term life insurance Aaj ke time me sirf savings ya FD par depend rehna kaafi risky ho sakta hai. Agar family aap par financially depend karti hai, to term insurance ek aisa tool hai jo kam premium me bada financial cover deta hai. Is article me hum detail me samjhenge:
- Term life insurance kya hota hai.
- Best term insurance plan kaise choose kare.
- LIC, SBI, HDFC, ICICI jaise top term insurance companies ka overview.
- Online term life insurance lene ke fayde.
Ye guide specially India ke users ke liye hai jo buy term life insurance online karna chahte hain.
Term Insurance Kya Hota Hai?
Term Insurance ek pure protection based life insurance plan hota hai. Iska main purpose hota hai policyholder ke family ko financial support dena, agar unki death policy term ke dauran ho jaati hai.
Isme kuch basic points hote hain:
- Aap ek fixed time period (term) ke liye policy lete ho, jaise 20 saal, 30 saal ya 60 saal ki age tak
- Agar policy term ke dauran policyholder ki death ho jaati hai, to nominee ko sum assured milta hai
- Agar policyholder policy term ke end tak survive kar jata hai, to normal term plan me koi maturity amount nahi milta
- Isi wajah se term insurance ke premiums kaafi low aur affordable hote hain
Example ke liye:
Agar aap 30 saal ki age me ₹1 crore ka term plan lete ho, to aapko sirf ₹600–₹900 per month premium dena pad sakta hai (age, health aur insurer par depend karta hai).
Term Life Insurance Terms Samajhna Zaroori Kyun Hai?
Bahut saare log sirf ye dekh kar policy le lete hain ki premium kitna hai. Lekin sirf premium dekhna galat approach hai. Agar aap term insurance ke basic terms nahi samajhte, to claim ke time problem ho sakti hai.
Chaliye important terms ko simple language me samajhte hain 👇
1️⃣ Sum Assured (Death Benefit)
Ye wo amount hota hai jo nominee ko policyholder ki death ke baad milta hai.
Example: ₹50 lakh, ₹1 crore, ₹2 crore.
👉 Tip: Sum assured aapki income, liabilities (loan), aur family expenses ke hisaab se choose karna chahiye.
2️⃣ Policy Term
Policy term ka matlab hota hai kitne saal tak insurance cover rahega.
Jaise: 20 years, 30 years, ya age 60/65 tak.
👉 Generally, policy term ko retirement age tak rakhna best mana jata hai.
3️⃣ Premium Payment Term (PPT)
Iska matlab hota hai kitne saal tak aap premium pay karoge.
Types:
- Regular Pay – poore term tak premium
- Limited Pay – jaise 10–15 saal
- Single Pay – ek hi baar
4️⃣ Riders (Extra Benefits)
Riders optional hote hain, jo extra protection dete hain:
- Accidental Death Benefit Rider
- Critical Illness Rider
- Waiver of Premium Rider
👉 Riders se premium thoda badhta hai, lekin coverage ka scope kaafi strong ho jata hai.
5️⃣ Claim Settlement Ratio (CSR)
Ye batata hai ki insurance company kitne claims successfully settle karti hai.
- 95%+ CSR = Reliable company
- Low CSR = Risky choice
👉 Hamesha high claim settlement ratio wali term insurance company choose karo.
Term Insurance Affordable Kyun Hota Hai?
Bahut log poochte hain ki jab maturity amount nahi milta, to log term insurance kyun lete hain?
Answer simple hai: Risk coverage only.
- Isme saving ya investment part nahi hota
- Sirf death risk cover hota hai
- Isliye insurance company ka risk limited hota hai
- Result: Low premium, high cover
Isi wajah se term plans ko best term life insurance for middle class families in India maana jaata hai.
Term Insurance Kaise Kaam Karta Hai?
Term insurance ka working concept kaafi simple hai:
- Aap ek fixed time period (term) ke liye policy lete ho (jaise 20, 30 ya 40 saal)
- Agar policy term ke dauran policyholder ki death ho jaati hai, to nominee ko sum assured milta hai
- Agar policyholder term ke end tak zinda rehta hai, to normal term plan me koi maturity amount nahi milta
👉 Isi wajah se term insurance ko low cost, high coverage life insurance kaha jata hai.
Example Se Samjhiye
Maan lijiye aap 30 saal ke ho aur aapne ₹1 crore ka term insurance plan 30 saal ke liye liya.
- Agar aapko policy term ke dauran kuch ho jata hai → aapke nominee ko ₹1 crore milta hai
- Agar aap 60 saal tak safely survive kar jaate ho → policy expire ho jati hai, koi payout nahi milta
Ye plan ka goal savings nahi, balki family protection hota hai.
Term Life Insurance Terms Samajhna Zaroori Kyun Hai?
Bahut log sirf premium dekh kar policy le lete hain, lekin term life insurance terms samajhna equally important hai:
- Sum Assured – death benefit amount
- Policy Term – kitne saal tak cover
- Premium Payment Term – kitne saal premium dena hai
- Riders – accidental death, critical illness, waiver of premium
- Claim Settlement Ratio – company claims kitni reliably settle karti hai.
In terms ko samajhne se aap best term insurance policy choose kar paate ho.
Best Term Insurance Plan Kaise Choose Kare?
Aaj ke time me term life insurance sirf ek option nahi, balki family protection ka sabse important pillar ban chuka hai. Lekin market me itne saare plans available hain ki log confuse ho jaate hain ki best term insurance plan kaise choose kare.
Galat plan choose karne par ya to coverage kam pad jati hai, ya future me premium burden ban jata hai. Isliye term insurance lene se pehle kuch critical factors samajhna bahut zaroori hai.
Chaliye step-by-step dekhte hain.
1️⃣ Right Sum Assured Chune (Sabse Important Decision)
Term insurance choose karte waqt sum assured (life cover) sabse pehla aur sabse important factor hota hai.
Experts recommend karte hain ki:
👉 Life cover = aapki annual income ka 15–20 times
🔹 Example:
Agar aap:
- ₹10 lakh annually earn karte ho
To: - Ideal term insurance cover ≈ ₹1.5 crore – ₹2 crore
Iska reason simple hai:
- Family ke daily expenses
- Children ki education
- Home loan / personal loan
- Inflation ka impact
Agar sum assured kam hoga, to policy ka purpose hi fail ho sakta hai.
👉 Tip:
Cheaper premium ke chakkar me low cover choose karna biggest mistake hoti hai.
2️⃣ Policy Duration
Term insurance ki policy duration utni hi important hoti hai jitni sum assured.
Experts ka maanna hai:
👉 Policy term ideally aapki retirement age (60–65 years) tak honi chahiye
Kyun?
- Retirement ke baad income band ho jati hai
- Family ka financial dependency zyada hota hai
- Medical & living expenses badh jaate hain
Example:
- Agar aap 30 saal ke ho
- To policy term ≈ 30–35 years rakhna best hota hai
Short term policy lene se:
- Cover jaldi khatam ho jata hai
- Baad me nayi policy lena mehenga padta hai
Isliye hamesha long-term protection ko priority do.
3️⃣ Premium Affordability
Bahut se log sirf Google par search karte hain:
👉 “Cheapest term insurance plan”
Lekin yaad rakho:
❌ Cheapest term insurance hamesha best nahi hota
Best term insurance plan me ye balance hona chahiye:
🔹 Affordable Premium
- Premium aisa ho jo long term me easily pay ho sake
- Har saal stress na ho
🔹 Strong Insurance Company
- Reputed insurer ho
- Market me trust aur experience ho
🔹 Good Claim Settlement Record
- High claim settlement ratio
- Simple & transparent claim process
Agar premium thoda zyada hai lekin company reliable hai, to wo plan zyada safe hota hai.
4️⃣ Claim Settlement Ratio Check Karna Na Bhoole
Term insurance ka asli test claim ke time hota hai, isliye insurer ka claim settlement ratio (CSR) zaroor check karo.
👉 Higher CSR = zyada claims settled
👉 Lower CSR = claim rejection ka risk
Indian insurance market me:
- 95%+ CSR wali companies zyada trustworthy maani jati hain
Policy lene se pehle:
- IRDAI report check karo
- Online customer reviews dekho
5️⃣ Riders & Extra Benefits (Optional but Useful)
Best term insurance plan wo hota hai jisme useful riders available hon.
Common riders:
- Accidental Death Benefit
- Critical Illness Rider
- Waiver of Premium
Riders se:
- Protection aur strong ho jati hai
- Thoda extra premium lagta hai, lekin benefit zyada milta hai
📌 Indian Families Ke Liye Expert Advice
India me term insurance ka main goal hota hai:
👉 Family ki financial security
Isliye decision lete waqt:
- Sirf premium mat dekho
- Coverage + term + insurer reliability sab check karo
Experts kehte hain:
👉 Term insurance ko expense nahi, investment in protection samjho
Best Term Insurance Companies in India (Popular Options)
🔹 LIC Term Insurance
- Government-backed trust
- High credibility
- Slightly higher premium but strong confidence
🔹 SBI Term Insurance
- Bank-backed insurer
- Simple plans
- Suitable for conservative buyers
🔹 HDFC Life Term Insurance
- Popular plans: HDFC Life Protect, HDFC Click2Protect / HDFCClick2Protect
- Flexible options
- Strong digital experience
- click here
🔹 ICICI Term Insurance
- High claim settlement ratio
- Customizable riders
- Online purchase friendly
🔹 Aegon Life iTerm Insurance Plan
- Known for best term life insurance rates
- Competitive pricing
- Good option for young buyers
Online Term Life Insurance Kyun Better Hai?
Aaj kal maximum log buy term insurance online prefer karte hain, kyunki:
✔ Premium offline se sasta hota hai
✔ Comparison easy hota hai
✔ Paperwork kam
✔ Instant policy issuanceIsliye best online term insurance plan choose karna long-term me beneficial hota hai.
Cheapest Term Insurance vs Best Term Policy
Cheapest plan ka matlab ye nahi ki wo good term life insurance hai. Dekho:
- Claim settlement history
- Company reputation
- Policy exclusions
- Customer service
Kabhi kabhi thoda sa zyada premium dena better protection deta hai.
Term Insurance for NRI
Term insurance for NRI India me kaafi popular ho raha hai:
- INR me policy
- Family India me secure
- Online purchase possible
- Medicals abroad bhi ho sakte hain
NRI log buy term life insurance online karke easily coverage le sakte hain.
Return of Premium Term Plan
Kuch log aise plans prefer karte hain jisme maturity par paisa wapas mile.
Is category me aata hai:
👉 Best term plan with return of premium
Pros:
✔ Maturity benefit
✔ Psychological satisfaction
Cons:
❌ Premium kaafi high hota hai
Ye plan un logon ke liye hai jo protection + saving dono chahte hain.
Term Insurance Policy Kab Buy Karni Chahiye?
Best time = jab aap young ho aur healthy ho
- Premium kam hota hai
- Medical issues kam
- Long-term coverage milta hai
Isliye delay na kare aur purchase term life insurance jaldi kare.
Conclusion
Aaj ke uncertain time me term plan sirf insurance nahi, balki family ke future ka foundation hai. Chahe aap LIC term insurance, HDFC life term insurance, ya ICICI term insurance choose karo important ye hai ki aap informed decision lo.
Agar aap sahi plan choose karte ho, to best term insurance aapki family ko financially strong bana sakta hai.