Term Life Insurance in Assam 2024

From cross-border influx to frequent flood, to earthquakes, Assam has faced multiple challenges over the years. These crises force people to take necessary measures and provide a safety net for their families and loved ones. Therefore, it is suggested that you buy term insurance to protect your family living in Assam. Let’s discuss the importance of term life insurance in Assam here. 

Need For Term Insurance Based On Statistics Of Assam

Here are some facts and statistics about Assam that you must know before you proceed to buy term plan:

• According to the Economic Survey of India, Assam has the lowest life expectancy at birth in the country, which is 63.9 years, compared to the national average of 67.9 years.

• As per recent data, about 3000 people lost their lives in road accidents across Assam in the year 2022.

• In 2021, Assam police recorded 3,302 suicidal deaths, with 2,391 men and 911 women.

• As per the last census, the current estimated population of Assam is approximately 3.66 Crores.

• As per recent statistics, the literacy rate in Assam (for the year 2022) is 72.19%, with male literacy at 77.85% and female literacy at 66.27%.

• In the year 2022, Assam recorded 34,076 cancer cases, which is the highest among all northeastern states of India.

Term Life Insurance Quotes in Assam 2024

Assam is a severely flood-prone state, i.e. people are largely affected by the sudden floods that happen every year. Moreover, the state is situated in a high seismic zone and therefore, suffers from a number of earthquakes occurring each year. Research has also suspected high content of arsenic found in drinking water in certain places of Assam, thereby causing diseases like cancer. Therefore, people living in Assam must be extra cautious of their families’ future and their well-being, and therefore, buy term plan. Term insurance is the one of the best ways to ensure that in the event of your untimely demise, your family residing in Assam will not suffer financially.

Term insurance plans in Assam can be found online on Policybazaar, where you can easily use the comparison tool to compare different term plans based on your criteria and situation. Policybazaar allows you to compare term plans from 20+ insurers. Here is a list of all the term plans in Assam:

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day⁺

VIEW PLAN

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

VIEW PLAN

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

VIEW PLAN

*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

How can you contact Policybazaar to buy term insurance in Assam?

You can contact Policybazaar at their Claim Assistance Helpline Number: 1800-258-5881.

Additionally, you can simply log in to the 'My Account' section on their official website or use the Policybazaar app to receive assistance regarding any queries/doubts.

Why Should You Buy Term Insurance In Assam?

Assam is a state blessed with lush greenery and vibrant wildlife. But at the same time, the state also poses a number of risks. For example, the number of accident cases in Assam has increased, floods damaging crops and roads, and the growing cost of healthcare and other commodities have made it rather difficult for people to sustain themselves in the state. These unpredictable situations make term and life insurance a safety net in Assam. Here are some more reasons why you should buy term insurance in Assam:

• Protection Against Multiple Risks: Assam faces various risks, such as natural disasters, health emergencies, and socio-economic challenges. Term insurance offers protection against these risks by providing a death benefit to the nominees/beneficiaries, helping them cope with financial burdens in the event of the unfortunate death of the policyholder.

• Income Replacement: In a state with economic disparities and limited employment opportunities like Assam, the sudden loss of the primary breadwinner can have severe financial consequences for the family. Term insurance ensures that there is a replacement for the lost income, enabling the family to maintain their standard of living and meet their financial obligations.

• Affordability of Term Plans: Term insurance policies generally offer high coverage at affordable premiums, making it accessible to individuals from diverse socio-economic backgrounds in Assam.

• Peace of Mind: Knowing that their loved ones are financially protected in the event of their demise provides policyholders in Assam with peace of mind, allowing them to focus on other aspects of their lives without worrying about the financial security of their family members.

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