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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 Kathiria to buy a term plan to secure their family's financial future. Let's learn more about term life insurance in Daman And Diu Kathiria and explore the top term insurance plans available to protect your loved ones in this union territory.
Term Plans
Here are some facts and statistics about Daman and Diu that you must know to buy term insurance plan:
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.
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.
The literacy rate in Daman and Diu has shown an upward trend and is now 87.10%.
The current estimated population of Daman and Diu is 3.9 Lakhs.
In Daman and Diu, the road accident fatalities per lakh of population is 51.5% against the national average rate of 32.6%.
The estimated incidence of cancer cases in Daman and Diu in 2018 was 52.
Daman And Diu Kathiria, 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 Kathiria 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 Kathiria 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.
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| Term Insurance Plan | Entry Age | Sum Assured | Additional Benefits |
| ICICI Prudential iProtect Smart | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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| HDFC Life Click 2 Protect Super | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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| Max Life Smart Secure Plus | 18 to 60 years | Rs. 25 Lakhs to Rs. 1 Crore |
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| TATA AIA SRS Vitality Protect | 18 to 60 years | Rs. 50 Lakhs to Rs. 2 Crores |
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| Bajaj Allianz Life eTouch | 18 to 55 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| PNB MetLife Mera Term Plan Plus | 18 to 50 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Canara HSBC Young Term Plan - Life Secure | 18 to 45 years | Rs. 25 Lakhs to Rs. 20 Crores |
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| Kotak Life e-Term | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Edelweiss Life Zindagi Protect | 18 to 65 years | Rs. 50 Lakhs to No Limit |
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| Bandhan Life iTerm Prime | 18 to 65 years | Rs. 25 Lakhs to Rs. 20 Crores |
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| ABSLI DigiShield Plan | 5 to 55 years | Rs. 1 Lakh to No Limit |
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| SBI Life eShield Next | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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You can contact Policybazaar through the Claim Assistance Helpline Number at 1800-258-5881.
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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With Daman And Diu Kathiria’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 Kathiria:
Coastal Erosion and Property Damage: Coastal erosion in Daman And Diu Kathiria 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 Kathiria'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.
˜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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