Top 7 Cheap Term Insurance In India for 2022 – Here in this post we are discussing about List of 7 Top Cheapest Term Life Insurance Plans in India for 2022. Term insurance is a sort of life insurance policy that covers you for a set amount of time, or “term,” of years. In the event of your death, term insurance or a term plan can assist secure the future of your family and those financially dependent on you. If the policyholder passes away within the policy term, the nominee is entitled to the cover amount, generally called as the death benefit or sum assured. The premium for term insurance is determined by the individual’s health, age, and life expectancy.
Insurance and investment should also be kept separate, according to investment gurus. If you keep your insurance and investment separate, you will have better insurance coverage and a higher return on investment.
In a term plan, the person purchasing the insurance continues to pay the premium for a certain amount of time. If the insured person dies during this time, the sum insured is paid to his or her family or nominee.
Term Life Insurance plans provide coverage at relatively low prices. Term plans are typically available for 10, 15, 20, 25, or 30 years.
What is Term Life insurance In India?
For life insurance, a term plan is the best option. It provides financial security to your family in the event of a disaster. However, the policyholder does not get any money when the plan matures.
Top 7 Cheap Term Insurance In India for 2022
Here we are providing the full details of Best Cheapest Term Life insurance Plan In India for 2022.
| Plan Name | Sum Assured (Minimum) | Policy Term (in years) | Yearly premium for a 25-year-old male non-smoker |
| LIC Tech Term | ₹ 50 lakhs | 30 | ₹ 4,838 |
| LIC Jeevan Amar | ₹ 25 lakhs | 30 | ₹ 3,983 |
| HDFC Click2Protect Life | ₹ 50 lakhs | 30 | ₹ 5,625 |
| Aegon Life iTerm | ₹ 25 lakhs | 30 | ₹ 2,725 |
| SBI Poorna Suraksha | ₹ 20 lakhs | 30 | ₹ 4,457 |
| Tata AIA Maha Raksha Supreme | ₹ 50 lakhs | 30 | ₹ 5,800 |
| ICICI Prudential iProtect Smart Term Plan | ₹ 50 lakhs | 30 | ₹ 6,228 |
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