1 Crore Term Insurance
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  • Rider protection
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1 Crore Term Insurance Plans
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1 Crore Term Insurance Plan in India

With time, financial responsibilities also increase. Thus it is important for you to always be prepared for what the future has to offer. Not just this, as a responsible family member, it is also important for you to ensure that your family's dreams are secured even in your absence.

To ensure a family's financial freedom, many people these days are picking Rs. 1 Crore term insurance. Having 1 Crore Term Insurance ensures that your family does not have to sacrifice fundamental needs in order to accomplish financial ambitions.

In this article, let us discuss more Rs. 1 Crore Term Insurance Plans:

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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Benefits of Having 1 Crore Term Insurance Plan

Along with securing your family's financial needs in your absence, 1 Crore Term Insurance also offers several other benefits such as:

  • 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.
  • Enhanced Coverage Through 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: Term 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.

Who Should opt for a 1 Crore Term Insurance Plan

1 Crore Term Insurance 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.

Term Insurance Companies

Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.

Best Term Insurance Plan For 1 Crore in India 2023

LIC Tech Term is a pure protection term plan that protects your family's financial needs after your demise. The plan is available online only, and comes with several benefits.

Unique Features

  • Avail two benefit options
  • Death benefit Available
  • Non-smoking discounts

HDFC Click 2 protect life is a comprehensive plan, offering 3 different variants and an unlimited life cover.

Unique Features

  • Special premiums for non smokers.
  • Premium waivered for critical illness.
  • Avail Survival benefits.

SBI Life Smart Shield is a pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance and offers additional riders for enhanced protection.

Unique Features

  • Coverage at an affordable cost.
  • Lower premiums for non-smokers.
  • Discount on larger sum assured.

A comprehensive coverage plan for you and your family including death, terminal illness and disability.

Unique Features

  • Coverage for female organ cancers.
  • 4 payout options to choose from.
  • MWP Act available

Max Life Smart Term Plan

This Plan offers two death benefit options to cater to diverse financial requirements; wherein you can choose from a Life Cover or Increasing Life Cover, depending on your preference.

Unique Features

  • Different payout options available
  • Terminal illness cover
  • Maturity benefit available

An affordable and versatile plan that offers something for everyone; child education extra cover, life cover with joint-life variant, and increasing life cover variant.

Unique Features

  • Covers 55 CI
  • Cover for child education
  • Automatic life cover increase

Kotak e-Term Plan is a Pure Protection Plan. It offers special premium rates to non-tobacco users and women and has multiple plan options with additional riders.

Unique Features

  • Multiple plan options available
  • Three payout options available
  • Increase or decrease life cover

ABSLI DigiShield Plan

Aditya Birla Life DigiShield plan is an easy-term insurance solution that allows you to protect your family’s future after your demise with 10 coverage options.

Unique Features

  • Accelerated Critical Illness Benefit
  • Coverage till 100 years of age
  • Enhanced protection with riders

Sampoorna Raksha Supreme is a comprehensive plan that comes with a "The Life Stage Option benefit" under which you increase insurance cover in accordance with the requirement during a certain life stag.

Unique Features

  • Get a 105% Return on Premium
  • Whole life coverage
  • Avail Online Medical E-consultation

India First Life Guaranteed Protection Plan is a comprehensive term cover option that comes with several features and offers financial security to your family in the unfortunate event of your death.

Unique Features

  • Return of Premiums of maturity
  • Coverage till 100 years
  • Spouse coverage under the same plan

Continue reading to get a thorough understanding of the above-mentioned 1 crore term insurance plans:

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 First Life 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.


Let your family be financially independent and secure with the best term insurance plan for 1 crore. Gift them a secure life by purchasing a 1 Crore term insurance plan. However, do remember before buying a 1 crore life plan, ensure that you will be able to pay the charged premium amount. Determine how much you can commit to the plan on an annual basis (without burdening your pockets) and then chose an ideal plan.

1 Crore Term Insurance : FAQ

1. Do I need 1 crore term insurance?

1 Crore Term Insurance 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.

2. What are the benefits of having the best term insurance plan for 1 crore?

Along with securing your family's financial needs in your absence, 1 Crore Term Insurance also offers several other benefits such as

  • Coverage through riders
  • Optional critical illness cover
  • Cost-effective coverage
  • Collective coverage for various members of the family

3. What is the eligibility for 1 crore term insurance?

For individuals between the age group of 30-35 years who have more earning years, or if you an individual is the only earning member of the family, a 1crore term insurance plan will be beneficial for your family after your death.

4. Who should opt for a 1 Crore term insurance plan?

People should opt for the best term plan for 1 crore if they are

  • Young individuals
  • only breadwinner of the family
  • Have multiple dependants
  • If you have liabilities like loans

Term Insurance Articles

What Our Customers Have to Say

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Priya Sharma


December 14, 2022

PolicyX has a smooth service from booking policy to verification. Employees are very patient and have good knowledge and help you throughout the process. Had great experience dealing with them

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December 9, 2022

I had many confusions regarding the term policies . But Policyx has handled it well, m happy that they are my wayfarer in this journey.

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Prerna Kumari


July 11, 2022

Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.

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Priya Sangwan


July 11, 2022

IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.

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Priyanshi Deewan


July 6, 2022

I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

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Rishabh Kumar


July 6, 2022

I bought a term plan with Canara HSBC for the protection of my family and have been satisfied with the benefits received. It is simple and easy to buy their plans.

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Samarth Gaur


July 6, 2022

I am very happy with the term plans offered by the Canara HSBC Life Insurance company. The plans offer comprehensive coverage and I am sure will support my family after my demise.

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Vipul Bhardwaj


June 9, 2022

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

Naval Goel

Reviewed By: Naval Goel

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.