Introduction
In today’s uncertain world, financial protection for your loved ones is more crucial than ever. A term insurance plan provides a high life cover at affordable premiums, ensuring that your family’s future is secure in case of your untimely demise. With 2025 bringing new and upgraded offerings from insurance providers, now is the perfect time to review the best term insurance plans in India.
This article covers the top 7 term insurance policies in India for 2025, along with their key features, benefits, and how to choose the right one.
✅ What is Term Insurance?
Term insurance is a pure life insurance policy that provides financial coverage for a specific period (term). If the policyholder dies during the policy term, the nominee receives the death benefit. It does not have a maturity benefit unless combined with return of premium or investment features.
🏆 Top 7 Best Term Insurance Plans in India (2025)
Here are the best term plans based on coverage, claim settlement ratio, affordability, and unique features:
1. LIC Tech Term Plan 2.0
- Insurer: Life Insurance Corporation of India (LIC)
- Entry Age: 18 – 65 years
- Policy Term: 10 – 40 years
- Minimum Sum Assured: ₹50 lakhs
- Premium Payment Options: Single, Regular, Limited
Key Features:
- Pure online term plan
- Two death benefit options: Level Sum Assured and Increasing Sum Assured
- High claim settlement ratio by LIC (98.6%)
Why Choose?
Trusted by millions, LIC’s term plan is best for those looking for long-term reliability and a strong brand.
2. HDFC Click 2 Protect Super
- Insurer: HDFC Life
- Entry Age: 18 – 65 years
- Policy Term: Up to 85 years of age
- Minimum Sum Assured: ₹50 lakhs
Key Features:
- Option to customize with life stage, income, or extra life options
- Return of Premium option available
- Covers terminal illness and accidental death
Why Choose?
Highly flexible, suitable for individuals with dynamic life goals.
3. ICICI Pru iProtect Smart
- Insurer: ICICI Prudential Life
- Entry Age: 18 – 65 years
- Policy Term: Up to 99 years
- Minimum Sum Assured: ₹50 lakhs
Key Features:
- Offers coverage against 34 critical illnesses
- Provides terminal illness and disability benefits
- Waiver of premium option available
Why Choose?
Comprehensive coverage and one of the best for critical illness protection.
4. Max Life Smart Secure Plus Plan
- Insurer: Max Life Insurance
- Entry Age: 18 – 65 years
- Policy Term: Up to 85 years or whole life (99 years)
- Minimum Sum Assured: ₹25 lakhs
Key Features:
- Two death benefit variants: Life Cover and Increasing Life Cover
- Voluntary top-up sum assured available
- Premium back option on survival
Why Choose?
Best for individuals who want flexible payout options and additional riders.
5. Tata AIA Sampoorna Raksha Supreme
- Insurer: Tata AIA Life Insurance
- Entry Age: 18 – 65 years
- Policy Term: 10 – 85 years
- Minimum Sum Assured: ₹50 lakhs
Key Features:
- Option for life cover till 100 years
- Flexible payout options: lump sum or monthly income
- Inbuilt terminal illness benefit
Why Choose?
Ideal for lifelong protection with high customization and premium refund option.
6. Bajaj Allianz Smart Protect Goal
- Insurer: Bajaj Allianz Life
- Entry Age: 18 – 65 years
- Policy Term: 10 – 99 years
- Minimum Sum Assured: ₹50 lakhs
Key Features:
- Whole life cover till 99 years
- Child education extra cover and critical illness cover available
- Premium waiver for accidental disability
Why Choose?
Great for those seeking family-oriented add-ons and high-value riders.
7. SBI Life eShield Next
- Insurer: SBI Life
- Entry Age: 18 – 65 years
- Policy Term: 10 – 85 years
- Minimum Sum Assured: ₹50 lakhs
Key Features:
- Increasing cover option
- Terminal illness benefit included
- Offers life stage option to increase cover during major milestones
Why Choose?
Perfect for salaried individuals and families seeking trust in a public sector brand.
💡 Factors to Consider When Choosing a Term Plan
- Claim Settlement Ratio (CSR)
Always check CSR from IRDAI reports. A higher ratio indicates higher trust. - Sum Assured
Choose a sum assured that is at least 10–15 times your annual income. - Policy Term
Choose a term that covers you till at least age 60–65 or till retirement. - Add-on Riders
Critical illness, waiver of premium, and accidental death benefit add real value. - Premium Affordability
Compare annual premiums across plans. Online plans are generally cheaper. - Payout Options
Look for options like lump sum, monthly income, or a mix of both.
📊 Comparison Table of Top Term Plans (2025)
| Insurance Plan | Entry Age | Policy Term | Max Cover Age | Critical Illness Cover | Claim Settlement Ratio (2023-24) |
|---|---|---|---|---|---|
| LIC Tech Term 2.0 | 18–65 yrs | 10–40 yrs | 80 yrs | No | 98.6% |
| HDFC Click 2 Protect Super | 18–65 yrs | Up to 85 yrs | 85 yrs | Yes | 99.4% |
| ICICI Pru iProtect Smart | 18–65 yrs | Up to 99 yrs | 99 yrs | Yes | 98.8% |
| Max Life Smart Secure Plus | 18–65 yrs | Up to 99 yrs | 99 yrs | Yes | 99.2% |
| Tata AIA Sampoorna Raksha Supreme | 18–65 yrs | Up to 100 yrs | 100 yrs | Yes | 99.1% |
| Bajaj Allianz Smart Protect Goal | 18–65 yrs | Up to 99 yrs | 99 yrs | Yes | 98.4% |
| SBI Life eShield Next | 18–65 yrs | Up to 85 yrs | 85 yrs | Yes | 97.8% |
✅ Benefits of Buying Term Insurance in 2025
- Affordable Premiums: Get high coverage at a low price.
- Tax Savings: Premiums eligible for deduction under Section 80C, and death benefits under Section 10(10D).
- Peace of Mind: Your loved ones stay financially secure.
- Return of Premium Option: Get back the premium if you survive the policy term.
📝 Expert Tips Before Buying
- Buy term plans online for lower premiums.
- Opt for early purchase—the younger you are, the lower the premium.
- Go for medical underwriting—ensures fewer hassles at claim stage.
- Disclose all health and lifestyle details honestly.
- Choose a reputable insurer with a strong track record.
📍 Conclusion
Choosing the best term insurance plan in India in 2025 depends on your age, financial responsibilities, health, and long-term goals. Whether you’re looking for maximum cover, critical illness protection, or lifelong security, there’s a plan for everyone. Make sure to compare policies, check the claim settlement ratios, and select a plan that aligns with your family’s future needs.
Protect today for a safer tomorrow.
Also Read-What Is The Use of Star Health Insurance | Star Health Insurance FAQs