10 Crore Term Insurance Plans

A 10 Cr Term Insurance plan provides the sum assured amount of Rs. 10 Crores as a death benefit, to the nominee appointed under the plan after the policyholder’s death during the policy tenure. This plan is the smart way to build financial savings for your family members. The coverage amount entirely depends on your needs and the type of term plan you select.

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Therefore, investing in a term insurance plan for 10 crores will make sure your family members’ financial requirements will be taken care of even in case of your absence. Also, the monthly premiums are quite low, making the 10 crore term insurance plan a suitable choice among policyholders. 

Best Five Rs. 10 Crore Term Insurance Policies 

The below table illustrates the best term insurance plan for 10 Crore. Look at these plans carefully and choose the one that suits you the best: 

10 Crore Term Insurance Plans  Age at Entry  Age at Maturity Policy Term  Sum Assured (in Lacs)
Bharti AXA Flexi Term Insurance Plan  18 years to 65 years  85 years  Min: 5/10/15/20 years to age: 60 and 75 years  Max: Same as Policy Term  Min: 10 Lakhs  Max: 25 Lakhs 
ICICI Pru iProtect Smart  18 years to 65 years  75 years  5 to 40 years  Min: Subject to minimum premium  Max: No Limit 
Aditya Birla Capital Life Shield Plan  18 years to 65 years  85 years  10 to 55 years  Min: 25 Lakhs  Max: No Limit 
SBI Life e-Shield Plan  18 years to 65 years 100 years  5 years to (100 less entry age) in years  Min: 50 Lakhs  Max: No Limit 
HDFC Life Click 2 Protect Plus Life  18 years to 65 years  85 years  5 years to (85 years less entry age) Min: 25 Lakhs  Max: No Limit 

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

“Tax benefit is subject to changes in tax laws. Standard T&C apply.”

Who Should Opt for a 10 Crore Term Insurance Plan? 

  • A 10 Crore term plan is suitable for individuals who are in their late 20s or early 30s. The reason behind this is that the term plan premium rates are economical for persons who are healthy and young. 

  • These term plans are suitable for those who have a large family with a wife, children, parents, etc. 

  • These policies are also suitable for those who want to build large amounts of saving for their loved ones in case of the breadwinner’s absence. 

  • Suitable for those who have the large financial commitments.

Why Buy a 10 Crore Term Insurance Plan? 

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

  1. 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 10 Cr term plan at premiums as low as Rs. 4300 when you start at an early age. 

  2. Additional Coverage Benefits 

    A 10 crore term insurance plan 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. 

  3. 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. 

  4. More Savings 

    If you buy a term plan for 10 crores, it will provide you with long-term cover at low premium rates. 

  5. Tax Benefits 

    Get tax savings benefits on the 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 the 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  

Five things to know before buying Term Plan Five things to know before buying Term Plan

How to Find a Best 10 Crore Term Insurance Plan? 

There are a number of insurance companies that offer 10 crore term plans 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 plan.

  • Option to increase coverage without purchasing a new term plan 

  • Default coverage for critical ailments such as heart stroke, cancer, etc. 

  • Option to pay the amount of benefit as regular income after filing a claim 

  • Option to offer an increasing regular income after filing the claim 

  • Additional benefits for disability and accidental death

Types of Term Plans


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