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

Today our living standards have become a costly affair with the price rise and the list of necessities of life has also extended largely with insurance becoming one of the top most priorities. Gone are the days when people had a fear while steeping towards the purchase of any insurance policy. In this expensive world at least you have something which can be bought by any individual belonging to any salary slab.

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

Premium for SA of 1crore



Rs. 7965

Aegon Religare

i-Term (Medical)

Rs. 7978

Bharti AXA


Rs. 7978

Max Life

Online Term Option I

Rs. 7978



Rs. 11461

Edelweiss Tokio


Rs. 12225

SBI Life


Rs. 12237

ICICI Prudential


Rs. 14607


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.