Top Term Insurance Policies

When it comes to protecting your family’s future, term insurance is one of the smartest financial decisions you can make. But not all policies are created equal. One key factor to consider is the claim settlement ratio—because when your family needs it most, you want a company that pays.

In this post, we break down the top 5 term insurance policies in India for 2025 with a strong track record of claim approvals, competitive pricing, and solid benefits.

Why Claim Settlement Ratio Matters

A term plan is only as good as the company behind it. The claim settlement ratio (CSR) tells you the percentage of claims an insurer has paid out. A higher ratio means your loved ones are more likely to receive the payout smoothly.

A CSR of 95%+ is considered excellent
Data is published annually by IRDAI (Insurance Regulatory and Development Authority of India)

Top 5 Term Insurance Plans in India (2025)

Here are five top-performing term insurance providers based on claim settlement ratio, affordability, flexibility, and trust.

1. LIC Tech Term Plan – Most Trusted

Claim Settlement Ratio (2023-24): 98.62%
Coverage: ₹50 L to ₹5 Cr+
Entry Age: 18–65 years
Highlights:
- Backed by India’s oldest insurer
- Competitive premium for long-term policies
- Online purchase option

2. HDFC Life Click 2 Protect Super – Most Flexible Plan

Claim Settlement Ratio: 99.39%
Coverage: ₹25 L to ₹10 Cr
Entry Age: 18–65 years
Highlights:
- Customize payout options (lump sum, monthly income, combo)
- Add-on riders: Critical Illness, Accidental Death, Waiver of Premium
- Lifetime cover available

3. Max Life Smart Secure Plus – High Claim Payout with Benefits

Claim Settlement Ratio: 99.51%
Coverage: ₹25 L to ₹5 Cr+
Entry Age: 18–60 years
Highlights:
- Includes terminal illness benefit by default
- Premium waiver options
- Return of premium available

4. Tata AIA Sampoorna Raksha Supreme – Best for Add-ons

Claim Settlement Ratio: 99.01%
Coverage: ₹50 L to ₹10 Cr+
Entry Age: 18–60 years
Highlights:
- Highly customizable plan
- Multiple payout structures
- Whole-life option available up to age 100

5. ICICI Pru iProtect Smart – All-Round Coverage

Claim Settlement Ratio: 98.81%
Coverage: ₹25 L to ₹5 Cr+
Entry Age: 18–65 years
Highlights:
- Covers over 30 critical illnesses
- Low premiums for non-smokers and women
- Quick online application process

Term Insurance Comparison Table

Company	Claim Ratio	Max Coverage	Key Benefit
LIC	98.62%	₹5 Cr+	Most trusted, legacy brand
HDFC Life	99.39%	₹10 Cr	Customizable payout options
Max Life	99.51%	₹5 Cr+	Terminal illness included
Tata AIA	99.01%	₹10 Cr+	Whole life + flexible riders
ICICI Pru Life	98.81%	₹5 Cr+	Critical illness coverage

🔍 How to Choose the Right Term Plan

Estimate Your Coverage Need
Use this formula:

Annual Income × 15 + outstanding loans + children’s education costs
Look Beyond Premiums
A cheaper plan isn’t always better. Focus on:
- Claim ratio
- Additional benefits
- Claim settlement speed
Check the Fine Print
Understand exclusions and read rider terms carefully.

Find Verified Insurance Agents on VyaparGrow Classifieds

Want expert help finding the right term plan or need to compare quotes?
Head over to VyaparGrow Classifieds to connect with verified insurance advisors in your city.

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Start your search smart. Start with VyaparGrow.

FAQs for Term Insurance

Q1: Which term insurance plan is best in India in 2025?
The best term insurance plans in India for 2025 include Max Life Smart Secure Plus, HDFC Life Click 2 Protect Super, and LIC Tech Term, based on high claim settlement ratios and flexible benefits.

Q2: What is a good claim settlement ratio for term insurance?
A claim settlement ratio above 95% is considered good. In 2025, top insurers like Max Life and HDFC Life have CSRs over 99%, indicating reliable payout history.

Q3: Is LIC better than private insurers for term insurance?
LIC is India’s most trusted brand with strong customer support and a CSR of 98.62%, but private insurers like HDFC Life and Max Life offer more flexibility and online convenience.

Q4: How much term insurance coverage should I take?

A common rule is to take coverage of 10–15 times your annual income plus any outstanding debts and future family expenses like education.

Q5: Can I buy term insurance online in India?
Yes. Leading providers like ICICI Pru, Tata AIA, and HDFC Life offer easy online purchase options with instant quotes and no paperwork.

Q6: What is the minimum and maximum age for buying term insurance in India?
Most term plans are available for individuals aged 18 to 65. Coverage can extend up to age 85 or even 100 with lifetime or whole-life options.

Q7: Are medical tests required for term insurance in India?
Yes, most term plans require medical tests, especially for higher cover amounts. However, some insurers offer no-medical exam policies for younger, healthy applicants.

Q8: Can I buy term insurance through VyaparGrow Classifieds?
Yes. You can connect with verified insurance agents across India via VyaparGrow Classifieds to compare term plans, get quotes, and buy policies with confidence.

Final Thoughts

Choosing a term insurance policy isn’t about picking the cheapest one—it’s about choosing a plan your family can truly rely on. All the insurers listed above have high claim settlement ratios, strong customer support, and flexible options.

Protect your family. Start now. Pay less. Gain peace of mind.

Categories : Insurance