1 Crore Term Plan Is A Must For Everyone
  • Fulfill All Dreams With 8 Figures Sum Insured
  • An Affordable Plan
  • Enhance Term Plan With Valuable Riders

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Best 1 Crore Term Insurance Plans

A term insurance plan for INR 1 crore is quite trending these days. Various insurance companies are pushing 8 figures returns on their long-term investment to use it for their children's higher studies, relaxed retired life, and what not to attract people off lately. Indeed, a crore rupees in return sounds ultra fancy and a dream to come true for anybody but there various questions that surround the mind of consumers at the time of buying term insurance that is it certainly possible to get a crore rupees in return for such low premium, do insurance companies really payout 1 crore premium as promised or is it really for me?

Well, the number of questions may be more but the answer to all of them is one- Yes Yes & Yes. The basic maths to calculate the sum insured of your term insurance should be based on the calculation of the present value of all future expenses and goals reduced by accumulated wealth. putting in simpler terms, the whole cost of your current desires should be assumed in the future cost considering the inflation that takes place in all sectors such as medical, retail, education and etc.

Term Life Insurance

Hence, whatever you desire to have in your life should be calculated as per the expected future price whether it is buying a house or your child's education or could be anything. Everyone likes the idea of an economically stable life having good amenities and facilities but in case you are the one who always dreamt of a lavish life then 1 crore is a must for you to meet the expenses for you and your family.

Having an INR 1 crore term insurance to reduce the financial burden from your family and fulfill your and their desires is just one aspect, wherein it comes with a whole bunch of benefits for consumers looking to have a wise and smart investment portfolio.

  1. Cost Effective

    The foremost thing to be evaluated by everyone is to have an insurance plan which comes light on their pockets and INR 1 crore term insurance plan definitely is a cost-effective form of life insurance. Considering the fact that term insurance plans are completely life cover schemes minus the saving component hence the premium of term insurance is quite affordable vis-a-vis other life cover plans. And if bought at an early age then the premium decreases to a greater extent. Another bonus point is that its premium cost remains the same throughout the payment duration which makes the payment quite affordable for customers. Therefore most of the INR 1 crore plans you come across quoting a few hundred and thousands of cost.

  2. Easy Accessible

    While talking about crore(s), people often consider this amount out of financial capacity or it is meant for people with higher incomes. But on the contrary, an INR 1 crore term insurance is certainly accessible for the masses without any disparity in terms of age or class or income. Most of the term insurance companies have made their 1 crore plan pool accessible for middle or upper-middle, employed, or self-employed people who are having a basic income of INR 5 lakh. Also, these plans are eligible for people starting from the age of 25 years to ensure that customers out there get the maximum benefit from this plan.

  3. Easy Alternative

    The INR 1 crore term insurance plan is helpful in alternative ways than just life cover. These plans usually come with additional rider benefits which can financially support during dire times. Accidental death or disability, premium waiver, critical illness, hospital cash benefit are a few riders to name which come with a marginal additional cost. These riders can cover you from various unforeseen challenges in life which require hospitalization and medical attention.

Top Ten 1 Crore Term Insurance Plans

S.NoInsurance CompanyTerm Insurance PlanPremium per month (in Rs)
1LICLIC Tech Term601*Explore Plan
2HDFCClick 2 Protect Life902Explore Plan
3SBIe-Shield596Explore Plan
4ICICI PrudentialICICI Pru iProtect Smart704Explore Plan
5Max Life InsuranceSmart Term Plan721Explore Plan
6Bajaj AllianzSmart Protect Goal747Explore Plan
7Kotak MahindraKotak e-term Plan722*Explore Plan
8Aditya BirlaABSLI Digishield Plan658Explore Plan
9Tata AIAMaha Raksha Supreme Plan1,011Explore Plan
10India FirstLife e-term Plan503Explore Plan

Written By : Naval Goel

Last Updated : July, 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 PolicyX.com Customers Says

(Showing latest 5 reviews only)

- 4.5/5 (458 Total Rating)

1 days ago

Barkha Khanna


One of the best Life Insurance companies. Amazing company with amazing customer support. I would definitely recommend this company to others.

1 days ago

Disha Padukone


It was a pleasure associating with policyx for my term insurance. The company is professional and offers good solutions that will actually help people

1 days ago

Salman A


very good work ethics at SBI nsurance...policyx agent helped me buy a policy from here. So it helped !

1 days ago

Firdos Khan


bought my Kotak policy from policyx.com and these guys were so swift with the whole thing! like they gave me a proper list of plans to go thru and i did my own research after which the buying was damn quick !

1 days ago

Saheba Quereshi


thanks LIC for settling my claims so shortly! it was really urgent and I m happy to have placed my trust on the company

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