Top Life Insurance Plans in 2020

Top Life Insurance Plans in 2020

Life insurance holds immense significance. After all, what could be more important than life? However, one thing you might want to keep in mind that a person buys life insurance policy not because he is afraid of death or that he is going to die but because he cares for his family and his loved ones are going to live.


And for their adequate living without any financial obstacles, you must make sure that your family does not have to worry about anything after you will no longer be there in person to take care of them. And what better way could be there than life insurance?


A life insurance policy makes sure that the living of your family is not interrupted by any sort of financial crisis. It offers a lump sum to the nominee in case of the death of the life insured. And even if the insured outlives the policy term, it will still offer a lump sum amount.


Since we cannot predict what the next moment might bring into our life, we must make sure that we are protected ready against any sort of uncertainties that life has to throw on us. And buying life insurance in this case is not the final answer.


Along with buying a life insurance policy, you must ensure that the policy you are buying is effective and good enough to bring you perfect returns and provide additional monetary benefits to your family in your absence. This is the reason why considering the top-notch life insurance plans become a necessity. Nobody would be able to digest the fact of investing money to buy life insurance and not getting the cover they deserve.


But, there are 24 life insurance Companies in India and each company has multiple life insurance plans catering to different and individual benefits. So it’s quite understandable that zeroing in on any particular life insurance product from any particular provider could be a tricky job.


To make this job of your easy and smooth, I’m giving you an insight to some of the top life insurance plans in 2020:


List of Top Life Insurance Plans in 2020:


Life Insurance Plan Name

Entry Age

Policy Term

Sum Assured

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Aegon Life iTerm Plan

18 years

75 years

5 years

40 years

10 Lakh

NA

Aviva I-Life Plan

18 years

55 years

10 years

35 years

25 Lakh

NA

Bajaj Allianz i-Secure

18 years

70 years

10 years

30 years

20 Lakh

NA

Bharti AXA e-Protect Term Plan

18 years

75 years

10 years

30 years

25 Lakh

Na

HDFC Click2Protect Plus

18 years

65 years

10 years

30 years

10 Lakh

10 Crores

HDFC Life Sanchay

30 years

45 years

15 years

25 years

1,05,673

NA

HDFC SL Crest

14 years

55 years

10 years

10 years

(7 or 10) x Annual Premium

20 x Annual Premium

ICICI Pru iProtect

20 years

75 years

10 years

30 years

3 Lakh

NA

Kotak Life Preferred e-Term

18 years

75 years

10 years

40 years

25 Lakh

NA

LIC Amulya Jeevan

18 years

60 years

5 years

35 years

25 Lakh

NA

LIC New Jeevan Anand

18 years

50 years

15 years

50 years

1 Lakh

NA

LIC Term Plan

18 years

75 years

10 years

35 years

50 Lakh

NA

Max Life Online Term Plan

18 years

70 years

10 years

35 years

25 Lakh

100 Crores

SBI eShield Plan

18 years

70 years

5 years

30 years

20 Lakh

NA

SBI Shubh Nivesh Plan

18 years

60 years

5 years

30 years

75000

NA

 

The above chart consists of the top life insurances plans in 2020. Depending on your unique requirements you can go for the life insurance plan from any particular insurer that suits you. Make sure that you choose the right cover and Sum Insured.

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