Term Life Insurance
Estimate your term insurance premium and compare leading plans.
Online term plan with return-of-premium option. Claim settlement ratio of ~99.5%. Offers life, income, and income-plus-life variants. Critical illness rider available. Premiums start around ₹650/month for ₹1 Cr cover (age 30, non-smoker, 30-year term).
LIC's online-only pure term plan. Level or increasing sum assured option. Claim settlement ratio of ~98.7%. No agent commission kept low. Premiums slightly higher than private peers but brand trust is unmatched. Suitable for risk-averse buyers.
Covers death, terminal illness, disability and 34 critical illnesses under one plan. Claim settlement ratio ~97.8%. Joint life option for couples. Accidental death benefit doubles the payout. Available online with minimal documentation.
Comparison Tips
- Buy cover at least 15–20× your annual income.
- Buy early — premium locks in at your entry age.
- Prefer plans with claim settlement ratio above 95%.
- Choose tenure to cover you until age 65–70.
- Avoid mixing insurance with investment (ULIPs) at this stage.