Chhattisgarh is a state known for its forests, majestic waterfalls, and tribal heritage. The state offers a glimpse into the lush green world that is beautiful but also risky at times. Along with its breathtaking beauty, Chhattisgarh faces a number of challenges annually. These include socio-economic issues such as poverty and inadequate infrastructure, environmental concerns like deforestation and mining impacts.
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Therefore, you must secure your loved ones in such situations so that financial problems do not affect their future. Term Insurance is one of the best ways to financially protect your family, who live in Chhattisgarh, from life’s uncertainties. Let’s understand in detail about term insurance in Chhattisgarh.
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Here are some facts and statistics about Chhattisgarh that you must know to buy term plan:
According to the latest data, Chhattisgarh’s sex ratio is 991 females for every 1000 males, which is higher than the national average of 940. In 2001, the sex ratio in Chhattisgarh was 989 females per 1000 males.
According to statistics by National Health Mission, the life expectancy at birth in Chhattisgarh improved from 62.4 years (2006-10) to 65.2 years (2014-18).
Chhattisgarh's literacy rate has increased to 70.28% according to the latest census. Male literacy is 80.27% and female literacy is 60.24%.
Recent data show that Chhattisgarh’s estimated population was 3.15 Crores. *The last census in Chhattisgarh was held in 2011, and the next one, scheduled for 2021, has been postponed until 2024
Data show that in 2022, about 5830 people died in road accidents in Chhattisgarh.
Recent data suggests that Chhattisgarh's death rate was 7.9 deaths per 1,000 people in 2020, up from 7.3 deaths per 1,000 people the previous year, an increase of 8.22%.
Chhattisgarh is a state state struggles with poverty, poor roads, and healthcare, and is affected by deforestation and pollution from mining. Additionally, violence from ongoing conflicts makes life difficult for many people. Hence, it is important that you financially protect your loved ones and buy the term insurance plan.
You can find the term insurance plans in Chhattisgarh on Policybazaar's website. Compare term plans from 20+ insurers in India using their online comparison tool to choose the plan to protect your family.
Life Insurance Company | Term Insurance Plan | Claim Settled Amount (cr) | Entry Age | Sum Assured | Additional Benefits |
Aditya Birla Sun Life Insurance Company Limited | ABSLI Salaried Term Plan | 458 | 21 to 55 years | Rs. 50 Lakhs to Rs. 5 Crores |
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Aviva Life Insurance Company India Limited | Aviva Signature 3D Term Plan | 98 | 18 to 65 years | Rs. 5 Lakhs to no limit |
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Bajaj Allianz Life Insurance Company Limited | Bajaj Allianz eTouch | 603 | 18 to 55 years | Rs. 50 Lakhs to Rs. 10 Crores |
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Bandhan Life Insurance Company Limited | Bandhan Life iTerm Prime | 86 | 18 to 65 years | Rs. 25 Lakhs to Rs. 20 Crores |
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Bharti Axa Life Insurance Company Limited | Flexi Term Pro | 148 | 18 to 65 years | Rs. 25 Lakhs to no limit |
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Canara HSBC Life Insurance Company Limited | Canara Young Term Plan | 186 | 18 to 45 years | Rs. 25 Lakhs to Rs. 20 Crores |
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Edelweiss Life Insurance Company Limited | Edelweiss Life Zindagi Plus | 59 | 18 to 65 years | Rs. 25 Lakhs - no limit |
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Future Generali India Life Insurance Company Limited | Future Generali India Term Insurance Plan | 33 | 18 to 60 years | Rs. 50 Lakhs to no limit |
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HDFC Life Insurance Company Limited | HDFC Click 2 Protect Super | 1,389 | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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ICICI Prudential Life InsuranceCompany Limited | ICICI iProtect Smart | 1,950 | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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IndiaFirst Life Insurance Company Limited | IndiaFirst Life Elite Term Plan | 160 | 18 to 60 years | Rs. 1 Lakh to Rs. 5 Crore |
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Kotak Mahindra Life Insurance Company Limited | Kotak Life e Term | 321 | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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Life Insurance Corporation of India | LIC New Tech Term Plan | 18,398 | 18 to 65 years | Rs. 50 Lakhs to no limit |
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Axis Max Life Insurance Company Limited | Max Life Smart Secure Plus | 1,242 | 18 to 60 years | Rs. 25 Lakhs to Rs. 1 Crore |
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PNB MetLife India Insurance Company Limited | PNB MetLife Mera Term Plan Plus | 407 | 18 to 50 years | Rs. 50 Lakhs to Rs. 10 Crores |
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Pramerica Life Insurance Company Limited | Pramerica Life Rock Solid Plan | 30 | 18 to 65 years | Rs. 50 Lakhs to no limit |
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SBI Life Insurance Company Limited | SBI eShield Next Plan | 1,676 | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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Shriram Life Insurance Company Limited | Shriram Life Smart Protection Plan | 109 | 18 to 65 years | Rs. 30,000 to Rs. 14 Lakhs |
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Star Union DAI-ICHI Life Insurance Company Limited | SUD Life Protect Shield Plus | 113 | 18 to 60 years | Rs. 1 Crore to 2 Crore |
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Tata AIA Life Insurance Company Limited | Tata AIA SRS Vitality Protect | 776 | 18 to 60 years | Rs. 50 Lakhs to Rs. 2 Crores |
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*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 have a number of options for contacting Policybazaar.
*Note: You can directly contact Policybazaar insurance advisor and get all your queries resolved. However, you must first learn about various term plans and know what is term insurance to buy the right term plan.
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Since a term plan is a safety net for your loved ones living in Chhattisgarh, you should buy term plan or life insurance plan and be relaxed knowing that your family is financially protected. Here are some vital reasons why you should buy term plan in Chhattisgarh:
Recover From Economic Hardship: Chhattisgarh faces significant economic challenges, with a large portion of its population living below the poverty line. Limited job opportunities and inadequate infrastructure, such as poor roads and insufficient public services, make it difficult for families to improve their economic status. These conditions can lead to financial instability and insecurity. Therefore, term insurance can help your family combat these challenges in the case of your unfortunate demise.
Health Issues: The state’s healthcare system is underdeveloped, with many areas lacking access to basic medical facilities and services. This results in higher vulnerability to diseases and inadequate treatment options. The lack of proper healthcare can lead to severe health problems and increased mortality rates, putting additional strain on families already struggling with financial difficulties. If you buy term plan, you can be assured that your family will never face economic hardship for healthcare relief when you’re not around.
Environmental Problems: Deforestation and mining activities in Chhattisgarh have led to significant environmental degradation. The destruction of forests and pollution from mining operations adversely affect the health of local communities and the ecosystem. These environmental issues can result in loss of livelihood for those dependent on natural resources and increase the risk of health problems. Therefore, in the event of the unfortunate demise of the primary breadwinner, term insurance can ensure your family is not affected financially.
Natural Disasters: Chhattisgarh is prone to natural disasters such as floods, droughts, and severe storms. These events can cause widespread damage to homes, agriculture, and infrastructure, leading to loss of livelihood and displacement. The impact of natural disasters can be devastating, especially for families with limited resources to recover and rebuild. Therefore, in case of your unfortunate death due to a natural calamity, term insurance will make sure their lives are not affected financially.
Covering Accidents: The rising number of accidents in the state of Chhattisgarh shows how crucial it is to be ready for the different life uncertainties. Term insurance financially helps the families living in Chhattisgarh if the policyholder dies suddenly in an accident, giving them financial security when things get tough. It also allows the policyholder to avail of benefits (riders) such as Accidental Total and Permanent Disability benefit if he/she suffers from total or permanent disability due to the accident.
*Note: You can use the term insurance calculator to easily estimate your term insurance premiums
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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