Gujarat, the western-Indian state with the longest coastline in the country, is also called the ‘Jewel of the West’. While Gujarat is one of the best states to reside due to its geography and socio-economic condition, it also poses multiple risks that people must protect their families from. Increasing population and traffic, growing healthcare and education costs and poor road condition are some of the challenges faced by people of Gujarat Mahuva over the years.
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These crises bound people to take necessary financial measures and provide a safety net for their loved ones. Therefore, it is very important to buy term insurance and protect your family in Gujarat Mahuva from life’s uncertainties. Let’s discuss the importance of term insurance in Gujarat Mahuva in this article.
Here are some facts and statistics about Gujarat that you must know before you proceed to buy term plan:
According to recent data, Gujarat’s life expectancy at birth is 69.9.
The number of deaths in road accidents in Gujarat increased from 6,281 in 2020-21 to 7,656 in 2022-23, marking a rise of 1,375 or 18%.
The number of suicides in Gujarat increased notably in 2021 compared to the previous year. In 2020, there were 8,050 reported cases, which rose to 8,789 in 2021, marking a 9.1% increase, according to data from the Union government.
*Last census in Gujarat was in 2011, and the next one, scheduled for 2021, has been postponed until 2024
Gujarat Mahuva is a state with notable growth and development, attracting people from across the country in search of job opportunities, education, and better living conditions. However, this influx has caused increases in prices for education, accommodation, healthcare, and basic necessities. Additionally, the state faces severe droughts in the summers and has poor road conditions. Therefore, residents of Gujarat Mahuva should prioritize the future well-being of their families and buy term plan. Term insurance provides financial security to your family in the unfortunate event of your death, ensuring they are not burdened financially.
You can find the best term insurance plans in Gujarat Mahuva easily online at Policybazaar. You can use the comparison tool to compare different plans based on your criteria and needs. With Policybazaar, you can efficiently compare term plans from over 15 top insurers and buy the plan that best suits your requirements.
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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Bandhan Life iTerm Prime | 18 to 65 years | Rs. 25 Lakhs to Rs. 20 Crores |
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Edelweiss Life Zindagi Protect | 18 to 65 years | Rs. 50 Lakhs to No Limit |
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ABSLI Salaried Term Plan | 21 to 55 years | Rs. 50 Lakhs to Rs. 5 Crores |
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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 call Policybazaar and solve all your doubts at their Claim Assistance Helpline Number: 1800-258-5881.
You can also get help with any questions or concerns by logging into the 'My Account' section on their website or using the Policybazaar app.
Every year, Gujarat Mahuva encounters several challenges. For instance, there's been a rise in accident cases, and the increasing costs of healthcare and other essentials have made it tough for residents to manage their expenses. These unpredictable situations make term and life insurance a safety net in Gujarat Mahuva. Here are some more reasons why you should buy term insurance in Gujarat Mahuva:
Cover Against Multiple Risks: Gujarat Mahuva deals with different risks like natural disasters, health crises, and socio-economic issues. Term insurance provides a safety net by giving a death benefit to beneficiaries, easing their financial burdens if the policyholder passes away.
Income Replacement: In a state like Gujarat Mahuva, where prices are soaring high, losing the prime breadearner of the family can cause serious financial stress to a family. Term insurance steps in to replace the lost income, helping the family keep up their lifestyle and cover expenses.
Affordability of Term Plans: Term insurance plans usually offer high coverage at low premium rates, thereby, making it accessible to people living in Gujarat Mahuva from diverse socio-economic backgrounds in Gujarat Mahuva.
Peace of Mind: Knowing that your loved ones are financially secured in the event of your untimely demise will provide you with peace of mind. Moreover, it also allows you to focus on other aspects of their lives without stressing about the financial protection of you family members.
†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.