These issues hinder its socio-economic development and require repeated efforts for sustainable progress. Hence, it becomes very important for the citizens of Manipur Kakching to buy term plan to ensure the financial security of their loved ones. Let’s understand more about term life insurance in Manipur Kakching and the top term insurance plan you can buy to secure your loved ones.
Need For Term Insurance Based On Statistics Of Manipur
Here are some facts and statistics about Manipur that you must know to buy term insurance plan:
01
sex ratio:
The sex ratio in Manipur is 985 females for every 1000 males, which is above the national average of 940, according to the latest census. In 2001, Manipur's sex ratio was 974 females per 1000 males.
02
life expectancy:
The life expectancy in Manipur is slightly higher for females at 72.8 years compared to males at 68.0 years.
03
literacy rate:
According to the latest census, the literacy rate in Manipur has increased to 76.94%. Male literacy is 83.58%, while female literacy is 70.26%.
04
estimated population:
According to the 2011 Census, Manipur's estimated population is 28.56 lakhs, up from 22.94 lakhs in the 2001 Census.
05
road accidents:
As per recent data, in the year 2022, there were 508 road accidents in Manipur.
06
cancer cases:
Between November 2019 and December 2020, Manipur reported 3702 new cancer cases in males and 4500 in females, with an Age Adjusted Incidence Rate (AAR) of 62.8 and 71.1 per 100,000 population, respectively.
Best Term Life Insurance Quotes in Manipur Kakching 2024
Manipur Kakching faces yearly challenges like poor roads and bridges, regular floods during the monsoon, and limited job opportunities. Moroever, healthcare and education facilities in Manipur Kakching are getting costlier year after year. Hence, people living in Manipur Kakching must buy the best term insurance plans to secure the their families amidst such conditions.
You can find the best term life insurance plans in Manipur Kakching easily online through Policybazaar. With the help of their comparison engine, you can compare plans from over 15 top Indian insurers and buy the best term plan. Here are some of the best plans along with their benefits.
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
- Life stage benefit
- Premium Waiver Benefit
|
HDFC Life Click 2 Protect Super |
18 to 65 years |
Rs. 50 Lakhs to Rs. 20 Crores |
- Terminal illness Benefit
- Return of Premium option
- Waiver of Premium on Critical Illness and Total and Permanent Disability
|
Max Life Smart Secure Plus |
18 to 60 years |
Rs. 25 Lakhs to Rs. 1 Crore |
- Terminal Illness
- Special Exit Value
- Joint Life option
- Accelerated Critical Illness Benefit
|
TATA AIA SRS Vitality Protect |
18 to 60 years |
Rs. 50 Lakhs to Rs. 2 Crores |
- Accidental Death
- Accidental Total & Permanent Disability
- Early payout on Terminal illness
|
Bajaj Allianz Life eTouch |
18 to 55 years |
Rs. 50 Lakhs to Rs. 10 Crores |
- Terminal Illness Benefit
- Premium Waiver Benefit
- Early exit benefit
|
PNB MetLife Mera Term Plan Plus |
18 to 50 years |
Rs. 50 Lakhs to Rs. 10 Crores |
- Life stage benefit
- Accelerated Critical Illness
- Terminal Illness benefit
- 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
- Child Care Benefit
- Special Exit Value
|
Kotak Life e-Term |
18 to 65 years |
Rs. 50 Lakhs to Rs. 10 Crores |
- Smart Exit Benefit
- Wellness Benefit
|
Edelweiss Life Zindagi Protect |
18 to 65 years |
Rs. 50 Lakhs to No Limit |
- Flexible Death Benefit Payment Modes
- Tax Benefits
|
Aegon Life iTerm Prime |
18 to 65 years |
Rs. 25 Lakhs to Rs. 20 Crores |
- Special Exit Value
- AD Rider
- CI Care Rider
|
ABSLI DigiShield Plan |
5 to 55 years |
Rs. 1 Lakh to No Limit |
- 10 Plan Options
- 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 Manipur Kakching?
Moreover, you can log in to the 'My Account' section on the Policybazaar website or directly use Policybazaar’s app to receive assistance if you have any queries.
*Note: You can easily contact Policybazaar insurance advisor to clear all doubts, and know about various term insurance plans available.
Why Should You Buy Term Insurance In Manipur Kakching?
Manipur Kakching’s extreme weather conditions and pollution create an even greater need for life insurance. Here are some more reasons why you should buy term insurance in Manipur Kakching:
-
Poor Infrastructure: Manipur Kakching's roads, bridges, and public utilities are often in bad condition, making travel and communication difficult. If the primary breadwinner dies due to accidents related to poor infrastructure, term insurance will pay a death benefit to protect the family financially.
-
Frequent Natural Disasters: The state experiences heavy rains that cause floods and landslides, leading to property damage and loss of life. If the policyholder unfortunately passes away due to natural disasters, term insurance will provide a death benefit to support the family's financial needs.
-
Limited Healthcare Facilities: Many residents struggle to access quality medical care, making treatable conditions potentially life-threatening. Term insurance, therefore, offers a death benefit to help the family manage financially during such tough times in case the policyholder suddenly dies.
-
High Unemployment Rates: Limited job opportunities force many young people to migrate for work, affecting the state's economic stability. If the breadwinner unfortunately dies and the family loses its main source of income, term insurance will provide a death benefit to help them cope with financial challenges.