5 online life insurance policies in India with the lowest premiums

Life insurance premium has now become an integral part in financial planning, to protect your family from unforeseen situations. However, the premium that we need to pay sometimes becomes a burden for us. We look at select online term insurance policies that offer the lowest premiums for a 30 year old for sum assured up to Rs 1 crore. The premium could differ due to various factors and you need to check online for the final rates. The rates we have given are indicative.

Affordable premium from AEGON i-Term

If you want life insurance for a sum assured of Rs 10 lakh then you can consider AEGON i-Term. The premium you have to pay is Rs 1,810 and is quite economical and affordable.

AEGON i-Term is cheaper compared to SBI Life eShield

For sum assured of Rs. 20 lakh you have to pay a premium of Rs 3,101. The premium is lower than SBI Life eShield where you have to pay premium of Rs. 3,500 for the sum assured of the same amount.

AEGON i-Term comes at affordable premium

If you want a higher sum assured than Rs. 20 lakh then you can buy sum assured of Rs. 30 lakh. The premium you have to pay for AEGON i-Term is Rs. 3,978.

Reliance Online Term offers the policy at cheap premium

For a sum assured of Rs 50 lakh, you have to pay low premium if you buy the Reliance Online Term. The premium at Rs 4,029 is much cheaper compared to HDFC Click 2 Protect where you have to pay premium of Rs 5,450.

Pay lower premium for Reliance Online Term

If you want life insurance cover with sum assured of Rs 1 crore then you have to pay a premium of Rs. 7,319 for Reliance Online Term Plan. Whereas, for a sum assured of Rs 1 crore, you have to pay Rs. 9,700 as premium if you buy HDFC Click 2 Protect policy.

Story first published: Friday, August 1, 2014, 12:19 [IST]
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