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Term Life Insurance in Bangalore 2024

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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Need for Term Insurance based on statistics of Bangalore

Here are some facts and statistics about Bangalore that you must know to buy term plan:

Life Expectancy:

Karnatka is the lowest in south indian state with 69.5 years

Populated Cities:

It is one of the most populated cities in India, with population of over 1.6 Crores

Suicide Cases:

Karnataka has highest number of suicide cases, which is one of the top 5 states in India

Unpredictable Weather:

In Bengaluru city, road accident fatalities have risen to 909 in 2023

Unpredictable Weather:

Bangalore is known to have unpredictable weather all year, which poses health risks

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How can you contact Policybazaar to buy term insurance in Bangalore?

You can easily visit the address mentioned below to contact Policybazaar in Bangalore to buy term plan:

Contact us to Buy Term Plan

PolicyBazaar Insurance Brokers Private Limited, Diamond District, Gate-2, Tower B, 3rd Floor, Old Airport Road, Kodihalli, Karnataka, Bangalore, 560008

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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.

How to Buy Term Life Insurance from Policybazaar?

Best Term Life Insurance Quotes in Bangalore 2024

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:

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

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
Aegon 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
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Why Should You Buy Term Insurance In Bangalore?

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.


  • Q: What is term insurance?

    Term insurance is a type of life insurance that provides coverage for a specific period, offering a lump sum payout if the insured person passes away during the policy term.
  • Q: How does term insurance work?

    You pay regular premiums, and in return, the insurance company provides a death benefit to your beneficiaries if you die within the policy term.
  • Q: Is term insurance tax-deductible?

    Yes, premiums paid for term insurance are eligible for tax deductions under Section 80C of the Income Tax Act.
  • Q: Can I buy term insurance online in Bangalore?

    Yes, you can easily buy term insurance online in Bangalore from Policybazaar.
  • Q: What is Karnataka’s Life Expectancy?

    Karnataka’s life expectancy is 69.5 years, the lowest among all South Indian States.
  • Q: How can I contact customer support to resolve queries about term insurance?

    You can easily contact Policybazaar insurance advisor to clear all doubts, resolve queries, and know about various term plans available.
  • Q: How can I find out the best term insurance plans in Bangalore 2024?

    Policybazaar has its own comparison portal where you can compare different term plans from different insurers as per your needs from 15+ top insurers.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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