Aditya Birla Sun Life Protector Plus Plan
This term insurance plan is one of the top term insurance plans to buy in 2021. It offers options to choose the sum assured for the entire term or increasing the Sum Assured by 5% or 10% every year. A higher sum assured amount is available at a nominal premium rate. You can choose a minimum sum assured of Rs 50 lakh.
Features and Benefits
- The premium rates are different for males, and or females and smoker and non-smoker
- Choice of 5 Rider options for extra protection
- Receive the death benefit as annual income
- Policy rewards For maintaining a healthy lifestyle
- save on tax under Section 80C of the Income Tax Act
- You can make payment on a monthly, quarterly, half-yearly or annually basis
Aegon Life iTerm Plan
AEGON Life iTerm is another term insurance policy, come inbuilt with terminal illness benefits. A pure term plan, this policy provides you with lumpsum payment and regular income to the family in case of the demise of the policyholder. Life coverage until the age of 80 years is available under the plan.
Features and Benefits
- This term insurance plan provides coverage till the age of 80 years
- Additional rider benefits as accidental death rider benefits and critical illness benefits
- Option to increase life coverage according to your increasing life stage requirements
- Choice of riders against Accidental Death, Critical Illness and Disability
- Tax benefit under section 80C of the Income Tax Act.
- Flexibility on premium payment mode
- A lower premium rate for non-smokers and female insurance buyers
Ageas Federal iSurance Flexi Term Plan
This term insurance is a non-linked and non-participating term insurance plan that has been designed to provide financial security to the family against the eventuality of the death of the policyholder. This policy has been crafted to secure the financial future of your loved one.
Features and Benefits
- Lump-sum with the conversion option
- Fixed monthly income benefit
- Lump-sum + fixed monthly income benefit
- Lump-sum + increasing monthly income benefit
- accidental death benefit rider option to increase the coverage of the policy
- Taxes under Section 80C of the Income Tax Act
- A rebate on a higher sum assured amount and for the female policy buyers
Bajaj Allianz eTouch Online Term Plan
This is one of the top term insurance policies to be bought in 2021. Bajaj Allianz has designed this plan for complete family protection of the policyholder at a low premium rate. A non-participating pure term plan, eTouch Online Term Plan comes with 4 different life cover options.
Features and Benefits
- The plan offers death benefits and, tax benefits
- This is one of the and affordable term plans
- A guaranteed annual pay-out to the family for 15 years in event of the demise of the insured
- Tax benefits under Sections 80C and 10(10D) of the Income Tax Act
- Two different options for pay-outs are available
- You enjoy a free-look period of 15 days
Bharti AXA Term Plan eProtect
Bharti AXA Term Plan eProtect is an online term insurance policy that provides comprehensive cover to the family of the policyholder in any emergency case. A traditional Plan without Bonus facility, Bharti AXA Term Plan eProtect requires the insured to pay the premium till the end of the Policy Term as chosen.
Features and Benefits
- No Maturity Benefit, but the Sum Assured is paid as Death Benefit to the nominee if the Life Insured dies within the Policy Tenure.
- This plan is purely for protection purposes with unique family care benefits
- Option to pay the premiums annually or semi-annually
- Facility to customize the plan as per your needs
- Choose the insurance coverage amount and tenure of the policy as per your suitability
- Tax benefits under Section 80C of the Income Tax Act
Conclusion
Term insurance is important for every individual to take care of their family after the demise of the insured person. The above plans are some of the terms insurance plans you can buy in 2021. However, there are many other plans which you can find here. However, to choose the best term insurance, do check the Claim Settlement Ratio, Availability of Riders, Solvency Ratio of the Insurer, Customer Service of the insurance provider.
