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Best Term Life Insurance Plans — India 2025-26

Compare 8 top term plans by claim settlement ratio, premium, and max cover.

Compare
Best Term Insurance Plans 2025-26

Sample premium: 30yr male, non-smoker, ₹1 Crore cover, 30yr term. CSR = Claim Settlement Ratio 2023-24.

PlanPremiumCSRMax CoverKey Feature
iSelect Smart360
ICICI Prudential
₹690/mo99.17%₹20CrReturn of premium option
Click2Protect Super
HDFC Life
₹720/mo99.39%₹25CrCritical illness rider
Saral Jeevan Bima
LIC
₹850/mo98.73%₹1CrGovt-backed, highest trust
Smart Shield
SBI Life
₹770/mo97.05%₹25CrAccidental death benefit
DigiShield
Bajaj Allianz
₹650/mo98.02%₹10CrLowest premium
e-Term Plus
Max Life
₹730/mo99.51%₹100CrHighest claim settlement ratio
Mera Term Plus
Canara HSBC
₹670/mo98.89%₹15CrAffordable pure protection
Kaushalya
TATA AIA
₹680/mo99.01%₹20CrTerminal illness cover
How Much Life Cover Do You Need?
10–12×
Annual income
30yr
Recommended term
Early
Buy young → lower premium
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