Term insurance is already cheap — these plans are the cheapest of all for a healthy buyer, giving maximum cover for the lowest premium.
Our top pick for this is HDFC Life Click 2 Protect Super — Among the cheapest term plans in India paired with a top-tier claim-settlement record — the best all-round value for most healthy buyers wanting straightforward, reliable cover.
| # | Name | Score | Cover up to | Claim Ratio* | Premium*/mo (₹1Cr) | Standout |
|---|---|---|---|---|---|---|
| 1 | HDFC Life Click 2 Protect SuperTop pick | 9.2/10 | Up to ₹20Cr | ~99.5% | ~₹500 | Cheapest + top CSR |
| 5 | Bajaj Allianz Smart Protect Goal | 8.4/10 | Up to ₹10Cr | ~99% | ~₹530 | Flexible + return-of-premium |
| 7 | Kotak e-Term | 8.1/10 | Up to ₹10Cr | ~99% | ~₹510 | Affordable online plan |
Best overall
Among the cheapest term plans in India paired with a top-tier claim-settlement record — the best all-round value for most healthy buyers wanting straightforward, reliable cover.
A flexible, affordable plan with return-of-premium and multiple cover options — a solid value choice with a dependable insurer.
A clean, affordable online term plan from Kotak Life with simple buying and good cover options — a no-frills value pick for digital buyers.
Premiums indicative for a healthy ~30-year-old non-smoker (₹1Cr, 30-year term); claim ratios indicative. Get a personalised quote before buying. Information only, not insurance advice.