10 Best Life Insurance Plans in India 2025

Aditya Birla Sun Life Insurance

Considered to be among the best life insurance policies is the Aditya Birla Sun Life Insurance Policy. The Aditya Birla Group and Sun Life Financial Inc., a multinational financial services business with headquarters in Canada, collaborated on this insurance project, which produced Aditya Birla Sun Life Insurance Company Limited.

Birla Aditya The development and growth of the life insurance industry have been greatly aided by Sun Life Insurance. With more than two million policyholders, the company provides a wide array of plans, including wealth-oriented protection solutions, retirement solutions, health and wellness coverage, savings with protection options, and protective solutions. With more than 500 cities, 560 locations, a committed staff of more than 85,000 empanelled advisers, and more than 140 partnerships with corporate agents, brokers, and banks, their vast distribution network is unmatched.

Features of Aditya Birla Sun Life Term Insurance Plan

SBI Life eShield

One of the best life insurance plans offered in India is SBI Life eShield. You can easily purchase this non-linked, non-participating pure-term insurance plan via the official company website. SBI Life eShield is a popular option for policyholders since it provides significant insurance coverage at a reasonable premium cost. The SBI Life eShield online purchasing procedure is simple and convenient. The purpose of this all-inclusive plan is to offer policyholders customised advantages while guaranteeing the family of the covered person is protected in the event of unforeseen circumstances. The insured also receives a tax benefit from the program.

Features of SBI Life eShield

HDFC Life Click 2 Protect Plus

HDFC Life Click 2 Protect Plus, a pure protection plan, offers comprehensive coverage at cost-effective premium rates. This non-linked, non-participating term insurance plan provides protection for you and your family in the face of life's unexpected events. With its outstanding features and a range of additional cover options, this plan is considered the top choice for protection

Features of HDFC Life Click 2 Protect Plus

Aviva i-Life

Aviva Life Insurance is recognized as one of the premier life insurance companies in India. The primary objective of their pure-term plan, Aviva i-Life, is to provide financial protection to the policyholder's beneficiaries in case of an unfortunate event of their premature demise. This policy can be conveniently purchased online without the need for an agent's assistance. Moreover, customers opt for higher Sum Assured amounts and females enjoy additional benefits under this plan.

Features of Aviva i-Life

Future Generali Care Plus

Future Generali Life Insurance Company Ltd. is the result of a partnership between the Future Group, Generali Group, and Industrial Investment Trust Limited. As a result, policyholders can protect their families' financial future by using Future Generali Care Plus, a conventional pure-term plan. Customers can select and tailor their insurance coverage and savings with this policy's two types based on their ability to pay premiums.

Features of Future Generali Care Plus (Classic Option)

Features of Future Generali Care Plus (Premier Option)

Birla Sun Life BSLI Protect@Ease Plan

Aditya Birla Sun Life Insurance ranks among the leading Life Insurance Companies in India. Their online term insurance plan, BSLI Protect@Ease, is available for purchase on their website, offering substantial coverage at affordable rates. We all desire the best for our families, including the assurance of their protection even in our absence. Birla Sun Life Insurance makes it easy with Protect@Ease, allowing you to safeguard your family's future while still supporting their dreams and goals. BSLI ensures a user-friendly experience when it comes to insurance; with just a few clicks, you can secure a hassle-free, on-demand insurance policy for your loved ones. You have various options when selecting a term insurance policy, including the duration of coverage, the sum assured, and more. This plan has been tailor-made to cater to your needs and is often recognised as one of the best Life Insurance Plans in India.

Features of BSLI Protect@Ease Plan

LIC's Jeevan Pragati Plan

On 3 February 2016, the Life Insurance Corporation of India (LIC) launched the Jeevan Pragati Policy. This policy falls under the category of non-linked endowment policies, and it offers an increasing death benefit every five years over the policy's duration. The Jeevan Pragati policy was introduced as the third plan by LIC in 2016, following Jeevan Shikhar and Jivan Labh. It is designed to cater to individuals seeking insurance coverage, with an age eligibility range from 12 years to 45 years. The policy's term can vary between 12 years and 20 years, allowing flexibility for policyholders.

Features of LIC's Jeevan Pragati Plan

Max Life Online Term Plan Plus Basic Life Cover

Max Financial Services Limited and Axis Bank Limited have formed a joint venture known as Max Life Insurance Company Limited. This partnership is part of the Max Group, a diverse Indian conglomerate that includes Max Financial Services Ltd. Max Life Insurance Company Limited is renowned for providing some of the best life insurance options in India. It specialises in comprehensive protection and long-term savings life insurance solutions, utilising a multichannel distribution network that encompasses agency and third-party distribution partners. One of their notable offerings is the Max Life Online Term Plan Basic Life Cover, available through the company's website. This pure-term plan effectively addresses protection needs by offering substantial coverage at affordable premiums.

Features of Max Life Online Term Plan Plus Basic Life Cover

Bharti Axa Life Elite Secure

Bharti AXA Life Insurance is the result of the partnership between the Indian giant Bharti Enterprises and the worldwide financial services company AXA Group, which has its headquarters in Paris. Seventy-four percent of this partnership is owned by Bharti Enterprises, and the remaining twenty-six percent is held by AXA Group. India's telecom sector was largely founded by Bharti Enterprises, which was doing business as Bharti Airtel Limited. With more over 70 million customers, it is currently the biggest private-sector telecommunications service provider in the nation. A number of conventional non-participating Savings and Protection plans are available from Bharti AXA Life Insurance, one of which is the Bharti AXA Life Elite Secure Plan. This plan offers financial stability and help to the policyholder's family in the event of their mortality or upon maturity by guaranteeing annual payouts in the form of life insurance.

Features of Bharti Axa Life Elite Secure

PNB MetLife Mera Term Plan

PNB MetLife Life Insurance Company involves several stakeholders, including MetLife International Holdings LLC, Punjab National Bank Limited, Jammu and Kashmir Bank Limited, and M. Pallonji and Company Limited. The collaboration between MetLife International Holdings and Punjab National Bank has significantly contributed to the company's expertise in both the insurance and financial sectors. This partnership positions MetLife International Holdings as one of the world's pioneering insurance firms. The company extends its services to customers through an extensive network of 8,000 locations, which include banks and various financial institutions, in addition to its own branches. This widespread presence ensures accessibility and convenience for its clients.

Features of PNB MetLife Mera Term Plan

A lack of awareness remains a significant obstacle to the widespread adoption of life insurance, exacerbated by the multitude of insurance products available. Nevertheless, most life insurance policies share common features. Therefore, it is advisable to identify your specific needs and carefully compare insurance offers from top insurers.

Upon payment of premiums for a predetermined policy term, a comprehensive Life Insurance Policy is issued to the policyholder by the life insurance company. Life Insurance acts as a safety umbrella for the financial future of your loved ones by offering a lump sum payment, commonly referred to as a death benefit, in case of an unfortunate event. Additionally, certain life insurance policies may entitle you to a Maturity Benefit after the policy term expires.

In this article, we have compiled a list of the finest Life Insurance Plans in India provided by some of the country's foremost insurance companies.

Factors Influencing Your Life Insurance Premiums

1. Age - Your age is a significant determinant of the premium for a life insurance plan. Younger individuals typically pay lower premiums, and the premium gradually increases as they age.

1. Health - Both your current health and medical history can impact the cost of your life insurance policy. If you have pre-existing conditions or a history of health issues that could reoccur or affect your well-being, you may face higher premiums.

1. Family's Medical History - A family history of certain medical conditions can increase your possibility of developing them as well. Consequently, you might be required to pay a higher premium if your family has a history of hereditary ailments.

1. Type of Coverage -The type of coverage you choose will determine how much your life insurance plan will cost. For example, the cost for your plan will go up if you add more riders. In addition, a premium for a longer policy term could be more than for a shorter one. Additionally, the premium will vary depending on the kind of life insurance policy you choose. For example, the most economical choice is typically term life insurance.

1. Status of your Employment - If you have a high-risk occupation, your life insurance premium may be higher than average. Jobs with inherent risks, such as those in construction or involving regular exposure to hazardous substances, often result in higher premiums.