Bangalore, officially Bengaluru, is India's IT capital, known as the “Silicon Valley of India.” With a thriving IT industry, rising cost of living, and a diverse population, term insurance in Bangalore becomes an essential safeguard against uncertainties. In such a fast-paced city, where things can take quick turns, having term insurance gives your loved ones the financial protection they deserve. Professionals, students, and self-employed individuals recognise the need for financial protection, making term insurance a smart choice to ensure their loved ones are shielded from unforeseen circumstances. It's like a safety net for your family, ensuring they are financially secure in your absence.
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Here are some facts and statistics about Bangalore that you must know to buy term plan:
Karnatka is the lowest in south indian state with 69.5 years
Road accident fatalities have risen to 909 in 2023 in Bengaluru city.
Karnataka is one of the top 5 states in India with the highest number of suicide cases.
Bangalore is known to have unpredictable weather all year, which poses health risks.
As Bangalore is the IT hub of India, it is now one of the most populated cities in India, with a population of over 1.6 Crores.
In Bangalore, the literacy rate is about 87.67%. Among them, 91.01% are men, and 84.01% are women.
You can easily visit the address mentioned below to contact Policybazaar in Bangalore to buy term plan:
PolicyBazaar Insurance Brokers Private Limited, Diamond District, Gate-2, Tower B, 3rd Floor, Old Airport Road, Kodihalli, Karnataka, Bangalore, 560008
Further, you can contact Policybazaar through the Claim Assistance Helpline at 1800-258-5881, or log in to the 'My Account' section on the website, or directly use the official Policybazaar app to receive assistance regarding any doubt or query.
As India's IT hub, Bangalore attracts skilled professionals seeking jobs in tech giants and startups. The city also offers a vibrant lifestyle with cafes, shopping centres, and entertainment, which has increased its population in the last decade. This has led to a high demand for housing and basic necessities, increasing the prices of all commodities. Therefore, people living in Bangalore must buy the best term insurance plan to secure the financial future of their families amidst such conditions.
Best term life insurance in Bangalore can be found online on Policybazaar by comparing different term insurance plans offered by different insurers. Policybazaar has its own comparison engine where you can easily compare term plans from 15+ top insurers. Here is a list of all the best term life insurance plans in Bangalore:
Term Plans
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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Aegon 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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Bangalore offers immense opportunities but also harbours several hidden risks. The accident levels have only increased from floods wrecking streets and homes to traffic turning commutes into stressful situations. Rising healthcare costs add another layer of worry, with medical emergencies testing one’s financial stability. These unpredictable uncertainties make term insurance a crucial safety net in Bangalore.
With Bangalore’s extreme weather conditions comes an extreme need for life insurance. Here are some more reasons why you should buy term insurance in Bangalore:
Financial Security During Growing Expenses: As Bangalore witnesses a substantial rise in the cost of living, buying term insurance provides comprehensive financial security for your loved ones. The sum assured can cover necessary expenses, including education, housing, and daily living costs, thereby making sure your family's well-being in case of economic challenges.
Career Risks Amidst Dynamic Job Market: With Bangalore being a hub for diverse industries, career uncertainty has also risen in the dynamic job market. Term insurance, therefore, acts as a shield, offering financial protection for your loved ones/dependents in the case of unforeseen job-related challenges, ensuring that they maintain their lifestyle and financial stability after your untimely demise.
Tech-Centric Lifestyle and Stress Factors: Bangalore is a city known for its tech industry, which often involves high-stress work environments. Term insurance becomes crucial in providing financial support to your family in the event of your untimely demise, thereby, removing stress and enabling them to focus on their well-being during challenging times.
Educational Hub and Future Planning: Bangalore also attracts families with aspirations for their children's academic growth. Term insurance, hence, helps in securing your children's future education by providing the necessary financial security, even if you are not there to support them physically or financially.
Healthcare Costs and Medical Emergencies: Bangalore’s growth brings with it an increased focus on healthcare, but medical emergencies can still pose financial challenges. Term insurance helps cover potential medical expenses, ensuring that your family has the means to handle unforeseen health crises without compromising their financial stability.