Skip to content
15August.in

15August.in

  • Home
  • Trending Content
    • Sports Schedule
      • Australia tour of India 2023 Schedule
      • ICC Womens T20 World Cup 2023
    • Narendra Modi Daily Routine
    • SIP Mutual Fund
    • Best Mutual Funds
    • Mumbai Ahmedabad Bullet Train
    • Delhi Mumbai Expressway
    • Vande Bharat Express Trains
  • Gold Rates
    • 18k Gold Rates
      • 18k Gold Price in Ahmedabad
      • 18k Gold Price in Coimbatore
      • 18k Gold Price in Delhi
      • 18k Gold Price in Hyderabad
      • 18k Gold Price in Jaipur
      • 18k Gold Price in Kerala
      • 18k Gold Price in Kochi
      • 18k Gold Price in Kolkata
      • 18k Gold Price in Mumbai
      • 18k Gold Price in Pondicherry
      • 18k Gold Price in Chennai
      • 18k Gold Price in Trichy
      • 18k Gold Price in Pune
      • 18k Gold Price in Visakhapatnam
      • 18k Gold Price in Bangalore
      • 18k Gold Price in Vijayawada
      • 18k Gold Price in Kolhapur
    • Today Gulf Gold Rate
      • Gulf Gold Rate in Ajman
      • Gulf Gold Rate in Al ain
      • Gulf Gold Rate in Al khobar
      • Gulf Gold Rate in Buraidah
      • Gulf Gold Rate in Dammam
      • Gulf Gold Rate in Jubail
      • Gulf Gold Rate in Kuwait
      • Gulf Gold Rate in Muscat
      • Gulf Gold Rate in Oman
      • Gulf Gold Rate in Qatar
      • Gulf Gold Rate in Ras al khaimah
    • 23k Gold Rates
      • 23k Gold Price in Amritsar
      • 23k Gold Price in Bareilly
      • 23k Gold Price in Bhopal
      • 23k Gold Price in Bhubaneswar
      • 23k Gold Price in Chhattisgarh
      • 23k Gold Price in Dehradun
      • 23k Gold Price in Delhi
      • 23k Gold Price in Gorakhpur
      • 23k Gold Price in Gujarat
      • 23k Gold Price in Haryana
      • 23k Gold Price in Jabalpur
      • 23k Gold Price in Jalandhar
      • 23k Gold Price in Jalgaon
      • 23k Gold Price in Karnal
      • 23k Gold Price in Lucknow
      • 23k Gold Price in Ludhiana
      • 23k Gold Price in Maharashtra
      • 23k Gold Price in Meerut
      • 23k Gold Price in Mumbai
      • 23k Gold Price in Nagpur
      • 23k Gold Price in Pune
      • 23k Gold Price in Punjab
      • 23k Gold Price in Raipur
      • 23k Gold Price in Satna
      • 23k Gold Price in Uttarakhand
    • Gold Rate in Ahmadabad
    • Gold Rate in Bhubaneswar
    • Gold Rate in Coimbatore
    • Gold Rate in Hyderabad
    • Gold Rate in Jaipur
    • Gold Rate in Kerala
    • Gold Rate in Kolkata
    • Gold Rate in Lucknow
    • Gold Rate in Mumbai
    • Gold Rate in Nashik
    • Gold Rate in Patna
    • Gold Rate in Surat
    • Gold Rate in Vadodara
    • Gold Rate in Madurai
    • Gold Rate in Chennai
    • Gold Rate in Mysore
    • Gold Rate in Mangalore
    • Gold Rate in Bangalore
    • Gold Rate in Chandigarh
    • Gold Rate in Pune
    • Gold Rate in Delhi
    • Gold Rate in Vijayawada
    • Gold Rate in Nagpur
    • Gold Rate in Vizag
  • Business India
    • 33 Small Business Ideas
    • Business Ideas In Delhi
    • Business Ideas In Bangalore
    • Business Ideas In Hyderabad
    • Business Ideas for Women
    • Business Starts Rs.10000
    • Unique Online Business
    • Passive Income Ideas
  • Platinum Price in India
    • Platinum Price in Ahmedabad
    • Platinum Price in Bhubaneswar
    • Platinum Price in Chandigarh
    • Platinum Price in Vizag
    • Platinum Price in Bangalore
    • Platinum Price in Chennai
    • Platinum Price in Delhi
    • Platinum Price in Hyderabad
    • Platinum Price in Kerala
    • Platinum Price in Kolkata
    • Platinum Price in Lucknow
    • Platinum Price in Mumbai
  • Petrol Price In India
    • Petrol Price in Ahmedabad
    • Petrol Price in Jaipur
    • Petrol Price in Bangalore
    • Petrol Price in Chennai
    • Petrol Price in New Delhi
    • Petrol Price in Hyderabad
    • Petrol Price in Kolkata
    • Petrol Price in Mumbai
    • Petrol Price in Patna
    • Petrol Price in Pune
  • Diamond Rate in India
    • Diamond Rate in Bangalore
    • Diamond Rate in Chennai
    • Diamond Rate in Delhi
    • Diamond Rate in Guwahati
    • Diamond Rate in Hyderabad
    • Diamond Rate in Kanpur
    • Diamond Rate in Karnataka
    • Diamond Rate in Kerala
    • Diamond Rate in Kolkata
    • Diamond Rate in Lucknow
    • Diamond Rate in Maharashtra
    • Diamond Rate in Mumbai
    • Diamond Rate in Patna
    • Diamond Rate in Pune
    • Diamond Rate in Tamil nadu
    • Diamond Rate in Uttar pradesh
  • Toggle search form

How to choose Best Online Term Insurance Plan? – Top 5 Best Term Plans

Posted on March 1, 2022March 4, 2022 By indiashine
Online Term Insurance Plans are best for securing future of your family after your death with low cost premiums. Yes, Term Insurance Plans are made to cover you after death situation. Most of people are now turning to buy online term plans than going with Endowment Policy. Endowment policies are also good, but term insurance plans provides better cover and death benefits.

How to Choose Best Online Term Insurance Plan? – Top 5 Best Term Plans 2021

Online Term Insurance Plan
Below is guide on how to choose the best online term insurance plan, things to check before you buy term plan and which are top 5 best term plans available in Indian insurance market.

Things to Take care before you Buy Online Term Insurance Plan

Sum Assured: – Firstly, decide how much money your family will be needed after your death. Suppose, your age is 30 and you choose 20 year term plan. So, in case of uncertain death of yours, your family will get money (in 20 years of term). We need to choose 10 times amount of term plan than our annual income. For example, if you are earning 7 lakh per annual, you need Rs.70 lakh of term plan to fight with future inflation.
Years of Cover: – Most of the people (salaried) retire at 60 years. But our experts who suggest that one should atlest take cover till 65 years of age. Don’t buy 15-20 years of cover, as the premium of term plan is quite low. Approx. Rs.5000 of yearly premium you need to pay For Rs.25 lakh of sum assured term plan. (While in other endowment plans, you end up paying high premiums).
Accident Cover: – Is your term plan cover accidental death too? If yes, it will be plus point. India has high road accidents, and term plan which provides you accident cover will give much benefit to your family after your death.
Critical Illness: – If you or your family has history of having critical illness like cancer or any other major diseases, you better buy a term plan which covers major diseases. There are many online term plans available in market which provides you good cover on critical diseases.
Income After Death :- instead of paying all sum assured in one shot, there are options available upon which, your family will get sum assured money in installments (say monthly pay outs). This will help your family members for better financial planning of money.
Adjusted Coverage Plans: – There are many plans available which provides you to increase or decrease your term plan cover. You can increase your cover when you get child or you can decrease cover plan after some age. Such options will get benefit you to avoiding high premium rates at the retirement age. You can choose multiple options; just don’t blindly follow any single plan.
 
Low Premium Rates: – Many people go for low premium term plan which does not provide many facilities like illness cover or accidental cover. It is advisable to go for the term plan which gives you better cover instead of low premiums.
Claim Settlement Ratio: – While choosing the term plan, go with the insurance company which has better claim settlement ration. Claim settlement ratio is published by IRDA (Insurance Regulatory and Development Authority). Every year IRDA publish claim settlement ratio of all insurance companies which provides you easy data to analyze which company pays better after death of the insurance buyer. In short, Claim settlement ratio gives you glimpse of how is after sales service of insurance company.
Buy Online: – You don’t need to go to the insurance company to buy term plans, you can buy online term plans from website of insurance company and you can start the cover right now. Just take care of the above mentioned points before you buy term plans.
Always buy good cover term plan instead of low premium term plan. Though, Term plans are quite cheap. You can get Rs.1 cr of cover for just Rs. 18/- per day.

Top 5 Best Online Term Plans In India

As you have seen the list of things you need to take care while buying term plan, now check out list of top 5 best term plans;

#1 :- LIC eTerm Policy (Table 825) :- LIC (Life Insurance Company of India) has top most claim settlement ratio in india. LIC tops with 95.51% of benefit amount given and 98.19% no of policies have claimed death benefit in last one year. LIC no doubt best insurance company also has good credit in Indian insurance market. Apart from LIC eTerm 825 plan, LIC Anmol Jeevan II and LIC Amulya Jeevan II are also good term insurance plans from LIC.

#2 Max Life Insurance: – Max Life Insurance has 93.59% of claim settlement ratio in last year with     96.03% policy claimed benefits in Max Life Insurance. Max Life insurance provides monthly income after death and raising monthly income options in term plan. You can check the max life insurance term plans.

#3 TATA AIA :- TATA AIA’s iRaksha TROP is good term plan. If you are looking for limited sum assured plan with low premium rates, you can go for TATA AIA iRaksha term plan. This term plan also provides facility of single, limited, regular pay of sum assured. You can get death benefit, maturity benefit, surrender benefit and tax benefit too.

#4 Aegon Religare :- Aegon Religare’s term plan provides cover up to 75 years of age and with critical illness included. Apart from that, accidental deaths, women’s critical illness are also covered. Aegon Religare has 85.93% of claim settlement ratio too. Overall, Aegon Religare is the only term plan which provides you better features and low cost premium rates.

#5 Kotal Life Insurance Preferred e-Term Plan: – Kotak Insurance is big name of Indian insurance sector. Kotak eTerm Plan provides you facility to pay premium rates in monthly or yearly. Also, same facility in sum assured to when your family receives death benefit. Kotak Life insurance has 90.69 % of good claim settlement ratio.

These are the tips to choose better online term insurance plan and top 5 best term plans in india. Hope our guide will help you to choose better term plan.

Also read :-

  • [Review] ICICI Pru iProtect Smart – Online Term Insurance Plan 
  • Review of HDFC Life Click 2 Retire Online ULIP
  • Bajaj Allianz iSecure Plan Review
  • PNB MetLife’s Mera Term Plan Review 
  • LIC vs Mutual Funds – Best Tax Saving Option
Insurance Policy

Post navigation

Previous Post: Difference Between PMEGP Loan vs Mudra Bank Business Loan
Next Post: 112 – India’s Single National Emergency Number

Jan Suraksha Schemes

  • Gold Monetizaton Scheme
  • Buy Sovereign Gold Bond
  • Atal Pension Yojana
  • PM Suraksha Bima Yojana
  • PM Jeevan Jyoti Bima Yojana

Upcoming Sports Schedules

  • Australia tour of India 2023 Schedule
  • ICC Womens T20 World Cup 2023 Schedule
  • PSL 2023 Schedule
  • ODI World Cup 2023 Schedule
  • ISL Match Today 2022-23

Helpful Links

  • Duplicate Voter ID Card
  • Apply For Duplicate PAN Card
  • How To Apply for PF Account
  • How to Apply for Learning License Online
  • How to Apply for Permanent Driving License
  • How to Apply for Pan Card India
  • How to Apply for Passport
  • How to Join Swachch Bharat
  • Register Complain Indian Railways
  • File Complaints in Consumer Court
  • Independence Day Speech By PM
  • How to File RTI
  • Download Sample WILL Format

Useful Links 15august

  • Benefits of Sukanya Samriddhi
  • LPG GAS subsidy Scheme
  • Kisan Vikas Patra
  • Beti Bachao Beti Padhao
  • Soil Health Card
  • Statue of Unity
  • Sansad Adarsh Gram Yojana
  • Gold Price in USA Today

New LIC Plans

  • LIC Jeevan Pragati
  • LIC Jeevan Labh
  • LIC Jeevan Akshay
  • LIC Credit Cards
  • LIC Jeevan Tarun Policy Table 832
  • Varishtha Pension Bima Yojana
  • LIC Jeevan Sangam
  • LIC Children’s Money Back Plan
  • LIC Jeevan Lakshya
  • LIC Kanyadan Policy

Important Days

  • Rashtriya Ekta Diwas
  • Independence Day Celebration
  • Bal Swachhta Mission – 14th November
  • Pravasi Bhartiya Divas
  • Republic day 26th January
  • Good Governance Day – on 25th December

Wifi Router Settings

  • 192.168.10.1
  • 192.168.1.1
  • 192.168.0.1
  • 10.0.0.0.1

Best Investment Ideas

  • 10 Best SIP Mutual Funds
  • Top 10 Best Stocks to Buy
  • Best Mutual Funds to Invest
  • Best Small Cap Shares to Invest
  • Mutual Fund SIP Return Calculator Online

All Business India

  • Stand Up India-Small Business Loans
  • Small Business with Investment of Rs.10000
  • Business ideas for Women
  • 10 Passive Income Ideas (Extra Income)
  • Business Lessons from Mukesh Ambani
  • Take Loan From Mudra Bank
  • Online VAT Registration Process
  • Start Selling on Flipkart, Amazon
  • Websites to Earn Money Online
  • How Start Restaurant Business in India ?
  • Small Business Ideas
  • Top 10 Best Business Ideas In Bangalore
  • Top 10 Best Small Business Ideas In Hyderabad 
  • Top 10 Small Business Ideas In Delhi

Pradhan Mantri Yojana

  • 3 New Urban Development Schemes
  • PM Jan Suraksha Schemes
  • Atal Pension Yojana
  • Give Up LPG Subsidy
  • Pradhanmantri Jan-Dhan Yojana
  • Pradhan Mantri Suraksha Bima Yojana
  • Pradhan Mantri Jeevan Bima Yojana
  • Sansad Adarsh Gram Yojana
  • Beti Bachao Beti Padhao

Copyright © 2022 India Shine.

Powered by PressBook WordPress theme