Prices Increasing soon Prices Increasing Soon

5 Crore Life Insurance Policy

A 5 Crore life insurance is a financial product that provides a life cover worth Rs. 5 Crore and gives you a chance to grow your wealth over time. With this plan, in case of your unfortunate death within the policy tenure, your family will receive a death benefit of Rs. 5 Crore to take care of their financial obligations. If you outlive the policy term, you will receive the entire amount as a maturity benefit and can use this payout to fulfill your life goals or pay for your child’s higher education or marriage. Let us see the available 5 cr life insurance plans in India. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Best 5 Crore Life Insurance Policy in India 2023

Here is a list of all the 5 cr life insurance plans available in India:

5 cr life insurance  Entry Age Policy Term Maximum Maturity Age
ICICI Prudential iProtect Smart 18 - 65 years - 75 years
Bajaj Allianz eTouch 18 - 45 years 10 - 81 years 99 years
PNB MetLife MAS 18 - 65 years 10 - 40 years -
Kotak e-Term Plan 18 - 65 years 5 - 40 years 75 years
Aditya Birla DigiShield Plan 18 - 65 years 5 - 55 years 85 years

Note: You can use a term life insurance calculator to estimate the premium amount for your life insurance plan.

Benefits of a 5 Crore Life Insurance Policy

Let us take a look at all the ways in which purchasing a 5 cr life insurance can benefit you:

  • Affordable Premium Rates: You can get a 5 cr life insurance at affordable premium rates as low as Rs. 1,857 payable monthly, with life cover till 60 years of age. You can also use the 5 crore life insurance policy premium calculator to estimate the premium amount for the life insurance plan.

  • Easy Online Comparision: Purchasing a 5 cr life insurance online provides you with the benefit of comparing plans from different insurers easily. This way you can compare term plans online on the basis of CSR values, premium rates, and policy terms, before buying the plan that fits your needs.

  • Financial Security: Life insurance plans provide your family with the necessary financial protection in case of your unforeseen death during the policy term. If you suffer an unfortunate death within the policy tenure, your family will be offered Rs. 5 Crore as a death benefit to maintain their existing quality of life. 

  • Wealth Creation: One of the main benefits of a 5 cr life insurance is its wealth creation benefit. Life insurance plans allow you to receive a payout as a maturity or survival benefit at the end of the policy term. You can use this amount to beat inflation or secure your post-retirement life.

  • Add-on Riders: You can customize your life insurance plan to fit your requirements by adding riders to the base plan. There are several rider options available such as Critical Illness Benefit rider, Accidental Death Benefit rider, Accidental Total and Permanent Disability Benefit rider, Waiver of Premium rider, and Terminal Illness rider.

  • Flexibility of Payout: You can select as per the T&Cs of your plan, to receive the life insurance payout in a lump sum amount, income + lump sum amount, and income paid over 5/10 years.

Factors Affecting 5 Crore Life Insurance Premium Rates

There are various factors that affect the 5 crore life insurance premium rates. Some of them are:

  • Age: The premium rates for a 5 crore life insurance policy increase with age, therefore it is advised to purchase the plan as early as possible. 

  • Policy Term: The policy term also affects the 5 crore life insurance premium rates, as the longer the policy term, the higher the premium amount will be.

  • Premium Paying Term: The shorter the premium payment term will be, the larger will be the premium amount. 

  • Pre-existing Medical Conditions: In case you have any pre-existing medical conditions your premium rates will be higher than someone with no health issues.

  • Lifestyle Habits: The premium rates will be higher if you are a heavy smoker or drinker. There are various life insurance plans that offer special premium rates for non-smokers.

  • Gender: Many life insurance plans offer special premium rates for female customers as women tend to live longer lives than men.

How to Determine The Right Life Cover Amount?

You can take a look at the following factors before determining your appropriate life cover amount.

  • Your Annual Income: As mentioned above, by the general rule of thumb, you should purchase a life insurance plan with a life cover of at least 15 to 20 times your annual income.

  • Financial Dependants: You would require a larger life cover if you have family members financially dependent on you. A 5 crore life insurance policy will be suitable for you in case of your unfortunate death, your family members will be able to take care of their life-long goals, pay for their fees and pay for any medical emergencies.

  • Loans and Liabilities: In case you have any outstanding loans, your family can use the payout from a 5 Cr life insurance to pay off any pending debts or other financial obligations in your absence.

How To Buy 5 Crore Life Insurance Policy From Policybazaar?

Here is how you can secure your family by purchasing a 5 cr life insurance plan:

  • Step 1: Visit the life insurance page

  • Step 2: Enter basic information about your name, date of birth, contact number, and click on ‘View Plans’ 

  • Step 3: Answer questions about your educational background, annual income, occupation type, and smoking habits

  • Step 4: Select the most suitable plan and proceed to pay

Different types of Plans

Premium By Age

Life insurance articles

Recent Articles
Popular Articles
What High Net Worth Individuals (HNIs) Do To Secure Their Family?

09 Aug 2023

High net worth individuals often opt for life insurance plans to
Read more
A Review Of ICICI Prudential Life Insurance

28 Jun 2023

“Policy Bazaar insurance clarified the term policy for me, so
Read more
A Review Of HDFC Life Insurance

27 Jun 2023

“I recently bought an HDFC term plan and it is the best
Read more
Best Life Insurance Policy in India with High Returns

20 Jun 2023

The best life insurance policy in India is a type of life
Read more
Which Insurance is Best in India?

20 Jun 2023

Insurance is a financial product that transfers the risk to a
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s
Read more
PLI Surrender Value Calculator
PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI
Read more
LIC Login: LIC Customer Login Process at Online Portal
LIC Customer Login portal allows the policyholder to easily avail the online facilities at the comfort of their
Read more
SBI Life Insurance Policy Surrender Value Calculator
Are you planning to surrender your SBI life insurance plan? But, are you aware of the amount attached to the
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.