5 Best Term Insurance Plans of 2018, Compare Term Insurance Plans

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Term insurance is a product offered by insurance companies that assures financial security to your family in undesirable circumstances. On the death of the policyholder, the members of the family get the bonus along with the amount of insurance. This benefit is given either in lump sum or in the steps as per the chosen plan. Here are some insurance plans that are at the top of the list of the 2018 insurance plans.

5 best term insurance plans of 2018
5 best term insurance plans of 2018

HDFC Click 2 Protect Plus

This plan provides comprehensive protection along with the guaranteed amount to your family. There are four options available in the Term Insurance cover in HDFC’s Click 2 Protect Plan. Apart from this, according to the chosen plan, it also provides monthly income which also helps your family dependents from time to time. To learn about the characteristics of HDFC Life Click2 Protect, see here.

5 best term insurance plans of 2018
5 best term insurance plans of 2018

 

Cover option under Click 2 Protect Plus

 

  • Life Option: There is a one-time payment option.
  • Extra Life Options (Accidental Death Benefit): A lump sum amount and additional sum insured is provided on the death of the policyholder.
  • Income option: Payment of one-time payment of 10% of the sum insured and monthly amount of 15% monthly income
  • Income Plus Option: In this option, in the event of death, 100% of the sum insured and arrears of the sum insured will be given on a monthly basis.
5 best term insurance plans of 2018
5 best term insurance plans of 2018

Terms and conditions for getting insurance plan

 

  1. Minimum starting age 18 years
  2. maximum start age 65 years
  3. Minimum Sum Assured 25 lakhs
  4. Maximum Sum Assured no limit (subject to underwriting)
  5. way of premium payment Annual, semi-annual, quarter or monthly 6-premium payment term Regular, Limited or Single

Aegon Life Term Insurance

Plan Agoon Life Term Insurance is an online protection plan that provides guaranteed protection to the insured’s family. This is a cost effective plan that provides coverage up to the age of 80 years. The policyholder can expand his coverage on the basis of increasing needs at various stages of life.

5 best term insurance plans of 2018
5 best term insurance plans of 2018

Features of Aegon Life Term Insurance Plan

 

  • Minimum start age 18 years
  • Maximum start age 75 years
  • Minimum Term Duration 5 Years
  • Maximum Term Period 40 years or 75 years, based on the chosen premium
  • Premium payment method lump sum payment or annual
  • Minimum insured amount Rs. 10,00,000 no limit on maximum insured amount
  • If the disease is detected during treatment then 25% premium can also be paid in advance.
5 best term insurance plans of 2018
5 best term insurance plans of 2018

Birla Sun Life Future Guard Plan

This plan provides financial independence to your relatives when they are immersed in the ocean of misery due to unforeseen circumstances. According to the term of premium, this policy offers two types of coverage called Plan A and Plan B.

5 best term insurance plans of 2018
5 best term insurance plans of 2018

Features of Birla Sun Life Future Guard Plan

 

  • Minimum start age 18 years
  • Maximum start age of 65 years
  • Policy term as per the age of the person at the time of maturity, 10, 15, 20, 25, 30 years of policy

 

Types of Birla Sun Life Future Guard Plans

 

  1. Plan A with 100% return on paid premium
  2. Plan B in which premium returns from 110% to 150%
  3. Premium Payment Term Regular
  4. Types of premium payments yearly, semi-annual, quarterly and monthly
  5. Minimum Insured Sum Assured Rs. 5,00,000
  6. maximum sum insured no limit

 

5 best term insurance plans of 2018
5 best term insurance plans of 2018

Jeevan Rakshak scheme of LIC

This is a partnership term insurance plan that provides protection to the insurer’s family along with savings. Loyalty will be added every 5 years in this policy. There is also an Accidental Death Benefit Rider Option.

5 best term insurance plans of 2018
5 best term insurance plans of 2018

Features of Jeevan Rakshak

  • Minimum Basic Sum Assured 75,000
  • Maximum sum insured amounting to Rs. 2,00,000
  • Minimum policy tenure 10 years
  • Maximum Policy Term 20 Years
  • Minimum age for starting 8 years
  • Maximum age for start 55 years
  • Maximum age at maturity 70 years
  • Method of premium payment Annual, semi-annual, quarterly and monthly (only through ECS)
  • Revival of the policy: If the premium is not paid in the given period, then the policy expires. However, the policy ended in this manner can be restarted within 2 years.

Reliance Nippon Online Term

It is an online term plan designed to meet the demands of fast growing generations nowadays because the situation is such that nowadays, any unfortunate event can break the family’s base. This protects your family from the loss of income and liabilities in your absence.

 

Features of Reliance Nippon Life Online Term

  1. Minimum age for starting 18 years
  2. Start age maximum 55 years
  3. year policy tenure, 15, 20, 25, 30, and 35 years
  4. Premium payment term is the same as the policy term
  5. Minimum Insured Sum Assured 25,00,000
  6. maximum sum insured no limit
  7. Minimum premium amount Rs 3,500
  8. Maximum Premium Amount No Limit
  9. yearly payment method

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