We have compared the most popular term insurance plans available in India in 2026, focusing on claim settlement ratio (CSR), solvency ratio, premium pricing, and key features.
🔎 How we shortlisted these plans
Plans are selected based on CSR above 97%, good solvency ratio, and online availability. Premiums shown are indicative for a 30-year-old, non-smoker male buying ₹1 Cr cover for 30 years.
| Plan | CSR (2023–24) | Approx Premium/yr | Standout Feature |
|---|---|---|---|
| LIC New Jeevan Amar | 98.8% | ₹18,000–22,000 | Government backing, highest trust |
| HDFC Life Click2Protect Super | 99.2% | ₹13,000–16,000 | Return of premium, flexible payout |
| ICICI Pru iProtect Smart | 97.9% | ₹12,000–15,000 | Terminal illness cover, CI rider |
| Max Life Smart Secure Plus | 99.5% | ₹11,000–14,000 | Highest CSR, waiver of premium |
| Tata AIA Sampoorna Raksha | 99.0% | ₹10,000–13,000 | Competitive pricing, strong brand |
What to prioritise
- CSR above 97% — this is the non-negotiable starting filter
- Online plan — lower premium vs branch or agent-bought
- Cover until 65–70 — do not buy a policy that ends at 60
- Waiver of premium rider — premiums waived on critical illness or disability
All data is approximate and for educational purposes. Verify current premiums and CSR directly with the insurer before purchasing.
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