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 a 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 of 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 up to 1 crore or more.

Read more
Get ₹1 Cr. Life Cover at just ₹411/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 ₹411/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Further in this article, we have discussed in detail everything you need to know about 5Crore Term Insurance Plan.


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.

The Thumb Rule!

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 of 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 rule of thumb, 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 Genetrali 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 crore 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 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. It is very important that you 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.

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

The Win-Win Situation

Today almost all the life insurance companies in India offer Rs 10 crore life insurance policy online term insurance plans. As a purchaser you can without much of a stretch access an abundance of enlightening articles, number crunchers, contextual analyses, educative recordings, client surveys, and so forth, to find out about the highlights and advantages of different contributions, look at various policies, and settle on educated choices.

At the point when you need the insurance premiums online, you can look over an entire host of quick and secure installment choices like net banking, check cards, Mastercards and that's just the beginning. Since all installments are right away prepared through a safe entryway, you have guaranteed significant serenity. The installment procedures are fast, bother free, and give a moment online receipt. This is particularly perfect for times when you have to rapidly outfit archives for guaranteeing charge exclusions.

When you buy a Rs 10 crore life insurance policy online make sure that the plans offer key advantages, admonition emptor (purchaser be careful). Don't hesitate to contact the insurance agency through it’s on the web/on telephone help stations for any questions. Guarantee that every one of your interests is tended to before you purchase that Rs 10 crore term plan.

Why buy from Policybazaar?
Lowest Price Guaranteed
Get an online discount of up to 10% when you buy online. You will not get a better price anywhere else.
Certified Expert
Policybazaar is regulated by IRDAI and will always act in the policyholder’s interest.
100% calls on Recorded Lines
Every call happens on recorded lines to ensure unbiased advice & No misselling. We believe in transparency & honest selling.
One Click Easy Refund
In case you aren’t happy with your purchase, you can cancel your policy from MyAccount hassle-free at the click of a button.
Wrapping it Up!

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.

Term insurance articles

Recent Articles
Popular Articles
What is a Term to Age Policy?

26 Nov 2021

Popular for its low-risk investment, term insurance is steadily...
Read more
What Happens To the Money I Paid for Term Life Insurance?

26 Nov 2021

Term life insurance provides a protective roof over you and your...
Read more
What Are the Medical Tests Required for Term Insurance?

26 Nov 2021

Term insurance offers a sum assured to the beneficiary of the...
Read more
Waiting Period for Term Life Insurance

26 Nov 2021

Buying a term insurance plan is a hassle-free process. Once you...
Read more
Term Plan with Return of Premium HDFC

26 Nov 2021

Term life insurance is the most common type of life insurance...
Read more
LIC Term Insurance 1 Crore
If you have a LIC term insurance 1 Crore handy, you can cherish all your happy moments as you have made a fine...
Read more
Types of Deaths Covered & Not Covered by Term Life Insurance
Types of Deaths Covered and Not Covered by Term Insurance When it comes to securing the future of your loved ones or...
Read more
10 Questions You Should Ask Before Buying Term Insurance
10 Questions You Should Ask Before Buying Term Insurance There are various doubts faced by customers when it comes...
Read more
Term Insurance for NRI in India
Term insurance offers financial protection to the family of the insured in case of demise. Every bread-earner...
Read more
2 Crore Term Insurance Plan
The pandemic has surely generated a global panic and emphasised the importance of financial planning that would...
Read more
Download the Policybazaar app
to manage all your insurance needs.