The best term life insurance plans in India
Ranked on claim record and policy wording. We name one winner, and say who it is not for.
Axis Max Life Smart Term Plan Plus is our top term life insurance pick, scoring 4.7/5 across the 5 plans we have reviewed. HDFC Life Click2Protect Supreme Plus is the runner-up at 4.4/5. Axis Max Life has the strongest claim record here at 99.71%, fy 2024–26 (3-year average) from IRDAI disclosures.
Our picks
Axis Max Life Smart Term Plan Plus
Axis Max Life settles 99.71% of claims — the highest here.
HDFC Life Click2Protect Supreme Plus
1 complaint per 10,000 claims, the lowest here.
Each award is computed from the data on this page, not chosen by hand — how we score plans.
All 5 plans, ranked
| # | Plan | Score | CSR | Complaints per 10,000 | From |
|---|---|---|---|---|---|
| 1 | Axis Max Life Smart Term Plan Plus | 4.7 / 5 | 99.71% | 3 | ₹14,640 |
| 2 | HDFC Life Click2Protect Supreme Plus | 4.4 / 5 | 99.66% | 1 | ₹16,761 |
| 3 | ICICI Prudential iProtect Smart Plus | 4.3 / 5 | 99.3% | 8 | ₹13,558 |
| 4 | Bajaj Life eTouch II | 4.2 / 5 | 99.32% | 2.77 | ₹14,482 |
| 5 | Aditya Birla Sun Life Super Term Plan | 4 / 5 | 98.7% | 1.33 | ₹16,343 |
Why each plan is here — and who it is not for
Axis Max Life Smart Term Plan Plus
This is the plan we recommend most often, and the reason is simple: when your family actually needs to claim, this is the insurer most likely to pay without a fight. The 99.71% settlement ratio and near-zero complaint volume are the two numbers that matter, and Axis Max Life leads on both. The six-variant lineup means we can usually fit it to your situation rather than the other way round. It is not the cheapest, but the gap is small enough that we would not trade it away.
Against it: Lower brand recall than HDFC Life or SBI Life, which puts some buyers off
HDFC Life Click2Protect Supreme Plus
If servicing quality is what keeps you up at night, this is the plan. One complaint per 10,000 claims is an extraordinary number and it reflects a claims process that mostly just works. The catch is price — you are paying a real premium over Bajaj or ICICI for that reliability. For a young buyer on a tight budget we would usually point elsewhere; for a family where the payout has to be certain, the extra cost is defensible.
Against it: Consistently the most expensive of the five — roughly 20% above Bajaj at age 30
ICICI Prudential iProtect Smart Plus
A well-priced plan from a large insurer, and the Smart Exit option is genuinely rare. Where it slips is servicing — 8 complaints per 10,000 claims is roughly eight times HDFC Life. That will not matter for most people, but it is the one number we would want you to see before choosing this over the top two. Good pick if price is the deciding factor and you want a household-name insurer.
Against it: 8 complaints per 10,000 claims — the highest of the five by some margin
Bajaj Life eTouch II
If budget is the binding constraint, start here. You get the strongest solvency in the industry, a settlement ratio inside the top five, and a premium that undercuts HDFC Life by roughly 20%. What you give up is feature depth — there is no life stage boost, and the rider menu is short. For a 25-year-old buying a first cover, that trade is usually worth making.
Against it: The thinnest built-in feature set of the five
Aditya Birla Sun Life Super Term Plan
The built-in critical illness cover is the whole argument for this plan, and it is a good one — bundling 42 conditions into the base premium usually beats buying a rider separately. The counterweight is that Aditya Birla Sun Life has the weakest insurer metrics of the five. If you want term and critical illness in a single policy and are comfortable with a 98.70% settlement ratio, this makes sense. If you would rather maximise claim certainty, take Axis Max Life and buy the rider.
Against it: At 98.70%, the lowest settlement ratio of the five
Frequently asked questions
Which is the best term life insurance plan in India?
Of the 5 plans we have reviewed, Axis Max Life Smart Term Plan Plus scores highest at 4.7/5. This is the plan we recommend most often, and the reason is simple: when your family actually needs to claim, this is the insurer most likely to pay without a fight. The 99.71% settlement ratio and near-zero complaint volume are the two numbers that matter, and Axis Max Life leads on both. The six-variant lineup means we can usually fit it to your situation rather than the other way round. It is not the cheapest, but the gap is small enough that we would not trade it away.
Is the highest-scoring plan the right one for me?
Not necessarily. A score ranks plans on the evidence available; it cannot know your health history, your dependants or which exclusion will matter to you. Use it to shortlist, then read the policy wording.
Do you get paid to rank these term life insurance plans?
No insurer can pay for inclusion, for a higher rank, or to have a weakness removed. We earn a standard commission on policies placed through us, disclosed rather than hidden — which is why the scores are computed from published data.
Go deeper
- Axis Max Life Smart Term Plan Plus review
- HDFC Life Click2Protect Supreme Plus review
- ICICI Prudential iProtect Smart Plus review
- Bajaj Life eTouch II review
- Aditya Birla Sun Life Super Term Plan review
All term life insurance companies · All term life insurance plans · How we score
Disclaimer: Figures shown here are compiled from IRDAI annual reports and public grievance disclosures, and from insurer public disclosures and policy wordings. Claim settlement ratios and complaint volumes are three-year averages for FY 2024–26. Premiums are indicative illustrations for the stated profile, not quotes — your actual premium depends on your age, health, city, habits and underwriting. Scores are Myinsurancebro's own assessment. Always read the official policy document and speak to an advisor before buying. Myinsurancebro is an IRDAI-licensed insurance advisor — we do not manufacture or underwrite any insurance product.