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Term Life Insurance in Daman and Diu 2024

Daman and Diu, a union territory in western India, consists of two areas separated by the Arabian Sea. The Daman Ganga River flows through the coastal town of Daman, while Diu includes a small island and a mainland village. However, despite its natural beauty, the residents of Daman and Diu face annual challenges such as the threat of coastal erosion, flooding during the monsoon season, and limited infrastructure development, which impact their daily lives and the local economy. 

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Therefore, it is crucial for the citizens of Daman and Diu to buy a term plan to secure their family's financial future. Let's learn more about term life insurance in Daman and Diu and explore the top term insurance plans available to protect your loved ones in this union territory.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Need For Term Insurance Based On Statistics Of Daman and Diu

Here are some facts and statistics about Daman and Diu that you must know to buy term insurance plan:

01
Sex Ratio:

In Daman and Diu, the sex ratio is 618 females for every 1,000 males, which is lower than the national average of 940 according to the latest census.

02
Death Rate:

In 2019, the death rate of Daman and Diu was reported at 4.100 NA, marking a decrease from the previous figure of 4.500 NA in 2018.

03
Literacy Rate:

The literacy rate in Daman and Diu has shown an upward trend and is now 87.10%.

04
Estimated Population:

The current estimated population of Daman and Diu is 3.9 Lakhs.

05
Road Accidents:

In Daman and Diu, the road accident fatalities per lakh of population is 51.5% against the national average rate of 32.6%.

06
Cancer Cases:

The estimated incidence of cancer cases in Daman and Diu in 2018 was 52.

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Best Term Life Insurance Quotes in Daman and Diu 2024

Daman and Diu, though a very beautiful place, face many challenges that occur annually. These issues impact daily life of its citizens and hinder economic growth. This makes it important for residents to take proactive measures for their financial security. Hence, people living in Daman and Diu must buy the best term insurance plans to secure the their families amidst such conditions. 

You can find the best term life insurance plans in Daman and Diu easily online through Policybazaar. With the help of their comparison engine, you can compare plans from over 15 top Indian insurers and buy the best term plan. Here are some of the best plans along with their benefits.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Term Insurance Plan Entry Age Sum Assured Additional Benefits
ICICI Prudential iProtect Smart 18 to 65 years Rs. 50 Lakhs to Rs. 20 Crores
  • Terminal Illness benefit
  • Life stage benefit
  • Premium Waiver Benefit
HDFC Life Click 2 Protect Super 18 to 65 years Rs. 50 Lakhs to Rs. 20 Crores
  • Terminal illness Benefit
  • Return of Premium option
  • Waiver of Premium on Critical Illness and Total and Permanent Disability
Max Life Smart Secure Plus 18 to 60 years Rs. 25 Lakhs to Rs. 1 Crore
  • Terminal Illness
  • Special Exit Value
  • Joint Life option
  • Accelerated Critical Illness Benefit
TATA AIA SRS Vitality Protect 18 to 60 years Rs. 50 Lakhs to Rs. 2 Crores
  • Accidental Death 
  • Accidental Total & Permanent Disability 
  • Early payout on Terminal illness
Bajaj Allianz Life eTouch 18 to 55 years Rs. 50 Lakhs to Rs. 10 Crores
  • Terminal Illness Benefit
  • Premium Waiver Benefit
  • Early exit benefit 
PNB MetLife Mera Term Plan Plus 18 to 50 years Rs. 50 Lakhs to Rs. 10 Crores
  • Life stage benefit
  • Accelerated Critical Illness
  • Terminal Illness benefit
  • Waiver of premiums on ATPD or CI
Canara HSBC Young Term Plan - Life Secure 18 to 45 years Rs. 25 Lakhs to Rs. 20 Crores
  • Block Your Premium
  • Child Care Benefit
  • Special Exit Value
Kotak Life e-Term 18 to 65 years Rs. 50 Lakhs to Rs. 10 Crores
  • Smart Exit Benefit
  • Wellness Benefit
Edelweiss Life Zindagi Protect 18 to 65 years Rs. 50 Lakhs to No Limit
  • Flexible Death Benefit Payment Modes
  • Tax Benefits
Aegon Life iTerm Prime 18 to 65 years Rs. 25 Lakhs to Rs. 20 Crores
  • Special Exit Value
  • AD Rider
  • CI Care Rider
ABSLI DigiShield Plan 5 to 55 years Rs. 1 Lakh to No Limit
  • 10 Plan Options
  • Tax Benefits
SBI Life eShield Next 18 to 65 years Rs. 50 Lakhs to Rs. 10 Crores
  • Terminal Illness
  • Flexible Death Benefit Payment Modes
  • Better Half Benefit
How to Buy Term Life Insurance from Policybazaar?

How can you contact Policybazaar to buy term insurance in Daman and Diu?

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You can contact Policybazaar through the Claim Assistance Helpline Number at 1800-258-5881.

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Moreover, you can log in to the 'My Account' section on the Policybazaar website or directly use Policybazaar’s app to receive assistance if you have any queries.

*Note: You can easily contact Policybazaar insurance advisor to clear all doubts, and know about various term insurance plans available.

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Why Should You Buy Term Insurance In Daman and Diu?

With Daman and Diu’s extreme weather conditions, and pollution, there is an even more need for life insurance. Here are some more reasons why you should buy term insurance in Daman and Diu:

  • Coastal Erosion and Property Damage: Coastal erosion in Daman and Diu leads to frequent property damage and loss of land, necessitating costly repairs and relocations. Term insurance provides financial security by offering a payout after the policyholder’s unfortunate death, which the nominees can use to cover repair costs, ensuring they do not endure financial strain.

  • Frequent Flooding and Financial Losses: Heavy monsoons often cause flooding, damaging homes, infrastructure, and agricultural land. Term insurance acts as a financial buffer by providing a lump sum payment, in case the policyholder is affected by the flood, that helps families cope with the financial losses, thereby, helping in quicker recovery and stability.

  • Limited Infrastructure and Services: The region's underdeveloped infrastructure limits access to essential services such as healthcare and education, affecting the quality of life. Term insurance supports families by providing death benefit that can be used to access better healthcare or educational facilities outside the region, improving their overall well-being.

  • Economic Dependence on Tourism: Daman and Diu's economy heavily relies on tourism, making it vulnerable to seasonal fluctuations and global crises. Term insurance covers these economic risks by making sure that families receive financial assistance in the event of the policyholder's unfortunate death, helping them maintain their standard of living during economic stress.

  • Health Risks and Medical Challenges: Limited medical facilities and high health risks, caused by natural disasters, pose health challenges for residents. Term insurance offers financial relief by covering medical expenses or facilitating travel for better healthcare, ensuring families can manage health-related emergencies effectively.


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

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