1 Crore Term Insurance

1 Crore term insurance is a term insurance plan that offers a sum assured of ₹ 1 Crore, which is paid to the policyholder’s family/nominee as a death benefit in case of unfortunate death of the policyholder during the policy term. This plan with high life cover is the best way to build a financial corpus for your family members. 1 crore term insurance premium rates are pocket-friendly, which makes it the right choice to secure your family's future. 

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

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 1 crore term insurance plans and select the one that works the best for you:

Rs.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
LIC Tech Term 18-65 years 80 years 10 years to 40 years Min: 18 years
Max: No Limit
Apply Now
See More Plans

Note: You can calculate the 1 crore term insurance premium amount from Term Insurance 1 Crore Calculator as per your requirements and life goals and LIC term insurance plan 1 crore premium calculator can also be used to calculate the premiums of LIC Term insurance 1 crore plans.

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

How to Choose a 1 Crore Term Insurance Plan?

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

  • Premium Rate of Term Plan

    The premium rate is an important aspect of any term insurance 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 different insurers' 1 Crore term insurance premiums. You can compare these plans to find a plan 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 minimum claim settlement ratio of 90% because the higher the claim settlement ratio, the higher the chances of receiving claims quickly.

  • Add-ons (Riders)

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

Secure Your Family Future Today


Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

How Does 1 Crore Term Plan Work?

Let’s understand 1 crore life insurance policy with the help of an example:

If Ram purchased a term life insurance plan with a life cover of Rs. 1 crore at 30 years of age. He chose a policy term of 25 years and made his spouse the nominee. After around 5 years, Prashant dies in an unfortunate event. His partner received the full sum assured amount of 1 Crore from the insurer. This payment can help her wife to be financially independent in future.

Why Buy 1 Crore Term Insurance Plan from Policybazaar?

  1. Get High Coverage at a Low Premium

  2. Secure Your Family From Loans, Debts, and Liabilities

  3. Early Investment Helps You Save More

  4. Overall Protection

  5. Whole Life Cover

  6. 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 the best term insurance plan for 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 individuals

  • If you are a Sole Earner of your Family

  • If you have multiple dependents

  • If you have debts/loans

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 is Rs. 428 per month for an 18 years old male. However, the 1 crore term insurance premium also 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.
  • 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 spouses’ children, siblings, and parents
    • Limited income groups but large financial commitments
    • People having liabilities and debts
    • Those who want to ensure their children's financial future 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 sum assured/life 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 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 if you outlive 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 1 crore term insurance premium rates by providing some 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 policy duration, the lower the premium rates.

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