10 Crore Term Insurance Plans

What are the Best 10 Crore Term Insurance Plans?

The below table shows the best 10 Crore term insurance plans available in India. Look at these plans carefully and choose the one that suits you:

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Note: You can use the term insurance calculator to calculate the 10 crore term insurance premium rates.

Why Buy a 10 Crore Term Insurance Plan?

Here are 5 reasons to buy a 10 crore term insurance plan:

• High Cover at Low Premium Rates
  One of the main benefits of buying a 10 Crore term insurance plan is large coverage at low premium rates. You can opt for a plan with 10 crore term insurance premium rates as low as Rs. 1810 when you start at an early age.

• Financial Protection
  Buying a 10 cr term insurance will make sure that the financial needs of your family are taken care of even in your absence. Also, the death benefit can be used to pay off liabilities, and loans, or can use the amount for household expenses.

• Additional Coverage Benefits
  A 10 crore life insurance policy comes with additional coverage advantages such as add-on coverage. For example, you can increase the coverage of plans by availing of a terminal illness rider, waiver of premium rider, and accidental death benefit.

• Premium Payment Flexibility
  Various plans allow you to choose from the most suitable premium payment modes and terms. You can choose to pay the 10 crore term insurance premiums in a single, limited, or regular pay term, on a monthly, quarterly, bi-annually, or annual basis.

• Long Term Cover
  If you buy a 10 Crore term life insurance policy early, you can lock in a large life cover at affordable premiums for a long term. With these plans, you can make sure that your family is financially secure for a longer duration.

• Tax Benefits
  Get tax savings benefits on the 10 Crore term insurance premium up to Rs. 1.5 Lacs which is deductible u/s 80C of the ITA, 1961. Your nominee can also claim term insurance tax benefits on the benefit payout u/s 10(10D) of the ITA, 1961 as per the prevailing tax laws.

How Does a 10 Crore Term Insurance Plan Work?

Let us understand how a 10 crore term insurance plan works with the help of an example:

Suppose Kartik, a 35 year old salaried individual who buys a 10 cr term insurance plan for 30 years. He chooses to pay the premiums in an annual mode for the entire payment term. If Kartik suffers an untimely death during this policy term, the entire sum assured of Rs 10 Crore will be paid to the nominee. This amount can help his family take care of their rent, loans, and child’s future fees.

Who Should Opt for a 10 Crore Term Insurance Plan?

Here is a list of individuals who can opt for a 10 Crore life insurance policy to secure their family’s financial conditions in their absence.

• Young individuals: Term insurance plans are suitable for individuals who are in their late 20s or early 30s. The reason behind this is that the 10 Crore term insurance premium rates are economical for people who are healthy and young.

• People with Dependents: The 10 Crore term insurance plans are suitable for those who have a large family with a wife, children, parents, etc.

• Create a Legacy: A 10 Crore life insurance policy is also suitable for those who want to build large amounts of savings for their loved ones in case of the breadwinner’s absence.

• People with Debts: 10 crore term insurance plans are suitable for those who have large financial commitments like pending loans and debts.

• NRI Customers: NRIs living abroad can protect their loved ones with a large life cover of 10 Crores in the event of their untimely death by buying a term insurance for NRI from Indian insurers.

How To Buy 10 Crore Term Insurance From Policybazaar?

Here is a step-to-step guide for buying a 10 Crore term insurance from Policybazaar:

Step 1: Visit the 10 Crore Term insurance page of Policybazaar

Step 2: Fill in all the required details like name, age, and contact details, and then click on the tab ‘View Plans’

Step 3: Answer few questions related to chewing or smoking habits, occupation type, annual income, language and education.

Step 4: After the submission of all the relevant information, a list of all available 10 crore term plans will be displayed on the screen.

Step 5: Select the plan that suits your financial requirements and then proceed to ‘Buy’ the plan

*Note: You can easily know what is term insurance and then buy term insurance with 10 crore cover.

How to Find the Best 10 Crore Term Insurance Plan?

There are a number of insurance companies that offer 10 Crore life insurance policy at competitive rates. However, if you have already selected a 10 Cr term insurance plan to protect your family members financially in case of your absence, below are some of the important factors that you should look into at the time of purchasing a 10 Crore term insurance plan.

• Premiums: Before choosing the best term insurance, you need to assess and compare the premiums for the available policies and find the one that fits your budget. By making sure that the 10 crore term insurance premiums are affordable today, you can ensure that the premiums are manageable in the future, as well as your responsibilities, might increase.

• Important Add-ons: You can check and add the available term insurance riders to the 10 cr term insurance, to enhance the base cover of the policy. This allows you to get covered against eventualities like terminal illnesses, hospital cash benefits, and more.

• Critical Illness Cover: The critical illness cover offers additional coverage against various major and minor critical illnesses listed under the plan. You can add this rider to the base plan at nominal premiums, and in case of a critical illness diagnosis, the rider sum assured will be paid.

• Life Stage Benefits: With the life stage benefits, you can increase the base sum assured of the 10 cr term insurance policy at different stages of life like marriage, childbirth/adoption, or getting a home loan.

• Death Benefit Instalments: Various insurers offer the option of choosing the death benefit payout modes. You can choose for the death benefits to be paid in instalments, or a lump sum, depending on your family’s needs.

• Accidental Disability/Death: The accidental death or disability riders pay out an additional benefit amount on top of the base sum assured in case of the accidental death or disability of the policyholder during the cover term.

• Death Claim Settlement Ratio: You should always check the claim settlement ratio of various companies, as it shows the ratio of the number of claims registered and settled by the company is the last financial year.

Documents Required To Buy 10 Crore Term Insurance

You can buy a 10 cr term insurance plan online by submitting the following documents at the time of policy purchase:

• Age and Photo Identity Proof (Voter ID, Driving License, PAN card, Aadhar Card, etc)

• Address Proof (Voter ID, Aadhar Card, etc)

• Income Proof (salary slips, IT return, employer’s certificate, or Form 16)

• Medical Certificate

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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