Term Plans
Term Insurance in Karnataka
Karnataka is a southern Indian state with a considerable economy in the country. It is famous for its diverse culture and flourishing IT sector that welcomes people from all parts of the country. While people arrive in Karnataka for job opportunities and excellent educational facilities, the state's fast-paced nature also presents several challenges.
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From population explosion to groundwater depletion, Karnataka’s current situation compels people to take necessary measures and provide a safety net for their loved ones, given the unforeseeable future. Therefore, it is advised that you buy term insurance and protect your loved ones against all the challenges faced in this Indian state. Let’s discuss the importance of term life insurance in Karnataka here.
Need For Term Insurance Based On Statistics Of Karnataka
Here are the numbers that speak about the risk that people of Karnataka are exposed to:
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Every day, an average of 31 people lose their lives and 86 get injured in road accidents in Karnataka.
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Karnataka reported 6,943 heart attack-linked deaths between January and May 2025 alone, averaging 1,388 deaths a month.
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About 87,850 new cancer cases are reported in Karnataka every year, and at any point in time, there are about 2.37 lakh cases in the state.
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Karnataka has 13,606 suicides every year, and a suicide rate of 20.2 per lakh population, higher than the national average of 12.4, according to NCRB 2022 data.
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Life expectancy in Karnataka: 68.5 years overall (66.4 years male, 70.8 years female), per SRS-Based Abridged Life Tables 2009-13, Office of the Registrar General of India
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Term Insurance Quotes in Karnataka
Term insurance plans in Karnataka can be found online on Policybazaar, where you can compare different term plans offered by the insurers in India. Policybazaar has its own comparison engine that lets you easily compare term plans from 20+ insurers. Here is a list of all the term life insurance plans in Karnataka:
|
Name of Company |
Name of Plan |
Entry Age |
Sum Assured |
Features |
Premium (Monthly) |
|
18-65 years |
Starting from ₹50,00,000 |
|
₹831 |
||
|
18-85 years |
Starting from ₹10,000 |
|
₹880 |
||
|
18-65 years |
Starting from ₹5,00,000 |
|
₹794 |
||
|
18-65 years |
Starting from ₹5,00,000 |
|
₹773 |
||
|
18-65 years |
Starting from ₹50,00,000 |
|
₹758 |
||
|
18-85 years |
Starting from ₹50,00,000 |
|
₹691 |
||
|
18-60 years |
Starting from ₹15,00,000 |
|
₹810 |
||
|
18-60 years |
Starting from ₹25,00,000 |
|
₹750 |
||
|
18-65 |
Starting from ₹10,00,000 |
|
₹710 |
||
|
Kotak Life Insurance |
Protect Advantage |
18-65 years |
Starting from ₹50,00,000 |
|
₹754 |
|
18-50 years |
Starting from ₹25,00,000 |
|
₹773 |
||
|
18-65 years |
Starting from ₹25,00,000 |
|
₹824 |
||
|
18–60 years |
Starting from ₹50,00,000 |
|
₹853 |
||
|
18-65 years |
Starting from ₹50,00,000 |
|
₹859 |
||
|
18-65 years |
Starting from ₹25,00,000 |
|
₹926 |
||
|
18-65 years |
Starting from ₹25,00,000 |
|
₹958 |
30 years male, non-smoker, sum assured- ₹1 crore with policy term of 30 years.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or product. The premium rates might change per underwriting norms. For the complete list of registered insurers in India, refer to the IRDAI website (www.irdai.gov.in).
Why Should You Buy Term Insurance In Karnataka?
Karnataka offers great opportunities to people from all parts of the country to establish a future. But at the same time, the state also harbours several challenges that people must be careful of. With such uncertainty, life and term insurance is a must-have safety net for Karnataka. Here are a few more reasons to purchase term insurance in Karnataka:
-
Financial Security Even With Rising Costs: Term insurance is a way to ensure financial security for your family despite the rising costs in Karnataka. When you are gone, your family will not have to suffer from rising costs. In such cases, the death benefit from a term plan can be used to meet important expenses like education, housing and daily needs so that your family is well taken care of even during times of economic challenges.
-
Career Ambiguity in a Changing Job Market: Job ambiguity is rampant in Karnataka due to its varied industries. It is therefore even more important to ensure that your loved ones are well protected. Term insurance can provide financial help to your dependents in the case of your unfortunate demise. This can give them financial security and help them maintain their lifestyle and financial stability.
-
Providing Quality Education and the Future of Children: Karnataka is a centre of good education, drawing families with hopes for their children’s educational growth. Term insurance can secure your children’s future education and help them enough when you’re not there.
-
Managing Healthcare Expenses: Although Karnataka focuses on healthcare, medical emergencies and costs can still strain your budget. Term insurance covers any possible medical expenses. This means your family can handle any health crisis without any financial burden.
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Tax Benefits: Premiums are permitted as a tax deduction under Section 123 (up to ₹1.5 lakh).
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Why Choose Policybazaar for Term Insurance?
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Trusted by 15.8 crore+ registered consumers, with 7.16 crore+ policies sold:
-
Compare 20+ insurers and plans side by side
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Lowest Price Guarantee on eligible plans
-
24x7 Claims Support helpline
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Local Bengaluru office: Diamond District, Gate-2, Tower B, Old Airport Road, Kodihalli, Bengaluru – 560008
-
Unbiased comparisons. No insurer is favoured
You can easily contact our Policybazaar’s Insurance Advisors to get your queries resolved in a few minutes.
How to Buy Term Insurance from Policybazaar
How to Contact Policybazaar to Buy Term Insurance in Karnataka?
You can easily visit the below-mentioned address to contact Policybazaar in Karnataka to buy term plan:
PolicyBazaar Insurance Brokers Private Limited,
Diamond District, Gate-2, Tower B,
3rd Floor, Old Airport Road,
Kodihalli, Bangalore, Karnataka, 560008
You can also call 1800-419-7713 to buy a policy.
Further, you can contact Policybazaar at their Claim Assistance Helpline Number: 1800-258-5881.
You can also log in to the 'My Account' section on their website or use the official page of Policybazaar to receive assistance regarding any doubts or queries.
FAQs
-
Why is term insurance needed in Karnataka?
Ans: The fast-growing cities in Karnataka are at risk of not just financial issues but also road accidents, healthcare costs and income volatility in IT-led job markets. Term insurance is an inexpensive way to protect your loved ones from these eventualities. -
How can I reach customer support for term insurance queries?
Ans: You may contact the Policybazaar insurance advisor to know about the various term plans available. This will help you to clear all your doubts and resolve your queries. -
3. How can I find out the term insurance plans in Karnataka 2026?
Ans: Policybazaar has its own comparison portal where you can compare different term plans from different insurers as per your needs from 20+ insurers. -
4. How to connect with Policybazaar for buying term insurance in Karnataka?
Ans: You can get in touch with Policybazaar at their office in Diamond District, Gate-2, Tower B, 3rd Floor, Old Airport Road, Kodihalli, Bangalore, Karnataka, 560008. Additionally, you can reach them on their Claim Assistance Helpline Number: 1800-258-5881 or their official website.
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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. 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 complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
+On the basis of your profile
+Rs. 410/month 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 30 years of age, rounded off to nearest 10
+Rs. 410/month (Rs.14/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 30 years of age rounded off to nearest 10
+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10
+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10
+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs.582/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 30 years of age.
+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,374/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 30 years of age.
+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.
+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.
+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.
+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.
+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10
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
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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