{"id":31,"date":"2013-09-07T08:10:24","date_gmt":"2013-09-06T23:10:24","guid":{"rendered":"http:\/\/trucompare.wordpress.com\/?p=31"},"modified":"2016-01-21T12:00:52","modified_gmt":"2016-01-21T06:30:52","slug":"best-term-insurance-in-india-2013","status":"publish","type":"post","link":"https:\/\/www.trucompare.in\/blog\/best-term-insurance-in-india-2013\/","title":{"rendered":"Term Insurance Comparison &#8211; Which is the Best Term Insurance Plan in India?"},"content":{"rendered":"<p><a href=\"http:\/\/trucompare.in\/\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"484\" data-permalink=\"https:\/\/www.trucompare.in\/blog\/what-is-term-insurance\/trucompare_head\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?fit=205%2C21&amp;ssl=1\" data-orig-size=\"205,21\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"TruCompare_head\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?fit=205%2C21&amp;ssl=1\" class=\"alignnone size-full wp-image-484\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=205%2C21\" alt=\"TruCompare_head\" width=\"205\" height=\"21\" \/><\/a><\/p>\n<h2>Term Insurance Comparison<\/h2>\n<p>In earlier posts, we have looked at various criteria that can be used for term insurance comparison. Although it is difficult to say which is the best term insurance plan in India, one can keep the following policies in mind before making a buy decision.<\/p>\n<p><span style=\"color: #0000ff;\"><strong>HDFC LIFE Click2Protect<\/strong><\/span>&#8211; Currently\u00a0the Best Term Insurance Plan in India<\/p>\n<ul>\n<ul>\n<li>Although this is not the cheapest policy in the market ( about 20-25% expensive), it scores really well in <a title=\"IRDA Claim Settlement Ratio Life Insurance Companies in India\" href=\"http:\/\/trucompare.in\/blog\/irda-claim-settlement-ratio\/\">IRDA claim settlement ratio<\/a> and <a title=\"Customer Satisfaction Data for insurance Companies\" href=\"http:\/\/trucompare.in\/blog\/insurance-companies-customer-satisfaction-metrics\/\">customer retention metrics<\/a>.<\/li>\n<li>Good brand in the market as it has the HDFC pedigree.<\/li>\n<\/ul>\n<\/ul>\n<p><span style=\"color: #339966;\"><em>Compare the premiums and online claim ratios at <\/em><a href=\"http:\/\/trucompare.in\"><span style=\"color: #ff6600;\">Trucompare.in<\/span><\/a><\/span><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"484\" data-permalink=\"https:\/\/www.trucompare.in\/blog\/what-is-term-insurance\/trucompare_head\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?fit=205%2C21&amp;ssl=1\" data-orig-size=\"205,21\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"TruCompare_head\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?fit=205%2C21&amp;ssl=1\" class=\"alignnone size-full wp-image-484\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=205%2C21\" alt=\"TruCompare_head\" width=\"205\" height=\"21\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #0000ff;\"><strong>AVIVA iLife<\/strong><\/span>&#8211; Value for Money<\/p>\n<ul>\n<li>One of the cheapest in the market.<\/li>\n<li>Scores reasonable well in <a title=\"Claim Settlement Ratio\" href=\"http:\/\/trucompare.in\/blog\/irda-claim-settlement-ratio\/\">claim settlement ratio<\/a> and customer retention metrics. They can give serious competition to HDFC if they improve upon their claim settlement ratios.<\/li>\n<li>Global brand in the insurance market. In UK, they are considered a very decent brand<\/li>\n<\/ul>\n<p><span style=\"color: #0000ff;\"><strong>BHARTI AXA and RELIGARE Aegon<\/strong><\/span> &#8211; Cheapest term plans<\/p>\n<ul>\n<li>One of the cheapest in the market.<\/li>\n<li>Average to low scores in <a title=\"Claim Settlement Ratio of Insurance Companies\" href=\"http:\/\/trucompare.in\/blog\/irda-claim-settlement-ratio\/\">claim settlement ratio of insurance companies<\/a>\u00a0and customer retention metrics.<\/li>\n<li>Trying hard to create a more trustworthy brand.<\/li>\n<\/ul>\n<p><span style=\"color: #0000ff;\"><strong>Kotak, Edelweiss Tokio and Bajaj Allianz<\/strong><\/span>&#8211; Worth consideration<\/p>\n<ul>\n<li>Edelweiss is cheaper than the rest but has limited track record. At the same time,the company is making strides to create a brand. It will be good to see the IRDA claim settlement ratio data in 2012<\/li>\n<li>Kotak Preferred allows you to add the sum assured at a later stage in life.<\/li>\n<li>Bajaj Allianz is one of the best managed insurer in the country.<\/li>\n<\/ul>\n<p><span style=\"color: #0000ff;\"><strong>SBI Life<\/strong><\/span> &#8211; For those who prefer public insurers<\/p>\n<ul>\n<li>Costs much lower than LIC but higher than the likes of HDFC,Aviva or Religare Aegon<\/li>\n<li>Scores good in claim settlement and <a title=\"Customer Satisfaction Metrics for Insurance Companies\" href=\"http:\/\/trucompare.in\/blog\/insurance-companies-customer-satisfaction-metrics\/\">customer retention metrics<\/a>.<\/li>\n<li>Trustworthy brand in the market<\/li>\n<\/ul>\n<p><span style=\"color: #0000ff;\"><strong>LIC Term Plan<\/strong><\/span>&#8211; Good claim ratio but damn expensive<\/p>\n<ul>\n<li>For those, who want to go for LIC, unfortunately they have outpriced themselves out of the market. Currently they cost 4 times the cheapest plan in the market.<\/li>\n<li>One might consider shifting to LIC term plans as and when they come up with a cheaper and more competitive option.<\/li>\n<\/ul>\n<p>I&#8217;d recommend a revisit to the article on <a href=\"http:\/\/trucompare.in\">choosing term insurance<\/a> to get the basics right for term insurance comparison before deciding on the cover and the term. It is important to insure your life before you think of anything else. For a quick quote or advice specific to your situation, <a title=\"Compare Term Insurance Plans \" href=\"http:\/\/trucompare.in\">compare the best term insurance plans<\/a>\u00a0online.<\/p>\n<p><em><span style=\"color: #008000;\">Compare the premiums and online claim ratios at<\/span>\u00a0<\/em><span style=\"color: #ff6600;\"><a href=\"http:\/\/trucompare.in\"><span style=\"color: #ff6600;\">Trucompare.in<\/span><\/a><\/span><\/p>\n<p><a href=\"http:\/\/trucompare.in\/\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=205%2C21\" alt=\"TruCompare_head\" width=\"205\" height=\"21\" \/><\/a><\/p>\n<p><a href=\"http:\/\/trucompare.in\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.moneysupermarket.com\/life-insurance\/assets\/images\/gadgets\/get-quote.png?w=604\" alt=\"Get a quote now\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Term Insurance Comparison In earlier posts, we have looked at various criteria that can be used for term insurance comparison. Although it is difficult to say which is the best term insurance plan in India, one can keep the following policies in mind before making a buy decision. HDFC LIFE Click2Protect&#8211; Currently\u00a0the Best Term Insurance &hellip; <a href=\"https:\/\/www.trucompare.in\/blog\/best-term-insurance-in-india-2013\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Term Insurance Comparison &#8211; Which is the Best Term Insurance Plan in India?<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-31","post","type-post","status-publish","format-standard","hentry","category-term-insurance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":false,"jetpack_shortlink":"https:\/\/wp.me\/p3wDt5-v","jetpack-related-posts":[{"id":102,"url":"https:\/\/www.trucompare.in\/blog\/product-review-lic-term-plan\/","url_meta":{"origin":31,"position":0},"title":"LIC of India Term Insurance Plan Review from TruCompare","author":"Trucompare","date":"May 6, 2013","format":false,"excerpt":"Company: LIC of India Product Name-\u00a0Amulya Jeevan \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Product features: Minimum sum assured of 25 lakhs Maximum sum assured- No limit Available up to 35 years duration Maximum Age at Entry - 60 years Maximum Age at Maturity- 70 years Company's pitch: The oldest and most trusted\u2026","rel":"","context":"In &quot;LIC&quot;","block_context":{"text":"LIC","link":"https:\/\/www.trucompare.in\/blog\/lic\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":641,"url":"https:\/\/www.trucompare.in\/blog\/best-term-plans-in-india\/","url_meta":{"origin":31,"position":1},"title":"Best Term Insurance Plans in India- A quick comparison","author":"Trucompare","date":"March 26, 2015","format":false,"excerpt":"\u00a0 Best Term Insurance Plan Please see an updated version of the comparison here-\u00a0IRDA Claim Settlement Ratio for 2015 - Compare best online term insurance plans As online term plans have gained popularity, almost all the life insurance companies have come up with their online term plans and claims to\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":293,"url":"https:\/\/www.trucompare.in\/blog\/are-endowment-plans-any-good-for-wealth-creation\/","url_meta":{"origin":31,"position":2},"title":"Are Endowment Plans, aka Traditional Life Insurance Plans, Any Good for Wealth Creation?","author":"Trucompare","date":"May 10, 2013","format":false,"excerpt":"Since most of the life insurance policies in India are still sold as \"savings and investment\", endowment plans( also known as traditional life insurance plans) are the most popular of the products. This trend was started by LIC of India ( oldest insurer in India) whose agents goaded investors to\u2026","rel":"","context":"In &quot;Endowment Plan&quot;","block_context":{"text":"Endowment Plan","link":"https:\/\/www.trucompare.in\/blog\/endowment-plan\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":791,"url":"https:\/\/www.trucompare.in\/blog\/online-term-plans-in-2015\/","url_meta":{"origin":31,"position":3},"title":"Top 10 Online Term Insurance Plans in 2015 &#8211; A Detailed Comparison of features and IRDA data","author":"Trucompare","date":"November 21, 2015","format":false,"excerpt":"Compare\u00a0Term Insurance\u00a0Online You have decided to get a term insurance\u00a0cover to ensure your peace of mind and financial security for your family. Since you have already made this decision, we assume that you have conducted a detailed research on what are term insurance plans. If not, then we recommend you\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"Compare term insurance online","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2016\/01\/Term-Insurance-comparison-eligibility-criteria.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2016\/01\/Term-Insurance-comparison-eligibility-criteria.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2016\/01\/Term-Insurance-comparison-eligibility-criteria.png?resize=525%2C300 1.5x"},"classes":[]},{"id":6,"url":"https:\/\/www.trucompare.in\/blog\/term-insurance-in-india\/","url_meta":{"origin":31,"position":4},"title":"Best Term Insurance Plan in India- How to Choose the Right Plan for You","author":"Trucompare","date":"May 2, 2013","format":false,"excerpt":"Choose Best Term Insurance Plan in India What is term insurance? Term insurance is the cheapest way to protect your family\u2019s finances if worst happens to you. In this article, we will look at how to select the best term insurance plan in India that meets your needs. Term insurance\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132,"url":"https:\/\/www.trucompare.in\/blog\/hdfc-life-click2protect-claim-ratio\/","url_meta":{"origin":31,"position":5},"title":"HDFC Life Click2Protect Term Insurance Plan Review","author":"Trucompare","date":"May 7, 2013","format":false,"excerpt":"Company: HDFC Life Product Name-\u00a0Click2Protect \u00a0 \u00a0 \u00a0\u00a0 Product features: Minimum sum assured of 10 lakhs Maximum sum assured- 10 crores Available in 10\/15\/20\/25\/30 years duration Maximum Age at Entry - 55 years Maximum Age at Maturity- 65 years HDFC Life's\u00a0pitch: Security at an affordable price Our view: PLUS- \u00a0HDFC\u2026","rel":"","context":"In &quot;HDFC Life&quot;","block_context":{"text":"HDFC Life","link":"https:\/\/www.trucompare.in\/blog\/hdfc-life\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":56,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/31\/revisions"}],"predecessor-version":[{"id":1017,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/31\/revisions\/1017"}],"wp:attachment":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/media?parent=31"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/categories?post=31"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/tags?post=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}