Life Insurance Plans in India

These days, life insurance plansĀ are considered as one of the major pillars of financial planning. A life insurance policy not only provides financial protection to the family in case of an eventuality but also works as a long-term investment option to achieve the financial objectives of life. However, with an extensive range of insurance policies available in the market, choosing the best life insurance policy which fulfils all your requirements is always a tricky task to do. Thus, it is imperative to compare various plans online and make sure that the plan you choose offers all the benefits.

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To help you choose the best insurance policy, here we have listed the life insurance plans in India to invest in.

Insurer Company Term Insurance Plan Sum Assured
Private Insurer
HDFC Life Insurance HDFC Life Click 2 Supreme 10,000 - No Limit ( > 65 years: Rs 50,000) Apply Now
ICICI Prudential Life Insurance ICICI Pru iProtect Smart Plus Term Plan 50 Lacs – 20 Crores Apply Now
Tata AIA Life Insurance Tata AIA Sampoorna Raksha Promise 25 Lacs – No limit Apply Now
SBI Life Insurance SBI Life eShield Next 50 Lacs – No limit Apply Now
Bajaj Life Insurance Bajaj Life eTouch II 50 Lacs – No limit Apply Now
Axis Max Life Insurance Axis Max Smart Term Plan Plus 25 Lacs – 20 Crores Apply Now
Digit Life Insurance Digit Glow Plus 25 Lacs - 20 Crores Apply Now
Aditya Birla Sun Life Insurance ABSLI DigiShield 30 Lacs – No limit Apply Now
India First Life Insurance India first Life Plan 1 Lac - 50 Crores Apply Now
Kotak Mahindra Life Insurance Kotak e-Term Insurance 51 Lacs - No limit Apply Now
Canara HSBC Life Insurance Canara HSBC Young Term Plan - Life Secure 25 Lacs – No limit Apply Now
Shriram Life Insurance Shriram Life Online Term Plan 25 Lacs -- 10 Crores Apply Now
PNB Metlife India Insurance PNB Mera Term Plan Plus 25 Lacs - No limit Apply Now
Star Union Dai-ichi Life Insurance SUD Life e-Lifeline 25 Lacs - 1 Crore Apply Now
DHFL Pramerica Life Insurance Pramerica Life Saral Jeevan Bima 5 Lacs - 25 Lacs Apply Now
Aviva Life Insurance Signature 3D Term Plan - Platinum 30 Lacs - 5 Crores Apply Now
Future Generali Life Insurance Future Generali Care Plus Plan 10 Lacs - No limit Apply Now
Reliance Nippon Life Insurance Reliance Nippon Life Super Suraksha Plus 2 Crore -- No limit Apply Now
Ageas Federal Life Insurance Termsurance Life Protection Insurance Plan 5 Lacs - No limit Apply Now
Bandhan Life Insurance Bandhan Life iTerm Prime - Apply Now
Bharti Axa Life Insurance Bharti AXA Flexi Term Pro 25 Lacs -- No limit Apply Now
Edelweiss Tokio Life Insurance Zindagi Protect Plus 50 Lacs – No limit Apply Now
Public Insurer
Life Insurance Corporation of India LIC Jeevan Amar 25 Lacs - No Limit Apply Now
Insurer Name Investment Plans 5 Year ReturnsĀ  10 Year Returns
Private Insurer
SBI Life Insurance Company SBI Life-eWealth Plus 15.7% 12.3%
HDFC Life Insurance Click2Invest 28.1% 21%
Axis Max Life Insurance Online Savings Plan 28.6% 17.8%
ICICI Prudential Life Insurance EzyGrow - Wealth 25.1% 17.7%
Tata AIA Life Insurance Smart Fortune Plus-Wealth Secure 27.3% 17.9%
Bajaj Life Insurance Smart Wealth Goal V 27.5% 18.8%
Birla Sun Life Insurance Wealth Smart Plus 22% 15.4%
Kotak Mahindra Life Insurance E-Invest Plus 20.7% 14.2%
PNB MetLife India Insurance Smart Goal Ensuring Multiplier-Wealth 20.3% 15%
Canara HSBC Life Insurance Promise4Growth Plus - Wealth 15.6% 10.9%
Star Union Dai-ichi Life Insurance e-Wealth Royale 14.2% 10.2%
Pramerica Life Insurance Smart Invest 1 UP 27.4% 17.9%
Bandhan Life Insurance iInvest Advantage Plan 20.1% 13.8%
Public Insurer
Life Insurance Corporation of India LIC India Index Plus 13.3% 14.9%

*Disclaimer:Ā The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

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Wrapping it Up!

These life insurance plans offered by the life insurance company to cater to the needs of the insurance seekers. Moreover, according to your own choice you can choose the policy online and buy the policy is easy and hassle free-way.

Other than the above-mentioned life insurance policies, there many other plans available in the market. Make your choice and pick a company that offers services to your best likings.

Note: Check out the best term insurance policy in India and choose one that suits your requirements.

Note: You should also check the benefits of term insurance if you are planning to purchase the term insurance plan.


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Author's Bio
Varun Agarwal
Varun Agarwal IRDAI Certified Term Insurance Expert with 10+ Years of Experience

Varun has spent years in the insurance space, but what drives him isn't policies or premiums — it's the conversations he's had with real people. A young father in Pune wondering if his salary is enough. A newly married couple in Jaipur putting off "the insurance talk" for later. A mother in Chennai who never knew her husband was underinsured until it was too late.
These stories stay with him. As Head of Term Insurance at Policybazaar, Varun knows the numbers well — 52.4% of Indians are aware of term insurance, yet only 9.6% own it. And 87% of families don't realise they're leaving their loved ones with far less protection than they actually need. But behind every statistic, he sees a family that just needed someone to sit with them, explain it simply, and help them take that one step. That's exactly what Policybazaar's term insurance is built to do. In his words, "Most people aren't avoiding protection — they're just waiting for someone to make it easy. That's what we're here for."

Write to Varun

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ā€˜first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

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