5 Best Term Insurance Policies to Consider in 2022

1. 5 Best Term Insurance Policies to Consider in 2022

2. Term Insurance Policy is akin to a life insurance policy with pure risk coverage. This policy offers financial coverage to the insured to the policyholder for a specific period to term. Upon the maturity of the term, the policyholder will receive the assured sum. If a policyholder dies during the term period, then the benefactor or the nominee will receive the death benefit. • The top 5 Term Insurance Policies for the year 2022 • Choosing a term insurance policy for yourself or a family member is certainly not easy. Of that many policies currently available in the policy market, and having compare term insurance plans, we have narrowed down the number to 5 as to which is the best term insurance plan. • ICICI PruiProtect Smart • Number one on our top term insurance plan list is the ICICI PruiProtect Smart. Of all the available term policies, this policy is the only one that gives additional coverage against as many as 34 life-threatening medical conditions, including heart attack and cancer. • The features that make ICICI PruiProtect Smart an appealing term policy are - • Affordable premiums. • Coverage for 34 life-threatening medical conditions. • Coverage for accidental death. • Tax benefits under sections 80C, 80D, and 10(10D) of the Income Tax Act, 1961 on paid premiums upto INR 54,600 • Terminal illness benefits and • A waiver on permanent disability.

3. Max Life Smart Secure Plus Plan • This term insurance plan is best suited for single people with dependent parents and married couples with dependent children or spouses. • The main features of the Max Life Smart Secure Plus Plan include - • A long-term coverage up until the age of 85 years. • Low premium rates for people who do not smoke. • The plan offers a free look period of not more than 15 days. • There is a discount of 5 percent for existing policyholders as a loyalty rebate. • The plan offers four premium payment options: regular premium, limited premium, single premium, and pay till 60 years of age. • HDFC Click 2 Protect Plus • The HDFC Click 2 Protect Plus term insurance plan comes with four different • plan options based on the different death benefits each plan offers. The four plans are - Income Option, Income Plus Option, Life Option, and Extra Life Option. • The main features of the plan include - • You can choose the policy term 5 to 40 years. • Premiums can be paid monthly, quarterly, half-yearly, or annually. • It comes with a life stage protection feature. This feature of the plan increases your coverage with every limestone reached in life like - marriage, childbirth, etc.

4. SBI Life - Smart Shield • If you are looking for an individual term plan that is non-linked and nonparticipating, then SBI Life - Smart Shield is your plan. The plan offers - affordability, flexibility, and security. • The main features of the plan are - • Offer protection and coverage to your family’s financial security against any unforeseen events. • The pure term plan comes with two options - increasing term assurance and level term assurance and • Two rider options for comprehensive coverage. • Conclusion • These were our best 5 term insurance plans to consider for 2022, and upon term insurance review, ICICI PruiProtect Smart is the top term insurance plan. If you are looking to purchase a term plan and would like to have a detailed comparison of each policy, Beshakcan help you pick out the best term plan that suits your needs. THANK YOU