Smart Term Plan
Max Life₹490/month
Coverage: ₹1 Crore
- Cover till 75 years
- Critical illness rider
- Accidental death 2x
- Terminal illness payout
High sum assured
Low premium rates
Critical illness rider
Terminal illness benefit
Compare top plans from leading insurers
eShield Term
SBI Life₹520/month
Coverage: ₹1 Crore
- Return of premium option
- Increasing cover
- Waiver of premium
- Online exclusive discount
iProtect Smart
ICICI Prudential₹475/month
Coverage: ₹1 Crore
- Life stage cover
- Accidental death benefit
- Critical illness cover
- Tax free payout
HDFC ERGO
ICICI Lombard
Star Health
Max Life
Bajaj Allianz
Tata AIG
SBI Life
Reliance General
What is term insurance?
Term insurance is pure life cover that pays a lump sum to nominees if the policyholder dies during the policy term. It offers the highest coverage at the lowest premium.
At what age should I buy term insurance?
The ideal age is between 25-35 years when premiums are lowest. However, you can buy term insurance up to 65 years of age depending on the insurer.
Is term insurance premium tax deductible?
Yes, premiums paid for term insurance qualify for tax deduction under Section 80C up to ₹1.5 lakh per year. Death benefit received is tax-free under Section 10(10D).
Compare plans from 50+ insurers and save up to 70% on premiums. Get your free quote in under 2 minutes.