1 Crore Term Plan Is A Must For Everyone
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Best 1 Crore Term Insurance Plans

Term insurance is a type of life insurance plan that is one of the most beneficial life insurance investments one can make. It offers coverage for a specific time that means If you buy term insurance then you will receive the coverage for a specific period of time. If a policyholder died within this time period then the nominee of the life insurance policy will get the total sum assured from the insurance company. Term insurance is an affordable, accessible, and affordable way to ensure that you and your family are financially protected.

What is a 1 crore term insurance plan?

A 1 crore term insurance plan is a policy that guarantees the nominee will get the sum assured of 1 crore after the death of the policyholder as a death benefit. It acts as a protector of the family in the absence of the policyholder and provides financial support to the family in fulfilling their dream.

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Features of an INR 1 crore term plan?

Some of the features of a Rs 1 crore term insurance plan:

  • Cost-Effective: The cheapest form of life insurance is term insurance plans. It is a pure life cover that has no saving component. The premiums of term life insurance are quite affordable than permanent life insurance.
  • Riders: It offers various additional riders like critical illness plans to enhance your term insurance that means the policyholder is eligible to get benefit if he or she is diagnosed with a critical illness listed in your rider.
  • Attractive Features: Insurance companies offer various other attractive features in term insurance plans like discounted premiums to non-smokers and certain categories of people, large sum assured, etc.

Benefits of INR 1 crore Health Insurance Plan

The benefits of a 1 Crore health insurance plan are given below:

Sum Insured (Rs.)1 Crore
In-patient hospitalizationCovered for minimum hospitalization of 24-hours
Pre and post hospitalization expenses30 days and 60 days respectively
Ambulance CoverCovered
Organ Donor ExpensesCovered
No-Claim-Bonus10% to 50%
Add-on Covers AvailableCancer cover, critical illness cover, second medical opinion, global cover, repatriation cover, domestic evacuation, compassionate visit, etc.

Who should opt for a 1 crore term insurance plans

It is one of the most affordable term insurance plans available in the market today. You can secure your family at lower premiums by buying this product at an early age. As we know, the financial need of a family is increasing day by day due to the inflation rate and the cost of living. So, it is better to buy a term insurance plan according to your future requirements.

This term insurance plan is ideal for

  • Those who have a large family with parents, siblings, wife, and children.
  • Those who have a limited income with big financial commitments.
  • Those who have several debts and can put an unbearable financial burden on the family in case of the policyholder’s death.
  • Those who want to create enough savings for their family in case of his/her absence.

1 Crore Term Insurance Plans Offered by Various Companies

S.no.Insurance CompanyTerm Insurance Plan
1.LICLIC Tech Term
2.HDFCClick 2 Protect Life
3.SBIe-shield Plan
4.ICICI PrudentialICICI Pru iprotect Smart
5.Max Life InsuranceSmart Term Plan
6.Bajaj AllianzSmart protect Goal
7.Kotak MahindraKotak e-term Plan
8.Aditya BirlaABSLI Digishield Plan
9.Tata AIAMaha Raksha Supreme Plan
10.India FirstLife e-term Plan

Premium Calculation

In the below table, we are presenting the comparison of the top ten 1 crore term insurance plans based on the premium for a non-smoker, 30-year-old male, with cover up to 45 years.

S.no.Company NameMonthly Premium
1.SBI544 INR
2.Aditya Birla680 INR
3.Kotak678 INR
4.India First491 INR
5.Bajaj693 INR

Here is the graphical representation of the above table

Monthly Premium of different companies

Monthly Premium of different companies

Purchasing INR 1 crore term insurance plan is the best way to protect your family against the uncertain events of the future. Because its accessibility, large cover, and affordable premium rates make this insurance plan best for most people. There are various additional riders to enhance the protection for you and your family. So, choose the best INR 1 crore term insurance plan and keep your family secure by paying the premiums on time.

Written By : Naval Goel

Last Updated : October, 2021

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

Find Out What the Customers Are Saying

(Showing latest 5 reviews only)

- 4.3/5 (522 Total Rating)

November 22, 2021

Dinesh Chopra


Amazing life insurance plans at very cheap prices. sales team is also very good. they explained the plan to me very well. I am very impressed.

November 17, 2021

Ramakant dubey


Bahut achi company hai, mai bht khush hu iske plan leke. premium bhi kafi kam hai. customer care team bhi kafi achi hai aur bht ache se plan ko samjhati hai.

November 17, 2021

Sakhu Wati


Very reliable company. I have bought PNB Metlife insurance, and I believe that this company will help me in my hard times.

November 12, 2021

Veena Gehlot


HI, my name is Veena Gehlot. I am a widow and have 2 children. After my husband s death, Life was very difficult both emotionally and financially. Thanks to my husband s Exide Term Insurance policy, I am able to fulfil my children s education. Thankyou Exide Life Insurance.

October 29, 2021

Anayesha Siddqui


Very good customer support from IDBI Team. I got the Death Befit of my husband s term insurance policy. With this money, I will fulfil my family s dreams.

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