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.
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.
Some of the features of a Rs 1 crore term insurance plan:
The benefits of a 1 Crore health insurance plan are given below:
| Sum Insured (Rs.) | 1 Crore |
| In-patient hospitalization | Covered for minimum hospitalization of 24-hours |
| Pre and post hospitalization expenses | 30 days and 60 days respectively |
| Ambulance Cover | Covered |
| Organ Donor Expenses | Covered |
| No-Claim-Bonus | 10% to 50% |
| Renewability | Lifelong |
| Add-on Covers Available | Cancer cover, critical illness cover, second medical opinion, global cover, repatriation cover, domestic evacuation, compassionate visit, etc. |
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
| S.no. | Insurance Company | Term Insurance Plan |
| 1. | LIC | LIC Tech Term |
| 2. | HDFC | Click 2 Protect Life |
| 3. | SBI | e-shield Plan |
| 4. | ICICI Prudential | ICICI Pru iprotect Smart |
| 5. | Max Life Insurance | Smart Term Plan |
| 6. | Bajaj Allianz | Smart protect Goal |
| 7. | Kotak Mahindra | Kotak e-term Plan |
| 8. | Aditya Birla | ABSLI Digishield Plan |
| 9. | Tata AIA | Maha Raksha Supreme Plan |
| 10. | India First | Life e-term Plan |
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 Name | Monthly Premium |
| 1. | SBI | 544 INR |
| 2. | Aditya Birla | 680 INR |
| 3. | Kotak | 678 INR |
| 4. | India First | 491 INR |
| 5. | Bajaj | 693 INR |
Here is the graphical representation of the above table
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
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(Showing latest 5 reviews only)
November 22, 2021
Dinesh Chopra
DelhiNovember 17, 2021
Ramakant dubey
HyderabadBahut 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
KanpurVery 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
PuneHI, 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
HyderabadVery 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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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.