Life insurance is very important. After all, what could be more important than life? However, one thing you want to keep in mind is that a person buys a life insurance policy not because he is afraid of death or that he is about to die, but because he takes care of his family and his loved ones are living.


And for their substantial life without any financial constraints, you should make sure that your family does not have to worry about anything because you will no longer be in person to take care of them. And what better way than life insurance?


A life insurance policy ensures that your family's life is not hampered by any type of financial crisis. It provides a lump sum to the nominee in case of death of the insured. And even though the insured outlines the policy term, it will still offer a lump sum.


Since we cannot predict what the next moment can bring to our lives, we must ensure that we are prepared against any kind of uncertainties that life has to throw at us. And in this case, buying life insurance is not the final answer.


Along with buying a life insurance policy, you should ensure that the policy you are buying is effective and good to give you the right returns and provide additional monetary benefits to your family in your absence. This is why it has become a necessity to consider top-notch life insurance plans. No one will be able to digest the fact of investing money to buy life insurance and will not be able to get the cover they are entitled to.


But, there are 24 life insurance companies in India and each company has several life insurance plans for individual and personal benefits. So it is quite understandable that zeroing in on a particular life insurance product from a particular provider can be a difficult task.


To make this job easier and easier for you, I am giving you information about some of the top life insurance plans/Policy of 2020:

List of Top Life Insurance Plans in 2020:



Life Insurance Plan Name

Entry Age

Policy Term

Sum Assured

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Bajaj Allianz i-Secure

18 years

70 years

10 years

30 years

20 Lakh

NA

Aviva I-Life Plan

18 years

55 years

10 years

35 years

25 Lakh

NA

Aegon Life iTerm Plan

18 years

75 years

5 years

40 years

10 Lakh

NA

Bharti AXA e-Protect Term Plan

18 years

75 years

10 years

30 years

25 Lakh

Na

HDFC Click2Protect Plus

18 years

65 years

10 years

30 years

10 Lakh

10 Crores

HDFC Life Sanchay

30 years

45 years

15 years

25 years

1,05,673

NA

HDFC SL Crest

14 years

55 years

10 years

10 years

(7 or 10) x Annual Premium

20 x Annual Premium

ICICI Pru iProtect

20 years

75 years

10 years

30 years

3 Lakh

NA

Kotak Life Preferred e-Term

18 years

75 years

10 years

40 years

25 Lakh

NA

LIC Amulya Jeevan

18 years

60 years

5 years

35 years

25 Lakh

NA

LIC New Jeevan Anand

18 years

50 years

15 years

50 years

1 Lakh

NA

LIC Term Plan

18 years

75 years

10 years

35 years

50 Lakh

NA

Max Life Online Term Plan

18 years

70 years

10 years

35 years

25 Lakh

100 Crores

SBI eShield Plan

18 years

70 years

5 years

30 years

20 Lakh

NA

SBI Shubh Nivesh Plan

18 years

60 years

5 years

30 years

75000

NA

 The chart above includes the top life insurance plan/policy in 2020. Depending on your unique requirements, you can go for a life insurance plan from any particular insurance company that suits you. Make sure you choose the correct cover and the sum insured. And one thing before goes through your life insurance policy please check out their official site for the latest update about insurance.

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