Breaking News
Home > insurance > Compare To Choose The Best Online Term Insurance Plans In India

Compare To Choose The Best Online Term Insurance Plans In India

Advertisement

Online insurance plan, as name suggest are insurance plans offered by insurance companies at online interface without any medical check up. Which means now customers can visit on the official website of the insurance company to get the policy in minutes. In contrast of offline insurance plans, online insurance plans offers more benefit to their customers like better insurance cover at lower premium. Term Insurance is one form of insurance which is attracting people a lot because of the kind protection it offers to its customers. So lets have a look at the different term plans available in India:-

ICICI Pru iCare

icici

Advertisement

ICICI pru iCare plan is an online term insurance plan which offers its customers to get an insurance plan just in 10 minutes and at the comfort of their home.

  • Pure Term Plan
  • Instant life cover to the insured
  • No medical check up required
  • Online buying process
  • Additional option to add Accident Death Benefit for upto Rs. 50 lakhs
  • Higher cover limit for home loan customers
  • Fixed premium– No increase in premium beyond the quotation
  • Saves you tax on premiums paid u/s 80C
  • Provides one of the highest age at maturity at 75 years
Kotak e-Preferred

kotak_term_insurance

  • Life cover at low premium
  • Online buying process
  • Less premium rates for non-tobacco users* and women
  • Life cover Step-Up option available at important stages of your life to increase sum assured
  • No medical check up required on exercising the Step-Up option
  • Instant life cover to the insured
  • Saves you tax on premiums paid u/s 80C
AVIVA (i-Life)

aviva

  • No maturity benefits as It is a pure Term Insurance plan.
  • Online buying process
  • An additional rebate for female lives of 5%.
  • There is a rebate for large Sum Assured.
  • Saves you tax on premiums paid u/s 80C
MET LIFE (Met Protect)

metlife

  • Online buying process
  • Lower premium for non-smoker and female insurers
  • Tax benefits under section 80C on premium
IndiaFirst (Anytime Plan)

indiafirst

  • Online buying process
  • Saves you tax on premiums paid u/s 80C
Aegon Religare (iTerm)

aegon

  • Completely online process
  • Covers all forms of death, even terrorist attacks
  • Re 1 crore life cover for Rs.8000 only*
  • Saves you tax on premiums paid u/s 80C
Future Generali (Smart Life)

future_generali

  • Online buying process
  • Pure term insurance plan with no maturity benefit.
  • Standard rates for smoker and non-smokers
  • No medical check up required up to the age of 45 for sum assured up to Rs.30 lacs
  • Provides large sum assured rebates
  • Saves you tax on premiums paid u/s 80C

SUM ASSURED

ICICI

(Pru iCare)

Kotak

(e-Preferred)

Aviva

(i-Life)

Metlife

(Met Protect)

IndiaFirst

(Anytime Plan)

Aegon Religare

(iTerm)

Future Generali

(Smart Life)

MinimumRs 10 lakhs Minimum 

Rs 25 lakhs

Minimum 

Rs 25 lakhs

Minimum 

Rs 25 lakhs

MinimumRs 10 lakhs MinimumRs 10 lakhs MinimumRs 15 lakhs
MaximumUpto 18- 50 Yrs
Rs 1.50 Cr.

Age 51 to 65 Yrs
Rs 70 lakhs

Maximum 

No Limit

Maximum 

No Limit

Maximum 

No Limit

Maximum 

Rs 49 lakhs

Maximum 

No Limit

Maximum 

Rs 50 lakhs

 

POLICY TERM

ICICI

(Pru iCare)

Kotak

(e-Preferred)

Aviva

(i-Life)

Metlife

(Met Protect)

IndiaFirst

(Anytime Plan)

Aegon Religare

(iTerm)

Future Generali

(Smart Life)

Minimum5 Years Minimum5 Years Minimum 

10 Years

Minimum 

10 Years

Minimum 

5 Years

Minimum 

5 Years

Minimum 

8 Years

Maximum

Regular Pay
30 YearsOne Pay
10 Years
Maximum30 Years Maximum 

35 Years

Maximum

Regular Pay
35 YearsSingle Pay
15 Years
Maximum30 Years Maximum25 Years Maximum30 Years

 

ICICI Pru iCare : Policy term will be in multiples of 5 years

ENTRY AGE (As On Last Birthday)

Advertisement

ICICI

(Pru iCare)

Kotak

(e-Preferred)

Aviva

(i-Life)

Metlife

(Met Protect)

IndiaFirst

(Anytime Plan)

Aegon Religare

(iTerm)

Future Generali

(Smart Life)

Minimum

18 Years
Minimum18 Years Minimum18 Years Minimum18 Years Minimum18 Years Minimum18 Years Minimum18 Years
Maximum

65 Years
Maximum65 Years Maximum 

55 Years

Maximum 

60 Years

Maximum 

60 Years

Maximum 

60 Years

Maximum 

60 Years

 

AGE AT MATURITY

ICICI

(Pru iCare)

Kotak

(e-Preferred)

Aviva

(i-Life)

Metlife

(Met Protect)

IndiaFirst

(Anytime Plan)

Aegon Religare

(iTerm)

Future Generali

(Smart Life)

Maximum75 Years Maximum

70 Years
Maximum 

70 Years

Maximum 

70 Years

Maximum 

70 Years

Maximum 

65 Years

Maximum 

68 Years

 

PREMIUM PAYMENT MODE

ICICI

(Pru iCare)

Kotak

(e-Preffered)

Aviva

(i-Life)

Metlife

(Met Protect)

IndiaFirst

(Anytime Plan)

Aegon Religare

(iTerm)

Future Generali

(Smart Life)

Single

Yearly

YearlyHalf Yearly

Quarterly

Monthly

YearlyHalf Yearly YearlyHalf Yearly

Single

SingleMonthly

Half-Yearly

Yearly

Yearly Yearly

 

RIDERS

ICICI

(Pru iCare)

Kotak

(e-Preffered)

Aviva

(i-Life)

Metlife

(Met Protect)

IndiaFirst

(Anytime Plan)

Aegon Religare

(iTerm)

Future Generali

(Smart Life)

Accidental Death Benefit No Riders No Riders No Riders No Riders No Riders No Riders

 

TAX BENEFIT

In all the above plans :-

Premium paid towards the policy will be eligible for tax benefit u/s 80C of the Income Tax Act, 1961.

Leave a Reply

Your email address will not be published. Required fields are marked *

*