Popular Life Insurance Plans 2017

Popular Life Insurance Plans 2017 | Best Policies that give you maximum cover for you and your family, tax benefits | These are 10 best life insurance plans

popular life insurance plans 2017

Popular Life Insurance Plans 2017

Life insurance is the guarantee that your loved ones will be taken care of  financially in case of your untimely demise. When buying a life insurance, you have to pay yearly, half yearly, quarterly or monthly premiums to the company who is your insurer. Other than providing life cover to your family, life insurance plans provide tax benefits to the insured under Section 80C and 10(10D) of Income Tax Act, 1961.

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But before you choose a life insurance plan for you and your family, you should always research and analyse each and every insurance plan for which you are eligible. As it can be very tiring and difficult, we have compiled a list of the most popular insurance plans to make your job easy.

 

10 BEST LIFE INSURANCE POLICIES

 

HDFC Life Click 2 Protect Plus Plan

http://www.hdfclife.com/term-insurance-plans/click-2-protect-plus

This is a term insurance plan that provides you life cover for a specific period of time at affordable rates. The plan offers four life cover options and gives you the option to choose any one of them:

  1. Life Option: A lump sum is paid to the beneficiary of the insured in case of death of the insured.
  2. Extra Life Option: This plan pays the lump sum to the beneficiary along with an additional sum assured for death due to accident.
  3. Income Option: 10% of the sum assured is paid on the death of the insured, whereas the rest of the sum assured is paid as regular incomes for 15 years.
  4. Income Plus Option: 100% of the sum assured is paid on the death of the insured and 100% of the sum assured is also paid as regular incomes for 10 years as level or increasing(at 10%) manner.

Option to pay the premiums annually, half yearly, quarterly or monthly.

Minimum and maximum entry age: 18 years to 65 years

Maximum age at maturity: 75 years

Policy term: 5 to 40 years

Minimum sum assured: Rs. 25,00,000/-

 

Aegon Life iTerm Plan

https://www.aegonlife.com/insurance-plans/term-insurance/aegon-life-iterm-insurance-plan

This is also a term plan which means that it does not offer any maturity benefits to the insured. The plan also offers four life cover options:

  1. Aegon Life AD(Accidental Death) Rider: This option has the death by accident benefit where the beneficiaries receive a lump sum plus additional sum assured in case of death due to accident.
  2. Aegon Life WOP Rider on CI(Critical Illnesses): On being diagnosed with the any of these four terminal illnesses – Cancer, Open Chest CABG, First Heart Attack and Stroke, the future premiums on the basic policy and other riders will be waived off.
  3. Aegon Life iCI Rider: In case the insured is diagnosed with any of these four critical illnesses – Cancer, Open Chest CABG, First Heart Attack and Stroke, the sum assured under this rider will be paid to the insured.
  4. Aegon Life Women CI Rider: This option covers the critical illnesses in women. In case a woman is diagnosed with any of the diseases covered in the plan, the sum assured under this rider will be paid to the insured.
  5. Aegon Life iDisability Rider: In case of total or permanent disability of the insured, the future premiums will be waived under this plan and the basic plan too, and will also get the sum assured under this plan.

Minimum and maximum entry age: 18 years to 75 years

Policy term: 5 years to 40 years

Maximum age at the maturity: 75 years

Minimum sum assured: Rs. 10,00,000/-

 

LIC Amulya Jeevan 1 Plan

http://www.licindia.in/Products/Withdrawn-Plans/Amulya-jeevan-1.aspx

Buy this policy and support your family members even in your absence. The plan lets you pay the premiums yearly, half yearly or in a single premium mode.

The beneficiary gets the sum assured under the plan after the untimely death of the insured if the policy is still running.

Minimum and maximum entry age: 18 years to 60 years

Maximum age at maturity:70 years

Policy Term: 10 years to 40 years

Minimum sum assured: Rs. 25,00,000/-

 

Kotak Life Preferred e-Term Plan

http://insurance.kotak.com/online-insurance/eterm-epreferred-term-plan.php

Kotak Life Preferred e-Term is a term insurance plan and supports your family even when you are not there. There is

  • a basic plan that pays the beneficiary a lump sum at the death of the insured
  • Another e-Accidental Death Benefit rider plan that pays the lump sum on the death of the insured and an additional sum assured in case of death by accident.

You have an option to get the sum assured as a lump sum or as monthly payments. Also the future premiums under the plan and riders will be waved off in case of total or permanent disability.

Minimum and maximum entry age: 18 years to 65 years

Maximum age at maturity: 75 years

Minimum sum assured: Rs. 25,0,000/-

Policy Term: 10 years to 40 years

 

Max Life Online Term Plan

http://www.maxlifeinsurance.com/Plans/insurance-plans/online-term-plans/onlinePlan.aspx

Along with the lump sum that is provided to the beneficiary due to death of the insured under the basic plan, there is also a rider available known as the Accidental Benefit Rider that provides the benefit of lump sum at the death of the insured plus a sum assured in case of death due to accident. There are three options:

  1. Basic Life Cover
  2. Basic Life Cover plus Monthly Income
  3. Basic Life Cover plus Increasing Monthly Income

Minimum and maximum entry age: 18 years to 60 years

Maximum age at maturity: 70 years

Policy term: 10 years to 35 years

Minimum sum assured: Rs. 25,00,000/-

 

SBI eShield Plan

http://www.sbilife.co.in/sbilife/content/9_6971

SBI eShield ePlan is one of the most popular life insurance plan that offers the benefit of the basic life insurance plan along with options to add accidental death benefit. There are four plan options under this plan:

  1. Level Cover
  2. Level Cover with Accidental Death Benefit
  3. Increasing Cover
  4. Increasing Cover with Accidental Death Benefit

The accidental death benefit is upto 50,00,000 rupees. It is either the sum assured or 50,00,000 rupees, whichever is lower.

Minimum and maximum entry age: 18 years to 60 years(Level Cover)/65 years(Increasing Cover)

Maximum age at maturity: 70 years

Policy term: 5 years to 30 years(Level Cover), 5 years to 30 years(Increasing Cover)

Minimum sum assured: Rs. 20,00,000/-

 

Bajaj Allianz iSecure Plan

https://www.bajajallianzlife.com/term-insurance/isecure-insurance-plan.jsp

Bajaj Allianz iSecure is a popular life insurance plan that provides you an option to add your spouse also in the insurance. In case of individual life insurance, the sum assured is paid to the beneficiary. If your policy is joint policy, then the policy continues with reduced premiums from the surviving insured person.

Minimum and maximum entry age: 18 years to 60 years

Policy term: 10 years to 30 years

Minimum sum assured: Rs. 20,00,000/-

 

SBI Life Saral Shield Plan

http://www.sbilife.co.in/sbilife/content/9_7713

SBI Life Saral Shield plan is one of the cheapest insurance plan available. it offers three life cover options:

  1. Level Term Assurance
  2. Decreasing Term Insurance(Loan Protection)
  3. Decreasing Term Insurance(Family Income Protection)

Minimum and maximum entry age: 18 years to 60 years

Maximum age at maturity: 65 years

Policy term: 5 years to 30 years

Minimum sum assured: Rs. 7,50,000/-
Maximum sum assured: Rs. 24,00,000/-

 

ICICI Pru iProtect Plan

https://www.iciciprulife.com/term-insurance-plans/iprotect-smart-term-plan.html

ICICI Pru is a popular life insurance plan that offers your beneficiary to receive the sum assured as a lump sum, monthly incomes or increasing incomes. It also offers additional sum assured in case of death by accident. It lets you choose in which event do you want to secure your loved ones  – critical illness, terminal illness, death or accidental death.

Minimum and maximum entry age: 20 years to 65 years

Maximum age at maturity: 75 years

Policy term: 10 years to 30 years

 

Bharti Axa eProtect Term Plan

https://buyonline.bharti-axalife.com/eprotect/productdetails/index

Bharti Axa eProtect provides good option to protect your loved ones at a very affordable rates. The plan also offers an additional family care benefit that lets the beneficiary receive 1 lakh rupees within 48 hours of the death of the insured. The rest of the sum assured is given to the beneficiary as a lump sum or as monthly income.

Minimum and maximum entry age: 18 years to 65 years

Maximum age at maturity: 75 years

Policy term: 10 years to 30 years

Minimum sum assured: Rs. 25,00,000/-

 

Though there are hundreds of insurance policies available in the market, we have listed down the best ones for you. So, it will be easy for you to choose among these plans.

 

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