Best Term Life Insurance Plans of 2026

1- Term Insurance Ratings data was last updated in August 2025.

2- All data has been sourced from policy brochures, policy wordings, prospectus, public disclosures (Q4, FY 2024-2025), insurer websites, and the IRDAI website.  

   ・The Claims Settlement Ratio (No. of claims) data is taken from L-40, insurer public disclosures (Q4, FY 2024-2025). It is calculated by dividing the number of death claims settled by the sum of outstanding death claims at the beginning of the year and death claims reported during the year.           

   ・The data related to claim complaints and policy purchase complaints is taken from L-41, insurer public disclosures (Q4, FY 2024-2025).           

   ・The Solvency Ratio data is taken from L-32, insurer public disclosures (Q4, FY 2024-2025).           

   ・The data related to claims settled within 30 days is taken from L-39, insurer public disclosures (Q4, FY 2024-2025). It is calculated by dividing the number of death claims paid within 30 days by the total number of death claims paid during the year.           

   ・The Turnover data is taken from L-4, insurer public disclosures (Q4, FY 2024-2025). It is calculated by converting net written premium to gross written premium.           

   ・The number of policies and claims data is taken from L-41, insurer public disclosures (Q4, FY 2024-2025).           

3- Only features that are currently available for purchase online were considered when calculating the Ratings.

4- In the Premium Ratings, we do not display premium amounts - instead, we show the product's relative pricing compared to the median.

5- Premium for all plans is calculated for the following profile: 30-year-old, non-smoker, married male, for a sum assured of INR 1 Crore, up to the age of 65 years, paying annual premiums, till the end of the policy. Except for these plans:

• ABSLI Income Suraksha Plan - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 1.2 Crore, up to the age of 65 years, choosing a monthly income payout option. 
• Ageas Federal Life Insurance iSecure Plan - We have opted for the Medical option (instead of the Telemedical option). 
• Edelweiss Life Zindagi Protect Plus - the premium has been calculated for a sum assured of ₹1,00,01,000. 
• HDFC Life Click 2 Protect Elite Plus & Kotak Life Signature Term Plan - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 2 Crore. 
• IndiaFirst Life Super Protection Plan - the premium is calculated for a 30-year-old, non-smoker, married male, with a sum assured of ₹1 Crore, under a limited premium pay option of 30 years. 
• SBI Life Smart Shield Premier - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 2 Crore. The plan is chosen under the minimum eligible income bracket of ₹10 lakhs and above.
• LIC Digi Credit Life Plan - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 1 Crore, up to the age of 60 years, paying annual premiums for 15 years. The Risk Cover Schedule Rate is 12.

6- The overall ratings do not include the premium rating. This is because we believe that the affordability of premiums is a personal thing. Something that seems unaffordable or expensive to one person could seem cheap and affordable to another, regardless of their income. We leave it up to our users to decide whether the price they pay seems reasonable for the features they receive.

7- The Response time on X (Twitter) was calculated using a sample set of tweets from January to September 2025 - (Analyzed in September 2025). The Response time on Toll Free was last evaluated in August 2025.

• We were not able to connect with a human agent on the toll-free numbers of Bharti AXA Life Insurance Company Ltd., Edelweiss Tokio Life Insurance Company Ltd., HDFC Life Insurance Company Ltd., IndiaFirst Life Insurance Company Ltd. and Reliance Nippon Life Insurance Company Ltd. 
• Acko Life - No dedicated X (Twitter) handle for life insurance. Also, no life insurance-related tweets found on their other two official handles. 
• Ageas Federal Life Insurance Co. Ltd - The time frame had to be extended to 2024 due to lack of activity in the X (Twitter) handle. 
• Pramerica Life Insurance Co. Ltd – No official X (Twitter)  handle found during the time of study.

8- Claims Experience was assessed based on an audit of various processes and facilities offered by the insurers, during claim settlement.