Life is full of surprizes. Some of these surprizes, for sure, will not going to be a pleasant experience for you. No one knows what would happen in the next minute of his life. To live a tension-free life, you need to plan accordingly. The best way to do so is to select right life insurance plans. Depending on your financial goal and affordability, you may choose whole life insurance or term insurance.

Whole life insurance plan comes with life cover and ‘cash value’ component whereas term insurance provides you only life cover for a certain period of time. On maturity, term insurance will not return any part of your investment. Primary goal of term insurance is to give you sufficient cover in nominal budget.

In this age of internet, you can take your insurance policies right at the comfort of your home. What you need to do is to click on the mouse and fill up some personal details. Internet could be a smart option to save effort and time over insurance policies. Why don’t you take a look at some of the best online term insurance plans available in India? Then let’s start the journey now.

ICICI Prodential iProtect Online Plan:
After LIC, ICICI is the second best insurer as per their efficiency in claim settlement. Its Prudential Online plan is known as iProtect Online Plan. Premium rates of this term insurance policy are not at all high rather very reasonable. Minimum policy term of the plan is 10 years and maximum is 30 years. It has option for Accidental Death Benefit Rider and maximum Sum Assured offered under this rider is Rs. 50 Lakhs.

HDFC Life’s Click 2 Protect Online Plan:
The HDFC Click to Protect plus is another lucrative online term insurance policy. Policy Term ranges from minimum 10 years to maximum 30 years. It offers life cover up to 65 years of age. Amount of Sum Assured can be anywhere between Rs. 10 Lakhs to Rs. 10 Crores. Premium rate of this plan is slightly lower than the ICICI’s iProtect plan.

LIC’s e-Term Online Plan:
Unlike other financial institutions like ICICI and HDFC, LIC has introduced their online term plan late. It came to market in the year 2014. LIC e-Term Online plan is almost 35% cheaper than LIC’s other offline term plans. You may find e-term’s premium rate very costly in comparison to ICICI iProtect and HDFC Life Click 2 Protect but it has the highest claim settlement rate making it most trustworthy. Minimum Policy Term is 10 years and maximum is 35 years. It gives cover up to 75 years of age. Minimum Sum assured offered under LIC’s e-term Online Plan is Rs. 50 Lakhs.

Max Life Online Term Plan:
It comes with decent premium rate and it provides optional Accident Death Benefit rider. Claim settlement rate for this plan is above 93%. Under this term plan, minimum Sum Assured is Rs. 25 Lakhs and maximum is Rs. 100 Crores which is really huge. We took this policy as our 4th best online plan because of its two options - Basic Life Cover Plus Monthly Income and Basic Life Cover Plus Increasing Monthly Income.

Kotak Life’s Preferred e-Term Online Plan:
This online term plan comes with Policy Term of minimum 10 years and maximum 40 years. It covers you up to 75 years of age. Minimum Sum Assured offered under this scheme is Rs. 25 Lakhs. There is an option named ‘Recurring Payout’ coming with the plan where a part of the claim is paid when policy-holder dies and rest of the amount is paid for next 15 years to the beneficiary. Premium rates of Kotak Life’s Preferred e-Term are much lower than other online term plans of ICICI, HDFC or LIC.

Author's Bio: 

This is Yash sharma Sr. creative writer. I have written several articles on finance, insurance & loans & I like very much to write insurance articles.