Term life insurance policies are not very attractive to Indians who prefer endowment plans as it allows savings and life insurance coverage at the same time. However, with the abundance of investments options available to Indians today, one should not merely rely on endowment policy for savings. One important point to consider is that life insurance coverages should not be looked at as investment or savings options but protecting your loved ones financially, and which is why term insurance plans are a good bet.

Term insurance policies also come with a good amount of benefits. If you are mainly looking to leave your family with a good coverage, term insurance serves the purpose well with its large death benefits at a smaller premium.

Here is a list of some policies with a sum assured of Rs 1 crore for ages 30, 35 and 40 years and policy terms of 30, 25 and 20 years. These are ranked on the basis of claim settlement rates, which means that the ones with the lowest number of claim rejections are on the top, as it is also an important factor while choosing the insurance policy for the benefit of your family.