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.
Read more#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
Let’s understand the 1 Crore Term insurance details and how it works:
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 |
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HDFC Life Click 2 Protect Life | 18-65 years | Whole of Life | 5 years – Whole Life | Min: 50,000 Max : No Limit |
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Max Life Smart Secure Plus | 18-65 years | 85 years | 5 years -67 years | Min: 50,000 Max: No Limit |
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Tata AIA Sampoorna Raksha Supreme | 18-60 years | 100 years | 5 years- 47 years | Min: 1 Lakhs Max: No Limit |
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Bajaj Allianz Smart Protect Goal | 18-65 years | 99 years | 5 to (85 minus entry age) | Min:50 Lakhs Max: As per board approval |
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PNB MetLife Mera Term Plan Plus | 18 -60 years | 99 years | 10 years – 40 years | Min: 25 Lakhs Max: 500 Crores |
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SBI Life e-Shield Next | 18-65 years | 100 years | 5-85 less entry age | Min: 50,000 Max: No Limit |
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Canara HSBC OBC iSelect 360 | 18 – 65 years | 99 years | 5 years -81 years | Min: 25 Lakhs Max: No Limit |
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Kotak e-Term Plan | 18-65 years | 75 years | 5 years – (75-Entry age) | Min: 25 Lakhs Max: No Limit |
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Edelweiss Tokio Total Protect Plus | 18 -65 years | 75 years | 5 years – (100 years –entry age) | Min: 10 Lakhs Max: No Limit |
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Indiafirst Life e-Term Plan | 18-60 years | 70 years | 5-40 years | Min: 10 Lakhs Max: 50 Crores |
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Bharti AXA Flexi Term Pro | 18-65 years | 99 years | 5 years to 99 years | Min: 25 Lakhs Max : No Limit |
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Exide Life Smart Term Edge Comprehensive | 18-60 years | 75 years | 12 years to 30 years | Min: 5 Lakhs Max: No Limit |
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Aditya Birla DigiShield Plan | 18 -65 years | 85 years | 5 years to 55 years | Min: 30 Lakhs Max: No Limit |
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LIC Tech Term | 18-65 years | 80 years | 10 years to 40 years | Min: 18 years Max: No Limit |
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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.”
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
₹1 CRORE
Term Plan Starting @ ₹449/month+
Get an online discount of upto 10%+
Compare 40+ plans from 15 Insurers
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.
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.”
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
Young individuals
If you are a Sole Earner of your Family
If you have multiple dependents
If you have debts/loans
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+All savings provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.