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 Vijapur from life’s uncertainties. Let’s discuss the importance of term insurance in Gujarat Vijapur in this article.
Need For Term Insurance Based On Statistics Of Gujarat
Here are some facts and statistics about Gujarat that you must know before you proceed to buy term plan:
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According to recent data, Gujarat’s life expectancy at birth is 69.9.
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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%.
*Last census in Gujarat was in 2011, and the next one, scheduled for 2021, has been postponed until 2024
Best Term Life Insurance Quotes in Gujarat Vijapur 2024
Gujarat Vijapur 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 Vijapur 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 Vijapur 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 |
- Terminal Illness benefit
- Waiver of Premium
- Life stage benefit
|
HDFC Life Click 2 Protect Super |
18 to 65 years |
Rs. 50 Lakhs to Rs. 20 Crores |
- Terminal illness Benefit
- Waiver of Premium on Critical Illness and Total and Permanent Disability
- Return of Premium option
|
Max Life Smart Secure Plus |
18 to 60 years |
Rs. 25 Lakhs to Rs. 1 Crore |
- Terminal Illness
- Accelerated Critical Illness Benefit
- Special Exit Value
- Joint Life option
|
TATA AIA SRS Vitality Protect |
18 to 60 years |
Rs. 50 Lakhs to Rs. 2 Crores |
- Early payout on Terminal illness
- Accidental Death
- Accidental Total & Permanent Disability
|
Bajaj Allianz Life eTouch |
18 to 55 years |
Rs. 50 Lakhs to Rs. 10 Crores |
- Terminal Illness
- Waiver of Premium
- Early exit benefit
|
PNB MetLife Mera Term Plan Plus |
18 to 50 years |
Rs. 50 Lakhs to Rs. 10 Crores |
- Life stage benefit
- Terminal Illness
- Accelerated Critical Illness
- 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
- Special Exit Value
- Child Care Benefit
|
Kotak Life e-Term |
18 to 65 years |
Rs. 50 Lakhs to Rs. 10 Crores |
- Smart Exit Benefit
- Wellness Benefit
|
Bandhan Life iTerm Prime |
18 to 65 years |
Rs. 25 Lakhs to Rs. 20 Crores |
- Special Exit Value
- AD Rider
- CI Care Rider
|
Edelweiss Life Zindagi Protect |
18 to 65 years |
Rs. 50 Lakhs to No Limit |
- Flexible Death Benefit Payment Modes
- Tax Benefits
|
ABSLI Salaried Term Plan |
21 to 55 years |
Rs. 50 Lakhs to Rs. 5 Crores |
- Exclusively designed for salaried individuals
- Accelerated Critical Illness
- 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 can you contact Policybazaar to buy term insurance in Gujarat Vijapur?
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.
Why Should You Buy Term Insurance In Gujarat Vijapur?
Every year, Gujarat Vijapur 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 Vijapur. Here are some more reasons why you should buy term insurance in Gujarat Vijapur:
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Cover Against Multiple Risks: Gujarat Vijapur 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.
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Income Replacement: In a state like Gujarat Vijapur, 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.
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Affordability of Term Plans: Term insurance plans usually offer high coverage at low premium rates, thereby, making it accessible to people living in Gujarat Vijapur from diverse socio-economic backgrounds in Gujarat Vijapur.
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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.