Prices Increasing soon Prices Increasing Soon

Term Life Insurance in Punjab 2024

Punjab, also known as the Land of Five Rivers, is situated in the western part of India. Known for being an agricultural state, Punjab is also famous for Shri Harmandir Sahib, also called the Golden Temple, which is one of the most renowned and holy Sikh pilgrimages in the world. 

Read more
Get Term Insurance in Punjab starting at
COVID-19 Covered
How Policybazaar in Punjab will help you?
Dedicated claim support for family FREE
Advisors available in your city
Only certified experts will call you on 100% recorded lines
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Get Term Insurance in Punjab starting at
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

However, Punjab also faces several challenges each year, which include fluctuating crop yields affecting farmers, pollution from industries, unemployment, poverty, and issues with drug abuse. Therefore, you must secure your loved ones in such situations so that financial problems do not affect their future. Term Insurance is one of the best ways to financially protect your family, who live in Punjab, from life’s uncertainties. Let’s understand in detail about term insurance in Punjab and the top term plans that you can compare and buy to protect your loved ones. 

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Data from Punjab Highlighting the Importance of Term Insurance

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

01
Sex Ratio:

The sex ratio in Punjab is 895, meaning there are 895 females for every 1000 males. This figure is lower than the national average of 940, according to the latest census. In 2001, the sex ratio in Punjab was 876 females per 1000 males.

02
Life Expectancy:

The life expectancy of Punjab at birth has risen from 69.3 years (2006-10) to 72.7 years (2014-18), surpassing the national average of 69.4 years.

03
Literacy Rate:

The literacy rate in Punjab has been increasing and currently stands at 75.84 percent according to the latest population census. Among males, the literacy rate is 80.44 percent, while among females, it is 70.73 percent.

04
Estimated Population:

According to the 2011 census, Punjab’s estimated population was 3.17 Crores. *The last census in Punjab was held in 2011, and the next one, scheduled for 2021, has been postponed until 2024

05
Road Accidents:

In 2022, Punjab recorded 6,122 road accidents, resulting in 4,688 deaths and 3,372 injuries. The previous year saw 6,097 accidents, causing 4,516 deaths and 3,034 injuries. In Haryana, there were 10,049 road accidents in 2021, with a slight increase to 10,654 in 2022.

06
Cancer Cases:

In Punjab, the number of cancer cases increased from 39,521 in 2021 to 42,288 in 2024, showing a 7% rise, according to data from the Indian Council of Medical Research – National Cancer Registry Programme (ICMR-NCRP).

Gender
Consume Tobacco?
What is you age?
Life Cover required
Cover till age?
term-premium-calulator
Premium starts from
₹473/month+
Check Your Premium
+Price is calculated for salaried, annual income 10 Lacs & education is graduate and above.

Best Term Life Insurance Quotes in Punjab 2024

Known as the ‘Wheat Bowl of India’, Punjab faces many challenges, such as unstable crop yields, which directly impact the livelihoods of its agriculture-based communities. Additionally, the state contends with environmental concerns occuring due to industrial pollution, thereby, causing health risks for its residents. Moreover, unemployment and poverty persist as pressing socio-economic issues. Hence, it is important that you financially protect your loved ones and buy the best term insurance plan.

You can find the top term insurance plans in Punjab online, with the help of Policybazaar's website. Here, you can compare term plans from 15+ top insurers of India. Simply use their online comparison tool to find the best plan to protect your family in Punjab.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

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 to Buy Term Life Insurance from Policybazaar?

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

You have a number of options for contacting Policybazaar. 

Contact us to Buy Term Plan

You can reach out to their Claim Assistance Helpline Number at 1800-258-5881 for any assistance with your claims.

Contact Now
  • For online communication, you can log in to the 'My Account' section on Policybazaar’s official website, where you can access various services and manage your policies conveniently.
  • You can also use Policybazaar’s mobile application, that has a user-friendly interface to help you with your term plan and address any doubts or queries you may have, ensuring prompt assistance right at your fingertips.

*Note: You can directly contact Policybazaar insurance advisor and get all your doubts resolved. However, you must first learn about various term plans and know what is term insurance to buy the right term plan.

advisor abstract
Not sure which Insurance to buy?
Talk to an Advisor right away!

We help to choose best insurance based on your need

Schedule Callback

Why Should You Buy Term Insurance In Punjab?

Since a term plan is a safety net for your loved ones, you should buy term plan or life insurance plan and be relaxed knowing that your family is protected from all uncertainties of life in case of your untimely death. Here are some more reasons why you should buy term plan in Punjab:

  • Financial Security Amid Agricultural Uncertainty: Given the fluctuating nature of crop yields and market prices in Punjab, buying term insurance provides crucial financial protection for your family. In the event of unforeseen circumstances such as the breadwinner’s untimely demise, term insurance ensures that your loved ones are safeguarded against potential financial hardships.

  • Resolving Health Risks in Polluted Environments: Punjab grapples with environmental challenges, including pollution from industries and agricultural activities. This can lead to increased health risks for residents. By purchasing term insurance, you can ensure that your family has access to adequate healthcare and medical assistance, mitigating the impact of environmental factors on their well-being.

  • Addressing Socio-economic Vulnerabilities: Unemployment and poverty are persistent challenges faced by many in Punjab. Term insurance serves as a vital safety net, providing financial support to your family in case of your untimely demise. This ensures that they can maintain their standard of living and meet essential expenses, even during times of economic uncertainty.

  • Planning for Long-term Financial Stability: Term insurance offers peace of mind by providing a reliable financial cushion for your family's future. In a state like Punjab, where uncertainties abound, having term insurance ensures that your family can continue to pursue their goals and aspirations without worrying about financial setbacks, thereby fostering long-term stability and security.

  • Covering Accidents: The rising number of accidents in the state of Punjab shows how crucial it is to be ready for the different life uncertainties. Term insurance financially helps the families living in Punjab if the policyholder dies suddenly in an accident, giving them financial security when things get tough. It also allows the policyholder to avail of benefits (riders) such as Accidental Total and Permanent Disability benefit if he/she suffers from total or permanent disability due to the accident.

*Note: You can use the term insurance calculator to easily estimate your term insurance premiums


FAQ's

  • Q: Why is Term Insurance Important for Families in Punjab?

    Ans: Term insurance is essential for families in Punjab due to the state's annual challenges, including environmental damage, road accidents, and socio-economic disparities. It provides financial security against uncertainties, ensuring your loved ones are protected.
  • Q: How Can I Buy Term Insurance in Punjab?

    Ans: You can buy term insurance in Punjab through Policybazaar's website or app. Additionally, you can contact Policybazaar's Claim Assistance Helpline Number at 1800-258-5881 for assistance with purchasing term insurance or resolving queries.
  • Q: Why Should I Buy Term Insurance in Punjab?

    Ans: Term insurance provides financial protection against environmental risks, healthcare expenses, socio-economic disparities, and future planning. It covers accidents, ensuring your family's financial security in unexpected events.
  • Q: How Can I Contact Policybazaar to Buy Term Insurance in Punjab?

    Ans: You can call Policybazaar's Claim Assistance Helpline Number at 1800-258-5881 or visit their website to explore term insurance options. The Policybazaar app also provides a user-friendly interface for purchasing term insurance and resolving queries.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Term-state-city Articles

  • Recent Article
  • Popular Articles
02 Jul 2024

Term Life Insurance in Daman and Diu 2024

Daman and Diu, a union territory in western India, consists of

Read more
02 Jul 2024

Term Life Insurance in Andhra Pradesh 2024

Andhra Pradesh, a state in the southern coastal region of India

Read more
02 Jul 2024

Term Life Insurance in Sikkim 2024

Sikkim is a Northeastern Indian state bordered by Bhutan, Tibet

Read more
02 Jul 2024

Term Life Insurance in Punjab 2024

Punjab, also known as the Land of Five Rivers, is situated in

Read more
02 Jul 2024

Term Life Insurance in Chhattisgarh 2024

Chhattisgarh is a state known for its forests, majestic

Read more

Term Life Insurance in Odisha 2024

Odisha is an eastern-Indian state known for its rich culture, handicraft industry and several national parks and

Read more

Term Life Insurance in Chhattisgarh 2024

Chhattisgarh is a state known for its forests, majestic waterfalls, and tribal heritage. The state offers a

Read more

Term Life Insurance in Tamil Nadu 2024

Tamil Nadu is southern Indian state known for being India’s second wealthiest state after Maharashtra. It is

Read more

Term Life Insurance in Punjab 2024

Punjab, also known as the Land of Five Rivers, is situated in the western part of India. Known for being an

Read more

Term Life Insurance in Sikkim 2024

Sikkim is a Northeastern Indian state bordered by Bhutan, Tibet and Nepal, and is known for the beautiful

Read more
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL
Need Help? Request Callback