{"id":29,"date":"2011-07-27T05:38:37","date_gmt":"2011-07-27T05:38:37","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=29"},"modified":"2014-06-18T00:04:25","modified_gmt":"2014-06-17T18:34:25","slug":"life-insurance-term-plan-details","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/life-insurance-term-plan-details\/","title":{"rendered":"Life Insurance – Term Plan details"},"content":{"rendered":"

Life Insurance is the first step of Financial Planning. And in Life insurance – Term Plan is the best bet. Term plan is simple – if the insured person dies his nominee get the insured amount. If he doesn’t die there is no return. This makes it the cheapest form of life insurance.<\/p>\n

But again its difficult to choose which term plan to opt for. In this post I have listed all the term plans available in the Indian market along with the minimum and maximum age for getting insured in the plan. Also it has the maximum tenure and the maximum age till which you can get insurance along with the riders available. The premium for insurance of Rs 1 Crore for normal 25 years old non-smoking male for 25 years term, varies from Rs 7,000 to 25,500 for Rs 1 crore insurance depending on company, plan and riders available.<\/p>\n

Riders Short codes:<\/em><\/strong><\/p>\n

CI<\/strong> – Critical Illness ||\u00a0APD<\/strong> – Accidental & Permanent Disability ||\u00a0AD<\/strong> – Accidental Death ||\u00a0HC<\/strong> – Hospital Cash || WOP<\/strong> –\u00a0Waiver Of Premium ||\u00a0ASA<\/strong> – Accelerated Sum Assured<\/em><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Term Plan<\/th>\nMin Age of Insurance<\/th>\nMax Age for Insurance<\/th>\nMax Age at Maturity<\/th>\nMax Tenure<\/th>\nRiders<\/th>\nPremium<\/th>\n<\/tr>\n<\/thead>\n
AEGON Religare iTerm Plan Term Insurance<\/td>\n18<\/td>\n60<\/td>\n65<\/td>\n25<\/td>\nNo Riders<\/td>\n9265<\/td>\n<\/tr>\n
AEGON Religare Life Level Term Plan<\/td>\n18<\/td>\n55<\/td>\n75<\/td>\n30<\/td>\nCI, APD<\/td>\n17428<\/td>\n<\/tr>\n
Aviva Life Insurance i Life Term Insurance<\/td>\n18<\/td>\n55<\/td>\n70<\/td>\n35<\/td>\nNo Riders<\/td>\n7081<\/td>\n<\/tr>\n
Aviva Life Insurance Life Shield Plus Term Insurance<\/td>\n18<\/td>\n55<\/td>\n65<\/td>\n30<\/td>\nCI, APD<\/td>\n16324<\/td>\n<\/tr>\n
Bajaj Allianz Life New Risk Care Term Insurance<\/td>\n18<\/td>\n60<\/td>\n65<\/td>\n40<\/td>\nCI, APD, AD, HC<\/td>\n19440<\/td>\n<\/tr>\n
Birla Sun Life High Networth Plan Term Insurance<\/td>\n18<\/td>\n65<\/td>\n75<\/td>\n30<\/td>\nCI, APD, WOP<\/td>\n14560<\/td>\n<\/tr>\n
Birla Sun Life Term Plan<\/td>\n18<\/td>\n55<\/td>\n70<\/td>\n25<\/td>\nCI, APD, WOP<\/td>\n25590<\/td>\n<\/tr>\n
Canara HSBC OBC Life Pure Term Plan<\/td>\n18<\/td>\n64<\/td>\n74<\/td>\n30<\/td>\nNo Riders<\/td>\n18861<\/td>\n<\/tr>\n
HDFC Life Term Assurance Plan (Regular Premium)<\/td>\n18<\/td>\n60<\/td>\n65<\/td>\n30<\/td>\nCI, AD, ASA<\/td>\n19242<\/td>\n<\/tr>\n
ICICI Pru Life iProtect Term Insurance<\/td>\n20<\/td>\n65<\/td>\n75<\/td>\n30<\/td>\nAD<\/td>\n9265<\/td>\n<\/tr>\n
ICICI Pru Life Pure Protect Term Insurance<\/td>\n18<\/td>\n65<\/td>\n75<\/td>\n30<\/td>\nAPD, WOP<\/td>\n16685<\/td>\n<\/tr>\n
ING Vysya Life Term Life Term Insurance<\/td>\n18<\/td>\n65<\/td>\n75<\/td>\n30<\/td>\nAPD, AD<\/td>\n22515<\/td>\n<\/tr>\n
Kotak Life e-Preferred Term Plan Term Insurance<\/td>\n18<\/td>\n65<\/td>\n70<\/td>\n30<\/td>\nNo Riders<\/td>\n9100<\/td>\n<\/tr>\n
Kotak Life Preferred Term Plan Term Insurance<\/td>\n18<\/td>\n65<\/td>\n70<\/td>\n30<\/td>\nCI, APD, AD<\/td>\n11223<\/td>\n<\/tr>\n
LIC Amulya Jeevan Term Insurance<\/td>\n18<\/td>\n60<\/td>\n70<\/td>\n35<\/td>\nNo Riders<\/td>\n23500<\/td>\n<\/tr>\n
Max New York Life Platinum Protect<\/td>\n18<\/td>\n60<\/td>\n75<\/td>\n30<\/td>\nCI, APD<\/td>\n16986<\/td>\n<\/tr>\n
MetLife Met Protect Term Insurance<\/td>\n18<\/td>\n60<\/td>\n70<\/td>\n35<\/td>\nNo Riders<\/td>\n8603<\/td>\n<\/tr>\n
MetLife Suraksha Plus Term Insurance<\/td>\n18<\/td>\n60<\/td>\n70<\/td>\n35<\/td>\nCI, AD<\/td>\n14670<\/td>\n<\/tr>\n
Metlife Suraksha Term Insurance<\/td>\n18<\/td>\n60<\/td>\n65<\/td>\n25<\/td>\nCI, AD<\/td>\n24597<\/td>\n<\/tr>\n
Reliance Life Term Plan Term Insurance<\/td>\n21<\/td>\n60<\/td>\n65<\/td>\n30<\/td>\nAPD, WOP<\/td>\n23059<\/td>\n<\/tr>\n
Tata AIG Life Raksha Term Insurance<\/td>\n18<\/td>\n50<\/td>\n60<\/td>\n25<\/td>\nNo Riders<\/td>\n24376<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Life Insurance Companies<\/p>\n","protected":false},"excerpt":{"rendered":"

Life Insurance is the first step of Financial Planning. And in Life insurance – Term Plan is the best bet. Term plan is simple – if the insured person dies his nominee get the insured amount. If he doesn’t die there is no return. This makes it the cheapest form of life insurance. But again […]<\/p>\n","protected":false},"author":1,"featured_media":4702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[5,16],"tags":[95,415,416,436,417,418,437,419,438,420,421,439,422,21,440,423,441,424,425,442,426,18,20,358,427,428,38,429,40,443,430,444,431,432,433,39,434,445,435,17],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans-300x226.png",300,226,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",120,91,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":6,"uagb_excerpt":"Life Insurance is the first step of Financial Planning. And in Life insurance – Term Plan is the best bet. Term plan is simple – if the insured person dies his nominee get the insured amount. If he doesn’t die there is no return. This makes it the cheapest form of life insurance. But again…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/29"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=29"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/29\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/4702"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=29"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=29"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=29"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}