Best Life Insurance Policies in 2018

SBI Life eShield:

SBI Life eShield is a non-linked online insurance plan which provides higher returns on premiums. It’s designed basically to safeguard your family in your absence and secure them financially. The plan does not offer survival benefits at the time of maturity. Without involving paperwork and agent meeting, you can apply for the plan with just a click.

Features of SBI Life eShield:

Cover options under the eShield plan	• Level Cover • Level Cover with Accidental Benefit • Increasing Cover • Increasing Cover with Accidental Benefit
Maximum age at entry	• 65 years for both Level Cover and Level Cover with Accidental Death Benefit • 60 years for Increasing Cover and Increasing Cover with Accidental Death Benefit
Minimum age at entry	18 years
Minimum sum assured	Rs.20,00,000
Maximum sum assured	No limit (subject to underwriting)
Minimum policy term	• 5 years (For Level Cover & Level Cover with Accident Benefit) • 10 years (For Increasing Cover & Increasing Cover with Accident Benefit)
Premium payment mode	Yearly
Premium term	Same as policy term
Minimum premium amount	Rs.3,500
Maximum premium amount	No limit

HDFC Life Click 2 Protect Plus:

Click 2 Protect Plus is a term insurance plan launched by HDFC life that assures an extensive protection to your loved ones against life’s uncertainties. Even their timely necessities will be taken care of with a monthly income under the Income and Income Plus Option.

Features of HDFC Life Click 2 Protect Plus:

Cover options under Click 2 Protect Plus	Life option: It offers a lump sum at death of the policyholder . Extra life option ( Accidental Death Benefit): It provides an extra sum assured in addition to the lump sum offered on death . Income Option: Provides 10% of sum assured on death and the remaining is paid out on a monthly basis for 15 years . Income Plus Option: The option provides 100% of sum assured on death and also an arrears on 100% of sum assured which is paid on a monthly basis .
Minimum age at entry	18 years
Maximum age at entry	65 years
Minimum sum assured	Rs.25 lakhs
Maximum sum assured	No limit (subject to underwriting)
Premium payment mode	Yearly, half-yearly, quarterly, or monthly
Premium paying term	Regular, limited, or single

Aviva i-Life:

Aviva i-Life is a term insurance plan that offers a comprehensive financial protection to your family in case of your death. The plan which comes at a nominal cost acts as an additional backup when your loved ones are faced with unfortunate incidents. Aviva i-Life is a protection plan and hence it doesn’t offer maturity benefits. Refer to the below table for features of Aviva i-Life.

Features of Aviva i-Life:

Minimum entry age	18 years
Maximum entry age	55 years
Maturity age	70 years
Minimum policy term	10 years
Maximum policy term	35 years
Premium payment frequency	Yearly and half-yearly
Premium payment term	Equals the policy term
Riders	None
Tax	Tax benefits under Section 80C will be applicable

Future Generali Care Plus:

Emotional losses are irreparable, yet we can secure the lives of our beloved ones and provide them a smooth living even in our absence. Care Plus is a simple life insurance plan that offers a high life cover at an easily affordable price, which will ensure a complete financial protection of your family even when you are not around. Care Plus comes in two types—Classical Option and Premier Option.

Features of Future Generali Care Plus (Classic Option):

Minimum entry age	18 years
Maximum entry age	60 years
Minimum sum assured	Rs.10,00,000
Maximum sum assured	Rs.24,99,999
Minimum policy term	5 years
Maximum policy term	30 years
Maximum coverage age	65 years
Minimum premium	Rs.2,500 per annum
Premium modes	Yearly, half-yearly, quarterly, and monthly

Features of Future Generali Care Plus (Premier Option):

Minimum entry age	18 years
Maximum entry age	60 years
Minimum sum assured	Rs.25,00,000
Maximum sum assured	No limit
Minimum policy term	5 years
Maximum policy term	30 years
Maximum coverage age	65 years
Minimum premium	Rs.5,000 per annum
Premium modes	Yearly, half-yearly, quarterly, and monthly

Birla Sun Life BSLI Protect@Ease Plan:

BSLI Protect@Ease Plan is a term insurance plan that guarantees an end-to-end financial protection to your family in the event of your death. The plan has been tailored to meet each and every requirement of a family, and hence it comes with flexible coverage options. BSLI Protect@Ease plan also rewards the policyholders for maintaining healthy life habits. Tax benefits as per the Income Tax Act are applicable.

Features of BSLI Protect@Ease Plan:

Minimum entry age	18 years
Maximum entry age	65 years
Plan options	• Level Term Insurance • Increasing Term Insurance
Minimum policy term	5 years
Maximum policy term	40 years
Premium paying term	• Single payment • Limited Payment • Regular Payment
Premium payment mode	Yearly or monthly
Minimum Sum Assured	Rs.30,00,000
Maximum Sum Assured	No limit (subject to underwriting)
Riders available	• BSLI Accidental Death & Disability Rider • BSLI Hospital Care Rider

LIC’s Jeevan Pragati Plan:

Jeevan Pragati is a non-linked life insurance plan offered by LIC, which is a combination of life cover and savings. The plan qualifies for an automatic increase in risk cover in every 5 years during the term. Policyholders can also avail loan facility under LIC’s Jeevan Pragati Plan.

Features of LIC’s Jeevan Pragati Plan:

Minimum entry age	12 years
Maximum entry age	45 years
Policy term	12 to 20 years
Minimum basic sum assured	Rs.1,50,000
Maximum basic sum assured	No limit
Maximum age at maturity	65 years
Premium payment modes	Yearly, half-yearly, quarterly, and monthly

Max Life Online Term Plan Plus Basic Life Cover:

The Max Life term plan comes with a protection solution that secures the future of your family even in your absence. The plan offers extensive coverage with add-ons such as benefit rider, premium waiver options, etc. It’s purely a life insurance cover which offers death benefits and no maturity benefits.

Features of Max Life Online Term Plan Plus Basic Life Cover:

Minimum entry age	18 years
Maximum entry age	60 years
Policy term	10 years to 40 years
Minimum sum assured	Rs.25 lakhs
Maximum sum assured	100 Crores
Premium payment term	Equal to policy term
Premium payment mode	Yearly, half-yearly, quarterly, and monthly

ICICI Prudential iProtect Smart:

ICICI Prudential iProtect Smart is an enhanced life protection plan that takes care of the financial worries of your family in case of your death. It also covers against terminal illness and disability and comes with special benefits for women. You can choose the level of protection under iProtect Smart at the time of entry.

Features of ICICI Prudential iProtect Smart:

Minimum entry age	18 years
Maximum entry age	65 years
Minimum age at maturity	23 years
Maximum age at maturity	75 years
Benefit options	Life, Life Plus, Life & Health, and all in one
Premium payment term	Single, regular, or limited
Minimum premium	Rs.2,400 per annum
Accidental death benefit	Subject to sum assured chosen by the policyholder
Minimum critical illness benefit	Rs.1,00,000
Minimum sum assured	Equals to minimum premium amount
Maximum sum assured	No limit
Mode of premium payment	Single, yearly, half-yearly, and monthly

Bharti Axa Life Elite Secure:

It’s an affordable plan that provides an extensive financial support to the dependents of the insured, in case an unfortunate incident takes place. The plan offers competitive premium rates and comes with an option to cover your life till 75 years of age. Tax benefits under Section 80C and 10(10D) are applicable.

Features of Bharti Axa Life Elite Secure:

Minimum entry age	18 years
Maximum entry age	• 75 years for the policy term of 10, 15, 20, and 25 years. • 65 years for a term period of 5 years
Minimum sum assured	Rs.25,00,000
Premium payment term	Equals policy term
Premium payment modes	Yearly, half-yearly, quarterly, and monthly

PNB MetLife Mera Term Plan:

Mera Term Plan, as the name suggests, is a tailor made life insurance cover that offers a comprehensive protection to your family in your absence. The payouts are available as a lump sum plus regular monthly income, lump sum plus increasing monthly income, and lump sum plus regular monthly income till your child attains 21 years of age.

Features of PNB MetLife Mera Term Plan:

Minimum entry age	18 years
Maximum entry age	65 years
Minimum sum assured	Rs.10,00,000
Age at maturity	75 years
Policy term	10 years to 40 years
Premium payment term	Equals the policy term