Compare & Buy Term insurance Plans

* Based on a feedback recieved from customers who bought online from January 2014 onwards.

  • 94% of our customers saved on an average Rs. 3000 per policy *
  • PolicyX.com provides plain, simple, apples to apples comparison of online term plans
  • Online term plans are Upto 60% cheaper than offline plans
  • Medical tests if required are done at the comfort of your home
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Best Term Insurance Plans From India's Top Life Insurers

Max Life Insurance Company Limited
HDFC Standard Life Insurance Company Limited
PNB MetLife India Insurance Company Limited
Reliance Life Insurance Company Limited
Aegon Life Insurance Company Limited
Edelweiss Tokio Life Insurance Company Limited

How PolicyX.com Helps You To Choose The Best Term Insurance Plans In India

Online term plans are still at a nascent stage in India with some companies still in the process of launching online plans. However, offline term plans have been around for as long as Insurance and have been one of the key necessities for people looking for pure protection. Online term plans are up-to 60% cheaper than equivalent offline plans. This is due to the fact that in online plans, agent commissions are not involved and operational costs are also lower. These benefits are passed on to the customers in the form of reduced premiums.

Benefits Of Term Plan Comparison With PolicyX.com

There are a host of companies offering online plans and therefore as a consumer, you need to be able to understand the features and pricing of multiple companies to be able to choose the best term plan for your family. We have agreements and integrations with multiple leading players like HDFC Life, Reliance Life, Max Life Insurance, Aviva, Aegon Life, Bharti AXA Life Insurance, etc. We therefore bring to you online term plans from the best in the industry. You can view and compare features, coverage, premiums, tenures, etc within minutes.

Tips To Buy Cheapest Term Plan

While comparing online term plans, you need to keep in mind certain important factors. Some of the key inputs variables are the term or tenure of the coverage, sum assured, etc. The thumb rule is to go for tenure of your expected retirement age minus your current age. For example: if you are 25 years old and plan to retire at the age of 60, then ideally you should cover your family for a period of 60-35 = 25 years. The amount of coverage usually depends on the your income. Most people advice to go for 10-20 times of your current annual income. Other tips that can help you save money while choosing a term plan are:

Comparison

When you compare Term Plans, look at the product features & Flexibility apart from its price.

Enter early

The earlier you buy the plan, the cheaper are the rates of premium. The number of years of the age greatly influences the premium amount

Buy Online

Online term plans are usually cheaper than similar products in the offline category as it cuts out on intermediary commissions

Quit Smoking

If you quit smoking, you can buy the policy at lesser rate and lower premium.