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Buy Life Insurance Online Starting From Just ₹700/Month
Compare plans from leading insurers & protect your family's financial future.
What is Life Insurance?
Life insurance is a financial protection plan where an insurance company pays a sum to the policyholder or their chosen beneficiary in exchange for regular premium payments. The company pays the amount either upon the policyholder’s death or at policy maturity, depending on the plan chosen.
Best Life Insurance Companies in India
Choosing a life insurance company isn't just about the lowest premium; it is also about the sum assured, claim settlement ratio, and suitable plans available. Here’s a brief comparison between some of the top insurance companies in India
- Aditya Birla Sun Life Insurance (ABSLI) Assured Savings Plan
- Aditya Birla Sun Life Insurance (ABSLI) Guaranteed Milestone Plan
- Aditya Birla Sun Life Insurance (ABSLI) Nishchit Ayush Plan
- Aditya Birla Sun Life Insurance (ABSLI) Fixed Maturity Plan
- Aditya Birla Sun Life Insurance (ABSLI) Assured Income Plus
Top Recommended Life Insurance Plans in India
Before you choose a plan, understand the key differences between the most commonly recommended life insurance plans.
ICICI Life Insurance
- Provides financial security to your loved ones in case of your unfortunate demise during the policy term.
- Offers affordable premiums, making it accessible to a wider range of individuals.
HDFC Life
- Provides a guaranteed income stream during the policy term, offering financial stability and peace of mind for you and your family.
- Allows you to choose the income payout frequency (monthly, quarterly, half-yearly, or annually) to align with your specific financial needs.
Aditya Birla Life Insurance
- Combines savings and life insurance, allowing you to grow your wealth while providing financial protection for your family.
- Offers flexibility in choosing the premium payment term and sum assured to suit your individual financial needs and goals.
* The Figures represented above are for indicative purposes only and may slightly vary as per different sources. Please confirm the key details from your associated insurer.
How Much Life Insurance Coverage Do You Need?
The right life insurance cover depends on your income, outstanding liabilities, number of dependents, and future goals such as education, marriage, or retirement. A widely used starting guideline is 10-15 times your annual income.
The indicative coverage levels below can help you get a clearer idea.
₹25 Lakh
- Coverage: ₹25 Lakh
- Category: Basic / Entry-level
- Suitable For: Young professionals, singles, or those with low/no major liabilities
- Coverage Benefits Generally Covered: Final expenses, small outstanding loans or education loans, and short-term income support for parents or spouse.
₹50 Lakh
- Coverage: ₹50 Lakh
- Category: Moderate
- Suitable For: Early-career individuals and newly married couples
- Coverage Benefits Generally Covered: Smaller home or car loans and basic family living expenses for a few years.
₹1 Crore
- Coverage: ₹1 Crore
- Category: Standard
- Suitable For: Mid-career professionals with dependents, home loans, or growing financial responsibilities
- Coverage Benefits Generally Covered: Children’s education support and multi-year family expenses.
₹2 Crore & Above
- Coverage: ₹2 Crore & Above
- Category: Comprehensive / High Cover
- Suitable For: Higher-income earners, families with large home loans, multiple children, or significant future goals
- Coverage Benefits Generally Covered: Full income replacement for longer periods, complete liability clearance, and support for education and marriage goals.
Different Types of Life Insurance Plans in India
Explore the different types of life insurance from pure protection to savings and investment-linked plans.
Whole Life Insurance
Whole Life Insurance covers you for life, usually till age 99–100, guaranteeing a payout whenever death occurs.
Endowment Plans
Endowment is life cover plus savings, paying out on death or a lump sum on maturity if you survive the term.
Unit Linked Insurance Plans
A part of the premium is invested in market-linked funds, and the family gets the higher of the sum assured if the policyholder passes away.
Money-Back Plans
Money-back plans pay out portions of the sum assured at regular intervals during the policy, not just at the end.
Child Plans
Policies built for funding a child's education or marriage, with premiums exempted if the parent passes away.
Retirement / Pension Plans
Build a corpus during your working years that pays you regular income after retirement.
Group Life Insurance
Employer-provided cover for a group of people at lower shared premiums, valid only while you're part of that group.
Whether it's a term insurance plan, a ULIP, or a pension plan, we'll help you choose the right one.
Choose Your Plan TodayKey Benefits of Having a Life Insurance Policy
Understand the key benefits of buying a life insurance policy.
Financial Security
Protects your family and loved ones with a payout to cover daily expenses, loans, and support future goals.
Tax Benefits
You can avail tax benefits on premiums paid as per Section 80C, and the payout is also usually tax-free under Section 10.
Debt and Liability Cover
The payout helps in settling debts like home loans, car loans, personal loans, or other major liabilities.
Riders for Extra Protection
Add-on riders like critical illness cover and accidental death benefit can provide extra protection beyond your base plan.
Long-Term Saving
Plans like endowment or ULIPs help build consistent savings while offering life cover alongside.
Emotional Security
Knowing your family is financially protected helps you feel emotionally secure and focus on other important life decisions.
What is Covered and Not Covered in a Life Insurance Policy?
Before you buy any life insurance policy, it is important to know the key inclusions and exclusions associated with it.
Natural Death
Natural death due to any illness, medical condition, or natural disaster.
Accidental Death
Accidental death (Everyday accidents or Household incidents)
Death Due to Critical Illness
Death due to critical illness (including HIV/AIDS, if disclosed and accepted)
Terminal Illness Benefit
Terminal illness benefit (built-in or with rider in many plans)
Permanent Disability
Permanent disability (with rider)
Worldwide Death Cover
Death anywhere in the world (subject to policy terms)
Suicide Within First 12 Months
Death by suicide within the first 12 months of the policy or revival - nominee gets at least 80% of the premiums paid (not the full sum assured)
Undisclosed Hazardous Activities
Death during undisclosed hazardous activities (e.g. extreme sports)
Non-Disclosure or False Information
Death due to non-disclosure of pre-existing illness or material false information at the time of buying
Drug or Alcohol Abuse
Death caused by drug or alcohol abuse
War or Restricted Events
Death from war, civil unrest, or nuclear/biological/chemical events (unless specifically included)
Lapsed Policy
Claims on a lapsed policy that was not revived in time
Most Commonly Used Life Insurance Riders and Add-ons
Support your base policy with these key riders & add-ons giving you protection against specific situations.
Critical Illness Rider
Pays a lump sum if you're diagnosed with a critical illness or disease like cancer or a heart attack.
Accidental Death Benefit Rider
Adds an extra payout on top of the sum assured if death happens due to any accident.
Waiver of Premium Rider
Waives future premiums if disability or illness stops you from paying premiums, keeping your policy active.
Accidental Disability Rider
Gives payout if an accident leaves you permanently or partially disabled and unable to earn.
Terminal Illness Rider
Releases part of the sum assured early at the time of urgent fund requirement for terminal illness diagnosis.
Income Benefit Rider
Pays your family a regular monthly income after a claim, instead of one lump sum payment.
How to choose the right Life Insurance Plan?
Everyone has different requirements, and every life insurance plan offers something different, here is how to choose the right plan.
Identify Your Needs
Are you buying for pure protection, tax savings, or long-term investment? Get clear on your goal before comparing plans.
Calculate the Right Cover Amount
Aim for 10-15x of your annual income, after considering outstanding loans and future family expenses.
Pick a Sufficient Policy Term
Choose a term that covers you until major responsibilities, like loans or your kids' education.
Compare Claim Settlement Ratios
A higher CSR means your family is more likely to get the claim without unnecessary delays.
Compare Premiums Across Insurers
Don't settle for the first quote; compare the life insurance premium across several insurers.
Disclose All Information Honestly
Disclose all health conditions or habits before buying the policy to avoid claim rejection.
Eligibility Criteria for Buying Life Insurance
From age and income to health disclosures, understand the basic eligibility requirements to buy the policy.
-
Age
- Minimum age to buy a policy (self and spouse): 18 years.
- Maximum age to buy the policy: 60-65 years (Varies by insurer and plan type).
- Maximum Maturity age (the age till the policy term ends or the benefit is paid out): 75-85 years or 100 years for whole-life plans.
-
Income
- Minimum annual income: Generally ₹2.5–5 lakh (higher for larger cover).
- Income Proof: Salary slips, ITR, or Form 16 may be required for high-value policies.
-
Nationality
- All Indian residents can apply.
- NRIs can also buy, subject to additional documentation and insurer-specific terms.
-
Health Declaration
- Pre-existing conditions are usually accepted with higher premiums or specific exclusions.
- Full medical disclosure is mandatory.
Essential Documents Required to Buy a Life Insurance Policy
Get these important documents ready before you purchase your life insurance plan.
- Identity Proof: Any identity proof document such as Aadhaar card, PAN card, passport, or voter ID.
- Address Proof: Aadhaar, utility bills, passport, or rent agreement showing your current residential address.
- Age Proof: Birth certificate, PAN card, or passport to verify your date of birth.
- Income Proof: Salary slips, Form 16, ITR, or bank statements to confirm your income for cover eligibility.
- Photograph: A recent passport-size photograph, generally required for the application form purposes.
- Medical Reports: Results of any medical checkup required and completed before the policy purchase.
Compare plans, choose what fits, and get covered all in one place.
How to Buy Life Insurance Online from InvestKraft?
Once you've chosen a plan, buying it online with us takes just a few simple steps.
Compare & Choose the Right Plan
Compare top life insurance plans & select the most suitable plan for you.
Fill in Your Details
Enter basic information (name, date of birth etc) and choose your desired sum assured and policy term.
Complete Health & Lifestyle Declaration
Disclose any major facts about your medical history, habits, and lifestyle.
Medical Check-up & Payment
Depending on the plan, get the required medical test done and pay the premium securely online.
Get Your Policy
After approval, your policy document is issued digitally and the life cover starts as per the policy terms.
How to file your Life Insurance claim?
Follow these steps to ensure a smooth and timely settlement of your Life Insurance claim.
Notify the Insurer
Inform the insurance company about the death as soon as possible.
Complete the Claim Form
Fill out the insurer's death claim form, available on their website or at their office.
Attach the Documents
Submit the policy document, death certificate, and ID proof of the nominee.
Wait for Insurer Review
Let the insurer examine all submitted documents and coordinate with any additional documents requested.
Get the Claim Approved
Once verified, the insurer approves the claim and informs the nominee.
Receive the Payout
The approved amount is transferred directly to the nominee's registered bank account.
Contact Insurer Before Maturity
Contact the insurer as your policy term is near maturity.
Submit the Required Form
Complete the insurer's maturity discharge form, available on their website or at their office.
Provide Documents
Share the original policy document, such as ID proof, bank details, and other requested documents.
Wait for Verification
The insurer checks all submitted documents and may request additional information.
Confirm the Approval
Once verified, the insurer approves the maturity claim and informs the policyholder.
Get the Amount Credited
The approved maturity amount is transferred directly to the policyholder's registered bank account.
Important Documents Required for Life Insurance Claim
Keep these documents ready to file your life insurance claim without any delays.
- Claim / Discharge Form: Duly filled and signed by the nominee (death claim) or policyholder (maturity claim).
- Policy Document: Original policy document given at the time of purchase.
- Death Certificate: Original or certified copy issued by the Municipal Corporation or competent authority (death claim only).
- Nominee's / Policyholder's KYC: Aadhaar, PAN, passport, or voter ID Card.
- Nominee's Photo: A recent passport-size photograph (death claim only).
- Bank Details: Cancelled cheque or passbook copy for the payout transfer.
- NEFT Mandate Form: Bank-authenticated form for direct electronic credit (maturity claim only).
- For Death: Natural / Medical Death (Hospital records, doctor's certificate, and treatment papers); Accidental Death (FIR, post-mortem report, police final report)
Want to get your family financially protected?
Compare plans from leading insurers and find the right cover for all your needs.
Talk to our ExpertWhy choose InvestKraft for Life Insurance?
Here is why customers trust InvestKraft for their life insurance policy decisions.
- ✓ Top-Rated Insurers: Instead of visiting multiple websites or agents, you can compare plans from leading insurers on a single platform.
- ✓ Free Expert Advice: Get professional guidance from our team to choose a plan that actually fits your needs and budget.
- ✓ 100% Claim Assistance: We coordinate you through every step, including policy purchase and claim settlement.
- ✓ Tax Savings Guidance: Understand exactly how your premiums and payouts qualify for tax benefits under current regulations.
- ✓ Zero Hidden Charges: Transparent comparisons with no hidden fees or surprise costs added during the buying process.
- ✓ Complete Digital Process: Compare, choose, and buy your policy digitally, without paperwork delays or branch visits.
See What Our Customers Say About Us!
Satyawan Rathi
me and my wife decided to get term life insurance after thinking seriously about out family future and I found Investkraft very helpful policies were simple and easy to understand I feel happy knowing we have taken a step toward securing our financial future together
Rakesh Kumar
Great experience buying health insurance for my parents. I didn't have time to visit multiple bank websites. InvestKraft showed me comparisons from top insurers on one screen. The support guy didn't force me to buy the most expensive plan, which I really appreciate. Got the policy document on WhatsApp instantly.
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Investkraft from comparing different insurance options to completing the policy process, everything was handled so professionally. The team was very helpful with the procedure. I feel confident having my car insurance managed through Investkraft. Great service and support.
Dhiral Infosage
InvestKraft made buying health insurance so effortless. Their team patiently helped me compare different plans and choose the best policy that fits my family's needs and budget. Excellent customer support and a very smooth experience.
Himanshi Sharma
I wanted health insurance for my parents but I was confused with so many plans and Investkraft helped me compare options in simple words and finally got the plan acc to my budget. Happy with the support
Neeraj navariya
The insurance process took longer than expected and I had to follow up multiple times. The team was supportive, but the process was a bit slow.
Frequently Asked Questions (FAQs)
Disclaimer: This page is for general informational purposes only and does not constitute any investment advice. The key details about life insurance coverage, premiums, benefits, exclusions, and claims vary by insurer and policy, so please read the full policy document before purchasing. InvestKraft helps you compare and gather information regarding different plans, but does not guarantee claim approval or settlement, as these are subject to the terms and conditions of the respective insurance policy and insurer.
