Unlock Best Life Insurance Offers from
50+ insurers at the best prices

A life insurance policy is an agreement between an insurance
company and a policyholder, where the life insurer promises to
pay a fixed amount of money in return for a premium, after
a set time period or upon the life assured’s death.

Unlock Best Life Insurance Offers from 50+ insurers at the best prices

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300,000+

SMEs We’ve Assisted

1+ Crore

life cover starting from ₹525/month+

4.9/5

out of 300K customers

₹1 Crore life cover starting from ₹525/month+

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+On the basis of your profile

+Rs. 525/month (Rs.17/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 12/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 16/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 664/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 792/month (Rs.30/day) is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 28 years of age.

+Rs. 1,023/month is the starting price for a Rs. 1 Crore term life insurance for a 30 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age. Additional premium is payable for riders opted. #Full refund of the premium may be availed when you opt to exit the policy at a pre-defined interval. On availing the one-time option to exit, the total base premium is returned by the Insurer excluding GST & premium paid for additional optional benefits.

+Rs. 792/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,219/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,559/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 2,850/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age, rounded off to nearest 10

This plan provides an option for ‘Return of Premium’ wherein full refund of the premium (excluding GST & premium paid for additional optional benefits) is provided as a part of maturity benefit on survival of the Life Assured till the end of the policy term.

Prices offered by the insurer are as per the IRDAI approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

*Pre-approved term plan is only available for eligible existing customer base determined by insurers.

*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24×7 Claims Support Helpline can be reached out at 1800-258-5881

*Additional premium is payable for riders opted

Need-based Investment

The standard thumb rule is that your life cover should be ten times your annual income, so your family is not financially influenced if anything happens to you. When choosing life insurance, you should consider any existing medical conditions or mortgages. Your financial holdings should be based on your needs and be well-balanced.

The Price Tag

First, it is wise to compare the rates and the different charges associated with the policy or policies you are interested in using the web aggregators that are readily available today. Then, ensure the insurance provider you select has pricing that fits your financial strategy and is within your budget.

Claims Settlement Ratio

Claim settlement ratio (CSR) is the ratio of claims settled by an insurance company against total claims received annually. A high CSR indicates that the corporation makes it simple to resolve claims. The claim settlement ratio helps in evaluating the customer-friendliness of life insurance companies.

Solvency margins

In addition, understanding the solvency margin is necessary to gauge the insurer's fiscal viability. Solvency margin is a metric used to assess a company's ability to satisfy its debt obligations, claims obligations, and other financial commitments.

Frequently Asked Questions

Life insurance is a financial contract that provides a lump sum payment (the death benefit) to your beneficiaries in case of your death. It offers financial security and ensures that your loved ones are taken care of when you’re no longer around. Life insurance is essential to protect your family’s financial future and cover expenses like debts, education, and daily living costs.
In India, there are several types of life insurance policies, including term insurance, whole life insurance, endowment plans, money-back policies, and unit-linked insurance plans (ULIPs). Each type has its own features and benefits. It’s important to choose a policy that aligns with your financial goals and risk tolerance.
The ideal coverage amount for your life insurance policy should consider factors such as your income, current expenses, outstanding debts, and your family’s future financial needs. It’s recommended to use a needs analysis calculator or consult with a financial advisor to determine the appropriate coverage amount for your specific situation.
Premiums are the periodic payments you make to the insurance company to keep your policy active. The premium amount is calculated based on various factors, including your age, health, coverage amount, policy type, and term length. Younger and healthier individuals often pay lower premiums. It’s important to pay premiums regularly and on time to ensure the policy remains in force.
Yes, life insurance policies in India offer tax benefits under sections 80C and 10(10D) of the Income Tax Act. Premiums paid on life insurance policies are eligible for deductions from your taxable income under section 80C, and the proceeds received by your beneficiaries are usually tax-free under section 10(10D). These tax benefits make life insurance an attractive financial planning tool.