Prices Increasing Soon
Turning your dreams into reality, like owning your home and car, sounds fantastic. However, if you're earning Rs 30,000 a month, paying off EMIs can eat into your savings. That's where a good term insurance plan comes in handy. It can give you peace of mind and ensure your family doesn't struggle with debts if something happens to you.
#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
A monthly salary of 30K may provide a comfortable lifestyle, but it's essential to consider the financial responsibilities and uncertainties that come along with it. These could include daily living expenses, loans, EMIs, children's education, and family’s medical needs. In the event of the policyholder’s unforeseen death, these financial obligations can quickly become overwhelming for the family.
Term Plans
Term insurance is a simple and affordable form of life insurance that offers financial protection to the family in case of the life assured’s untimely demise. It provides a substantial death benefit, helping the family manage living expenses, pay off debts, and maintain their standard of living. For a person with a 30K salary, term insurance serves as a safety net, ensuring their loved ones aren't left financially vulnerable during challenging times.
There are several benefits of term life insurance for individuals with a 30K salary:
Financial Protection: Term plans offer financial benefits to the family of the policyholder in the form of death benefits payable on the death of the policyholder during the policy term.
Affordable Premiums: Term insurance policies have lower premiums compared to other types of life insurance. These plans start at just Rs. 473 per month for a 1 Crore life cover and ensure the security of the family's financial future at affordable premiums.
Customizable Coverage: Term insurance plans offer the flexibility to choose suitable premiums, coverage amount, term duration, and other benefits according to your needs and budget.
Optional Riders: With term plans, you get the option of enhancing your base coverage at nominal premiums with the available optional riders. Some of the most common term insurance riders are critical illness, accidental death, terminal illness, and more.
Tax Benefits: Term life insurance can help you save on your premiums under section 80C, while the death benefit will be tax exempted under section 10(10D) of the Income Tax Act.
Peace of Mind: Knowing that your loved ones are financially protected in the event of an unforeseen incident can provide peace of mind and allow you to focus on other aspects of your life.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
While choosing term insurance, it's essential to consider various factors, such as your current income, outstanding loans or debts, children's education expenses, and inflation. As a general rule, experts recommend having coverage of at least 10 to 15 times your annual income. You can also use a human life value calculator to get a more accurate estimation of the ideal life cover for you.
For individuals with a 30K salary, term insurance is a valuable tool to secure their family's financial future. With its affordability and customizable coverage options, term insurance can offer peace of mind and ensure that your loved ones are taken care of financially, even in your absence. Remember to evaluate your financial obligations, assess your family's needs, and choose a suitable coverage amount to make an informed decision on securing their future.
Note: Check all the best term insurance plan in India.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
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 a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/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 38 years of age.
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.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+Rs. 820/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 38 years of age.
+Rs. 1,443/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 38 years of age.
Buying a home is a major milestone, but it also comes with
Read more
Amit was a 38-year-old marketing professional with big dreams
Read more
Are you looking for an affordable way to protect your family's
Read more
Term insurance is a crucial financial safety net for families
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
