is very good i am holding this insurance for a long time . I am yet to reap the benefits. As I was suggested to take this insurance I had opted for it, I had received all the deliverable from them on time. I normally pay a premium of rs 400 on a monthly basis.
      Was this review helpful? 0
      , madurai
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Its good"
      0.5 5.0/5 "Blown Away!"
      I am holding a Jeevan Anand for my daughter and for my son too. I normally pay a premium of 15k for both. I normally get benefits like after 15 years, I will get bonus which is 6 times of the money which I had invested as returns.I normally make the payment through net banking
      Was this review helpful? 0
      , balotra
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Trusted life coverage"
      0.5 5.0/5 "Blown Away!"
      I am making Rs.3760 premium amount on quarterly basis for Money back policy it has the tenure period of 15 years. I am getting the bonus interest around 20 to 30,000. After maturity period I will be getting some sum assured value. LIC payment gate is also improved and good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Best policy to use"
      0.5 5.0/5 "Blown Away!"
      I am using LIC policy from last 5 years and it is a long term policy. The customer service was good and prompt. The tenure of this policy is 20 years. I pay a premium of Rs. 1450 once in three months. I get a benefit upto 1.25 lakhs which is good and i am also happy with the coverage returns. I must say, this is one of the best policy to use.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have my Life Insurance with LIC . Its a corporate Insurance since my company has a tie with I have taken. Its a cash back policy and the tenure period is 20 years .I am paying through cheques or directly at the office so its bit inconvenient . Its a tax benefits and premium paid on yearly basis.I am satisfied with the policy coverage and benefits. The customer service and responses was also up to the mark,
      Was this review helpful? 0
      , pune
      Reviewed on Oct 21, 2017
    • HDFC Life Life Insurance
      "Not a good policy to use"
      0.5 2.0/5 "Expected more"
      I am using HDFC life insurance from last 6 months and it is a cash back policy. The tenure of this policy is 2 years. I had a bad experience with this life insurance policy because the claim amount was not satisfactory. I have a coverage upto 4 lakhs which is very good. I was admitted in the hospital and the settlement amount was Rs. 70000 out of which they coverd only Rs. 20000, the claim amount was much low comparatively. I pay my premium on half yearly basis and the payment option is much convinient when compared to other life insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 21, 2017
    • LIC Life Insurance
      "good service"
      0.5 4.0/5 "Great!"
      It was very long before I took my life insurance with LIC the service from LIC was good I have submitted all my documents directly the representatives of LIC is very good they use to update me regularly regarding new schemes offers also I use to get regular intimations regarding my premium regularly and I have taken 2 policy's so far with LIC .
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 21, 2017
    • Aviva Life Insurance
      "Good protect insurance"
      0.5 4.5/5 "Excellent!"
      I have Aviva life insurance, taken policy before four years from them, every annum I used to make the premium around Rs.16,000, its pure term insurance after me. My family will get the reimbursement of Rs.50 lakhs. I used to make the payment through netbanking, even I received the policy copy/
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Aegon Life Life Insurance
      "Good Insurance"
      0.5 4.5/5 "Excellent!"
      Through online channel I have taken life insurance, comes term insurance from Aegon life, I took the policy cover of Rs. 1.4 crore, my family will get the reimburse amount on monthly basis . I am paying low premium it has good protection for the nominees.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold LIC policy from last 5 years and it is a cash back policy. The tenure of this policy is 20 years. I pay premium of Rs. 2200 on quarterly basis, this amount get auto deducted from my savings account. There will be a cashback after 5 years and i am also satisfied with the returns.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken with 3 policy's so far with LIFE INSURANCE CORPORATION OF INDIA the customer service is very good and the staffs of LIFE INSURANCE CORPORATION OF INDIA was very helpful they use to update me regarding new schemes and offers so I would say the service is excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      The service of LIFE INSURANCE CORPORATION OF INDIA is very excellent ,the staffs of LIFE INSURANCE CORPORATION OF INDIA is very good and helpful they use to update me regularly regarding new schemes and offers and I have taken 1 policy so far with LIFE INSURANCE CORPORATION OF INDIA and I use to pay my amount through online ,service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a LIC policy from last 7 years and it is a return back policy, the tenure of the policy is 18 years. I pay the premium of Rs. 6900 once in three months. I make my payment through debit card and it is very convinient to me. I am also satisfied with the coverage returns which they are giving.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 20, 2017
    • ICICI Prudential Life Insurance
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      I have taken a life insurance from ICICI Prudential and the process to get this policy was easy. It has been seven years now that I am paying my premium. The only hassle I am facing is about the ECS deduction. Though I have given the date suitable and the ECS happens on that day, still there are charges again from my account.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • LIC Life Insurance
      "LIC IS THE BEST"
      0.5 5.0/5 "Blown Away!"
      LIC is the best and the major reason for choosing LIC is because of saving. I am holding this LIC Policy for a period of 12 to 15 years I normally pay to the LIC agent as cash and he makes the payment on my behalf.
      Was this review helpful? 0
      , kumbakonam
      Reviewed on Oct 19, 2017
    • HDFC Life Life Insurance
      "Life insurance"
      0.5 5.0/5 "Blown Away!"
      HDFC life insurance service are fine. I am holding this life insurance for a period of 3 years. It was set actually for achieving certain goals . This was taken for a period of 15 to 20 years., I am getting some tax benefits and it is aimed for good returns too
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 19, 2017
    • LIC Life Insurance
      "Good policies"
      0.5 5.0/5 "Blown Away!"
      I have started 2 policies with LIC very long back. Yearly once I will visit the LIC office to collect the statements. I pay premium of Rs.1663 and Rs.1034 as every month through ECS. The documentation process was easier. Both are long term policies with tenure of 15 years.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 19, 2017
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