Buy These Best Term Insurance Plans In 2021 To Secure Your Family


Securing the future of our family is one of the top priorities for the majority of us. We do so much hardwork, make money and invest it further so that we can help our family live the kind of lifestyle they want. However, life is not always the same for everyone. In many cases, we have seen that people die way before their usual age and the families then struggle a lot to deal with their situation, especially the finances.

If you worry about one such situation and do not want your family to come across those kinds of struggles, then it is time you should consider term insurance. As a matter of fact, term insurance is something that might not help you a lot in your life but can be a great financial support to your family in your absence. On your sudden demise, your family will get a sum assured which can take care of their financial needs for years.

There are various types of term insurance plans in India that come with several features and benefits. You can choose from the wide variety and opt for the one that suits your needs. Here are some of the best term insurance plans in India in 2021 mentioned herein below:

LIC Tech Term Plan

LIC Tech Term Plan provides financial support to the family of the policyholder in case of his/her demise within the term tenure. This term insurance plan is popular for its important features like two death benefit options including Level Sum Assured and Increasing Sum Assured, tenure of the policy term is between 10 to 40 years, and maturity till the age of 80 years.

HDFC Click2Protect Plus

This is a comprehensive term insurance plan that comes with three cover options such as Life Protect, Life and CI Rebalance, and Income Plus. You can choose any one as per your requirements. The term insurance plan has an option that automatically balances death as well as critical ailments as the age of the policyholders increase. It offers a whole life cover.

Max Life Smart Secure Plus Plan

The Smart Secure Plus Plan by Max Life Insurance comes enables the policyholders to customize the coverage protection at affordable rates. The term plan offers two death benefit covers and you as a policyholder can choose one. Under this plan, you will also get various payout options to suit your needs. The payout options include a monthly income payment, lump-sum payment, and partially in a lump sum and partially as monthly income. Along with all these, you can also get terminal illness coverage and returns of all the premiums that you paid, once the policy is matured.

SBI Life-eShield

With SBI Life-eShield, you will get four plan options, and you are allowed to choose the best out of them, which also depends on your needs. It is one of the best term insurance policies for families. You do not have to go through a lot of paperwork to apply for this term insurance plan and everything can be done online.  Some of the benefits that you will get with this term insurance plan are a minimum of 20 lakhs sum assured, surrendering facility, renewability, free-look period, etc.

Canara HSBC OBC iSelect Star Term Plan

As you buy this term insurance plan, you can get a whole life cover option and also the flexibility to improve your life cover on the basis of the change in your lifestyle. This term plan is also available with a return of premium option, in-built protection, and spouse coverage. Along with all these, the term plan also comes with multiple death benefit payout options, including monthly income, lump sum, or lump sum plus monthly income.

Unsure about what a cash balance pension plan is, or how to go about choosing the right one for your business? This comprehensive guide has everything you need to know.

PNB MetLife Mera Term Plan Plus

At a very reasonable price, you can get comprehensive protection under this term insurance plan. You will also get the flexibility to choose protection against critical illness, terminal illness, disability, and death. You can also get other options like whole life cover and spouse coverage.

Apart from these, several other term insurance plans come with a heap of benefits. If you want to know more about them, you can visit the website of IIFL. Comparing the term insurance plans will help you to choose the best one for you.


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