7 Best Term Insurance Policies to Invest In 2017

Term insurance policy is the most basic form of life insurance, which is very much important for people who are the only breadwinner of their family. A term insurance policy is considered to be the most economical way of getting life cover in which the sum assured is paid to the family members in case of death of the policyholder. It is also called as pure term insurance because it serves only the sole purpose of a life insurance policy which is cover for life. Term insurance policies also allow you to choose your policy term, according to your need and situation.
With the availability of so many term plans, choosing the best term plan in India becomes tricky sometimes. That?s why in this blog, we have listed down the 7 best term insurance policies to invest in 2017, so that on the basis of various term plan comparison, you can choose the right one for yourself.
ICICI Pru iProtect Smart
This term plan by ICICI offers you a 360 degree cover at a very reasonable price. It also gives you the flexibility to design your plan according to your need and condition, so that you can get maximum benefit from it.
Key Features

• Gives you cover against death, terminal illness and disability
• Special premium rates for non-smokers
• Option to receive your benefit in the form of lump-sum or monthly income
• Tax benefit for premiums paid and benefits received
• Flexibility to pay your premium at once or throughout the policy term

HDFC Life Click2Protect Plus
This term plan by HDFC is a comprehensive protection plan which is available at a very affordable price. With a wide range of cover options and various other benefits, this term plan helps you to protect your loved ones against uncertainties related with life.
Key Features

• Flexibility to choose from a variety of covers like Life Option, Extra Life Option, Income Option, Income Plus Option
• Option to increase your sum assured at key milestones of your life
• Select from a wide range of policy term (10-40 years)
• Choose from Regular, Limited and Single premium payment term

Bajaj Allianz isecure
This term insurance policy offered by Bajaj Allianz is a level cover term assurance plan which secures your family member against uncertain events of life, in the form of high sum assured but at a low cost. This term plan is one of the most economical term plans in the market.
Key Features

• Discount on high sum assured
• Option of 10, 15 ,20 25 and 30 years policy term
• Flexibility to include your spouse in the same policy
• Option of changing your premium payment frequency
• Tax benefit for premiums paid and benefits received

Future Generali Care Plus
This term plan by Future Generali Care Plus offers you protection at affordable premium without any maturity or surrender benefits. This plan takes car care of your growing protection needs and acts as a complete solution for the perfect life cover.
Key Features

• Financial security to family at an economical price
• Discount on premium for a higher sum assured
• Tax benefit under Income Tax Act, 1961
• Option to choose from Care Plus classic and Care Plus Premium

Edelweiss Tokio Life Total Secure+
This term plan by Edelweiss Tokio is an online term plan which gives life cover with an option to cover up to 35 critical illnesses. This term plan gives you multiple customizable options which makes this plan very flexible and effective.
Key Features

• Flexible premium paying term
• Accelerated critical illness benefit
• Tax benefit under section 80C and 10 (10D)
• Option to add various riders

Aegon Life term insurance plan
This term insurance plan offered by Aegon Life ensures protection for your loved ones at a fraction of the cost. This plan gives you the option of monthly payout option also which can act as your regular monthly income
Key Features

• Option to choose your death benefit from the available 2 options
• Inbuilt Accidental death benefit
• Policy term available up to 75 years
• Tax benefit as per Tax laws

IDBI Federal Termsurance Life protection insurance plan
This term insurance policy offered by IDBI Federal gives a complete protection to your family members in case of your demise. With affordable price and high sum assured, this plan offers you various flexibilities and benefits.
Key Features

• Discount on premium for a high sum assured
• Various premium payment options
• Tax benefit under Income Tax Act, 1961
• Discount on premium for women

A term insurance policy helps you to give a financially secured future to your family in case of your demise. Being a pure life insurance product, a term insurance policy gives only life cover without any maturity or surrender benefit. So analyze the above mentioned best term insurance policies of 2017 and give a complete protection to your family in the most economical way.