3 best term insurance plans for 2020

1. 3 best term insurance plans for 2020 • A term insurance plan is a must to help your family cope with the financial loss suffered in case of your unfortunate demise. The plan covers the risk of premature death allowing you to create a financial net for your family in your absence. Nowadays, term plans have undergone a revolution in terms of the coverage benefits that they offer. The top term insurance providers have launched some of the best term insurance plans which allow you a comprehensive scope of coverage along with the feature of customization as per your coverageneeds. • So, if you are looking for the best term insurance planfor yourself in 2020, here are the top three plans from the top term insurance providers which you can consider– • HDFC Life Click 2 Protect 3D PlusPlan • One of the best-selling term life insurance plans, the Click 2 Protect 3D Plus Plan allows you different options of choosing your coverage. The salient features of the plan are as follows– • There are nine coverage options offered by the plan covering death, disability, and diseases • The plan allows you to increase your coverage on marriage or on childbirth thereby providing better protection to your family as your responsibilitiesincrease • You can also choose the top-up option wherein the sum assured would increase every year at a specified rate thereby enhancing your protection withage. • ICICI Pru iProtect Smart Plan • This term plan also offers different coverage options so that you can avail of protection against death, disability, and critical illnesses. The salient features of the plan are as follows – • There are four coverage options for Life, Life Plus, Life & Health, and All-in-One. Premiums are waived in case of accidental disablement under all plan options allowing you to enjoy coverage even without paying premiums if you become disabled. • The death benefit can be chosen to be received in four options. You can choose to receive the benefit in a lump sum, in monthly incomes, in increasing monthly incomes, or in a combination of lump sum and monthlyincome. • The premiums of the policy are affordable and can be paid in a flexible manner that suits yourpockets. • Max Life Online Term PlanPlus • This is a comprehensive term insurance plan which allows you flexibility in choosing an enhanced death benefit and also flexible coverage options. The salient features of the plan are as follows– • The death benefit can be chosen from three available options. The first one pays the sum assured on death. The second one pays the sum assured as well as monthly incomes for 10 years. The last option pays the sum assured and increasing monthly incomes for 10 years after the death of theinsured.

2. You can choose to pay the premiums only up to 60 years of age while the coverage would continue uninterrupted for the chosentenure • You can choose the ‘Accelerated Critical Illness Benefit’ which is an optional cover covering 40 critical illnesses. If chosen, 50% of the sum assured is paid in a lump sum on diagnosis of any of the covered criticalillness • The sum assured can be enhanced on marriage and/or childbirth if you choose the Life Stage Event Benefit under theplan • Two optional riders are also available with the plan which helps in increasing the scope of coverage offered by thepolicy. • These are the three best term insurance plans available in the market today. You can choose any of these plans offered by top term insurance providers and enjoy the coverage that the plansoffer. • Your family would also be adequately taken care of in your absence since these plans allow you to choose a considerable sum assured at affordable premiums. So, take your pick and ensure yourself under the best term insuranceplan.