Best Life Insurance Companies With Policies

life insurance companies

Nowadays, life has become so fast-paced that many Life Insurance Companies are introducing more and more online Insurance plans. Now most of the life insurance companies in India sell insurance plans online. Following are four of the best life Insurance companies that sell tem plans online.

Bajaj Alliance life Insurance

Bajaj Fiserv and Allianz SE teamed up to establish Bajaj Allianz Life Insurance in the year 2001. There are generally two types of Term Plans available in the market- Annual Renewable term plan and level Premium Term Plan. Bajaj Allianz life Insurance company offers mainly level Premium term Insurance Plans.

Bajaj Allianz iSecure Online Term Plan

This traditional term plan is offered by Bajaj Allianz Life Insurance. To be eligible for this plan you need to be aged between 18 years and 60 years. Following are the features and benefits of this Bajaj Allianz Life Insurance plan.

  • Comprehensive life coverage at low premium rates. Discounted premium rates for non-smokers and on high sum assured.
  • Minimum and maximum maturity ages are 28 years and 70 years respectively.
  • Minimum Sum assured is Rs. 250,000/-
  • The nominee can ask for the Death benefit to be paid in monthly instalments.
  • You are allowed to change your premium paying frequencies any time you want.
  • You can include your spouse in your existing policy any time you want.
  • Income Tax Benefits are available under this term insurance plan.
  • You can Buy this plan online.

Bharti AXA Life Insurance

With a huge customer base and 91.26% claim Settlement ratio, Bharti AXA Life Insurance is one of the top Insurance Providers in India. The Company Offers different life Insurance Plans based on the various needs of the customers. Bharti AXA Life Insurance offers six online Products among which two are term Insurance plans and one child insurance plan.

Bharti AXA Life eProtect

This is an online term plan offered by Bharti AXA Life Insurance. It offers complete life coverage at an affordable price. Following are the important features and benefits of the plan:

  • The minimum sum assured of the plan is Rs.2,500,000/-
  • If you have applied for a higher sum assured or if you are a non-smoker, you are eligible to get discounts on premium rates.
  • The plan offers a unique “Family Care Benefit” which guarantees the payout of Rs.100000/- within 48 hours of the Life Insured event.
  • You can choose to pay your premiums annually or semi-annually.
  • Two add-ons namely “Accidental Death Benefit Rider” and “Hospi Cash rider” are available to enhance your protection.
  • Tax Benefits are available under all term plans offered by Bharti AXA Life Insurance.

Max Life Insurance

The Company Max New york Life Insurance is now known as Max Life Insurance. New York Life term Insurance plans are the most popular products sold by the company. Here is a brief overview of the online Term plans offered by the company.

Basic Life Cover

It is a New York Life Insurance Term Plan that offers comprehensive life coverage at a nominal cost. You need to be aged between 18 years and 60 years to be eligible for the plan. Following are the key features and benefits of the plan:

  • You can buy this policy online
  • It gives a 30 days free look period
  • It provides life coverage till the age of 60 years
  • Discounted premium rates on high sum assured and for non-smokers.
  • You can add Max Life Comprehensive Accident Benefit Rider and/or Max Life Waiver Pf Premium Plus rider to enhance your protection
  • Guaranteed sum assured will be paid to your nominee in case of your death within the policy term.
  • The minimum sum assured is 25 lakhs and the maximum sum assured is 100 Crores

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Tata AIA Life Insurance

Tata AIA Life Insurance which was formerly known as Tata AIG life insurance was established in the year 2001. The current claim settlement ratio of the company is 96.80%. The popularity of Tata AIG Life Insurance products are quite high in the market.

Tata AIA Life iRaksha TROP

This is an online term plan with a return of premium facility.  You have to be between 18 to 65 years to be eligible for this plan. Following are the features and benefits of this plan:

  • Maximum maturity age of the plan is 70 years.
  • Minimum sum assured is Rs.5,000,000/-
  • Female customers and non-smokers get discounted premium rates.
  • You will get discounted premium rates if you apply for higher sum assured.
  • Income Tax benefits are available under this plan.

The customers can go through all these official websites and can check their plans before buying anyone, also there are lots of insurance comparing websites available in the market, go, check, compare and buy the best one.

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About Aditi Singh 351 Articles
Aditi Singh is an independent content creator and money finance advisor for 5 years. She is recently added with Investment Pedia. Internet users are always welcome to put comments on her contributions.


  1. From last few years, I am using Bajaj Alliance life Insurance and this one is very helpful to me. I recommend to others to use this policy.

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