Life insurance is a contract that is made between the insurance company and the policyholder. In return for a premium, the company offers to pay money to the nominee of your policy. Such money can help a lot when there is a crisis. Also, for your family, such financial protection can mean a lot. But knowing about all the plans can be confusing. Therefore, today, we offer you bite-sized information on five of the best life insurance plans that you can easily choose in India.
1. Max Life online term plan plus
If you choose the Max Life term plan, you will get a minimum sum of money of 25 lakhs insured. For the maturity of the insurance, the candidate must reach the age of 75 years. However, the minimum age that is required for you to enter having the insurance is 18 years.
2. LIC Tech Term Plan
Everyone in India knows about LIC. Although they offer many types of life insurance today, we will discuss their tech term plan. In this plan, a candidate must be 18 years old to be eligible for the insurance. The sum assured in this life insurance is equal to 50 lakhs. Life insurance companies in the country do not generally offer such a high amount of money.
3. Aegon iTerm Plan
Aegon’s iTerm plan is again a fantastic life insurance plan that you can opt for. in this plan again, the minimum age of the candidate who is getting his/her life insured must be 18 years or above. As per the minimum sum of money, you must know that it is equal to Rs. 25 lakh. However, the maximum maturity age of this plan is 100 years.
4. SBI Shubhnivesh plan
You can trust SBI for anything, then why not trust them for their life insurance plan. Today, we have the Shubhnivesh life insurance plan for you. The maximum age in which you can have this plan is 60 years. If your age is above that, you will have to opt for some other plans. But, it is highly unlikely to get a good plan for people above this age. Other than that, the maturity age of this plan is 65 years.
5. Bajaj Allianz iSecure Term Plan
The iSecure Term Plan by Bajaj Allianz is one of the most amazing life insurance plans that you can choose. The minimum sum of money you can get insured with this plan’s help is 2.5 lakhs. How amazing is that? Like many other terms plans, the candidate’s entry age for this plan must be 18 years or above. Apart from that, the maturity age of the plan is 70 years.
There are many factors that one must compare before choosing a life insurance plan. However, we are here to provide you with the basic outline so that you get the general idea of companies across India. We hope that you liked what we presented and opt for a life insurance plan for you and your family as soon as possible.