How to Choose a Term Insurance Plan in India (2025 Guide)

A term insurance plan is the simplest and most effective way to secure your family’s financial future.

In 2025, several insurers offer plans that differ in premium, riders, and claim settlement ratios. Here’s how to choose the right one:

What to Check

Coverage Amount: Choose at least 15–20× your annual income.
Claim Settlement Ratio: Prefer insurers with a ratio above 97%.
Riders: Consider Critical Illness, Accidental Death, and Waiver of Premium riders.
Compare Online: Evaluate plans from LIC, HDFC Life, ICICI Prudential and others.

> Summary: Term insurance equals peace of mind—low cost, maximum cover.

> Investment Mumbai helps you choose the best policy suited to your needs.

A term insurance plan is the simplest and most effective way to secure your family’s financial future.

In 2025, several insurers offer plans that differ in premium, riders, and claim settlement ratios. Here’s how to choose the right one:

Coverage Amount: Choose at least 15–20× your annual income.
Claim Settlement Ratio: Prefer insurers with a ratio above 97%.
Riders: Consider Critical Illness, Accidental Death, and Waiver of Premium riders.
Compare Online: Evaluate plans from LIC, HDFC Life, ICICI Prudential and others.

> Summary: Term insurance equals peace of mind—low cost, maximum cover.

> Investment Mumbai helps you choose the best policy suited to your needs.