Prices Increasing soon Prices Increasing Soon

5 Crore Term Life Insurance Plans

With the rising inflation rate, it is very important to create a financial cushion for your loved ones.Having financial backup becomes even more important if you are the only breadwinner of your family. A term insurance plan is the best way to ensure a financially secure future for the family. Moreover, if you are the only earning member of your family and have dependents to be taken care of then you should opt for a term insurance plan which provides higher insurance coverage of up to 1 crore or more. 

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~
rating
6.7 Crore
Registered Consumers
51
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:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
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.

What is a 5 Crore Term Insurance?

A term insurance plan not only offers a death benefit to the insured but also ensures financial stability to his/her family in case of any eventuality during the tenure of the policy. The term insurance 5 crore plan is one policy, which guarantees to pay the promised sum assured amount to the beneficiary of the policy in the event of the unfortunate demise of the insured person during the tenure of the policy. A 5-crore term insurance policy works as a protector for the family, takes care of the liabilities of the family, and helps them to fulfill their financial needs.

Secure Your Family Future Today

₹5 CRORE

Term Plan Starting @ ₹1912/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

How Much Life Cover is Enough?

Whether you purchase a 5-crore term insurance policy or not, it is important to keep in mind that the coverage you choose should be ideally 10 times your annual income. A term insurance plan is the simplest and comprehensive type of life insurance product, which offers the option to buy higher coverage at an affordable premium rate. While purchasing term insurance, it is important to go by this thumb rule, and along with this consider the other important factors like your age, health condition, annual income, dependents, etc. By giving equal attention to all these factors and by comparing the plan quotes online you will be able to choose the most lucrative plan as per your requirement and suitability.

Best Term Insurance Plans for 5 Crore

There is a wide range of term insurance plans available in the market, which can be easily customized as per the requirements of the insurance buyers. Every term insurance plan varied from another plan in terms of features, benefits, and premium rates. let’s take a look at the best term insurance plan that offers a sum assured amount up to Rs.5 crore.

Plan Name Entry Age Policy Term Maturity Age
Aegon Life iTerm Plan 18 years/65 years or 50 years 5,15,20-82 years 100 years
Aditya Birla Life Shield Plan 18 years/65 years 10 years-50 years 80 years
Canara HSBC iSelect + 18 years/65 years Life option- 5years*-62 years Life Plus Plan option- 10 years-30 years 80years
Edelweiss Tokio Zindagi + 18 years/65 years, 55 years 10 years, 15 years- 65 years 80 years
Exide Life Smart Term Comprehensive 18 years/60 years 12-30 years NA
Future Generali Flexi Online Term 18 years/55 years 10years-30 years/12 years-30 years Smokers- 65 years
Non Smokers- 75 years
HDFC Life Click 2 Protect Plus 18 years/65 years NA 85 years
ICICI Prudential iProtect Smart Plan 18 years/ 55, 65 years Single Pay- 5-20 years Regular Pay- 5-85 years minus age at entry / whole life- 99 years minus age at entry Limited Pay- 10 years, 15 years- 85 years minus age at entry? Whole life- 99 years minus age at entry. 85 years
India First e-Term plan 18 years/55 years 10 years-40 years 80 years, 60 years, 65 years
Kotak e-Term Plan 18years/65 years 5 years- 50 years or 75 years minus the age at entry 75 years
Max Life Smart Term Plan 18 years/ 44 years or 60 years 10 years- 50 years 85 years or 75 years
PNB Metlife Mera Jeevan Suraksha 18 years/65 years 10 years- 40 years, 30 years (for ROI Option) 80 years
Reliance Digi Term Plan Whole Life Secure- 25 years/ 60 years Other option- 18 years/60 years Whole Life Option- Entire lifetime Other option- 10 years 40 years. Whole life option- 100 years Other option- 80 years
SBI Life eShield 18 years/65 years or 60 years 5 years, 10 years- 80 years, 75 years (minus age at entry) 80 years, 75 years
TATA AIA Maha Raksha Supreme 18 years/ 70 years, 65 years & 45 years Whole Life option- Entire lifetime other option- 10 years- 50 years, 85 years 100 years, 85 years

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

When it comes to a term insurance policy, it also works as an income replacement for the family in case of the demise of the insured person along with the benefit of life cover. Furthermore, if you choose to purchase term insurance of 5 crores then it can work as an asset to take care of future liabilities like repaying for a home loan, supporting for child’s higher education, etc. in your absence.

Why buy Term Insurance early?

Your premium is decided on age at which you buy the policy and remains same, throughout your life

Premiums can increase between 4-8% each year after your Birthday

Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease

See how age affects Term Insurance Premiums
See how age affects Term Insurance Premiums
Premium 411/month
Age 25
Age 50
Buy Today & Save Big
View Plans

Will Rs. 5 Crore Term Insurance Policy is Enough?

Choosing an appropriate plan needs a lot of planning and a better understanding of what the plan has to offer. A term insurance plan offers a scope of items to help accomplish your budgetary objectives assurance against vulnerabilities, taking care of obligations, the child’s educational needs, retirement, and so forth. You must recognize your necessities and choose a plan that can fulfill those requirements to the best. Also, keep in mind the future aspects like rising inflation, loan repayments, etc. while purchasing term insurance of 5 crore, remember that higher coverage will help your family deal with these aspects in the case of any eventuality. Thus, the future estimation of cash must be considered for computation while deciding Rs 10 crore life insurance policy cover.

Each person and family's needs are different. If your dependent is your life partner and has a kid, then, a Rs 5 crore term insurance cover, for the most part, will be adequate. On the other hand, if you wish to cover other members of your family, a bigger sum might be required. You should adopt an achievement-based strategy to purchase the right Rs 5 crore term insurance plan.

FREE
Dedicated Claims Assistance Program
Claims Support
In case of a claim, your family will receive complete assistance & we promise a seamless claims settlement process.
Legal & Emotional Counselling
Legal help in creating death certificate & grief support program for your loved ones
Free Document Pickup
We will help you do all the paperwork, verify it & provide a pick-up facility from your doorstep

Factors Affecting the Cost of 5 Crore Term Life Insurance

Below are factors that can decrease or increase your 5 Crore premium outlay:

  • Policy Term: The higher the tenure of the policy, the higher your total premium amount will be.

  • Premium payment Term: The shorter your payment term, the higher your instant premium outlay will be. So, the outflow of your total premium will be lower than the regular premium payment option in which PPT is equal to PT

  • Your current health conditions: If you have any current disability or health condition, your premium amount would be more than others.

  • Lifestyle habits: If you are a heavy drinker or smoker, your premium for the same money of term coverage would be higher.

Since the premium of the policy increases along with the rising age of the policyholder, it is advised to buy a term insurance plan while being young. Moreover, if the individual is a single earning member of the family and has dependents, they should choose a term insurance plan which provides higher coverage up to Rs. 1crore. To determine the premium amount for such Rs.1 crore term plans, one can use the term insurance premium calculator available online.

Different types of Plans


Premium By Age

Term insurance articles

Recent Articles
Popular Articles
Long Term Disability Insurance for Income Replacement

08 Dec 2023

Long-term disability insurance for income replacement is a
Read more
Term Insurance for Below Poverty Line (BPL)

07 Dec 2023

In the world of making sure everyone can get important services
Read more
Income Replacement Insurance For Self Employed

07 Dec 2023

Income Replacement Insurance for self-employed is the term
Read more
Edelweiss Tokio Income Replacement Insurance Plan

07 Dec 2023

Edelweiss Tokio Income Replacement Insurance Plan is a
Read more
Income Replacement Insurance for HNIs (High Net-worth Individuals)

07 Dec 2023

An income replacement plan designed for High Net Worth
Read more
Best Term Insurance Companies in India 2023
Buying term insurance is a great way to protect your loved ones financially in the unfortunate event of your
Read more
What Are The Medical Tests Done For Term Insurance
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
Term Insurance for Women in India
Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and
Read more
What Kind Of Deaths Are Not Covered In A Term Insurance Plan
A term insurance plan is the best way to ensure the financial well-being of your family members in case of any
Read more

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