Buy Term Insurance: Top Insurance Policy & Plan Online in India 2025

Calculate your ideal cover amount

Enter your age (yr)^*

Expenses per month (₹)^*

Savings till now (₹)

Any loans/liabilities (₹)

Age

32 yrs

Expenses

₹85k /m

Savings

₹10 L

Loan

₹0

Cover for 60 yrs₹ 0

OUR RECOMMENDED PLANS

Term Insurance, a financial safety net for your family

It’s a simple, cost-effective and comprehensive security net for your family. Term insurance gives you peace of mind, ensuring your loved ones' financial needs are covered, even if you're not around.

Cost EffectiveComprehensive coveragePurest form of protection

Example of how it works?

You buy Term Insurance cover of ₹1 Crore at 30

You pay a premium of ₹1000/month till you are 60

In case of your demise, your family gets ₹1 Crore

Why do you need Term Insurance?

Term insurance is a comprehensive financial planning tool to ensure your family’s financial security, even when you are not around.

LONG-TERM FINANCIAL STABILITY

Future Security

Your personal obligations like children’s education and marriage expenses can be met

Tax Benefits

You get term insurance tax benefits under section 80C and the death benefits are also tax-free (under Section 10(10D))

Extra Protection

You get additional security for critical illness, disability and accidental death

IMMEDIATE FINANCIAL RELIEF

Maintain Lifestyle Expenses

Pay-off Debt & Loans

Why choose Upstox for your Term Life Insurance needs?

With its financial planning expertise, Upstox tailors your term insurance plan with optimal coverage and lowest premium for your unique needs.

Simple Process and No Spamming

We make the process simple and quick, without any spam or mis-selling. Our team ensures you fully understand the policy to make an informed decision.

Only Best Insurers

Upstox’s platform features top insurers in India that have proven track records with high claim settlement ratios, excellent customer service, and affordable premiums for comprehensive coverage.

Upstox’s Term Insurance Calculator

The term insurance calculator provides the best coverage based on your lifestyle and future needs, helping avoid under- or over-insurance. It’s the perfect companion to start your insurance journey.

Enhanced Coverage Options

We help you choose the best add-ons for your needs, including accidental death, critical illness, and spousal protection plans to boost your coverage.

Plans for Specific Groups

If you're just starting your investment journey, or a retired individual, a single mother, or an entrepreneur, Upstox helps you choose the right insurance plan.

Intelligent Insights

Your coverage and insurance needs are calculated as per your current and future needs. We also suggest the best add-ons for your needs and do not propose generic life covers.

Top Term Life Insurance Plans

Here is a list of top insurers with the best CSR (Claim Settlement Ratio) and best customer support

Axis Max LifeSmart Term Plan Plus

CSR (3 yr Avg.)99.7%

Amt. settlement ratio95.5%

Volume of complaints7.3

Solvency Ratio2.02

HDFC LifeHDFC Life Click 2 Protect Super

CSR (3 yr Avg.)99.5%

Amt. settlement ratio87.3%

Volume of complaints2

Solvency Ratio2.01

Bajaj AllianzBajaj Allianz Life eTouch II

CSR (3 yr Avg.)99.23%

Amt. settlement ratio93%

Volume of complaints6.6

Solvency Ratio4.4

Documents needed to buy Term Insurance

Keep any one accepted document ready for each proof.

Identity proof
Any 1

PANPassportVoter IDAadhaar Card

Income proof
Any 1

For salaried individuals

Bank statement showing credit of salary
Last 2 years filed ITRs
Recent Form 16

For self-employed individuals

Last 2 years of audited balance sheet and profit loss document
Form 26 AS
Last 2 years filed ITRs

Medical proof

In case of a past medical history or illness, you could be asked to take a medical test or show proof

Address proof
Any 1

PassportVoter IDAadhaar CardProperty tax receiptElectricity, phone, gas or water bills not older than 2 months

Factors that affect Term Life Insurance Premium

Before getting term life insurance, here are a few things you should keep in mind

Age

Buy early to pay less. Young people get lower premiums which are locked-in for the entire tenure.

Lifestyle habits

Smokers pay higher premiums due to risks. If you've quit for over 12 months, you may qualify for non-smoker rates.

Gender

Women get discounts on term insurance premiums due to higher life expectancy

Health status

With a clean medical history and good BMI score, you can expect lower premiums with little formalities.

Occupational risks

If you work in a risky environment, you might be required to pay higher premiums, but you will still get adequate coverage.

Did you Know?

Age: Although the coverage is higher, and health-related examinations are negligible in your 20s or 30s, you will still get competitive rates with comprehensive coverage in your older years.
Health Status: There are unique term insurance plans for people suffering from diabetes, BP, thyroid and other critical illnesses.
Gender: Women specific diseases include breast cancer & other and autoimmune ailments. You also get discounts due to the average high life expectancy.
Lifestyle: There are special plans for people with risky jobs and a smoking history.
Occupational Risks: Although you pay higher premiums, you will still get adequate coverage and a specific policy meant for your unique needs.

Some facts about Term Insurance you cannot miss out on

Before choosing term insurance, please consider all these points

Plan Wisely

Choosing a term insurance with a capital return option (term insurance with return of premium) is always more expensive.

Start Early

There is no substitute for starting early. The later you are, the more premium you end up paying.

Balanced Coverage

Avoid overinsurance at all costs. Most of your obligations are up to the superannuation age (60-65 years), so consider a plan accordingly

Assess Your Needs

Do not simply choose ₹1 crore term insurance; assess your needs and decide based on your unique financial needs.

Love from our customers

Here is what our customers feel about buying insurance from Upstox

The best part about the Upstox team is that they listen more and suggest a plan only after knowing what I need and not what they have. They are very professional and have a customer-centric approach

JayeshBought HDFC term plan

I asked the Upstox rep to tailor a plan for my uncle due to retirement in the next 5 years. I had little hopes, but I was pleasantly surprised when I got three competitive quotations with enough coverage for my uncle’s family

RohanBought TATA AIA

Upstox employees do not believe in shoving products or pushing sales at any point. The process is simple and friendly

RheaBought Axis Max Life Insurance

FAQs

What is term insurance, and how does it work?

Term insurance provides life coverage for a fixed period at a set premium. If the insured dies within the term, the beneficiary receives the death benefit; otherwise, coverage expires. It’s a simple, cost-effective way to secure your family’s financial future.

Who should buy Term Insurance?

Term Insurance can be a good option for people with dependents as it will ensure your family's financial security during unforeseen circumstances.

How do I determine the right coverage amount for my term insurance?

Your coverage should align with your income, debts, and future expenses, like your child's education. Upstox’s Term Insurance calculator helps assess the ideal amount to ensure adequate financial security.

Eligibility criteria / Documents needed to buy Term Insurance?

The policyholder must be between the ages of 18 and 65. To apply for term insurance, you typically need to provide the following:

Government-issued ID
Income proof
Medical records (if applicable)

Depending on the insurer and the amount of coverage, additional documentation might be required.

What are the benefits of buying a Term Insurance plan?

Term Insurance is usually the least expensive life insurance available. It offers a death benefit for a restricted time and doesn't have a cash value component like permanent insurance.

When should one consider a Term Insurance plan?

Consider term insurance beyond 60 only if:

You still have dependents
You continue working with sufficient income
You have enough savings to pay premiums and support successors

Can I adjust my term insurance plan as my life changes?

Yes, many insurers allow adjustments for major life events like marriage or having a child. You can also buy an additional policy if needed.

What are policy exceptions?

Policy exceptions are specific conditions or circumstances under which the insurance policy will not provide coverage

For term life insurance, common exceptions include death due to suicide within the first year of the policy, death caused by participation in illegal activities, or deaths due to certain dangerous hobbies or sports.

Exclusions specific to insurance companies and their plans are covered in plan details for every plan.

How to switch policy?

The policy term can be changed by the policyholder by contacting the insurer and requesting the change. The policyholder may be asked to fill out an application and send it to the insurer. This can be done both online and offline.

What is the claiming process?

If you need to make a claim on your term insurance policy, it's important to ensure you have all the necessary documentation ready. This typically includes a completed claim form along with essential documents such as the death certificate of the insured, the policy document, and any additional paperwork required based on the circumstances of the claim, such as a post-mortem report or a police report in case of accidental demise.

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Term Insurance that’s right for you