"Spending a whole day looking for insurance is fun," said nobody, EVER!
"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • 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
      "Average policy to use"
      0.5 3.0/5 "Satisfactory"
      I have closed the LIC jeevan anand life insurance policy , because I was not interested to have the Life insurance policy with the LIC. The customer support was average with the LIC. This policy has the tenure of 21years and I have paid the premium of Rs,20,000 every year. The plan benefits and the policy is average with the LIC policy.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 15, 2017
    • LIC Life Insurance
      "Wonderful"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Life Insurance Corporation of India for some long time. Policy coverage value and the plan benefits are good one with the Life Insurance Corporation of India.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 15, 2017
    • Max Life Insurance
      "Not satisfied"
      0.5 4.5/5 "Excellent!"
      I am having the Max life insurance policy and the customer service is not really good one for me. Response was not really good one for me, also they have given the false statement, aslo I dint get the returns.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 15, 2017
    • LIC Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have the life insurance policy with the Life Insurance Corporation of India and I would like to say that the policy coverage, I would like to say that the plan benefits are good one for me with the LIC of India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2017
    • LIC Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with SBI Life.The policy is taken 20 years ago.The policy is applicable till retirement from the bank post that also its applicable provided should pay some sum to continue the service.I get a policy coverage of 7 lakhs.I pay a premium of 400 debited from my salaried account.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2017
    • LIC Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Life Insurance with LIC.I have been holding the policy for 30 years.I pay a premium of Rs270 and get a policy coverage of one lakhs.The total policy is for 20 years,i don't get best offers compare to other banks.The website is easy to understand.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2017
    • ICICI Prudential Life Insurance
      "Fantastic"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the ICICI prudential life insurance company. I would like to say that the customer service is good one and the coverage value is good one for me. Everything is good one with the ICICI prudential life insurance company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2017
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with LIC from last 4 years and it is a money back policy. The tenure of this life insurance policy is 20 years. I pay a premium of Rs 15000 in annual basis through online and the payment options are convenient for me. I have a coverage amount of Rs 4 lakhs and the benefits is very good in this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      LIC policy is a very good policy to use and i have this policy from last 2 months. The tenure of this life insurance policy is 20 years. I pay my premium once in 3 months through cash and i am convenient with the payment options. Customer service is good and they responded on time. I am also happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with LIC.The premium amount is 6000 paid once in a year.I make payment by cash through an agent.The policy is for 4 years.I have no claim experience with the bank.I get a good policy coverage of three lakhs overall its the best policy for the customers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      With LIC I have the Life insurance policy around 6years ago. The customer support is good with the LIC and I will pay the premium through ECS mode and I pay the premium of Rs,1000 to this policy. This policy has the tenure of 15yeras. The plan benefits and the coverage is good with this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "Good policy for the children "
      0.5 5.0/5 "Blown Away!"
      The Life insurance corporation of India has offered me a child plan life insurance policy it has the tenure of 15years. I got this policy around 4years ago. I pay the premium of Rs,2950 every month to this policy. The plan benefits and the coverage is good with this policy,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Life Insurance with LIC.I make a payment of 24,000 in year,I get policy coverage of 5 lakhs.I have no claim experience with them.The rate of interest is good compared to other investment products.The policy is for 20 years.I make a payment by an agent.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Life insurance corporation of India service was good ,for the term period of 15 years and I have taken one policy with Life insurance corporation of India and the policy I have taken was jeevan anand it was a average service from Life insurance corporation of India.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The service was very good with Life insurance corporation of India,I have two policy from Life insurance corporation of India jeevan anand ,money back policy ,they use to update me regarding new schemes and offers and the payments where through online it was a good experience with Life insurance corporation of India.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "Better policy"
      0.5 5.0/5 "Blown Away!"
      I had taken life insurance policy with LIC. It is a Jeevan Anand policy and it was taken 1 year back. It is a tenure of 20 years. The customer service is good. I pay the premium every 3 month. I make the payment through cash. I am paying up to 3500 rupees as a premium. It is a cash back policy.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 14, 2017
    • HDFC Life Life Insurance
      "Good "
      0.5 2.0/5 "Expected more"
      I am having the life insurance policy with the HDFC life being a policy holder of HDFC life I am very much happy with the support that I received from them. In addition to that, I would like to say that the policy coverage value is around five lakh Rupees. As far as the response is concerned it is okay.
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 14, 2017
    • SBI Life Life Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a life insurance service from State bank of India and I have taken one policy from State bank of India also they use to update me regarding new schemes and offers it was a good experience with State bank of India life insurance service department.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Life insurance corporation of India service was very good ,the term period is for 15 years but I am disappointed that they never update me regarding new schemes and offers and the payments where generally payed directly it was a good experience with Life insurance corporation of India.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 14, 2017
    • LIC Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Life insurance corporation of India service was very good,yearly I am paying 50k as my premium and I have three policy with Life insurance corporation of India money back ,jeevan surabhi ,jeevan saral are them. For the term period of 20 years it was a good experience with Life insurance corporation of India.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 14, 2017
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