Best Term Insurance Plans in India – Comparison (2025)
Term insurance is one of the purest and most affordable forms of life insurance. It provides financial protection to the policyholder’s family in the event of their untimely demise during the policy term. Over the years, the Indian insurance market has evolved to offer a wide variety of term insurance plans tailored to meet the unique needs of individuals. In 2025, insurers are offering plans with improved claim settlement ratios, riders, online servicing, and more.
This article highlights the best term insurance plans in India, their benefits, features, premium affordability, and overall value. Let’s explore and compare the top plans based on several key factors.
1. HDFC Life Click 2 Protect Super
Overview:
One of the most comprehensive term plans in the Indian market, HDFC Life’s Click 2 Protect Super provides enhanced flexibility in choosing coverage options and riders.
Why it stands out:
- Offers multiple benefit options like Life, Life Plus, and Life Goal.
- Waiver of premium on disability or critical illness.
- Accidental death benefit rider available.
- Can increase cover at different life stages.
Ideal for: Salaried individuals, family-oriented planners, and professionals.
2. Max Life Smart Secure Plus Plan
Overview:
Max Life offers a flexible and feature-rich term plan with a wide range of riders.
Why it stands out:
- Choice of returning premiums on survival (ROP).
- Accelerated critical illness cover.
- Option to increase coverage on marriage, childbirth, or home loan.
- High claim settlement ratio (99.51%).
Ideal for: Policyholders looking for a mix of protection and maturity benefit.
3. ICICI Prudential iProtect Smart
Overview:
ICICI’s flagship term plan provides comprehensive protection, including terminal illness and disability benefits.
Why it stands out:
- Terminal illness covered from day one.
- Additional accidental death cover up to ₹2 crore.
- Income benefit options (monthly payout).
- Wide rider options for flexibility.
Ideal for: Tech-savvy buyers, business owners, and urban professionals.
4. LIC Tech Term Plan
Overview:
The only term insurance plan by LIC available online, offering reliability and trust with a legacy of decades.
Why it stands out:
- Simple and affordable pure protection plan.
- Flexible payout options – lump sum or installments.
- High claim settlement ratio with traditional trust.
- Lower premiums for non-smokers and females.
Ideal for: Conservative buyers and LIC loyalists.
5. Tata AIA Sampoorna Raksha Supreme
Overview:
Tata AIA’s Sampoorna Raksha Supreme provides flexible coverage and rider benefits with a strong brand reputation.
Why it stands out:
- Option to cover up to age 100.
- Option to receive a monthly income instead of a lump sum.
- Add-on critical illness and disability riders.
- Competitive premium pricing.
Ideal for: Long-term planners and high-net-worth individuals (HNIs).
6. SBI Life eShield Next
Overview:
An affordable term insurance plan from India’s largest bank-backed insurer, designed for digital buyers.
Why it stands out:
- Smart benefit options to increase cover with life milestones.
- Option for level cover, increasing cover, or level with future income benefit.
- Accelerated terminal illness benefit.
- Affordable premiums and digital onboarding.
Ideal for: Young earners and online insurance buyers.
7. Bajaj Allianz Life Smart Protect Goal
Overview:
Bajaj Allianz’s plan includes a suite of options like accidental death benefit, critical illness, and waiver of premium.
Why it stands out:
- Option to get back all premiums paid (ROP).
- Waiver of premium rider in case of critical illness or permanent disability.
- Competitive pricing for higher sum assured.
- Comprehensive online support.
Ideal for: Budget-conscious buyers seeking more than just term cover.
8. Kotak e-Term Plan
Overview:
Kotak offers a flexible and customizable term plan with low premiums and rich features.
Why it stands out:
- Offers three coverage options: Life, Life Plus, and Life Secure.
- Critical illness and permanent disability benefits.
- Women-specific benefits (like coverage for pregnancy complications).
- Attractive discounts for non-smokers.
Ideal for: First-time buyers and young adults starting their financial journey.
9. Aditya Birla Sun Life DigiShield Plan
Overview:
DigiShield offers multiple plan options with a focus on family protection and regular income in the policyholder’s absence.
Why it stands out:
- Ten plan options with varied benefit structures.
- Option to increase life cover as income rises.
- Joint life coverage option available.
- Riders include terminal illness and critical illness.
Ideal for: Married couples, young parents, and new families.
10. PNB MetLife Mera Term Plan Plus
Overview:
This is a customizable plan that allows for future scaling of protection needs and optional return of premiums.
Why it stands out:
- Life cover till age 99.
- Offers spouse coverage in the same plan.
- Option to get monthly income in addition to lump sum.
- High coverage with pocket-friendly premiums.
Ideal for: Joint applicants, newly married, and family-first individuals.
Key Considerations When Choosing a Term Plan
When comparing term insurance plans, it’s important not just to focus on the lowest premium but to consider several vital parameters:
1. Claim Settlement Ratio (CSR)
Choose insurers with a CSR of over 97%. It indicates the insurer’s reliability in settling claims.
2. Riders and Add-ons
Look for useful riders such as accidental death, critical illness, and waiver of premium.
3. Premium Affordability vs. Benefits
A low premium may not always mean the best value. Evaluate features included in the premium.
4. Flexibility in Coverage
Plans offering increase in cover during life milestones are beneficial in the long run.
5. Customer Support and Digital Services
Ensure the insurer provides good customer service, digital access, and quick claim settlements.
Conclusion
Term insurance is a necessity, not a luxury. Choosing the right plan ensures your family’s financial future is secure even in your absence. The best term insurance plan will depend on your specific needs, life goals, income, and lifestyle. In 2025, with so many strong options available from reputed insurers, investing in the right term insurance plan is simpler than ever. Always compare thoroughly and consult a financial advisor if needed to make an informed decision.