Choosing the best term insurance plan in India is important to get long-term financial protection for your loved ones. As the medical costs are increasing, financial responsibilities are growing day by day, and lifestyle risks are rising, the top term insurance plan helps protect your family against life's difficult situations. Insurers in 2026 are offering various attractive features like affordable premiums, critical illness riders, high life cover,and flexible payout options. Comparing the good term insurance plans in India as per the insurance coverage, claim settlement ratio (CSR), and premium amount benefits allows you to make the right decision that suits your financial goals. Let’s look at the list of best term insurance plans in India:
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Buy the best term insurance plan in India at Rs.13/day. Compare and choose the right policy from the list of all term insurance in India 2026. These plans offer different life cover options for different annual incomes. Find the most affordable and high coverage plan that fits your financial needs.
| Private Insurer | Term Insurance Plan | Entry Age | Sum Assured | |
| HDFC Life Insurance | HDFC Life Click 2 Protect Supreme | 18 – 65 years | 10,000 Lacs - no Limit | |
| ICICI Prudential Life Insurance | ICICI Pru iProtect Smart Plus | 18 – 65 years | 25 Lacs – 20 Crores | |
| Tata AIA Life Insurance | Tata AIA Sampoorna Raksha Promise | 18 – 65 years | 25 Lacs – No limit | |
| SBI Life Insurance | SBI Life Smart Shield Plus | 18 – 65 years | 25 Lacs – No limit | |
| Bajaj Life Insurance | Bajaj Life eTouch II | 18 – 65 years | 50 Lacs – No limit | |
| Axis Max Life Insurance | Axis Max Smart Term Plan Plus | 18 – 60 years | 25 Lacs – 20 Crores | |
| Go Digit Life Insurance | Digit Glow Term Insurance | 18 – 65 years | 25 Lacs – 1 Crore | |
| Aditya Birla Sun Life Insurance | ABSLI Super Term Plan | 18 - 65 years | 25 Lacs – No limit | |
| India First Life Insurance | India first Life Plan | 18 - 60 years | 1 Lac - 50 Crores | |
| Kotak Mahindra Life Insurance | Kotak e-Term Insurance | 18 – 65 years | 51 Lacs - No limit | |
| Canara HSBC Life Insurance | Canara HSBC Young Term Plan - Life Secure | 18 – 45 years | 25 Lacs – No limit | |
| Shriram Life Insurance | Shriram Life Online Term Plan | 18 - 55 years | 25 Lacs - 10 Crores | |
| PNB Met Life Insurance | PNB Mera Term Plan Plus | 18 - 60 years | 25 Lacs - No limit | |
| Star Union Dai-ichi Life Insurance | SUD Life e-Lifeline | 18 - 60 years | 25 Lacs - 1 Crore | |
| Pramerica Life Insurance | Pramerica Life Saral Jeevan Bima | 18 - 65 years | 5 Lacs - 25 Lacs | |
| Aviva Life Insurance | Signature 3D Term Plan - Platinum | 18 - 65 years | 30 Lacs - 5 Crores | |
| Future Generali Life Insurance | Future Generali Care Plus Plan | 18 - 60 years | 10 Lacs - No limit | |
| Reliance Nippon Life Insurance | Reliance Nippon Life Super Suraksha Plus | 18 - 60 years | 2 Crore - No limit | |
| Ageas Federal Life Insurance | Termsurance Life Protection Insurance Plan | 18 - 60 years | 5 Lacs - No limit | |
| Bandhan Life Insurance | Bandhan Life iTerm Prime | 18 – 65 years | - | |
| Bharti Axa Life Insurance | Bharti AXA Flexi Term Pro | 18 - 65 years | 25 Lacs - No limit | |
| Edelweiss Life Insurance | Edelweiss Life Zindagi Protect Plus | 18 – 65 years | 50 Lacs – No limit | |
| Public Insurer | ||||
| Life Insurance Corporation of India Ltd. | LIC New Jeevan Amar | 18 - 65 years | 25 Lacs - No Limit | |
Note: You can calculate the 1 crore term insurance premium amount from Term Insurance 1 Crore Calculator as per your requirements and life goals and LIC term insurance plan 1 crore premium calculator can also be used to calculate the premiums of LIC Term insurance 1 crore plans. In the same way, SBI term insurance 1 crore calculator can be used to compute premiums of SBI term insurance 1 crore plans.
Disclaimer: *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 ‘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
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Following is a list of the best term insurance plans in India 2025 offered by the term life insurance companies.
Here is how term insurance plan in India in 2026:
One of the main factors in selecting the term life insurance plan for the financial protection of your family is deciding on the right sum assured option. Below are the options available for sum assured amounts that are for you:
The Best Term insurance in India will have a much more affordable premium than other types of life insurance. You can buy term insurance at ₹13/day, making it easier to secure your family’s future while also supporting long-term goals like FIRE (Financial Independence, Retire Early).
Various insurance advisors suggest that you buy term plan in India as early as possible to secure a large life cover at highly affordable premiums.
With the best term insurance plans, you can get covered under the plan till you turn 99/100 years old and ensure the financial protection of your family.
The premiums once selected remain constant for the entire policy tenure, unless you increase the life stage benefit at marriage, childbirth, or home loan. You can also use a home loan insurance calculator to see the approximate premiums you would need to pay for a new home loan insurance.
You can claim up to Rs. 46,800 as term insurance tax benefits on the premiums paid under section 80C of the Income Tax Act, 1961.
Many top term insurance companies in India offer term insurance for NRI and PIO/OCI customers, which allows them to secure the financial security of their loved ones, without travelling back to India.
With the important term insurance riders in India, you can get comprehensive protection against various eventualities.
Compare term coverage options tailored for non-resident Indians across major regions. Scroll the cards or use the arrows to explore.
Term insurance is a type of life insurance that provides pure, high-coverage protection for a specific period (the "term") at affordable premiums. If the policyholder dies during this term, the insurer pays a predetermined sum assured to the beneficiaries. It offers no savings or cash value upon maturity, making it a cost-effective way to secure financial stability for dependents.
Term insurance is a type of life insurance that provides pure, high-coverage protection for a specific period (the "term") at affordable premiums. If the policyholder dies during this term, the insurer pays a predetermined sum assured to the beneficiaries. It offers no savings or cash value upon maturity, making it a cost-effective way to secure financial stability for dependents.
Policybazaar makes it easier to compare term insurance plans from different insurers on one platform. The details are mentioned in a simple format, so you can check the coverage, premiums, and add-ons without feeling confused about the information. The buying process is mostly smooth, with almost no paperwork and after purchase, you can get quick access to your policy whenever you need it. If you get stuck, you can just request a call and talk to an advisor who helps you figure out what suits your situation. Their team also supports families during claims, so they aren’t running around for updates. Overall, it’s a practical and reliable place to buy term insurance.
A 1 crore term insurance sum assured policy is a term insurance plan that offers the death benefit of 1 Crore on the policyholder's death. The policyholder's family will receive the amount to care for their financial needs, like paying rent and child’s fees, taking care of any remaining loans, and fulfilling any other financial goals.
The cost of 1 Crore term insurance starts at just ₹409 per month for an 18-year-old male. However, the premium also depends on the basic factors of the insurance seeker, such as the age at the time of purchasing the plan, gender, smoking habits, health condition, income, etc.
1 Crore Term insurance plans can be purchased by anyone over 18 years of age, and the upper limit of age for purchasing a term policy for 1 crore falls between 60 to 65 years, depending on the insurer.
1 crore term plan is suitable for:
Large families having spouse, children, siblings, and parents
Limited income groups with large financial commitments People having liabilities and debts
Those who want to ensure their children's financial future in their absence
The benefits of the 1 Crore term insurance plan are:
High sum assured/life cover at low premium rates
Complete protection for your family members
Tax benefits
Helps save more money if opted early
Secures loans, debts, and liabilities of the family
The value of ₹1 crore after 20 years will decrease significantly because of inflation. With a 6% inflation rate, a 1 crore would buy what Rs. 20-30 lakhs can buy.
To compare 1 Crore term plans, you can visit policybazaar.com and compare different plans available in the market. Policybazaar will provide premium rates from various insurance companies based on your eligibility.
Ans: Choosing a term insurance plan is influenced by various individual factors:
On surviving the policy term, nothing will be payable for standard term plans but if you have opted for the term return of premium plans, you will be eligible to receive the premiums paid back at the end of the policy term. In case your policy was purchased before 22nd September 2025, the premiums returned will exclude GST.
You can use the term insurance calculator on Policybazaar’s website to calculate the 1 crore term insurance premium rates by providing some basic details such as income range, age, and smoking habits.
The right age to buy a 1 crore term insurance is as early as possible. This way, you will be able to secure a larger life cover for a longer policy duration at low premium rates. However, you must make sure to understand what is term insurance before buying the right term plan for yourself.
Whether ₹1 crore is enough to retire at 50 depends on your current lifestyle, expected monthly expenses, inflation rate, and life expectancy.
The 1 cr term insurance plans offer the following term insurance riders.
Critical Illness Benefit Rider
Accidental Death Benefit Rider
Accidental Total Permanent Disability Rider
Terminal Illness Benefit Rider
Waiver of Premium Benefit Rider
Hospicare Benefit Rider
The premium of SBI Life term insurance 1 crore is Rs. 791. This can be calculated using SBI term insurance calculator from Policybazaar.
You can buy the 1 cr term plan online by following the below steps:
Step 1 - Visit the term insurance plan online
Step 2 - Fill in your name, contact number, and gender
Step 3 - Enter your smoking habits, educational background, occupation type, and annual income
Step 4 - Select the most suitable plan and proceed to pay
The minimum income requirement to buy term plan of Rs. 1 Crore varies from insurer to insurer. Generally, an annual income of Rs. 5 Lakhs or more is needed to buy 1 crore term insurance policy.
The 1 cr term insurance plans offer the following term insurance riders.
Critical Illness Benefit Rider
Accidental Death Benefit Rider
Accidental Total Permanent Disability Rider
Terminal Illness Benefit Rider
Waiver of Premium Benefit Rider
Hospicare Benefit Rider
A Tata AIA 1 crore term insurance plan offers Rs. 1 crore life cover for your family members, and acts as a financial safety net with tax benefits u/s 80C, affordable premiums, and benefits like waiver of premium, instant claim payouts, and flexible payment options.
The premium of LIC term insurance crore can be calculated using LIC term insurance 1 crore calculator. You can visit Policybazaar and compare the best LIC term insurance 1 crore plans. To know more about, click on LIC term insurance 1 crore premium calculator.
You can invest 1 crore to get regular monthly income in life insurance tools like term insurance. Term insurance acts as an income replacement which means it replaces your income in times of job loss.
An HDFC 1 crore term plan provides Rs 1 crore to your family at affordable premiums, covering major expenses such as education, loans, daily needs. It offers a high life cover with features like premium breaks, critical illness, claim payouts and financial security against the uncertainties of life.
The best 1 crore policy depends on a person’s individual needs. For example, if a person requires a 1 crore term insurance to cover them until their kids are no longer dependent on them, the best 1 crore policy would be different for them compared to someone who needs a term plan to cover them for their whole life.
The average premium for a 1 crore term insurance ranges from Rs. 300 to Rs. 1200, payable monthly. You can visit Policybazaar to compare and select the most suitable 1 cr term insurance for your family.
˜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 ‘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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