10 Crore Term Insurance Plans
The below table illustrates the 10 Crore term insurance plans. Look at these plans carefully and choose the one that suits you:
*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
You can calculate the 10 crore term insurance premium rates using term insurance calculator
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.
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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.
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The 10 Crore term insurance plans are suitable for those who have a large family with a wife, children, parents, etc.
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A 10 Crore life insurance policy is also suitable for those who want to build large amounts of saving for their loved ones in case of the breadwinner’s absence.
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Term insurance 10 Crore plans are suitable for those who have large financial commitments.
Why Buy a 10 Crore Term Insurance Plan?
Here are 5 reasons to buy a 10 crore term insurance plan:
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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. 4300 when you start at an early age.
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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.
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Financial Protection
Buying term insurance for 10 crores 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.
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More Savings
If you buy a 10 Crore life insurance policy, it will provide you with long-term life cover at low premium rates.
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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.
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 form
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 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 finalized a 10 Cr term 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.
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Option to increase coverage without purchasing a new term plan
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Default coverage for critical ailments such as heart stroke, cancer, etc.
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Option to pay the amount of benefit as regular income after filing a claim
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Option to offer an increasing regular income after filing the claim
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Additional benefits for disability and accidental death
Documents Required To Buy 10 Crore Term Insurance
You can buy a term insurance 10 Crore online by submitting the following documents at the time of policy purchase:
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Age and Photo Identity Proof (Voter ID, Driving License, PAN card, Aadhar Card, etc)
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Address Proof (Voter ID, Aadhar Card, etc)
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Income Proof (salary slips, IT return, employer’s certificate, or Form 16)
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Medical Certificate