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[H1] Let's find you the Best Insurance for NRIs

51 insurers offering competitive prices
Quick, easy & hassle free

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Investment Plans

Upto 40% Discount
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Insurance

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ULIP Investment Plans
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Invest ₹18k per month & get ₹2 Crore in return

Term Life Insurance for NRIs

Get ₹ 2 Crore
Term insurance plan

starting @802/month*

Child Investment Plan
Exclusive plans for NRI
Invest ₹18k/month & your child will get ₹2Cr tax free*

Retirement Plans
Retirement plans for NRIs
Invest ₹20,000/month & build a corpus of ₹2 Crore* on Retirement

What makes Policybazaar one of India's favourite places to buy insurance?

Over 9 million
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support built in with every policy for help, when you need it the most

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[H2] Popular calculators
Discover our user-friendly calculators tailored to help you make informed financial decisions. Our diverse range of insurance calculators ensures you find the perfect fit for your needs. Explore the options below to get started.

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[H2] PB Advantage

When you buy insurance from us, you get more than just financial safety.
You also get: our promise of simplifying complex insurance terms and conditions, quick stress-free claims, instant quotes from top insurers and being present for you in the toughest of times.
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What Our CustomersAre Saying

Shraddha Sharma
Very simple to use, friendly website

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Got good deal without agent calling or speaking to anyone!!

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The services provided by Policybazaar are extremely helpful in making the right choice. Overall I had a good experience with Policybazaar.

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Thank you for facilitating and following up on the policy. Its been a very pleasurable experience with you folks at Policybazaar.

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I did not even need help from an agent! This is very good!

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I would like to thank the website 'www.policybazaar.com' because of which i could get a good policy.

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Thanks for correction done in time and really Appreciated....!! GOOD TO HAVE POLICYBAZAAR..!! LIFE IS EASY WITH YOU..!!

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You are doing a great job. Proud to be a customer of Policybazaar.

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[H2] Buy Insurance at Policybazaar.com

Based out of Gurgaon, Haryana, PolicyBazaar is an insurance broker approved by IRDA of India. We offer an online platform for insurance buyers where they can easily compare different insurance policies such as car insurance, life insurance, bike insurance, term insurance, pension plans etc. They can make an informed choice in a few clicks that too from the comfort of their home.
As the insurance sector has taken proactive measures upon the outbreak of COVID-19, Policybazaar is also offering coronavirus term insurance and coronavirus health insurance.
Moreover, as per the IRDAI regulations, all health and general insurers are now offering two specific products namely, Corona Kavach Policy and Corona Rakshak Policy. The policies cover COVID-19 hospitalization, home treatment, AYUSH treatment along with the cost of PPE kits, and other expensive consumable items.
IRDAI has also introduced another standard health insurance policy for people who cannot afford to pay higher premiums. They can buy Arogya Sanjeevani Policy from Policybazaar.com
By comparing online, applicants can easily find the best health insurance plans and term insurance plans free of cost. We have tied up with 50+ insurance companies in India to offer a myriad of insurance options. By making smart use of the latest technology, PolicyBazaar makes the insurance buying process smooth for prospective buyers.
What's more?
Apart from buying insurance online, existing policyholders can renew insurance plans and file a claim. In addition to that, individuals can opt for the top performing mutual funds, investment options, and tax-saving investments at our platform.
At PolicyBazaar, you can easily compare the life insurance quotes and get detailed information on plans such as Best term insurance plan, NRI term insurance, LIC term plan, LIC, HDFC child plan, LIC pension plan, etc., whichever fulfils the requirements.
Our sole objective is to help insurance applicants make an informed decision when they buy a policy online. Insurance companies offer various policies to fulfil the insurance needs of different insurance buyers. To come across the perfect insurance plan for you, it is necessary to compare insurance plans based on features, benefits, offered coverage, and premium rates.
Our portal showcases insurance plans offered by 50+ prominent public and private insurers across India, which falls under two categories:
1. Life Insurance- Life insurance is a contract between the insurer and the policyholder. Under this plan, the insurer promises to provide life cover in exchange for regularly paid premiums. This means that in case of the policyholder's untimely death during the policy term, the insurer will pay the selected death benefit (as per applicable terms and conditions). Apart from the death benefits, several life insurance plans also provide wealth creation and tax-saving benefits.
Life insurance includes term life insurance plan, whole life policy, endowment plans, NRI investment plans, money back plans, ULIPs, child Plans, investment plans and retirement plans.
2. General Insurance– Also known as non-life insurance, general insurance is defined as any insurance that that doesn’t fall in the category of life insurance. As per applicable terms and conditions, it provides pre-decided insurance coverage to the insured in exchange of a specific premium.
General insurance includes car insurance, health insurance, two-wheeler insurance, travel insurance, home insurance, corporate insurance, critical illness, and personal accident insurance.
Our Partners
Our partners are from diverse insurance sectors- motor insurance, term insurance, health insurance, travel insurance, and corporate insurance. We have partnered with them in order to be a one-stop solution for all the insurance needs.
Benefits of Buying/Renewing Insurance through PolicyBazaar

Quick Decision Making: Our online platform helps you make an informed insurance decision simply and conveniently. You can compare the cost and features of the various insurance policies in a matter of a few seconds. Our platform helps you understand each product’s features so that you can easily shortlist the plan that suits your needs.
High Coverage at Low Premium: As compared to the offline mode of buying insurance, we offer high insurance coverage at the lower insurance premium. Since there are no agents involved, no commission is paid to the insurance agent. As a result, you can buy insurance online at the best insurance premium for you. At PolicyBazaar, you can check various insurer premium rates such as HDFC life premium, LIC premium and so forth to make a smart and an informed decision.
Seamless navigation: We have a strong technological edge that makes the insurance application process seamless. We have online forms that ask questions based on the applicant’s demographics and profile.
Error Free Calculation: The insurance quotes are system generated, which eradicates the scope of human error. Additionally, the time taken to calculate premiums is considerably reduced.

No matter what type of insurance policy you intend to buy—life, health, home, car, or bike insurance among others, Policybazaar.com offers an unbiased and data-driven platform to buy insurance hassle-free.

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PB Promise – always there for you!
Over 9 million transacting
customers in 13 years
Insurance is complicated; we simplify it - working with 51 insurers to get you one of the best priced plans
Team of highly trained advisors help you choose a plan, handle any changes & get refunds from insurers. All advisor calls are recorded.
Dedicated claims team that helps file a claim with the insurer, speeds up the process & ensures you get paid faster

Over 9 million people trust
us with their insurance

19 million policies sold since
inception *until FY21

[IMG: pb promise]
PB Promise Always there for you!
Over 9 million transacting
customers in 13 years
Insurance is complicated; we simplify it - working with 51 insurers to get you one ofthe best priced plans
Team of highly trained advisors help you choose a plan, handle any changes & get refunds from insurers. All advisor calls are recorded.
Dedicated claims team that helps file a claim with the insurer, speeds up the process & ensures you get paid faster

Over 9 million people trust
us with their insurance

19 million policies sold since
inception *until FY21

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[H1] Best Investment Plans With High Returns

To achieve financial goals such as child education and retirement planning, you require a strong foundation of money. That is why investing is a necessary step towards your financial success. There are various investment options available today, and it's important to understand them. These options can be categorised into low, medium, and high-risk investments, each with its own benefits and risks. We have created a list of plans to help you make informed financial decisions and added investment plans that align with your financial goals whenever needed. Read more

Generate wealth with high returns Earn 1 Cr in maturity with Zero LTCG tax^
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
Compare & choose the best 30+ Plans and 150+ Fund options~

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[IMG: ICICI Prudential Life Insurance Company]

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4.8++ Rated

13.2 Crore Registered Consumer
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6.29 Crore Policies Sold

India’s trusted digital insurance platform — Policybazaar

Investment Plans With High Returns˜Invest ₹10k/Month & Get ₹1 Crore# Tax-Free

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[IMG: Sameep Singh]

Written By: Sameep Singh

[IMG: Sameep Singh]

Sameep SinghBusiness Unit Head - Domestic Savings
Mr. Sameep Singh is a Business Unit Head for the domestic Investment Business at policybazaar.com, holding a master's from Symbiosis School of Banking & Finance. He has played a pivotal role in crafting investment and term business strategies during his tenure at Policybazaar. His exceptional leadership has been instrumental in driving both product and business growth throughout his impressive career.

[IMG: Vivek Jain]

Reviewed By: Vivek Jain

[IMG: Vivek Jain]

Vivek JainHead of Savings business
Mr. Vivek Jain Chief Business Officer (CBO) – Life Insurance at Policybazaar.com, is a seasoned business leader with over a decade of experience in building and scaling high-impact life insurance businesses. An alumnus of IIM Calcutta, he brings deep expertise in product strategy, customer experience, and digital innovation within the life insurance ecosystem. In his role as CBO, Mr. Jain has been instrumental in shaping Policybazaar’s life insurance portfolio, driving customer-centric, inclusive, and data-led solutions that simplify insurance discovery and purchase. His strategic leadership has strengthened insurer partnerships, expanded product accessibility, and enhanced trust among millions of customers.

[H2] What are Investment Plans?

Investment Plans are a simple way to grow your money for your future financial needs. It means deciding what you are saving for, like buying a house, child’s education, retirement etc. Planning also means choosing the options where you have to put your money like equity, debt or gold. This is based on how much risk you are willing to take and how much you are comfortable with. Investing regularly for a set time so your money can grow and help you reach your financial goals.
Think carefully about the things that affect your investing choices and pick the best plan that fits your level of risk and helps you reach your financial objectives and build your wealth whenever you need to.

Video
information

Looking for the Best Investments for 2026 to Grow Your Wealth?

Video
information

Looking for the Best Investments for 2026 to Grow Your Wealth?

Some of the best investment plan in India in 2026 include:

✦Public Provident Fund (PPF)
✦Fixed Deposits (FD)
✦Voluntary Provident Fund (VPF)
✦Recurring Deposits (RD)
✦Capital Guarantee Plans
✦Annuity Plans
✦Guaranteed Savings Plan
✦Sukanya Samriddhi Yojana (SSY)
✦Senior Citizen Savings Scheme (SCSS)
✦National Pension Scheme (NPS)
✦Post Office Monthly Income Scheme (POMIS)
✦National Savings Certificate (NSC)
✦Gold (Physical, ETFs, and Digital)
✦RBI Taxable Bonds
✦Kisan Vikas Patra (KVP)
✦Sovereign Gold Bonds (SGBs)
✦Treasury Bills (T-Bills)
✦Floating Rate Savings Bonds
✦Government Savings Bonds
✦Mahila Samman Yojana
✦Atal Pension Yojana (APY)
✦Child Plans
✦Monthly Income Plans
✦Pension Plans
✦Systematic Investment Plan (SIP)
✦Hybrid-Debt Oriented Funds
✦Arbitrage Funds
✦Exchange-Traded Funds (ETFs)
✦Real Estate Investment Trusts (REITs)
✦Bonds (Corporate & Government)
✦Target Maturity Funds
✦Digital Gold
✦Infrastructure Investment Trusts (InvITs)
✦Balanced Advantage Funds
✦Money Market Funds
✦Real Estate
✦Corporate FDs
✦NPS Vatsalya
✦Unit Linked Insurance Plans (ULIPs)
✦Mutual Funds
✦Stock Market Investments
✦Initial Public Offerings (IPOs)
✦Cryptocurrencies
✦Equity Linked Savings Scheme (ELSS)
✦Non-Convertible Debentures (NCDs)
✦International Funds

Invest ₹10K/Month YOU GET ₹1 Crore* View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* View Plans

[H2] 46 Best Investment Plans in India 2026

[H3] Low-Risk Investment

Low-risk investments are plans with near-zero risk, these can also be considered safest investment options. In 2026, these plans are widely regarded as some of the most stable and low-risk investment options available.
Below are the best low-risk investment options to explore.

01
[H3] Public Provident Fund (PPF)

✦ Security: It is a government-backed investment plan with an interest rate of 7.1% per annum (for Q1 of FY 2026-27).
✦ Tax Benefits: Contributions can be deducted from your taxes under Section 80C of the Income Tax Act. In a PPF account, the interest and the money that comes due are also tax-free.
✦ Withdrawal: You can withdraw some of your money from the 6th year onwards.
✦ Suitability: This is great for people who want steady, long-term growth.

02
[H3] Fixed Deposits

✦ Security: Fixed Deposits are considered a secure option for investment because the bank takes responsibility for your deposits.
✦ Interest rate: Currently the interest rate for FDs ranges from 3% to 9% per annum.
✦ Tenure: FD offers various investment periods which can range from a few days to several years (7 days to 10 years). This flexible nature of FD allows you to align well with your long term as well as short term investment goals. It also creates a safety net for any uncertainty in life.
You can use an FD calculator to calculate returns on your investments.

03
[H3] Voluntary Provident Fund (VPF)

✦ Interest Rate: The interest rate of the VPF scheme is set by the government and that's why it also makes the investment option a safe choice for investment.
✦ Extended EPF Benefits: VPF is an extension of your Employee Provident Fund (EPF). It lets workers put in more than 12% of their base salary that is necessary.
✦ VPF Contribution: Employees can put up to 100% of their base pay and dearness allowance into the VPF.
✦ Tax Benefits: If you follow Section 80C of the Income Tax Act, you can deduct your donations from your taxes. In some cases, you can also get tax-free interest and maturity.
✦ Convenience: You can quickly save money by having money deducted from your paycheck.

04
[H3] Recurring Deposits (RD)

✦ Regular Savings: Recurring Deposits help you save regularly by enabling you to set up monthly payments for a specific duration of time.
✦ Interest Rates: This kind of investment guarantees that the interest rates will be the same for the whole duration. It's good for investors who are careful.
✦ Flexible Tenure: Investors can choose tenures that span anywhere from six months to ten years, depending on what they want to get out of the investment.
✦ 0 Market Risk: The investment isn't tied to the market, thus it will always make money, no matter what the market does.
✦ Liquidity: You can take money out before the maturity date, but you will have to pay a fee. This gives you moderate liquidity.

05
[H3] Capital Guarantee Plans

✦ Principal Protection: The main benefit of Capital Guarantee plans is that your invested amount, which is considered your principal will be returned to you on maturity of the plan, no matter how the market is performing. This removes the risk of capital loss and ensures peace of mind.
✦ Market-Linked Growth: Capital Guarantee Plans invest some portion of your money into market linked products like equity and debt funds. This distribution gives you a chance to earn higher market-linked returns if the funds of the invested category perform well.
✦ Returns: The 10 year returns of your invested capital can range from 10-18% per year.

06
[H3] Annuity Plans

✦ Main Benefit: The most important benefit of annuity plans is that they provide guaranteed income for life, no matter how long you live. With increased life expectancy, this benefit is valuable as it ensures you have enough savings during your important years of life.
✦ Types: Immediate, Deferred, life, and Joint life annuities. Each serves a different purpose.
✦ Regular Income: You can make monthly, quarterly, or annual payouts as per your needs. Regular income helps in managing daily expenses after you retire.

07
[H3] Guaranteed Savings Plan

✦ Guaranteed returns and life insurance coverage.
✦ It offers more interest when compared to FDs.
✦ You can get tax benefit under Section 80C for the premiums that you pay and maturity or death benefit under Section 10(10D).

08
[H3] Sukanya Samriddhi Yojana (SSY)

✦ Government-backed: A special scheme that offers financial security to girl child.
✦ High interest rate: Currently, it offers an interest rate of 8.2% annually. (Quarter 1 of Financial Year 2026-2027).
✦ Triple tax benefits: The principal amount, interest earned, and maturity amount are all fully tax-free.
✦ Lock-in period: It has a 21-year lock-in with partial withdrawal exceptions.

09
[H3] Senior Citizen Savings Scheme (SCSS)

✦ High interest rate: You get 8.2% a year, which is actually one of the better rates out there.
✦ Accessibility: You can easily open an SCSS account at any designated bank or post office near you.
✦ Interest: The interest on this scheme is compounded quarterly.
✦ Tax benefits: You can save tax under Section 80C of the Income Tax Act.

10
[H3] Post Office Monthly Income Scheme (POMIS)

✦ Regular income: It offers regular monthly income to investors.
✦ Interest rate: The interest is set at 7.4% and gets added up (compounded) monthly.
✦ Investment limits: You can put in up to 9 lakhs on your own, or 15 lakhs if you open a joint account.
✦ Risk Involved: There is less risk as POMIS offer stable returns and is not affected by the market.

11
[H3] National Savings Certificate (NSC)

✦ Fixed-income investment: The Government issues a certificate that has fixed interest rate.
✦ Interest rate: Interest rate of 7.7% is compounded annually.
✦ Tax benefits: Interest is taxable under Section 80C.
✦ Risk Profile: NSC is for investors looking for regular returns and stability.

12
[H3] Gold

✦ Appreciation: Gold has gained a lot of ground recently, making it a much stronger asset than it used to be.
✦ Availability: You can buy gold in physical form, as ETFs, and in digital form.
✦ Returns: Since 1971, gold has delivered 10% returns annually.
✦ Inflation proof: Gold can help in beating inflation, as per records.

13
[H3] RBI Taxable Bonds

✦ Fixed-income investment: These taxable bonds are issued by the Reserve Bank of India.
✦ Guaranteed principal: The principal amount remains secure and is returned in full upon maturity.
✦ Interest rate: Interest rates are high when compared to FDs.

14
[H3] Kisan Vikas Patra (KVP)

✦ Government scheme: An India Post scheme, KVP is a safe investment option.
✦ Investment double: As of current update, KVP doubles your money in 115 months.
✦ Availability: At all post offices in India.
✦ Investment Amount: Minimum ₹1,000 investment is required. There is no maximum investment limit.
✦ Lock-in: The investment requires a mandatory holding period of 2 years and 6 months (30 months) before premature withdrawal is permitted.
✦ Transfe: You can shift a KVP certificate into someone else's name pretty easily at the post office.
✦ Growth: KVP is well-suited for investors seeking stable and predictable returns over an extended period.

15
[H3] Sovereign Gold Bonds (SGBs)

✦ Government scheme: An alternative to physical gold, SGBs are issued by RBI.
✦ Interest: A fixed 2.5% interest is earned every year above the gold price appreciation.
✦ Hassles free: As it is digital, there is no need for physical storage making it hassle free.
✦ Tax benefit: If you hold SGBs for 8 years, then there will be no capital gains tax at the time of withdrawal.
✦ Tradable: After the completion of lock-in, you can trade SGBs in the secondary markets.

16
[H3] Treasury Bills (T-Bills)

✦ Government scheme: They are short-term debt instruments issued by the RBI.
✦ Tenure: It has a fixed tenure of 91 days, 182 days, and 364 days. Highly suitable for investors having surplus funds for short durations.
✦ Low-risk: It offers guaranteed returns and high liquidity.
✦ Taxation: Returns are taxable as per your applicable capital gains tax rules.

17
[H3] Floating Rate Savings Bonds

✦ Interest: Interest rate changes every 6 months as per the market.
✦ Government scheme: Highly secure as it is issued by RBI.
✦ Tenure: It is suitable for long-term investors as there is a 7-year lock-in.
✦ Premature Exit: Only senior citizens can exit under special conditions.
✦ Tradable: You cannot trade bonds in the secondary markets.

18
[H3] Government Savings Bonds

✦ Government scheme: Offers guaranteed returns and principal amount protection as issued by the central government.
✦ Fixed tenure: These bonds have a tenure of 5,7 and 10 years, You can choose the tenure according to your goals.
✦ Interest payments: Government savings bonds offer regular interest payouts (usually half-yearly).
✦ Tax benefits: Select bonds may offer tax advantages under Section 80C, but interest is taxable.
✦ Risk: Involves low risk and is Ideal for investors looking for stability.

19
[H3] Mahila Samman Yojana

✦ For women and girls: The Finance Ministry set this up to give women a dedicated way to save and handle their own money.
✦ Two-year term: Your money is tucked away for exactly two years. It's a short-term move, so you aren't waiting forever for the payout.
✦ 7.5% annual rate: The interest is locked i

[H1] Child Education Plans

Child education plans are investment products designed to help parents save and invest for their children's future education. These plans typically combine investment and insurance components, offering market-linked returns or guaranteed payouts at specific milestones. They aim to cover expenses like tuition fees, books, and other educational costs, ensuring that a child's higher education isn't compromised due to financial constraints. Some plans also offer life insurance coverage, providing financial security to the child in case of the parent's untimely demise.
Read more

Investing in your child's future:Nothing is more important than securing your child's future

Benefits of investing in child plan

Waiver of Premium benefits
Future Premiums are paid by the insurer upon death of policyholder

Flexible payout options
Your premiums help your child achieve their dreams through lump sum or regular payouts

Wealth Boosters
Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us

Zero Commission
We charge no commission when you buy from us. Also buy online & get extra

Tax Benefits^
You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)

Investment Flexibility
It offers the flexibility to invest at regular intervals or as a one-time contribution

We are rated++

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13.2 Crore
Registered Consumer

53
Insurance Partners

6.29 Crore
Policies Sold

Secure your child's future with or without you

Create wealth for child’s aspirations

Tax Free maturity amount+

12+ plans available

Invest ₹10k/month & your child will get ₹1 Cr# tax-free

HomeInvestment PlansChild Plans

[IMG: Sameep Singh]

Written By: Sameep Singh

[IMG: Sameep Singh]

Sameep Singh Business Unit Head - Domestic Savings
Mr. Sameep Singh is a Business Unit Head for the domestic Investment Business at policybazaar.com, holding a master's from Symbiosis School of Banking & Finance. He has played a pivotal role in crafting investment and term business strategies during his tenure at Policybazaar. His exceptional leadership has been instrumental in driving both product and business growth throughout his impressive career.

[IMG: Vivek Jain]

Reviewed By: Vivek Jain

[IMG: Vivek Jain]

Vivek Jain Head of Savings business
Mr. Vivek Jain Chief Business Officer (CBO) – Life Insurance at Policybazaar.com, is a seasoned business leader with over a decade of experience in building and scaling high-impact life insurance businesses. An alumnus of IIM Calcutta, he brings deep expertise in product strategy, customer experience, and digital innovation within the life insurance ecosystem. In his role as CBO, Mr. Jain has been instrumental in shaping Policybazaar’s life insurance portfolio, driving customer-centric, inclusive, and data-led solutions that simplify insurance discovery and purchase. His strategic leadership has strengthened insurer partnerships, expanded product accessibility, and enhanced trust among millions of customers.

[H2] What Are Child Education Plans?

[IMG: Child education plan]
[IMG: Child education plan]

Child education plans are especially designed to help parents financially secure their child’s future in a disciplined way. You can pay the premiums for a child education plan monthly, half-yearly, yearly, or as a single payment for a set period of time. At the end of the policy term, you get a lump-sum amount as the maturity benefit. While you create a corpus for the child's education, the insurance element provides you with life cover.
In case of the unfortunate death of a parent (the policyholder), a child plan will support the nominee with triple benefits. The insurer will pay the remaining premiums and the family will receive the life cover amount. Also, the child gets the benefit of a monthly payout to meet his/her expenses. That means, even in your absence, the child can use this amount to cover educational costs such as tuition fees, books, uniforms, etc. Besides, child education plans offer flexible payout options at important milestones of your child.

[H2] List of Child Plans in India≈

Plans
Entry Age
Maximum Maturity Age
5 Year Returns
Minimum Investment Amount (annually)
Minimum Sum assured

Private Insurer

SBI Life-Smart Scholar Plus
18-50 years
25 years
13.80%
Rs 50,000
-

HDFC Life Sampoorn Nivesh - Classic Waiver Benefit
18-50 years
40 years
18.20%
Rs 12,000
7x Annualized Premium

Axis Max Life Online Savings Plan- Child Plan
18-54 years
30 years
30.50%
Rs 24,000/-
The minimum Sum Assured is Rs. 1,20,000

ICICI Siganture Assure- WOP
18-50 years
25 years
32.60%
Rs 30,000/-
7 times Annualized Premium

TATA AIA Smart Fortune Plus-Family Secure
18-50 years
50 years
27.90%
Rs 12,000/-
1.1 times Single Premium

Bajaj Life Smart Wealth Goal- Child Wealth
18-55 years
30 years
24.20%
Rs 24,000/-
10 times Annualized Premium

Aditya Birla Wealth Smart Plus-WOP
0-17 years
35 years
19.30%
Rs 14,000
For Entry Age: 30 days to 50 years: Rs 1,20,000 For Entry Age: 51 years and above: Rs 84,000

Kotak Life E-Invest - Rising Star
18-45 years
20 years
17.50%
Rs 12,000
10 times Annualized Premium (Maximizer, Rising Star, Retire Rich)

PNB Met Life Goal Ensuring Multiplier - WOP
18-45 years
20 years
21.50%
Rs 18,000
-

Canara HSBC Promise4Growth - Care
18-50 years
30 years
11.70%
Rs 12,000
10 x Annualized Premium

SUD Life Bright Child Plan
19-45 years
69 years
-
-
Rs. 5,00,000

IndiaFirst Life Little Champ Plan
21-45 years
70 years
-
Rs. 15,500
Rs. 1,50,000

Shriram Life New Shri Vidya Plan
18-50 years
70 years
25% of Basic Sum Assured
Rs. 8,000
Rs. 1,00,000

Reliance Nippon Life Education Plan (Guaranteed)
20-50 years
65 years
-
Rs. 20,000
Rs, 50,000

Ageas Federal Life Young Star Plus Plan
18-45 years
65 years
-
Rs. 18,000
Rs. 2,15,000

Bharti AXA Life Child Advantage Plan
18-50 years
76 years
-
-
Rs. 25,000

Edelweiss Tokio Life - EduSave Plan
18-45 years
60 years

Rs. 24,000
Rs. 2,25,000

Future Generali Assured Education Plan
21-50 years
67 years

Rs. 20,000
-

Pramerica Smart Invest 1 UP - Dream Builder
18-50 years
40 years
27.80%
Rs 38,000
For Age < 50 years: 7 times or 10 times of Annualized Premium For Age>=50 years: 5 times or 10 times of Annualized Premium

Bandhan Life EduCare Advantage Insurance Plan
20-60 years
75 years

Depends on the sum assured
Rs. 1,00,000

Aviva Young Scholar Secure
21-50 years
71 years

Silver Plan: Rs. 33,000 p.a. Gold Plan: Rs. 50,000 p.a.
Based on the premium option chosen.

Public Insurer

LIC's New Children's Money Back Plan
0 years
25 years
-
Rs. 2,00,000
Rs. 1,00,000

See More Plans

Disclaimer: *The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans

Standard T&C Apply *

[H2] Why Buy a Child Education Plan?

In case of the policyholder’s untimely death, child plans provide triple benefits for complete protection.

The life cover is paid to the nominee/family members to meet immediate expenses.

Future premium amounts of the market-linked child plan are paid by the insurer. Upon maturity, the amount is paid to the child.

The child gets monthly income to meet the regular expenses*.

*Varies on the basis of different child education plans.

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[H2] Protect Your Child's Financial Future! Discover the Perfect Child Plan on Policybazaar.com

[IMG: Triple Benefits of Child Plan Explained]
[IMG: Triple Benefits of Child Plan Explained]

[H2] What are the Benefits of Investing in a Child Education Plan?

Benefits of Child Plan

[IMG: Maturity Benefit]
Maturity Benefit
[IMG: Tax Benefit]
Tax Benefit
[IMG: Death Benefit]
Death Benefit
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Waiver of Premium Benefit
[IMG: Loyal Benefit]
Loyal Benefit

After the policy matures, parents have the flexibility to receive the maturity amount either as a lump sum or opt for the settlement option. With this feature, parents can choose to receive payments on an annual, semi-annual, quarterly, or monthly basis, extending over a period of 1 to 5 years after maturity.

You get tax benefits under Section 80(C) of the Income Tax Act, which allows for deductions on certain investments and expenses. Additionally, Section 10(10D)^ provides tax exemption on the returns earned from these investments, making them even more attractive from a tax-saving perspective.

A life cover amount is paid to the child to cater to their immediate needs in case of a parent’s demise. This payout can help cover expenses such as education, daily living costs, and outstanding debts, ensuring the child's financial stability during a difficult time.

Future Premiums are paid by the insurer upon death of policyholder. This means that the policyholder's beneficiaries will receive the death benefit as outlined in the policy without any further premium payments required.

If a parent buys a policy with longer period, the company also contributes to child’s future fund-0.5% loyalty bonuses starting from the end of sixth policy year and 3.25% wealth boosters starting from the end of tenth policy year.

View Plans

Here are the benefits of investing in a Child Plan:

Future Security: By investing in a child education plan, you ensure that your child's educational needs are met, even in your absence. This offers peace of mind knowing their future is secure.

Disciplined Savings: These plans encourage you to save systematically, ensuring you set aside funds for your child's education consistently over the years.

Financial Protection: In the unfortunate event of your demise, the insurance component kicks in. Your family receives an immediate payout, and future premiums will be waived off, ensuring the policy continues without burdening the child.

Flexibility: Child plans offer you flexible payout options. This means you can choose to receive funds during crucial educational milestones, like college admission.

High Returns: These plans often come with the dual benefit of insurance and investment. By choosing the right plan, you stand a chance to earn higher returns compared to traditional savings.

Tailored Solutions: You can choose a plan that aligns with your financial capabilities and your child’s future educational needs. Some plans even allow partial withdrawals for emergencies.

Inflation Shield: As educational costs continue to rise due to inflation, having a child education plan helps you stay prepared. Your child can pursue the best courses without financial constraints.

Read more

[H2] What are the Key Features of a Child Education Plan?

Here are the key features of  child plans:

Lump-sum Benefit: The plan provides a lump-sum benefit to your children in the unfortunate event of your death within the policy term. This ensures that your child's education fund is not compromised, and they can continue their education without financial constraints.

Partial Withdrawals: Child education plans offer flexibility in withdrawals too. You can withdraw your money from funds anytime after 5 years. It helps you meet the child's educational milestones, such as admission fees, tuition expenses, or educational trips.

Life Cover: One of the top reasons to buy child plans is the life cover component. This means that if some unforeseen event happens during the policy term, a predetermined sum assured will be paid to your child. This ensures that the child's education is not disrupted even if you are not around.

Read more

[H2] Tax Benefits on Child Education Plan

Sections of the Income Tax Act, 1961
Tax Benefits under Child Education Plan

Section 80C

Premiums paid for your policy are eligible for tax benefits.
The premium paid under the child plan, up to an amount of 1.5 lacs, is tax deductible.

Section 10(10D)

Get Tax-free maturity from your child plan with an annual premium of up to  2.5 lacs.
Maturity benefits received at the end of the term or in case of your death are tax-free.

[H2] Types of Child Education Plans

1

[H3] Child Unit Linked Insurance Plans (ULIPs)

As a parent, you undoubtedly want to provide your child with the best education possible, whether it's at esteemed national institutions or prestigious foreign universities. However, relying solely on your savings may not be sufficient to meet the various expenses associated with such education. Market-linked child plans can enable you to create the necessary funds for fulfilling your child's ambitions.

2

[H3] Capital Guarantee Solutions

If you are looking for a safe and reliable investment option for your child's future, capital guarantee solutions are for you. They provide a guarantee that the initial invested capital will be protected, regardless of market fluctuations or economic uncertainties. This means that no matter how the financial markets perform, the principal amount you invest for your child will be safeguarded.

3

[H3] Guaranteed Return Plan (Traditional Plan)

Guaranteed return child plans are designed to provide guaranteed returns on investment along with insurance coverage for your child's future. These plans offer you a secure way to accumulate funds for your child's education or other important milestones. Unlike market-linked plans, traditional plans offer a predetermined rate of return throughout the policy term. This means that you can plan your child's future with more certainty, knowing the exact amount you will receive at maturity.

View all Plans

[H2] How Does a Child Education Plan Work?

Let’s understand this with the help of an example:
Mr Sharma, a 40-year-old professional, invests in a child plan for his daughter’s higher education. He can choose to pay

[H1] LIC of India - Life Insurance Corporation of India

The Life Insurance Corporation of India , popularly known as LIC, established in 1956 is the largest public-sector insurance company of India. LIC of India is headquartered in Mumbai with the objective of spreading awareness widely about life insurance, especially to the rural areas. With a comprehensive range of insurance products and services, LIC of India has become the trusted name among millions of individuals and families for about seven decades. LIC of India offers different types of insurance plans such as term life assurance, endowment, pension, money-back, micro-term, ULIPs, and whole life insurance plans that help you ensure the financial protection of people and families.Read more
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Written By: Sameep Singh

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Sameep SinghBusiness Unit Head - Domestic Savings
Mr. Sameep Singh is a Business Unit Head for the domestic Investment Business at policybazaar.com, holding a master's from Symbiosis School of Banking & Finance. He has played a pivotal role in crafting investment and term business strategies during his tenure at Policybazaar. His exceptional leadership has been instrumental in driving both product and business growth throughout his impressive career.

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Reviewed By: Vivek Jain

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Vivek JainHead of Savings business
Mr. Vivek Jain is the Business Unit Head for Investment Business at Policybazaar.com. A graduate of the prestigious IIM Calcutta he brings over a decade of invaluable experience to his current role. In his capacity as Business Unit Head, he has been a driving force behind the success of Policybazaar's Investment business. Mr. Jain is recognized for his instrumental role in product innovation within the Savings/Investment domain. His leadership and expertise have been pivotal in scaling up the Investment business, underscoring his significant contributions to Policybazaar.com's growth and success.

[H2] Life Insurance Corporation of India- An Overview

Life Insurance Corporation (LIC) is the biggest state owned insurance company and investment group in India. LIC was started on 1st September, 1956 to make Indian families aware of life insurance and financially secure them through life insurance. Since then, LIC has been one of the key contributors to the social and economic security of Indian people by giving them access to affordable insurance products.
LIC offers a large range of insurance plans such as term insurance plan, whole life insurance plans, pension and retirement plans, ULIPs catering to the different individual needs at different life stages. With its large network, customer-first approach, and strong claim settlement track record, LIC is the preferred choice for millions of people who are looking for life cover and long term financial security.
Also, LIC holds stakes strategically in major subsidiaries such as LIC Housing Finance ltd. (LIC HFL), LIC Pension Fund, LIC Cards Service, and LIC Mutual Fund, expanding its reach across different financial areas.
The Life Insurance Corporation of India (LIC) is currently led by R. Doraiswamy, Managing Director and Chief Executive Officer. Supporting him are Managing Directors Ratnakar Patnaik and Dinesh Pant, and Shri. Ramakrishnan Chander.
*Information sourced from LIC Report FY 2023-24

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[H2] LIC of India- Interesting Facts to Know

The Life Insurance Corporation of India (LIC of India) has been helping Indian families achieve financial security. LIC life insurance was a government initiative to provide insurance to the people directly at their doorstep. LIC of India has grown into a huge life insurer of India, with an extensive range of life products fulfilling the requirements of protection, savings, and long-term financial goals. The following are some of the most interesting facts:

Founded in 1956: Life Insurance Corporation of India (LIC) came into being on 1st September, 1956. It is the very basis of life insurance in India, having almost 70 years of history.
Leading Life Insurance Company in India: For the Financial Year 2023-24, its premium income was 4.75 lakh crore. With this figure, LIC of India topped the life insurance market of India. It also has a network of more than 13.47 lakh agents spread across the country.
The most trusted company by millions: Over 2.04 crore policies were issued by LIC in the year 2023-24 alone, which is a clear indication of the trust that policyholders have in LIC from every corner of the country.
Successful public offering: The IPO launched by LIC in May 2022 was one of the biggest in India, bringing the public to share the ownership, while the government still retained the majority ownership.
International Footprint: A 2025 ranking of the world’s most financially strong insurers put LIC among the top ones. LIC has customers in other countries as well, including the UK, Singapore, Mauritius, Bangladesh, Sri Lanka, and Gulf nations.

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[H3] Buy LIC Plans

[H2] Why Choose LIC?

India’s Most Trusted Life Insurer: LIC has remained a trustworthy life insurer for Indian families for years, and today, millions of people rely on LIC life insurance for their long-term security.
Government-Backed Assurance: Every plan of LIC is backed by the Government of India, thus no other source can provide such complete financial security and peace to the policyholders and their families.
Strong Claim Settlement Performance: With a claim settlement ratio going beyond 91.3%, LIC helps families in their most vulnerable times through the prompt and easy processing of claims. For example, following the unfortunate incidents of the Air India crash and Pahalgam in 2025, LIC announced a fast-track claim settlement for its customers affected by these incidents.
Tax Benefits: Any LIC policy is eligible for tax-saving benefits under various sections of the Income Tax Act viz. 80C, 80CCC, 80D, and 10(10D), thus the policyholders can lessen their tax burden and simultaneously increase their wealth.
Easy and Flexible Policy Purchase: You can buy an LIC policy either through the Life Insurance Corporation of India login in the Customer Portal on the official website or through its branch. The LIC policy purchase process has become convenient, fast, and flexible, so you can choose a policy that suits your financial goals.
Innovation Through New-Age Solutions: LIC regularly comes up with new LIC plans, for instance, micro, insurance and other digital products of the new generation, that meet the changes in needs and thus make insurance accessible for everyone.
Technology-Driven Customer Experience: LAN, IVRS, and EDMS are some of the technologies implemented to simplify the purchase, management, and claim process for LIC life insurance plans, providing a paperless journey. In the official website of LIC all plans are provided along with their specific brochures and plan details.
LIC Plans List: The list of LIC plans contains a variety of term plans, savings plans, ULIP, and retirement plans. That way, the policyholders can choose better-suited solutions for their protection and investment needs. There are various LIC new plans launched in 2025 from the term, endowment and pension categories.
24/7 Customer Support: LIC customer support helps the policyholders with their questions, claims, and policy management from the 24/7 customer care of LIC of India.
Extensive Network Across India: Life Insurance Corporation of India has a vast PAN-India presence with:

2048 fully computerized branch offices
113 divisional offices
8 zonal offices
1381 satellite offices

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[H3] Buy LIC Plans

[H2] Who Should Consider Purchasing LIC Policy?

Life Insurance Corporation of India (LIC) provides a range of life insurance products IR to the varying financial needs of individuals at different stages in their life. If you are a young professional, a family person, or someone who is reaching the retirement age, LIC offers policies reflecting life stages and situations. To illustrate the point, here is a breakdown of the different categories of people who would do well to purchase a life insurance policy from LIC:

Life Stage
How Will An LIC Policy Be Useful?

Young Adults (18-25 years)

At this stage, you can use LIC policies to lock in the financial resources for the future like funds for the higher education or purchase of a house. Buying a policy at an early age means low premiums and high coverage.

Starting a Family (25-35 years)

Purchasing a policy with LIC will make sure that your family's financial requirements remain safe and secure, particularly if you are the one earning the main income in the family. Besides, it provides a safety net for your spouse and children should any unfortunate event happens.

Caring for Elderly Parents (30-40 years)

If you are the main person looking after your parents, an LIC policy can become a source of money, which would be used for your parents' medical care and day, to, day necessities, even if you are no longer in a position to give them support.

Planning for Children’s Future (35-50 years)

If you're planning for a major milestone, such as your children's education or wedding, then an LIC policy is the perfect instrument for long-term saving, which will not only help you achieve these goals but also provide financial security.

Looking for Tax Benefits

A lot of life insurance policies with LIC cover life risk and allow tax deductions on the premium paid. These policies are thus a great combo for people wanting to get tax benefits and at the same time get secured financially in the future.

Preparing for Retirement (50-60 years)

If you have an LIC policy, it may come in handy when you stop working as it can provide a source of income for you in your old age, thus giving you a sense of security and also being able to financially support your spouse.

Homeowners with Outstanding Loans

In case of any outstanding loans or other types of debts, an LIC policy can clear up these financial obligations, thereby keeping your family away from hassle and maintaining the home as a safe place.

[H2] How Much LIC Coverage Do You Need?

Determining your life insurance needs is something that must be done taking into consideration your financial objectives, your debts, and the lifestyle of your dependents. An appropriate policy will help you secure your family's future.

Coverage CalculatorUse the Coverage Calculator to find out how much insurance cover you need simply based on your earnings, expenditures, and plans for the future.
Premium CalculatorFind out your premium in a minute simply by providing your age, coverage, and policy term details. Choose the plan that fits your budget without any hassle.

[H2] Type of LIC Policy

Type of LIC Policy
Coverage
Ideal For

LIC ULIP Plans
Serves two purposes by offering life insurance cover and market, linked investment avenues. Perfect for individuals who want protection and at the same time create wealth.
An individual desiring life insurance along with market-linked investments for creating long, term wealth.

LIC Pension Plans
Life insurance cover is provided together with a retirement analogy of systematic ways to build corpus, which will enable an individual to enjoy financial independence as well as regular income during post, retirement years.
People intending to have a comfortable and secure retirement with timely post, retirement income.

LIC Endowment Plans
Life insurance protection is combined with a compulsory savings discipline, which pays out a lump sum either on maturity or to the beneficiaries in case of untimely death.
Individuals wanting life cover mixed with guaranteed savings and maturity benefits.

LIC Whole Life Insurance
Provides death benefit to the nominee at the time of policyholders death, along with bonus additions, through a life, long coverage, typically up to 100 years.
Individuals who want to plan for a financial legacy and get lifelong coverage.

LIC Term Life Insurance
It is a simple protection plan providing a huge life cover at very low premiums for a particular term and there is no maturity benefit thus, family will get financial support after the death of the policyholder occurred during the policy term.
Individuals mindful of their budget and who want the maximum life insurance cover to protect the family.

LIC Money Back Plans
A savings and protection plan that provides periodic returns during the policy term, as well as life cover and a lump sum on maturity.
Suitable for those who want regular payouts during the policy term together with life cover and maturity benefits.

LIC Group Plans
A group retirement savings plan that enables employers to help employees accumulate long, term financial security through flexible contributions, guaranteed returns, and life cover benefits.
Employers who want to provide employees with a retirement fund with guaranteed returns, flexible contributions, and life cover benefits.

[H2] LIC Of India – Plan List

LIC of India provides diverse insurance and investment products catering to customer needs. From traditional life insurance to investment plans, they offer comprehensive financial solutions, ensuring individuals find tailored plans for their unique requirements. Let us take a look at the Best LIC Policy 2026:

LIC Unit-Linked Plans

Pension Plans

Endowment Plans

Whole Life Plans

Term Assurance Plans

LIC Money Back Plans

LIC Micro Insurance Plans

[H3] LIC Unit-Linked Plans Redirecton

LIC India ULIP Plans offer the dual benefits of insurance and investment. These ULIP plans provide life co

[H1] Term Insurance

Term insurance is the most basic type of life insurance. It offers financial cover for a specific tenure, called the policy term, in exchange for fixed premiums. Term insurance plan secures the financial future of your loved ones in your absence. This type of life insurance product can help your family cover monthly expenses like child’s fees, home loans, groceries, and more. Therefore, you must buy a good term life insurance policy to ensure your family's financial security. The best term life insurance should offer comprehensive coverage that meets your needs while remaining affordable and providing peace of mind to your family. Read more

15 lakh Families Secured
₹13,50,000 Crore of Life Cover Assured

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₹1 Crore Life cover starting from ₹403/month+
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HomeTerm Insurance

[H2] What is Term Insurance?

Term insurance is a pure life insurance that protects your family financially if you pass away within the policy term. It's the simplest and yet affordable way to ensure they receive a lump sum to cover expenses and achieve goals. You pay regular premiums; if you outlive the policy, there's no payout (unless you choose a term return of premium option). A healthy 25-year-old, non smoker can get 1 crore term insurance coverage for just ₹522 per month until age 60. This fixed amount of premiums can be paid at regular or lump sum for the complete policy term or for a limited time. The term insurance premium amount varies based on the type of premium payment method chosen by the policybuyer.

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[H2] Best Term Insurance Plans in India 2026

Buy India’s best term insurance plans starting at just ₹16/day with ₹1 Crore cover, 15% discount online and 100% dedicated claim assurance.  With Policybazaar term insurance, you can easily compare and choose the term plan that fits your needs. Here is a list of the best term insurance plan in India 2026 for you, which provides affordable term plan premium rates, flexible payout options, coverage, and reliability of term life insurance providers:

Private Insurers
Term Insurance Plan
Sum Assured

HDFC Life Insurance
HDFC Life Click 2 Protect Supreme
10,000 - No Limit
Apply Now

ICICI Prudential Life Insurance
ICICI Pru iProtect Smart Plus
50 Lacs – 20 Crores
Apply Now

Tata AIA Life Insurance
Tata AIA Sampoorna Raksha Promise
25 Lacs – No limit
Apply Now

SBI Life Insurance
SBI Smart Shield Plus
25 Lacs – No limit
Apply Now

Bajaj Life Insurance
Bajaj Life eTouch II
50 Lacs – No limit
Apply Now

Axis Max Life Insurance
Axis Max Smart Term Plan Plus
25 Lacs – 20 Crores
Apply Now

Digit Life Insurance
Digit Glow Plus
25 Lacs - 20 Crores
Apply Now

Aditya Birla Sun Life Insurance
ABSLI Super Term Plan
25 Lacs – No limit
Apply Now

India First Life Insurance
India first Life Plan
1 Lac - 50 Crores
Apply Now

Kotak Mahindra Life Insurance Company Limited
Kotak e-Term Insurance
51 Lacs - No limit
Apply Now

Canara HSBC Life Insurance
Canara HSBC Young Term Plan - Life Secure
25 Lacs – No limit
Apply Now

Shriram Life Insurance
Shriram Life Online Term Plan
25 Lacs -- 10 Crores
Apply Now

PNB Metlife India Insurance
PNB Mera Term Plan Plus
25 Lacs - No limit
Apply Now

Star Union Dai-ichi Life Insurance
SUD Life e-Lifeline
25 Lacs - 1 Crore
Apply Now

DHFL Pramerica Life Insurance
Pramerica Life Saral Jeevan Bima
5 Lacs - 25 Lacs
Apply Now

Aviva Life Insurance
Signature 3D Term Plan - Platinum
30 Lacs - 5 Crores
Apply Now

Future Generali Life Insurance
Future Generali Care Plus Plan
10 Lacs - No limit
Apply Now

Reliance Nippon Life Insurance
Reliance Nippon Life Super Suraksha Plus
2 Crore -- No limit
Apply Now

Ageas Federal Life Insurance
Termsurance Life Protection Insurance Plan
5 Lacs - No limit
Apply Now

Bandhan Life Insurance
Bandhan Life iTerm Prime
-
Apply Now

Bharti Axa Life Insurance
Bharti AXA Flexi Term Pro
25 Lacs -- No limit
Apply Now

Edelweiss Tokio Life Insurance
Zindagi Protect Plus
50 Lacs – No limit
Apply Now

Public Insurer

Life Insurance Corporation of India
LIC Jeevan Amar
25 Lacs - No Limit
Apply Now

*You can easily use a term insurance premium calculator to calculate the premium amount of your chosen term plan.

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[H3] How Term Insurance Works?

Let us understand how term insurance works with the help of an example:

Meet Sameer
Sameer, a Healthy and non smoking male.

Bought Policy
Sameer bought ₹1 crore Term Insurance for a 25-year policy term to secure his wife financially.

Unfortunate Death
In the 9th Policy year, Sameer suffered an unfortunate death.

Claim
His wife received a ₹1 Crore death benefit from the insurer.

After Claim
His wife can use the benefit & maintain her current quality of life.

15 lakh Families Secured
₹13,50,000 Crore of Life Cover Assured

Customer Rating
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4.8++136,743 Reviews

The Policybazaar Advantages

Discount upto 15% # for buying online
Dedicated claim support for family FREE
Advisors available in your city

4.8 Rated

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Registered Consumer

53 Partners
Insurance Partners

6.29 Crore
Policies Sold

2,069 Crore worth of claim assisted since Apr’22

[H3] Free Dedicated Claim Assistance
Policybazaar for your family Guarantees claim support

Delhi

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[H3] Mr. Jangir
Claim Beneficiary

[H3] Mr. Ashish
Policybazaar Executive

Claim Helpline: 1800-258-5881
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[H3] Directly from Experts

As per Policybazaar findings, while 52.4% of Indians are aware of term insurance, only 9.6% actually own it, and 87% of uninsured individuals underestimate their financial needs, showing that people know about it but often don’t take action or choose enough cover. I believe, the real challenge isn’t convincing people that protection matters - it’s helping them act on it with the right coverage.
Policybazaar’s Dedicated Claim Assistance Program (DCAP) assigns every customer a dedicated relationship manager to guide them through their policy and assist them even during claim settlement. In tough times, we’re here to support you. We handle everything for you - from filling out the forms to ensuring your claims are settled. We’re here for your complete help at every step, so you never have to worry.
Buying term insurance online from Policybazaar is quick and simple, with just a few clicks. Now protect your family’s future while you bid adieu to all your stress.

Read more

[IMG: Varun Agarwal]

[H3] Varun Agarwal

Industry Expert with 10+ Years of Experience

[IMG: Varun Agarwal]

Written By: Varun Agarwal

[IMG: Varun Agarwal]

Varun AgarwalTerm Insurance Head
Varun Agarwal is the head of the term insurance vertical and brings strategic vision and deep industry insight. With a strong track record of driving growth and customer-centric innovation, Varun is pivotal in shaping the future of term insurance at Policybazaar. His leadership is marked by a clear focus on simplifying protection solutions and making them more accessible and relevant for today’s consumers. Under his guidance, term insurance is reaching more families as a reliable way to ensure their financial safety.

[IMG: Vivek Jain]

Reviewed By: Vivek Jain

[IMG: Vivek Jain]

Vivek JainChief Business Officer
Mr. Vivek Jain, Chief Business Officer (CBO), Life Insurance at Policybazaar.com, has over a decade of experience in the life insurance field. As an IIM alumnus, he has been instrumental in transforming Policybazaar’s life insurance products to be more customer-focused and accessible. His leadership has enabled the company to offer a diverse range of insurance solutions, helping individuals confidently safeguard their family's financial future. His vision is to ensure every household is financially secure.

[H2] Term Insurance at a Glance

[IMG: Sum Assured]

[H4] Sum Assured

₹5 Lakhs to up to ₹20 Crores

[IMG: Policy Term]

[H4] Policy Term

From 5 yrs to 99/100 yrs

[IMG: Premiums]

[H4] Premiums

Affordable

[IMG: Death Benefit]

[H4] Death Benefit

Available

[IMG: Critical Illness Cover]

[H4] Critical Illness Cover

Available

[IMG: Accidental Total Permanent Disability]

[H4] Accidental Total Permanent Disability

Available

[IMG: Terminal Illness Cover]

[H4] Terminal Illness Cover

Available

[IMG: Accidental Death Benefit]

[H4] Accidental Death Benefit

Available

[IMG: Section 80C]

[H4] Section 80C

Save up to ₹46,800 on taxes with Section 80C

[IMG: Section 10(10D)]

[H4] Section 10(10D)

Death Benefit is tax-free with Section 10(10D)

[IMG: 100% Dedicated Claim Assistance]

[H4] 100% Dedicated Claim Assistance

Available

View More

Get 100% Dedicated Claim Assistance from Policybazaar

Fully Dedicated Claim Assistance & ₹1203 Crore in Claims Processed
Policybazaar offers 100% dedicated claim assistance to help policyholders in the claim process smoothly and efficiently. ₹1203 crore worth of claims have been assisted since April 22. With a team of experienced professionals, we ensure that policyholders receive the full benefits they are entitled to under their term insurance policies and provide end-to-end support to the policyholder.

[H3] How does Policybazaar’s Dedicated Claim Assistance Program work?

The Policybazaar claim assistance process is simple and works in two basic steps:

The nominee of the policyholder can contact Policybazaar's dedicated claim assistance team by calling 1800-258-5881, emailing, or texting and basically informing them of the policyholder’s unfortunate death. The team will collect information about the policyholder's claim and guide them through the necessary documentation and procedures.
Once the necessary information and documentation have been collected, Policybazaar will take over the claim process on behalf of the policyholder. This includes doing the ground work, communicating with the insurance company, following up on the claim status, and ensuring that the policyholder receives the claim amount promptly.

[H2] Policybazaar guarantees FREE claim support for your family

Claim Amount (Since 2020)
₹2,132 Crore

Total Claims
2,761

States / UT
32

Cities
475

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₹1 Crore
Life Cover
@Starting from ₹ 16/day+
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₹50 LAKH
Life Cover
@Starting from ₹ 8/day+
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₹75 LAKH
Life Cover
@Starting from ₹ 12/day+
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[H2] Why Should You Buy Term Insurance Plan?

There are various term insurance benefits that are designed to cater your financial protection needs. Here is a list of few benefits:

[H3] To Secure Your Family

Looking after your family is a top priority, especially when you're the main provider. Term insurance is like a safety net for them if something unexpected happens. It gives them money to help with important bills, education, and daily life, so they can keep their desired living standard even if you're not there.
[H3] To Protect the Assets

We all work hard to build a good life for our families, including things like a house or a car. But these things usually come with loans. Term insurance can help protect those assets for your family. If something happens to you, it can pay off those loans, so your loved ones don't have to worry about losing their home or car. It's a way to ensure your hard work benefits your family, even if you're not there.
[H3] To Reduce Lifestyle Risks

Losing a loved one is always tough, and it can be even harder when it also means losing a source of income. Nowadays, health problems like heart attacks are becoming more common in India. Term insurance can help by providing financial support to families if the worst happens. This means they can focus on healing and adjusting to their new situation without the added stress of money worries.
[H3] Be Prepared for Uncertainties

Life throws difficult situation sometimes, and unexpected events like the COVID-19 pandemic have shown us how quickly things can change. Term insurance is like having a backup plan for your finances. It's not just for things you can predict, like education costs or loans, but also for those unforeseen moments. It gives you and your family a financial safety net to fall back on, no matter what surprises life brings.
[H3] Low Premium with Attractively High Life Cover

Term insurance plan gives you a lot of protection without costing a lot. If something happens to you, it's a budget-friendly way to ensure your family has a significant financial safety net. So you can have peace of mind knowing they'll be taken care of without emptying your wallet. With Policybazaar, you get the lowest price guarantee~ on term insurance premiums, starting at just ₹16 per day for a 1 Crore life cover.
[H3] Opting for a Term Rider

Term insurance is not just a one-size-fits-all solution. It's like a superhero with customizable powers! You can add special features called "riders" to give you and your family even more protection in specific situations. For a little extra cost, you can add things like:

Accidental Death Benefit Rider: Additional payout for beneficiaries if the policyholder dies in an accident.
Critical Illness Rider: Receive a lump sum if you're diagnosed with a serious illness.
Waiver of premium due to permanent disability: Stop paying premiums if you become critically ill or disabled.
Terminal Illness Rider: Provides financial support if you're diagnosed with a terminal illness.

These riders boost your protection and give you greater peace of mind, knowing you're prepared for whatever life throws your way.
[H3] Tax Benefits

Term life insurance comes with some tax benefits. You can reduce your taxes by claiming a deduction on the premiums you pay under section 80C of the Income Tax Act, 1961. And if your family receives the death benefit, that money is typically tax-free, too, u/s 10(10D) of the ITA, 1961.

[H2] Discover the most Suitable Term Plan for you!
One of the main factors in selecting the term life insurance plan for the financial protection of your family is deciding on the right sum assured option. Below are the options available for sum assured amounts that are for

[H1] Life Insurance

Life insurance is a contract between a policyholder and an insurance company. In a life insurance policy, the insurance company promises to pay a sum of money, also called the death benefit, to the beneficiary if the policyholder dies during a specified period. In return, the policyholder pays a small premium to the insurance company.Read more

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[IMG: 4.8 rated]

6.29 Crore Policies Sold
13.2 Crore Registered Consumer
53 Partners Insurance Partners

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[H3] Protect your family today and get ₹1 Crore @478/month+

[IMG: Term Life Insurance]

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HomeLife Insurance

Top Life Insurance Plans in India 2026˜

Term Insurance
Investment Plans

[IMG: Varun Agarwal]

Written By: Varun Agarwal

[IMG: Varun Agarwal]

Varun AgarwalTerm Insurance Head
Varun Agarwal, Business Unit Head of Term Insurance, leads the Life Insurance business with a strong blend of strategic foresight and customer-first thinking.He brings a fresh perspective to how life insurance is positioned, focusing on making it more relevant, intuitive, and impactful for today’s consumers. Under his leadership, Policybazaar continues to grow, helping individuals protect what matters most and ensuring financial security with confidence and clarity.

[IMG: Vivek Jain]

Reviewed By: Vivek Jain

[IMG: Vivek Jain]

Vivek JainChief Business Officer
Mr. Vivek Jain, Chief Business Officer (CBO), Life Insurance at Policybazaar.com, is a skilled leader with over ten years of experience in driving innovation within the life insurance sector. An IIM Calcutta alumnus, his expertise has played a key role in shaping Policybazaar’s life insurance offerings, making them more customer-centric and inclusive. Under his guidance, Policybazaar continues to provide a wide range of life insurance products, staying focused on our vision that every family should be insured.

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[H2] Types of Life Insurance

Ensure your family’s financial security TODAY and get:

Peace of mind with financial security
Wealth creation with market-linked investments
Waiver of premium, critical illness & other riders
Tax benefits under Sections 80C & 80D

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[H2] Types of Life Insurance

[H3] What Do You Understand By Life Insurance?

Life insurance is a legal agreement between the insurance company and the policyholder. The policyholder pays the regular premiums, and if something happens to the policyholder, the insurance company will pay a sum of money, known as a death benefit, to beneficiaries. This death benefit can help beneficiaries cover expenses such as lost income, future costs, debts, or provide for a legacy.
Based on the contract, the policyholder is also eligible for life cover in the event of critical illness or terminal illness as per the T&Cs of the life insurance plan.
In short, Life insurance meaning is that it is a financial safety net for your family that pays out a sum of money on the death of the life insured or after a set period.

[H2] Top 5 Life Insurance Companies in India**

Are you looking for the best life insurance companies in India? Here’s a list of the top 5 insurers you can consider LIC,SBI,HDFC,ICICI and Axis Max.
These companies are known for their strong claim settlement ratios, wide range of plans, and reliable customer service. Choosing the right insurance company can make a big difference in securing your family’s future.

01 Life Insurance Corporation of India

LIC of India is India's oldest and most trusted life insurance company.
It was also the first to have a nationwide presence in the insurance market.
LIC collected an annual premium of ₹4,88,848.92 crore in FY 2024–25.
Backed by a robust equity share capital of ₹6,325 crore, LIC's financial strength remains one of its biggest advantages.
In addition to its regular plans, LIC also offers a number of term insurance plans. LIC is a good choice for long-term financial protection because these plans offer substantial coverage at a low cost.

02 SBI Life Insurance Co. Ltd.

SBI Life Insurance is one of the best private life insurers in India.
The company reported an annualised premium of ₹84,984.63 crore in FY 2024–25. This shows that it is steadily growing and gaining more customers.
SBI Life is gaining policyholders' trust by settling 91.32% of claims.
The insurer also has a strong solvency ratio of 2.01, indicating it is financially stable.
The company offers term plans, such as SBI Smart Shield Plus, that provide high coverage at affordable premiums, ideal for pure protection needs.

03 HDFC Life Insurance Co. Ltd.

HDFC Life Insurance is one of the trusted private life insurance companies in India.
The company had an annualised premium of ₹71,044.91 crore in FY 2024–25, indicating the strength of its market position.
The company has been awarded the Superbrand 2026 title for the 10th time, highlighting its strong brand trust among consumers.
In addition, HDFC Life has a high solvency ratio of 1.87 and a high claim settlement ratio of 99.68%.
HDFC term plans, such as Click 2 Protect Supreme Plus, offer high coverage at affordable premiums, making them a reliable choice for long-term financial protection.

04 ICICI Prudential Life Insurance Co. Ltd.

ICICI Prudential Life Insurance has built a strong presence in India's life insurance market, driven by consistent growth and a large customer base.
In FY 2024–25, it reported an annualised premium of ₹48,950.71 crore, reflecting its scale in the private sector.
The insurer has a claim settlement ratio of 99.3%, which adds to its credibility as a claims-paying insurer.
It has paid out ₹46,182 crore in benefits so far, manages assets worth ₹3.09 lakh crore, and covers over 9.17 crore lives.
For pure protection, its term plans like iProtect Smart Plus offer high coverage at affordable premiums, with flexible payout options to suit family needs.

05 Axis Max Life Insurance Ltd.

Axis Max Life Insurance has steadily grown its business in the private life insurance market by putting a strong emphasis on protection and customer service.
It reported an annualised premium of ₹33,222.60 crore in FY 2024–25, indicating steady growth.
The company has a death claim payment ratio of 99.70%, indicating a strong history of paying claims.
It manages assets worth about ₹1.7 lakh crore and has a large base with a total sum assured of ₹2,191,857 crore.
With 405 branches nationwide, its term plans, like Smart Term Plan Plus, offer high coverage at low cost, making them a solid choice for financial protection.

**Disclaimer: The insurers mentioned above are arranged in order of highest to lowest annualised premium, based on data from the IRDAI Annual Report 2024–25. Policybazaar does not endorse, rate, or recommend any specific insurer or insurance product. For the complete list of life insurers in India, please visit the IRDAI website.

[H3] What are the Best Life Insurance in India 2026~

Here is the list of best life insurance companies sorted in order of highest to lowest Sum Assured(SA). Choose the ideal life insurance company from HDFC, MAX, SBI etc and secure your family’s future:

Top Life Insurance Plans
Investment Plans

Private Insurer
Term Insurance Plan
Sum Assured

HDFC Life Insurance
HDFC Life Click 2 Supreme
10,000 - No Limit ( > 65 years: Rs 50,000)
Apply Now

ICICI Prudential Life Insurance
ICICI Pru iProtect Smart Plus Term Plan
50 Lacs – 20 Crores
Apply Now

Tata AIA Life Insurance
Tata AIA Sampoorna Raksha Promise
25 Lacs – No limit
Apply Now

SBI Life Insurance
SBI Life eShield Next
50 Lacs – No limit
Apply Now

Bajaj Life Insurance
Bajaj Life eTouch II
50 Lacs – No limit
Apply Now

Axis Max Life Insurance
Axis Max Smart Term Plan Plus
25 Lacs – 20 Crores
Apply Now

Digit Life Insurance
Digit Glow Plus
25 Lacs - 20 Crores
Apply Now

Aditya Birla Sun Life Insurance
ABSLI DigiShield
30 Lacs – No limit
Apply Now

India First Life Insurance
India first Life Plan
1 Lac - 50 Crores
Apply Now

Kotak Mahindra Life Insurance
Kotak e-Term Insurance
51 Lacs - No limit
Apply Now

Canara HSBC Life Insurance
Canara HSBC Young Term Plan - Life Secure
25 Lacs – No limit
Apply Now

Shriram Life Insurance
Shriram Life Online Term Plan
25 Lacs -- 10 Crores
Apply Now

PNB Metlife India Insurance
PNB Mera Term Plan Plus
25 Lacs - No limit
Apply Now

Star Union Dai-ichi Life Insurance
SUD Life e-Lifeline
25 Lacs - 1 Crore
Apply Now

DHFL Pramerica Life Insurance
Pramerica Life Saral Jeevan Bima
5 Lacs - 25 Lacs
Apply Now

Aviva Life Insurance
Signature 3D Term Plan - Platinum
30 Lacs - 5 Crores
Apply Now

Future Generali Life Insurance
Future Generali Care Plus Plan
10 Lacs - No limit
Apply Now

Reliance Nippon Life Insurance
Reliance Nippon Life Super Suraksha Plus
2 Crore -- No limit
Apply Now

Ageas Federal Life Insurance
Termsurance Life Protection Insurance Plan
5 Lacs - No limit
Apply Now

Bandhan Life Insurance
Bandhan Life iTerm Prime
-
Apply Now

Bharti Axa Life Insurance
Bharti AXA Flexi Term Pro
25 Lacs -- No limit
Apply Now

Edelweiss Tokio Life Insurance
Zindagi Protect Plus
50 Lacs – No limit
Apply Now

Public Insurer

Life Insurance Corporation of India
LIC Jeevan Amar
25 Lacs - No Limit
Apply Now

Insurer Name
Investment Plans
5 Year Returns
10 Year Returns

Private Insurer

SBI Life Insurance Company
SBI Life-eWealth Plus
15.7%
12.3%

HDFC Life Insurance
Click2Invest
28.1%
21%

Axis Max Life Insurance
Online Savings Plan
28.6%
17.8%

ICICI Prudential Life Insurance
EzyGrow - Wealth
25.1%
17.7%

Tata AIA Life Insurance
Smart Fortune Plus-Wealth Secure
27.3%
17.9%

Bajaj Life Insurance
Smart Wealth Goal V
27.5%
18.8%

Birla Sun Life Insurance
Wealth Smart Plus
22%
15.4%

Kotak Mahindra Life Insurance
E-Invest Plus
20.7%
14.2%

PNB MetLife India Insurance
Smart Goal Ensuring Multiplier-Wealth
20.3%
15%

Canara HSBC Life Insurance
Promise4Growth Plus - Wealth
15.6%
10.9%

Star Union Dai-ichi Life Insurance
e-Wealth Royale
14.2%
10.2%

Pramerica Life Insurance
Smart Invest 1 UP
27.4%
17.9%

Bandhan Life Insurance
iInvest Advantage Plan
20.1%
13.8%

Public Insurer

Life Insurance Corporation of India
LIC India Index Plus
13.3%
14.9%

[H3] How Policybazaar Helps NRIs with Life Insurance Plans?

Policybazaar offers comprehensivePolicybazaar provides a secure platform to NRIs and allows them to buy a comprehensive life insurance for NRIs plan. Policybazaar ensures that NRI can easily compare all the available plans online and select the plan that aligns with their long term protection goals.
We at Policybazaar also provide a Dedicated Claim Assistance Program. The main motive of this program is to support the NRI and their families throughout the claim process. From filing a claim to claim settlement, our experts make sure that you get complete guidance to ensure timely claim settlement.
Along with this program, we also provide a dedicated claims relationship manager. The only role of this manager is to support you throughout your claim journey. They ensure that you or your nominee do not have to face any hurdles and ensure faster claim disbursal, priority processing, and transparent communication.
Policybazaar offers a digital platform that enables NRI policyholders to stay informed about their policies. They can also compare policies with ease and buy one that suits them.

[H3] Why Should NRIs Buy Life Insurance in India?

Lower Premiums Than International PlansBuying a Life Insurance policy for NRI from Indian insurers costs less when compared to global options. In many cases, premiums can be 50–60% lower while offering similar or even better coverage benefits.
Easy Medical Tests from Anywhere NRIs no longer need to travel for medical checkups. Most Indian insurers now allow telephonic or video-based medical tests, often managed by IRDAI-approved third-party medical providers globally. This ensures policy issuance is simple, fast, and compliant from anywhere in the world.
Global Coverage with 24/7 Claim Help Indian Insurers offer worldwide protection. Insurers also provide 24/7 customer assistance, ensuring your family can access claim help anytime, from anywhere in the world.
Zero GST on individual life insurance premiums From 22 September 2025, the GST Council has made all individual life insurance policies completely tax-free under GST. The previous 18% GST on premiums has been reduced to 0%, making both term insurance and savings-linked plans immediately more affordable for all citizens and NRIs.
[H3] A Brief History of Life Insurance in India

Life insurance in India began with the founding of the Oriental Life Insurance Company in 1818. As time went on, more Indian and foreign insurance companies joined the market, and the industry grew to the point where it needed clear rules. As a result, two laws went into effect. The first was the Indian Life Assurance Companies Act of 1912, and the second was the Insurance Act of 1938.
The government merged 245 private insurers into one company, the Life Insurance Corporation of India, on September 1, 1956, to bring order and public trust to the industry. This made LIC a public organization. This was done to make life insurance easier and more available to everyone.
LIC operated as India's sole life insurance provider for over four decades. During this time, it built deep customer trust, especially in rural and semi-urban areas, and significantly increased insurance penetration.
The Indian government established the IRDAI, or the Insurance Regulatory and Development Authority of India, in 1999. This was the start of allowing private and foreign companies to enter the life insurance market. This led to greater innovation, more competition, and better consumer protection.
[H3] What are the Different Types of Life Insurance?

There are only two types of life insurance plans: term insurance (protection plans) and investment plans. While Term Insurance provi