Best Life Insurance Plans India 2018-19

• Premiums as low as Rs.18/day for sum assured of Rs.1 crore
• Paperless process available
• Choose between lump sum and monthly payout options

A life insurance plan is a must-have if you want to safeguard your dependents financially, in the event of an unfortunate eventuality. While there are a host of insurance plans offered by leading life insurance firms with varied benefits and features, finding the right insurance policy can seem like a daunting task given the sheer amount of options. Thus, here’s a list of the top 10 life insurance policies that are offered by life insurance firms in India for the year 2018-19.

1. LIC’s Jeevan Pragati Plan

The Jeevan Pragati Plan from Life Insurance Corporation of India (LIC) is a ‘with-profits’, non-linked, endowment plan that offers policy buyers the dual benefits of a savings cum protection tool.

Key Features of LIC’s Jeevan Pragati Plan:

Minimum Age at Entry	12 years
Maximum Age at Entry	45 years
Maximum Maturity Age	65 years
Minimum Sum Assured	Rs.1.5 lakh
Maximum Sum Assured	No limit
Policy Tenure	12 – 20 Years
Premium Payment Mode	Yearly Half-Yearly Quarterly Monthly

2. ICICI Pru iProtect Smart Plan

The iProtect Smart Plan from ICICI Prudential Life provides an enhanced coverage by offering a risk cover against death of the policyholder and also a cover against terminal illnesses and disability. Policy buyers are provided the option to choose any one of the four benefit/plan options and receive coverage accordingly.

Key Features of ICICI Pru iProtect Smart Plan:

Minimum Age at Entry	18 years
Maximum Age at Entry	65 years
Maximum Maturity Age	75 years
Minimum Sum Assured	Subject to the minimum premium amount
Maximum Sum Assured	No limit
Policy Tenure	5 – 40 years (based on the benefit option and premium payment term)
Premium Payment Mode	Single Yearly Half-Yearly Monthly
Premium Payment Term	Single Pay: Single Limited Pay: Policy Term – 5 years Regular Pay: Same as the policy tenure
Minimum Premium Amount	Rs.2,400 p.a.
Maximum Premium Amount	As per the company’s policy
Plan/Benefit Options	Life Life Plus Life and Health All in One

3. SBI Life eShield Plan

The eShield Plan from SBI Life is an individual, non-participating, non-linked, online, pure term insurance policy, which provides financial security to the policyholder’s dependents.

Key Features of SBI Life eShield Plan:

Minimum Age at Entry	18 years
Maximum Age at Entry	60/65 years, based on plan option
Maximum Maturity Age	70 years
Minimum Sum Assured	Rs.20 lakh
Maximum Sum Assured	No limit
Policy Tenure	12 – 20 Years
Premium Payment Mode	Yearly
Premium Payment Term	Same as policy term
Minimum Premium Amount	Rs.3,500
Maximum Premium Amount	No Limit
Plan Options	Level Cover Level Cover with Accidental Death Benefit Increasing Cover Increasing Cover with Accidental Death Benefit

4. HDFC Life Click2Protect 3D Plus Plan

The Click2Protect 3D Plus Plan from HDFC Life is a non-linked, non-participating, term insurance plan that comes with 9 plan options, thus ensuring that the policyholder can avail policy coverage as per his/her needs.

Key Features of HDFC Life Click2Protect 3D Plus Plan:

Minimum Age at Entry	18 years/25 years (varies as per plan option)
Maximum Age at Entry	65 years
Maximum Maturity Age	75 years/Whole of life (varies based on plan option)
Minimum Sum Assured	Rs.10 lakh
Maximum Sum Assured	As per company’s underwriting norms
Policy Tenure	5 – 40 years/Whole of life (varies based on plan option
Premium Payment Mode	Annual Semi-Annual Quarterly Monthly Single
Plan Options	Life Option 3D Life Option Extra Life Option Income Option Extra Life Income Option Income Replacement Option Return of Premium Option Life Long Protection Option 3D Life Long Protection Option

5. HDFC SL Crest Plan

The HDFC SL Crest Plan is a short-term, unit linked insurance policy that can provide you a life cover for the duration of the policy tenure and help you meet your financial goals with ease.

Key Features of the HDFC SL Crest Plan:

Minimum Age at Entry	14 years
Maximum Age at Entry	55 years
Maximum Maturity Age	65 years
Minimum Sum Assured	Entry Age under 45 Years: 10 x Annual Premium Entry Age of 45 years and above: 7 x Annual Premium
Maximum Sum Assured	Annual Premium x 20
Policy Tenure	10 years
Premium Payment Mode	Annual
Premium Payment Term	5 years
Minimum Premium Amount	Rs.50,000
Maximum Premium Amount	No limit

6. Kotak Life e-Term Plan

The e-Term Plan from Kotak Life is a term insurance plan that provides the policy buyer a risk cover for the duration of the policy tenure. This plan offers a high sum assured at an affordable cost.

Key Features of Kotak Life e-Term Plan:

Minimum Age at Entry	18 years
Maximum Age at Entry	65 years
Maximum Maturity Age	75 years
Minimum Sum Assured	Rs.25 lakh
Maximum Sum Assured	No limit
Policy Tenure	5 – 40 years or 75 years – age at entry
Premium Payment Mode	Single Yearly Half-Yearly Quarterly Monthly
Premium Payment Term	Regular Pay: Same as policy term Limited Pay: 5, 7, 10, or 15 years (will vary on the basis of the minimum policy term) Single Pay: One-time payment
Minimum Premium Amount	Will vary based on the age at entry, lifestyle, gender, plan option, sum assured, etc.
Maximum Premium Amount	No limit
Plan Options	Life Option Life Plus Option Life Secure Option

7. Aviva i-Life Plan

The i-Life Plan from Aviva Life Insurance is a pure term insurance plan that can be purchased online, in a hassle-free manner. The policy provides a risk cover against death, and a high sum assured is paid to the nominee in the event of the policyholder’s death.

Key Features of Aviva i-Life Plan:

Minimum Age at Entry	18 years
Maximum Age at Entry	55 years
Maximum Maturity Age	70 years
Minimum Sum Assured	Rs.25 lakh
Maximum Sum Assured	No limit
Policy Tenure	10 – 35 years
Premium Payment Mode	Annual Bi-annual
Premium Payment Term	Same as the policy term

8. Future Generali Care Plus Plan

The Care Plus Plan from Future Generali comes with two plan options – the Classic option and the Premier option. Under this plan, if the policyholder passes away during the policy tenure, a significant death benefit will be paid to the nominee.

Key Features of the Future Generali Care Plus Plan:

Minimum Age at Entry	18 years
Maximum Age at Entry	60 years
Maximum Maturity Age	65 years
Minimum Sum Assured	Classic option: Rs.10 lakh Premier option: Rs.25 lakh
Maximum Sum Assured	Classic option: Rs.24,99,999 Premier option: No limit
Policy Tenure	5 – 30 years
Premium Payment Mode	Yearly Half-Yearly Monthly
Premium Payment Term	Same as the policy term
Minimum Premium Amount	Classic option: Rs.2,500 Premier option: No limit
Plan Options	Classic option Premier option

9. Bajaj Allianz iSecure Plan

The iSecure Plan from Bajaj Allianz is a non-participating, term insurance policy that provides the policyholder a risk cover against death and a death benefit to the nominee in case the policyholder succumbs to an untimely death while the policy is in full force.

Key Features of Bajaj Allianz iSecure Plan:

Minimum Age at Entry	18 years
Maximum Age at Entry	60 years
Maximum Maturity Age	70 years
Minimum Sum Assured	Rs.2.5 lakh
Maximum Sum Assured	No limit
Policy Tenure	10 – 30 years
Premium Payment Mode	Monthly Quarterly Half-Yearly Yearly
Minimum Premium Amount	Yearly Premium Payment: Rs.1,000 Half-Yearly Premium Payment: Rs.500 Quarterly Premium Payment: Rs.250 Monthly Premium Payment: Rs.100 *Note: Minimum premium mentioned above applies to sum assured under Rs.20 lakh
Plan Options	Annual Renewable Term Insurance Plan Level Premium Term Insurance Plan

10. LIC’s New Jeevan Anand Plan

The New Jeevan Anand Plan from LIC is a non-linked, participating, endowment insurance plan which provides the policyholder or the nominee a range of benefits, such as a death benefit, a maturity benefit, and payment of additional bonuses.

Key Features of LIC’s New Jeevan Anand Plan:

Minimum Age at Entry	18 years
Maximum Age at Entry	50 years
Maximum Maturity Age	75 years
Minimum Sum Assured	Rs.1 lakh
Maximum Sum Assured	No limit
Policy Tenure	15 – 35 years
Premium Payment Mode	Yearly Half-Yearly Quarterly Monthly

In conclusion, purchasing a life insurance policy is one of the most important financial decisions you will have to make. Given the range of options you have, ensure that you compare policies, request for premium quotes from various insurers and purchase a plan that best matches your requirements.