1 Crore Term Insurance

1 Crore term insurance offers a sum assured of Rs.1 Crore which is paid to the policyholder’s family/nominee as a death benefit in case of an unfortunate demise of the policyholder during the policy term. This plan is the best way to build a financial corpus for your dear ones. The premium rates for a 1 Cr term insurance plan are pocket-friendly, which makes it the right choice among policy seekers.

Get ₹1 Cr. Life Cover at just ₹449/month*

No medical checkup required

Save more with upto 10% discount

Covers COVID-19

Tax Benefit

Upto Rs. 46800

Life Cover Till Age

99 Years

8 Lakh+

Happy Customers

*Tax benefit is subject to changes in tax laws. *Standard T&C Apply

** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

Get ₹1 Cr. Life Cover at just ₹449/month*

No medical checkup required

Save more with upto 10% discount

Covers COVID-19

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Let’s understand the 1 Crore Term insurance details and how it works:

How to Choose a 1 Crore Term Insurance Plan?

Finding the best term plan for 1 crore is an important task, as there are various insurers offering plans at a competitive rate. However, if you have already decided to buy a 1 Crore term plan to protect your family financially in your absence, here are some of the important parameters that you should consider at the time of buying a suitable 1 Cr term insurance plan.

Premium Rate of Term Plan

The premium rate is an important aspect of any term plan. The prices of the plan may vary from one insurance company to another. You can use an online term insurance premium calculator to determine the 1 Crore term insurance premium of different insurers. You can compare these plans to find a policy that is affordable and suits your requirements.
Claim Settlement Ratio (CSR) of the Insurer

CSR is the ratio of claims settled by the insurance company to the claims registered. It is always advisable to select an insurer that has a high CSR or has a claim settlement ratio of at least 90%.
Add-ons (Riders)

Riders are the additional benefits that can be added to the base plan to enhance its coverage. There are different types of riders available for a 1crore term plan such as waiver of premium, critical illness, permanent or temporary disability, etc.

Best Term Insurance Plan For 1 Crore

Below is the list of the best term insurance plan for 1 crore. Take a look at these plans and select the one that works the best for you:

1 Cr Term Plan	Entry Age	Maturity Age	Policy Term	Sum Assured
ICICI iProtect Smart	18-65 years	75 years	5-20 years	Min: Subject to Minimum Premium Max: No Limit	Apply Now
HDFC Life Click 2 Protect Life	18-65 years	Whole of Life	5 years – Whole Life	Min: 50,000 Max: No Limit	Apply Now
Max Life Smart Secure Plus	18-65 years	85 years	5 years -67 years	Min: 50,000 Max: No Limit	Apply Now
Tata AIA Sampoorna Raksha Supreme	18-60 years	100 years	5 years- 47 years	Min: 1 Lakhs Max: No Limit	Apply Now
Bajaj Allianz Smart Protect Goal	18-65 years	99 years	5 to (85 minus entry age)	Min:50 Lakhs Max: As per board approval	Apply Now
PNB MetLife Mera Term Plan Plus	18 -60 years	99 years	10 years – 40 years	Min: 25 Lakhs Max: 500 Crores	Apply Now
SBI Life e-Shield Next	18-65 years	100 years	5-85 less entry age	Min: 50,000 Max: No Limit	Apply Now
Canara HSBC OBC iSelect 360	18 – 65 years	99 years	5 years -81 years	Min: 25 Lakhs Max: No Limit	Apply Now
Kotak e-Term Plan	18-65 years	75 years	5 years – (75-Entry age)	Min: 25 Lakhs Max: No Limit	Apply Now
Edelweiss Tokio Total Protect Plus	18 -65 years	75 years	5 years – (100 years –entry age)	Min: 10 Lakhs Max: No Limit	Apply Now
Indiafirst Life e-Term Plan	18-60 years	70 years	5-40 years	Min: 10 Lakhs Max: 50 Crores	Apply Now
Bharti AXA Flexi Term Pro	18-65 years	99 years	5 years to 99 years	Min: 25 Lakhs Max: No Limit	Apply Now
Exide Life Smart Term Edge Comprehensive	18-60 years	75 years	12 years to 30 years	Min: 5 Lakhs Max: No Limit	Apply Now
Aditya Birla DigiShield Plan	18 -65 years	85 years	5 years to 55 years	Min: 30 Lakhs Max: No Limit	Apply Now

See More Plans

Note: You can calculate the premium amount from Term Insurance Calculator as per your requirements and life goals.

Disclaimer: “Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.”

Why Buy Term Insurance for 1 Crore from Policybazaar?

Get High Coverage at a Low Premium
Secure Your Family From Loans, Debts, and Liabilities
Early Investment Helps You Save More
Overall Protection
Whole Life Cover
Get Tax Benefits Up To Rs.46,800

*All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C Apply

“Tax benefit is subject to changes in tax laws. Standard T&C apply.”

How To Buy 1 Crore Term Insurance Plan from Policybazaar?

Below mentioned is the step-to-step guide to buy 1 Crore insurance policy from Policybazaar:

Step 1: Go to the 1 Crore Term Insurance Form
Step 2: Fill in the basic details such as name, Date of Birth, and contact number and click on ‘View Plans’
Step 3: Answer the questions about smoking or chewing habits, annual income, occupation type, educational qualification, and language
Step 4: After submitting all the details, a list of all available 1 Crore term insurance plans will be displayed
Step 5: Choose the plan that suits your financial needs and proceed to pay

Who Should Opt for a 1 Crore Term Plan?

Young aged individuals
If you are a Sole Earner of your Family
If you have multiple dependents
If you have debts/loans

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1 Crore Term Insurance Plan – FAQs

What is the premium rate for 1 Crore term insurance?

Ans: The premium rate for a 1 crore term life insurance plan depends on the various basic factors of the insurance seeker such as the age at the time of purchasing the plan, gender, smoking habits, health condition, income, etc. However, the 1 crore term insurance premium rates for 18 years starting from Rs 449 provides coverage for up to 30 years.
What is the eligibility for buying the 1 Crore life insurance plan?

Ans: Term insurance plans can be purchased by anyone over 18 years of age and the upper limit of age for purchasing a term policy for 1 crore falls between 65 to 69 years, depending on the insurer.
Who should buy a 1 Crore term insurance plan?
Ans: 1 crore term plan is suitable for:
- Large families having spouse, children, siblings, parents
- Limited income groups but large financial commitments
- People having liabilities and debts
- Those who want to ensure the financial future of their children in their absence
What are the benefits of buying a 1 Crore term insurance plan?
Ans: The benefits of the 1 Crore term insurance plan are:
- High cover at low premium rates
- Complete protection for your family members
- Tax benefits
- Helps save more money, if opted early
- Secures loans, debts, and liabilities of the family
How to compare the best term insurance plan for 1 Crore?

Ans: To compare the best 1 Crore term plans, you can visit policybazaar.com and compare different plans available in the market. Policybazaar will provide you with premium rates from various insurance companies based on your eligibility.
What happens if you survive the policy term?

Ans: If you have availed to get the premium amount back at the last of the policy term, you will receive a maturity benefit in case of outliving the policy.
How to calculate the premium amount of the 1 Crore term plan?

Ans: You can use the term insurance calculator on Policybazaar’s website to calculate the premium rates for a 1 Crore term plan by providing some of the basic details such as income range, age, and smoking habits.
What is the right age to buy the best term insurance plan for 1 Crore?

Ans: Typically, you can consider purchasing the term plan for 1 Crore at a younger age. This means that the longer the duration of the policy, the lower the premium rates.