Prices Increasing soon Prices Increasing Soon

Term Insurance For Engineers

Minimising and measuring risk is part of an engineer’s daily work, but it is as important for engineers to plan their financial future. For engineers, the right term insurance product simply means you and your loved ones can remain financially protected if you are not there with them. This includes life coverage in case of untimely death, income protection for lost income, and other options like Total and permanent disability. Here we have explained why engineers need term insurance plans, their key features, and benefits. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
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:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
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.

Why do Engineers Need Term Insurance?

Term insurance for engineers covers you and your loved ones against life’s unpredictable events. Based on the type of coverage, if you become ill or die, your family members will get financial protection in the absence of your regular earnings. This is an important protective net for individuals of any occupation, be it engineers whose positions often need site work, regular travelling and use of heavy machinery. All these factors carry large physical risks that can endanger your life.

Term insurance for engineers will provide your family with the financial protection they will need to meet their financial obligations in your absence.

Let us see how much life cover you should have while buying insurance for engineers.

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

How Much Life Cover is Adequate for Term Insurance for Engineers?

You should also make sure to choose a life cover large enough to help your family live a comfortable life in your absence as a small cover might not be sufficient enough to cover their needs in your absence.

The amount of life cover will differ depending on the assets, debts, and family of an engineer and also on their work environment. According to financial experts, ideally, you should opt for a life cover that is at least 20 times your current annual income.

Note: You can use the Term life insurance Premium calculator to compute the exact amount you would need to pay to get the plan with the desired life cover.

Key Features of Term insurance for Engineers

Here is a list of all the key features of term insurance for engineers that you should know:

  • Cost-effective: Term insurance for engineers is generally much more affordable than any other life insurance product since it is a pure risk protection plan. Thus you can get large life cover at low premium rates.

  • Long-term protection: Insurance for engineers can offer protection under the policy for up to 100 years of age. This allows you to lead a stress-free and comfortable life.

  • Low entry age: You can get insurance for engineers at an entry age as low as 18 years.

  • Flexible premium payment modes: Your term insurance for engineer premiums can be paid on a monthly, quarterly, bi-annually, or annual basis.

  • Easy to understand: A term insurance for engineers is an easy-to-understand life insurance product as it is a pure risk protection plan and provides life cover as long as you duly pay your premiums. In case of your untimely death during this tenure, your family will receive the sum assured at policy purchase as the death benefit.

one crore term plan

Secure Your Family Future Today


Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Benefits of Term Insurance for Engineers

Term insurance for engineers can provide you with various benefits. Some of them are as follows:

  • Family’s Financial Protection: Term insurance for engineers can provide financial aid to your family in case you suffer an unfortunate death during the policy term. This makes sure your family is able to fulfil their lifelong goals and maintain their lifestyle.

  • Large life cover at affordable premiums: You can get term insurance for engineers at low premium rates online as insurance companies offer special discounts online. You can get a large life cover at low premiums if you buy term plan at a younger age, as the premium rates increase with age.

  • Loans and Liabilities: In case you have any existing loans or liabilities, your family might have to bear the burden of having to pay all of them in your absence. The payout received from term insurance for engineers can be used by your family to pay off any current loans like home loans or car loans.

  • Enhanced Cover: Insurance for engineers gives you the option of including relevant add-on benefits to your base plan. Riders like accidental disability and death riders or critical illness riders can protect you against any uncertainties of life.

Term Insurance Riders

Accidental Death Rider

Critical Illness Driver

Permanent & Partial Disability Rider

Accidental Death Benefit Rider

Family Income Benefit

Waiver of Premium Rider

  • Multiple Premium Payment Options: You can choose to pay your premiums in a single, regular, or limited premium paying term.

  • Multiple Premium Payout Options: You can select to have the death benefit paid in a lump sum amount, in regular instalments, or in instalments + lump sum amount.

  • Tax Benefits: Term insurance for engineers allows you to save on your premiums under section 80C of the Income Tax Act of 1961.

Why buy Term Insurance from Policybazaar?
Get Tax benefits up-to
₹ 46, 800
Guaranteed Claim Support
Online discount up-to 10%
Get High coverage at a Low Premium
Whole life cover (up-to 99 Years)
Advisor at Door Step

What can Term Insurance for Engineers Cover?

A comprehensive term insurance plan for engineers should cover the following:

Income Protection

This option entitles the life assured for monthly payments in replacement of a lost income if you suffer an illness or injury.

Critical Illness and Disability

Term insurance can secure you against eventualities such as critical illness and disability at some additional cost.

Life Cover

Term insurance pays your nominees/beneficiaries a lump sum payment if you die.

Final Thoughts

Term insurance for engineers is the perfect way for engineers to secure their family’s future in their absence. The coverage of these plans can be enhanced by including income protection riders, critical illness riders, and partial or permanent disability riders.

Different types of Plans

Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
22 Feb 2024

Tata AIA 50 Lakh Term Insurance

Ensuring the financial well-being of your family requires

Read more
22 Feb 2024

SBI Life 75 Lakh Term Insurance

SBI Life Insurance Company offers a variety of sum assured to

Read more
22 Feb 2024

Kotak 50 Lakh Term Insurance

Securing your family's financial future involves detailed

Read more
22 Feb 2024

SBI Life 70 Lakh Term Insurance

Many people are confused about the ideal life cover amount and

Read more
22 Feb 2024

PNB 50 Lakh Term Insurance

Securing your family's financial stability involves thoughtful

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
12 Jun 2018

Claim Settlement Ratio of Term Insurance Plan Providers

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
View Plans
Download the Policybazaar app
to manage all your insurance needs.