Term insurance is the most important financial product most Indians do not have. If your family depends on your income, a term plan is non-negotiable.
Top 5 Term Insurance Plans (April 2026)
| Plan |
Rating |
Best For |
| Axis Max Life Smart Term Plan Plus |
4.7/5 |
Best overall balance |
| HDFC Life Click2Protect Supreme Plus |
4.4/5 |
Best insurer reliability |
| ICICI Prudential iProtect Smart Plus |
4.3/5 |
Best value with features |
| Bajaj Life eTouch II |
4.2/5 |
Most affordable premiums |
| Aditya Birla Sun Life Super Term Plan |
4.2/5 |
Built-in illness cover |
Claim Settlement Ratio — The Number That Matters Most
| Insurer |
CSR (Avg FY22–25) |
Solvency Ratio |
| Axis Max Life |
99.62% |
1.88x |
| HDFC Life |
99.55% |
1.94x |
| Bajaj Life |
99.21% |
4.37x |
| Aditya Birla Sun Life |
98.45% |
1.79x |
| ICICI Prudential |
98.03% |
2.05x |
Annual Premiums (₹2 Crore cover, age 30, non-smoker)
| Plan |
30, Male |
30, Female |
| Bajaj Life eTouch II |
₹20,132 |
₹16,234 |
| ICICI Pru iProtect |
₹19,093 |
₹16,229 |
| Axis Max Life |
₹20,656 |
₹17,558 |
| HDFC Life Click2Protect |
₹25,153 |
₹21,380 |
Always buy term insurance online — 20–30% cheaper than through an agent, identical policy.
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