Annual Premium Rates-Term Plan

Term life insurance is the original form of life insurance and is considered pure insurance protection because it builds no cash value. Term life insurance provides coverage for a limited period, the relevant term. After that period, the insured can drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis. This is purely risk protection.

Below the comparative chart of premium (without return of premium Option) for a 25-Year-old person for a sum assured of 1000000 for a term of 20 years.

Insurer (Insurance Provider)	Premium	Comments (Riders- Accidental death & Disability, Weaver of Premium, Critical Illness)
Bharti AXA Life Insurance	2620	No Riders
SBI Life Insurance	3186	Available options Level Plan, 5% or 50% increase in Sum Assured every Year at the same preimum. Riders Available
HDFC Standard Life Insurance	3425	Riders Available
ICICI Prudential Life Insurance	3630	Riders Available
Aviva Life Insurance	2690	Riders Available. In Aviva Term Plan you can Increase your cover once by 50% of the sum assured either on Marriage or within the first three months of new born child.
Bajaj Allianz Life Insurance	4438	Riders Available
Birla Sunlife Insurance	3236	Riders Available
Kotak Mahindra OM Life Insurance	2921	Kotak offers a preffered Term Plan for Non smokers and who do not consume alcohol, tobacco etc in any form at a much lower premium than its normal Term plan and that too along with Riders
Life Insurance Corporation (LIC)	2544	Riders not Available
Max New York Life Insurance	2982	Riders Available
MetLife India Insurance	2682	Riders Available
Reliance Life Insurance	2660	Riders Available.
Sahara India Life Insurance	3104	No Riders
Tata AIG Life Insurance	2080	Lowest Premiums but without any riders

Notes: Kotak offers a preferred Term Plan for Non smokers and who do not consume alcohol, tobacco etc in any form at a much lower premium than its normal Term plan and that too along with Riders- Accidental death & Disability, Weaver of Premium, Critical Illness (Premiums shown above are excluding rider’s premium).