Updated: June 2025
Confused about which term insurance to buy in 2025? You’re not alone. With so many options — LIC, HDFC, ICICI, Max Life, and more — choosing the right plan can be overwhelming. This guide simplifies it for you.
What is Term Insurance?
Term insurance is a pure life cover plan that provides financial protection to your family if something happens to you. You pay a fixed premium, and in return, your nominee gets the sum assured in case of your untimely demise.
No maturity benefits. Only pure protection.
Why Buy Term Insurance in 2025?
- Affordable premiums (₹1 crore cover under ₹500/month)
- Tax benefits under Section 80C & 10(10D)
- Online purchase options with instant policy issuance
- Flexibility to choose return of premium, increasing cover, etc.
Top 5 Term Insurance Plans for 2025 (Comparison Table)
| Insurer | Plan Name | Max Cover | Claim Settlement Ratio | Key Highlight |
|---|---|---|---|---|
| LIC | LIC Tech Term | ₹1 Cr+ | 98.52% | Govt-backed trust & security |
| HDFC Life | Click 2 Protect Super | ₹2 Cr | 99.39% | Covers critical illness & ROP |
| ICICI Prudential | iProtect Smart | ₹1.5 Cr | 97.82% | Optional cancer/accident riders |
| Max Life | Smart Secure Plus | ₹2 Cr | 99.34% | Return of premium + level cover |
| Tata AIA | Sampoorna Raksha Supreme | ₹2 Cr | 99.01% | Customisable cover durations |
Which Plan is Right for You?
- Young working professional (age < 35) → LIC Tech Term or HDFC Click 2 Protect
- Married with kids → Max Life Smart Secure with Return of Premium
- NRI or salaried in MNC → Tata AIA Sampoorna Raksha (global coverage options)
Things to Check Before Buying
- Claim Settlement Ratio (CSR) above 97%
- Online vs Agent-based cost difference
- Riders like accidental death, critical illness, waiver of premium
- Premium freeze vs increasing cover option
- Medical tests (optional vs mandatory)
FAQs
Q. What is the best age to buy term insurance?
A. The earlier, the better — premiums are lowest when you’re under 30.
Q. Is LIC Tech Term better than private companies?
A. LIC offers trust and reputation, but private players often provide more flexibility and lower premiums.
Q. Should I go for return of premium (ROP)?
A. ROP gives back premium if you survive — but the cost is higher. Choose it only if you’re conservative.
Ready to Buy?
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📌 Final Thoughts
Term insurance is one of the most important financial decisions you’ll make. Don’t delay it. Whether you prefer LIC’s trust or HDFC’s flexibility — pick the one that suits your family’s needs.
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