34+ Plans | 16+ Insurers | Save upto 50%
  • Rs. 1 Crore
    Term Cover @Rs 16/Day
  • Tax Benefits
    Under Section 80C & 10(D)
  • Extra Benefits
    Accidental, Terminal & Critical Illness
  • 7 Lac+
    Families Secured
*Please note that the quotes shown will be from our partners
*savings provided by insurer

Best Term Insurance Cover of Rs 1 Crore

In today’s day and age, our living standards and expenses have vastly increased with growing income and inflation. Thus, our necessities in life have also increased. In order to maintain a good lifestyle, it is very important to safeguard the financial future of your family, even at your absence. And the best way to do so is to have a term insurance policy. Term Insurance is a type of life insurance policy which can be afforded by everyone.

What is Term Insurance?

Term insurance policies are actually death benefit policies which are designed to offer financial support to your family members if God forbids some unfortunate event happens with you. Even an average salary earner can protect his family with a good sum assured of Rs. 1 crore after his demise.

Who Should Opt for Rs. 1 Crore Term Plan?

Any individual falling in the age group of 30-35 years and having more earning years can opt for Rs. 1 crore-term plan. Moreover, the one who is the only earning member of the family and has dependents should also consider investing in this plan. In order to determine the premium amount of Rs.1 crore term plan, the insurance buyers can make use of term insurance premium calculator

1 Crore Term Life Insurance Plans

There are various insurers who offer term insurance plans with a cover of Rs. 1 crore. Earlier the premiums displayed by various insurers went through a rate war ranging. But after the new regulations passed by IRDA, insurance companies have radically reduced the premium rates for a cover of 1 crore or more. Even the private insurers like ICICI Prudential life, HDFC Standard Life, Birla Sun Life are offering quite lower rates of around Rs.15000. Whereas, LIC offers a rate of around Rs. 25000 to 32000. When comparing various insurers it is necessary to check the underwriting norms as many private insurers ask for lower premiums but with stringent rules.

This Chart Highlights the Premium Rates of Few Insurers in Case of Online Term Plan-


  Policy name

 Claim Settlement Ratio

 Covers Up to  

Premium for SA of 1crore


 i-Life Total


 70 years

Rs. 13, 658 Annually

Aegon Religare

 i-Term Plus


 70 years

Rs. 11, 369 Annually

Bharti AXA

 Flexi Term Plan


 70 years

Rs. 11, 682 Annually

Max Life

 Online Term Plus


 70 years

Rs. 12,272 Annually


 3D Plus Life Option


 70 years

Rs. 14,746 Annually

Edelweiss Tokio

 Zindagi +


 70 years

Rs. 11,080 Annually


 Sampoorna Raksha


 70 years

Rs. 11,564 Annually

ICICI Prudential

 iProtect Smart


 70 years

Rs. 14,780 Annually

There are offline plans as well. The rates may differ depending on the addition of riders etc. This table is designed for 30 years old person with a policy term of 30 years and salary slab of about 5-7 lakhs.

Which is the Right Policy?

Selection of 1 crore term insurance policy might sound tricky and actually is a tough job to do. You need to pay attention to the benefits, inclusions and exclusions mentioned on the policy document. Premium rate is important to be taken care about, but, it is not the only thing to be looked at. Try opting what is good for you and your family’s future. Check on the riders provided under the policy and most importantly the claim settlement ration of various insurers. This is going to smoothen up your work.