Top 10 Term Plans India – Everything You Need to Know in 2025

When it comes to securing your family’s financial future, term life insurance remains one of the simplest and smartest choices. With so many options available today, choosing the right plan can be overwhelming. That’s why we’ve created this comprehensive guide to the top 10 term plans India has to offer in 2025—all to help you make an informed, confident decision.

Whether you’re looking for the best term insurance for family, a high claim settlement ratio, or a 1 crore cover, we’ve got it covered.

🛡️ What Is a Term Insurance Plan?

A term insurance plan is a type of life insurance that offers pure protection. You pay a premium for a chosen tenure, and if the insured person passes away during that period, the nominee receives a sum assured. There’s no maturity value unless return of premium or investment features are added (which usually cost extra).

✅ Why Term Insurance Is Important in 2025

Here’s why term insurance still holds top value in 2025:

• Affordability: Get high cover (e.g. ₹1 crore) at low premiums

• Financial Security: Protect your family’s lifestyle and dreams

• Tax Benefits: Premiums eligible under Section 80C, payouts under Section 10(10D)

• Flexible Riders: Add-ons like critical illness benefit and accidental death cover

🏆 Top 10 Term Plans India – 2025 Edition

Below are the top-rated term plans in India this year, based on claim settlement ratio, benefits offered, customer service, and overall reputation.

1. LIC Tech Term Plan

• Company: Life Insurance Corporation of India

• Sum Assured Options: ₹50 lakhs to ₹5 crores+

• Key Features:

  • IRDAI-backed and government trust

  • Online-only plan with low premiums

  • Accidental death benefit rider available

• Claim Settlement Ratio (CSR): 98.6% (2023-24)

2. HDFC Life Click 2 Protect Super

• Company: HDFC Life

• Flexibility: Customize cover with life stage benefit, top-up option

• USP: Waiver of premium on critical illness included

• Riders: Critical illness, accidental death, income benefit rider

• CSR: 99.3%

3. Max Life Smart Secure Plus

• Company: Max Life Insurance

• Special Add-ons:

  • Premium waiver for disability

  • Terminal illness cover at no extra cost

• Customer Experience: High trust and positive reviews

• CSR: 99.51%

4. ICICI Pru iProtect Smart

• Company: ICICI Prudential Life

• Flexibility: 4 coverage options (Life, Income, Level & Increasing)

• Why It Stands Out: Critical illness rider covers 34 diseases

• Sum Assured in Term Insurance: Up to ₹3 crores

• CSR: 97.9%

5. Tata AIA Sampoorna Raksha Supreme

• Company: Tata AIA Life

• Unique Benefit: Return of premium option available

• Premium Waiver Benefits: Yes, on disability

• Online Insurance Premium Calculator: User-friendly

• CSR: 99.01%

6. SBI Life eShield Next

• Company: SBI Life

• Cover Types: Level, Increasing, and Better Half Benefit

• Popular For: Best online term plans India from public-sector provider

• Accidental Death Cover: Optional

• CSR: 98.2%

7. Bajaj Allianz Smart Protect Goal

• Company: Bajaj Allianz

• Key Highlight: Maturity benefit option available

• Term Insurance Comparison India: Top pick for comprehensive protection

• Riders: Child education extra benefit rider

• CSR: 98.5%

8. Aditya Birla Sun Life DigiShield Plan

• Company: ABSLI

• Benefits:

  • 10 plan options, including whole life coverage

  • Income payout options for family

• Critical Illness Benefit: Available

• CSR: 98.1%

9. PNB MetLife Mera Term Plan Plus

• Company: PNB MetLife

• USP: Option to cover spouse in same policy

• Sum Assured: ₹25 lakhs to ₹5 crore+

• Best Term Insurance for Family: Strong joint life benefits

• CSR: 98.3%

10. Kotak e-Term Plan

• Company: Kotak Mahindra Life

• Why Choose It: Affordable for young professionals

• Flexible Premium Options: Limited pay, regular pay

• IRDAI Term Insurance Approved: Yes

• CSR: 98.5%

📊 Term Insurance Comparison India – Key Metrics

💡 Use an online insurance premium calculator for personalized quotes.

📌 How to Choose the Best Term Insurance Plan in India

Here are a few real-life, practical tips:

✔ Consider Your Life Stage

• Single or early career: Opt for basic term plans with low premium

• Married with kids: Choose higher sum assured and joint life option

• Near retirement: Consider limited pay options or whole-life covers

✔ Look at the Claim Settlement Ratio

A high claim settlement ratio means better chances of your nominee receiving the sum without hassles. Always check the latest IRDAI report.

✔ Evaluate Riders in Term Insurance

Useful riders to consider:

• Accidental death cover

• Critical illness benefit

• Premium waiver benefits

✔ Think Long-Term

Don’t just pick the cheapest. Look for value, trust, and consistent service from top term insurance companies India.

🧮 Real Example: ₹1 Cr Cover for 30-Year-Old Male

Profile: Male, Non-smoker, Age 30, looking for ₹1 crore cover till age 60.

👉 As seen, premiums vary but features and add-ons can justify the difference.

📝 Documentation Needed

To apply online or offline, you typically need:

• PAN and Aadhaar card

• Address proof

• Income proof (salary slips or ITR)

• Medical test (may be required based on age/cover)

📢 Pro Tips Before Buying

• Always compare 3–4 plans before deciding

• Choose sum assured of at least 10–15x your annual income

• Use the insurer’s website or a verified online aggregator

• Disclose health history accurately to avoid claim issues later

❓ FAQs – Answering Real Questions About Term Life Insurance India

1. Which is the best term insurance for family in 2025?

Max Life Smart Secure Plus and PNB MetLife Mera Term Plan Plus are ideal for families due to high CSR and joint life options.

2. What is claim settlement ratio in term insurance?

It’s the percentage of claims an insurer settles out of total claims received. The higher the CSR, the more reliable the insurer.

3. Is ₹1 crore cover enough in 2025?

For most middle-class families, ₹1 crore is a good start. Use an online insurance premium calculator to adjust based on your income, liabilities, and future needs.

4. What are premium waiver benefits?

These waive off future premiums if the policyholder suffers a disability or critical illness, while the policy remains active.

5. Are riders in term insurance worth it?

Yes. Riders like accidental death cover or critical illness benefit enhance protection at a nominal cost.

6. What is the role of IRDAI in term insurance?

IRDAI (Insurance Regulatory and Development Authority of India) regulates all insurance companies and ensures they comply with solvency, pricing, and customer service guidelines.

7. Can I buy term insurance online?

Absolutely. Many best online term plans India are cheaper and easier to manage digitally.

🏁 Final Thoughts

Choosing the top 10 term plans India in 2025 doesn’t have to be overwhelming. Just stay focused on your needs, compare smartly, and prioritize claim reliability over just the lowest premium.

Remember, term life insurance isn’t just a document—it’s a promise to protect the people who depend on you.