₹1 Crore protection. ₹500/month.
If you're not around tomorrow, your family still lives the same life.
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Protection snapshot
Life cover
₹1,00,00,000
Covers income, loans, and long-term family goals.
Compare top plans with honest human advice.
Why Buy Term Insurance?
This is not another financial product. It is the decision that keeps your family standing when life changes without warning.
₹1 Crore at ₹500/month
Buy early and lock in serious protection at a premium that still feels affordable.
Your family's income doesn't stop
EMIs, school fees, rent, and everyday expenses stay funded even if you are not there.
Flexible Payouts
Choose lump sum, monthly income, or a mix that fits your family best.
Tax Benefits
Save under Section 80C, while the death benefit stays tax-free under Section 10(10D).
Why this matters
One hospital bill can destroy savings.
One policy prevents it.
Protection is not a luxury purchase. It is the quiet decision that keeps your family’s plans alive when income disappears.
Types of Term Plans
Choose the protection style that matches how your family would need money in a crisis.
Best Value
Pure Term Plan
Starts ₹500/month
Maximum life cover at the lowest possible premium. Pure protection, no distractions.
- Cover up to ₹10 crore
- Policy term up to age 85
- Lowest premium option
- Lump sum death benefit
- Add critical illness rider
Safe Choice
Return of Premium (ROP)
Starts ₹500/month
Protection with peace of mind — get your premiums back if you survive the full term.
- 100% premiums returned on survival
- Full life cover during term
- Tax benefit on premiums paid
- Ideal for risk-averse buyers
- Higher premium than pure term
Monthly Security
Income Replacement Plan
Starts ₹500/month
Built for families that need predictable monthly cash flow instead of one large amount.
- Monthly payout to nominee
- Covers 10–30 years of income
- Option for increasing income payout
- Ideal for sole breadwinners
- Combine with lump sum option
Enhance Your Cover with Riders
Small add-ons can make a big difference when illness, disability, or accidents hit unexpectedly.
Critical Illness Rider
Pays a lump sum on major illnesses like cancer, heart attack, or stroke.
Accidental Death Benefit
Adds extra payout if death happens due to an accident.
Permanent Disability Rider
Waives future premiums and can provide income after permanent disability.
Premium Waiver Rider
Your policy continues even if a critical illness stops you from paying premiums.
Top Term Insurers in India
We compare India’s most trusted life insurers based on claim settlement, premiums, and policy features.
All insurers IRDAI approved
Axis Max Life
99.70%
Claim Settlement
HDFC Life
99.39%
Claim Settlement
ICICI Prudential
98.60%
Claim Settlement
Bajaj Allianz Life
99.04%
Claim Settlement
TATA AIA
99.13%
Claim Settlement
Aditya Birla Sun Life
98.07%
Claim Settlement
SOURCE: IRDAI ANNUAL REPORT 2024-25
Frequently Asked Questions
What is term life insurance? +
Term insurance is a pure life cover for a fixed period. If the insured passes away during the policy term, the nominee receives the full sum assured. In a pure term plan, there is no maturity benefit — it is built purely for protection.
How much life cover do I need? +
A practical rule is 10–15 times your annual income. If you earn ₹8 lakh per year, a cover of ₹80 lakh to ₹1.2 crore is a strong starting point. Then add loans, children’s education costs, and your family’s monthly living expenses.
What is Claim Settlement Ratio (CSR)? +
CSR is the percentage of claims an insurer settles out of the total claims it receives in a year. A CSR above 98% is considered strong. Axis Max Life is shown here at 99.70% based on 2025–26 figures referenced on this page.
Does term insurance cover death by any cause? +
Yes — term plans generally cover death due to illness, natural causes, and accidents. Suicide is excluded during the first policy year as per standard regulations.
Can I get term insurance if I have a pre-existing disease? +
Yes, but you must disclose all medical conditions honestly while applying. Premiums may be higher, and hiding facts can lead to claim rejection later.
What happens if I miss a premium payment? +
Most insurers provide a 30-day grace period. If payment is still missed after that, the policy can lapse. In many cases, you can revive it within 5 years by paying pending premiums with applicable interest.
Don’t delay something this important.
It takes 2 minutes to start. It protects your family for decades.
Term insurance premiums vary by age, health, lifestyle and sum assured. Figures mentioned are indicative. Subject to insurer underwriting.