Life insurance holds immense significance. After all, what could be more important than life? However, one thing you might want to keep in mind that a person buys life insurance policy not because he is afraid of death or that he is going to die but because he cares for his family and his loved ones are going to live.
And for their adequate living without any financial obstacles, you must make sure that your family does not have to worry about anything after you will no longer be there in person to take care of them. And what better way could be there than life insurance ?
A life insurance policy makes sure that the living of your family is not interrupted by any sort of financial crisis. It offers a lump sum to the nominee in case of the death of the life insured. And even if the insured outlives the policy term, it will still offer a lump sum amount.
Since we cannot predict what the next moment might bring into our life, we must make sure that we are protected ready against any sort of uncertainties that life has to throw on us. And buying life insurance in this case is not the final answer.
Along with buying a life insurance policy, you must ensure that the policy you are buying is effective and good enough to bring you perfect returns and provide additional monetary benefits to your family in your absence. This is the reason why considering the top-notch life insurance plans become a necessity. Nobody would be able to digest the fact of investing money to buy life insurance and not getting the cover they deserve.
But, there are 24 life insurance Companies in India and each company has multiple life insurance plans catering to different and individual benefits. So it’s quite understandable that zeroing in on any particular life insurance product from any particular provider could be a tricky job.
To make this job of your easy and smooth, I’m giving you an insight to some of the top life insurance plans in 2020:
List of Top Life Insurance Plans in 2020:
|
|
Entry Age |
Policy Term |
Sum Assured |
|||
|
Minimum |
Maximum |
Minimum |
Maximum |
Minimum |
Maximum |
|
|
Aegon Life iTerm Plan |
18 years |
75 years |
5 years |
40 years |
10 Lakh |
NA |
|
Aviva I-Life Plan |
18 years |
55 years |
10 years |
35 years |
25 Lakh |
NA |
|
Bajaj Allianz i-Secure |
18 years |
70 years |
10 years |
30 years |
20 Lakh |
NA |
|
Bharti AXA e-Protect Term Plan |
18 years |
75 years |
10 years |
30 years |
25 Lakh |
Na |
|
HDFC Click2Protect Plus |
18 years |
65 years |
10 years |
30 years |
10 Lakh |
10 Crores |
|
HDFC Life Sanchay |
30 years |
45 years |
15 years |
25 years |
1,05,673 |
NA |
|
HDFC SL Crest |
14 years |
55 years |
10 years |
10 years |
(7 or 10) x Annual Premium |
20 x Annual Premium |
|
ICICI Pru iProtect |
20 years |
75 years |
10 years |
30 years |
3 Lakh |
NA |
|
Kotak Life Preferred e-Term |
18 years |
75 years |
10 years |
40 years |
25 Lakh |
NA |
|
LIC Amulya Jeevan |
18 years |
60 years |
5 years |
35 years |
25 Lakh |
NA |
|
LIC New Jeevan Anand |
18 years |
50 years |
15 years |
50 years |
1 Lakh |
NA |
|
LIC Term Plan |
18 years |
75 years |
10 years |
35 years |
50 Lakh |
NA |
|
Max Life Online Term Plan |
18 years |
70 years |
10 years |
35 years |
25 Lakh |
100 Crores |
|
SBI eShield Plan |
18 years |
70 years |
5 years |
30 years |
20 Lakh |
NA |
|
SBI Shubh Nivesh Plan |
18 years |
60 years |
5 years |
30 years |
75000 |
NA |
The above chart consists of the top life insurances plans in 2020. Depending on your unique requirements you can go for the life insurance plan from any particular insurer that suits you. Make sure that you choose the right cover and Sum Insured.
