Best Life Insurance Policy in India with High Returns

Life Insurance Policy

Life insurance is a necessity for every human being. It protects your loved ones from financial hardships in case something unfortunate happens to you.

The best life insurance policy in India will provide the right cover at the right price, so that you can have peace of mind knowing that your family won’t be burdened with debt if anything should happen to you.

Life is unpredictable, and there are many things that can happen in a day. You never know when you will need your life insurance to come into play. Consider the following statistics:

-More than 23% of people who die each year do so unexpectedly

With these facts in mind, it’s clear why getting high returns on your life insurance policy is the best way for you and your family to protect themselves against any unforeseen circumstances that may occur.

Life insurance policies are often one of the last things on our minds. We don’t know how much coverage we need, and if we do get a policy, it’s not something that is front-of-mind for us.

However, life insurance can be an important part of your financial plan. Let’s take a look at what you should know about getting the best policy in India to protect yourself and your family from financial hardship after you’re gone.

Best Life Insurance Policy in India with High Returns

Listed below are the 5 Best Life Insurance Plans available in India:

LIC’s Jeevan Pragati Plan

  • Plan Type: Endowment
  • Min/Max Entrey Age: 12 years to 45 years
  • Policy Term: (Min/Max): 12 Years to 20 Years
  • Sum Assured (Min/Max): Minimum – Rs.1,50,000 Maximum – No Limit
  • Premium payment modes: Monthly, quarterly, half-yearly, and yearly
  • About LIC’s Jeevan Pragati Plan:  This life insurance policy is a non-linked life insurance plan offered by Life Insurance Corporation of India (LIC).  Jeevan Pragati is a combination of life cover and savings. Policyholders can also avail loan facility under this plan.

SBI Life eShield:

  • Plan Type: Term Insurance Plan
  • Policy Term: (Min/Max): 5 years to 30 years
  • Min/Max Entrey Age: 18 years/65 years
  • Sum Assured (Min/Max): Minimum – Rs.20 lakh Maximum – No limit
  • Maximum Maturity Age: 80 years
  • Premium payment modes: Monthly, quarterly, half-yearly, and yearly
  • About SBI Life eShield:  It is a non-linked online insurance policy which provides higher returns on premiums. The life insurance policy does not offer survival benefits at the time of maturity. You can safeguard your family in your absence and secure them financially with SBI Life eShield Term Insurance Plan.

Aviva i-Life

  • Plan Type: Term Insurance Plan
  • Policy Term: (Min/Max): 10 years to 35 years
  • Min/Max Entrey Age: 18 years to 55 years
  • Sum Assured (Min/Max): Minimum – Rs.25 lakh Maximum – No limit
  • Premium payment modes: Monthly, quarterly, half-yearly, and yearly
  • About Aviva i-Life: This life insurance policy is a protection plan that offers a comprehensive financial protection to your family in case of your death. This plan doesn’t offer maturity benefits and comes at a nominal cost.

Birla Sun Life BSLI Protect@Ease Plan

  • Plan Type: Term Insurance Plan
  • Min/Max Entrey Age: 18 years to 65 years
  • Policy Term: (Min/Max): 5 Years to 40 Years
  • Sum Assured (Min/Max): Minimum – Rs.30 lakh Maximum – No Limit
  • Premium payment modes: Monthly, quarterly, half-yearly, and yearly
  • About Birla Sun Life BSLI Protect@Ease Plan: This life insurance policy comes with flexible coverage options. It guarantees an end-to-end financial protection to your family against life’s uncertainties.

HDFC Life Click 2 Protect Plus

  • Plan Type: Term Insurance Plan
  • Min/Max Entrey Age: 18 years to 65 years
  • Policy Term: (Min/Max):10 years to 40 years
  • Sum Assured (Min/Max): Minimum – Rs.25 lakh Maximum – No limit
  • Premium payment modes: Monthly, quarterly, half-yearly, and yearly
  • About HDFC Life Click 2 Protect Plus: This life insurance policy is term insurance plan that provides a comprehensive financial protection to your family even when you are not around.

Bharti Axa Life Elite Secure

  • Plan Type: Term Insurance Plan
  • Min/Max Entrey Age: 18 years to 75 years
  • Policy Term: (Min/Max):10 years to 25 years
  • Sum Assured (Min/Max): Minimum – Rs.25 lakh Maximum – No Limit
  • Premium payment modes: Monthly, quarterly, half-yearly, and yearly
  • About Bharti Axa Life Elite Secure: It is affordable plan and comes with an option to cover your life till 75 years of age. Bharti Axa Life Elite Secure provides an extensive financial support to your family, in case an unfortunate incident takes place.

PNB MetLife Mera Term Plan

  • Plan Type: Term Insurance Plan
  • Min/Max Entrey Age:18 years to 65 years
  • Policy Term: (Min/Max):10 Years to 40 Years
  • Sum Assured (Min/Max):Minimum – Rs.10 lakh Maximum – No Limit
  • Premium payment modes: Monthly, quarterly, half-yearly, and yearly
  • About PNB MetLife Mera Term Plan: This life insurance policy offers a comprehensive protection to your family in your absence. It is tailor made life insurance cover.

Life Insurance is necessary for everyone

There are many life insurance policies to choose from, so it is important to do your research and find the right one for you.

The best life insurance policy in India will provide you with high returns on your investment, as well as peace of mind knowing that your loved ones are taken care of financially if something should happen to you.

So, what are you waiting for? Get started today and find the best life insurance policy in India for your needs!

If something happens to me, my family won’t have to worry about money. I need a life insurance policy.

The best life insurance policy in India offers high returns on your investment. I’m going to look into getting the best life insurance policy.

What are the benefits of life insurance in India?

There are several benefits of life insurance in India. Some of these include:

  • Financial security for your family in case of your death- Tax benefits under section 80C and section 54EC of the Income Tax Act 1961
  • Liquidity: You can withdraw money from the policy whenever you need it
  • Guaranteed returns: You will receive a guaranteed return on your investment, regardless of market conditions

If you are looking for financial security for yourself and your loved ones, then life insurance is a great option to consider.

It provides peace of mind knowing that you and your family are taken care of in case something happens to you.

Additionally, there are several tax benefits associated with life insurance policies in India, which can help you save money on your taxes.

List of Life Insurance Companies in India – IRDA Registered Life Insurers List

Lastly, life insurance policies offer guaranteed returns, which means you can be assured of a certain rate of return on your investment, regardless of market conditions.

So if you are looking for the best life insurance policy in India with high returns, then consider below list.

How to find the best life insurance policy in India with high returns?

There are many life insurance policies in India with high returns. You need to do a little research to find the best one for you. Here are some tips:

-Look for a policy that offers good returns, low premiums, and flexible payment options.
-Make sure the policy is backed by a reliable company with a strong financial history.
-Read the terms and conditions carefully before buying the policy.

If you follow these tips, you can be sure to find the best life insurance policy in India with high returns. So why wait? Get started today!

What should be your investment strategy while buying a life insurance policy in India?

  • Buy a policy only when the need is there. You may not have enough time to invest otherwise or you can buy it after your retirement.
  • The choice of choosing an insurance plan depends on how much return will be offered by an insurer, what are charges and if he/she has right knowledge about investments so that they provide good returns every year which grow with inflation over long term period.
  • Also, be aware of the terms and conditions mentioned in your policy. For e.g policies with SBI Life come with a lock-in period of five years which means you cannot withdraw from these plans before that time.

So if you are not sure about investing for more than five years then it is better to avoid such products or at least go through all the terms carefully before buying them.

Lastly, read reviews online on different life insurance companies before selecting one as they will also help understand their product range and services better.

Why you need to buy a term plan when buying an endowment plan or whole-life plan?

Another important question comes in mind is “why you need to buy a term plan when buying an endowment plan or whole-life policy?”

Well, the reason for this is that not all insurance companies will keep paying your family even if they have paid high premiums.

In such cases where the insurer fails to pay claims due to its own financial crisis, then it becomes necessary for you take out a life cover from another company at lower premium rates and get adequate returns on investment.

If you do not purchase a Life Insurance Policy with High Returns while purchasing any other kind of plans then there are chances that your money might go waste over time because different insurers invest their funds differently which may result into low return investments or no interest/returns at all.

It is always advisable to buy a term plan from an insurer who has a good reputation and is financially stable, so that you can be assured of getting the Life Insurance Policy with High Returns when you need it the most. You can compare different life insurance policies online and then purchase the one that best suits your needs.

Another important question comes in mind is “why you need to buy a term plan when buying an endowment plan or whole-life policy?”

Well, the reason for this is that not all insurance companies will keep paying your family even if they have paid high premiums.

In such cases where the insurer fails to pay claims due to its own financial crisis, then it becomes necessary for you take out a life cover from another company at lower premium rates and adequate returns on investment.

If you do not purchase a Life Insurance Policy with High Returns while purchasing any other kind of plans then there are chances that your money might go waste over time.

How does an endowment plan work and how it is different from other plans like whole-life, ULIPs, etc.?

An endowment plan is a life insurance policy that offers both death benefits and maturity benefits. The maturity benefit is the payout you receive at the end of the policy term, which is usually when you reach a certain age (e.g., 70 or 80 years old).

In contrast, whole-life policies offer death benefits only; there are no maturity benefits. ULIPs, or Unit Linked Insurance Plans, are investment products rather than pure life insurance policies.

They offer investors the chance to invest in a variety of assets such as stocks, bonds, and mutual funds.

There are also variations within these three types of plans: for example, an endowment policy might be “with profits” or “without profits.”

With profits means that the insurer will share any profits generated from investing the premiums with the policyholder. Without profits means that the insurer keeps all investment profits for itself.

The key difference between an endowment plan and term plans is that, with most other policies, you are only insured against death. With an endowment policy, you also receive a payout at maturity (assuming you haven’t died first).

This makes it possible to use the policy as a savings vehicle in addition to providing life insurance coverage.

Another key difference is that ULIPs are investment products while traditional life insurance policies are not.

This gives ULIPs the potential to offer higher returns than traditional life insurance policies, but there is also more risk involved since investors can lose money if the investments in a ULIP decline in value.

Thank you for reading! If you have enjoyed this article about the best Life Insurance Policy in India, please like and share!

If you have any questions or comments, feel free to contact us. Please subscribe for more content like this! Read more information about the life insurance companies in India at https://www.irdai.gov.in

Disclaimer: Insurance is a subject matter of solicitation. The information provided in this website cannot substitute for the advice of a licensed professional.

Are you an Entrepreneur or Startup?
Do you have a Success Story to Share?
SugarMint would like to share your success story with our readers.