Online Term Insurance for
Senior Citizen
  • Best 5 Senior Citizen Term Plans
  • Check Your Eligibility
  • Points to Consider Before Purchasing
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Term Insurance for Senior Citizen

Having term insurance for your old age can prove to be the most convenient investment tool through which you can secure your financial needs.

Not only the insurance will provide cover for your critical illness, but will also offer the death benefit, which ensures financial security to your family.

Let’s check out 5 online term insurance plans in the market.

Best 5 Term Insurance Plans for Senior Citizens in India 2023

Aegon Life iTerm Plan

A cost-effective and comprehensive online term insurance plan which comes with inbuilt terminal illness benefit.

Unique Features

  • Death Benefit Payout
  • InstaCover benefit
  • High sum assured

Bharti AXA eProtect Term Plan

An affordable online term plan that comes with life insurance benefits, rewards for non-smokers, and a cover of Rs. 1 crore.

Unique Features

  • Family Care Benefit
  • Non-smoker rewards
  • Tax benefits

Offers Critical illness cover and coverage for 36 Critical Illnesses with premium waiver benefit on the diagnosis of any of the covered Critical Illnesses.

Unique Features

  • 'LifeStage Re-balancing' feature.
  • Avail Critical Illness Benefits.
  • Premium Waiver Benefit.

HDFC Click 2 protect life is a comprehensive plan, offering 3 different variants and an unlimited life cover.

Unique Features

  • Special premiums for non smokers.
  • Premium waivered for critical illness.
  • Avail Survival benefits.

Kotak e-Term Plan

Kotak e-Term Plan is a Pure Protection Plan. It offers special premium rates to non-tobacco users and women and has multiple plan options with additional riders.

Unique Features

  • Multiple plan options available
  • Three payout options available
  • Increase or decrease life cover

Term Insurance Companies

Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.

Term Insurance Plans for Senior Citizens: FAQs

1. Are there term plans available for senior citizens in the market?

Yes, Senior Citizens can purchase term plans, if you are above the age of 50 years of age you can avail a term insurance product and ensure that the future of your loved ones remain safe and secure as the nominee receives a lump-sum amount called the death benefit in case of your demise.

2. I am 70 years old, can I avail term insurance for senior citizen?

Yes, it is possible to avail term insurance for senior citizens. Many insurance companies allow individuals over 65 to purchase an insurance policy. You can also buy term insurance even over the age of 70 years.

3. What are the best term insurance plan for senior citizens in India?

There are multiple insurance plans designed specifically for senior citizens. Best Term Insurance plan for senior citizens depends entirely upon the needs and requirements of an individual. Insurance providers like Kotak, HDFC, SBI Life offer multiple effective senior citizen plans that can be analysed.

4. Can I buy term insurance plan for senior citizens for my 75 year old mother?

Yes, you can purchase life insurance for your parents to help cover their final expenses.

5. What is the maximum age for term life insurance for senior citizens?

Usually, the maximum age for term life insurance is 89 years, senior citizens who want to purchase insurance over 80 should consider buying whole life insurance.

What Our Customers Have to Say

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Priya Sharma


December 14, 2022

PolicyX has a smooth service from booking policy to verification. Employees are very patient and have good knowledge and help you throughout the process. Had great experience dealing with them

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December 9, 2022

I had many confusions regarding the term policies . But Policyx has handled it well, m happy that they are my wayfarer in this journey.

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Prerna Kumari


July 11, 2022

Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.

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Priya Sangwan


July 11, 2022

IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.

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Priyanshi Deewan


July 6, 2022

I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

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Rishabh Kumar


July 6, 2022

I bought a term plan with Canara HSBC for the protection of my family and have been satisfied with the benefits received. It is simple and easy to buy their plans.

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Samarth Gaur


July 6, 2022

I am very happy with the term plans offered by the Canara HSBC Life Insurance company. The plans offer comprehensive coverage and I am sure will support my family after my demise.

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Vipul Bhardwaj


June 9, 2022

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of Insurance Web Aggregator.