10 Crore Term Insurance
  • 10 Crore Sum Assured
  • How to Choose
  • Top 5 Plans
10 Crore Term Insurance
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What is a 10 crore Term Insurance Plan

A 10 crore term insurance plan is a pure protection plan that provides 10 crores of sum assured to the nominee of the policyholder in case of his demise. This sum assured is sufficient with the rate of inflation to support your family in tough times and also helps them pursue their future goals in your absence.

It is to be noted that a 10 crore term policy will come with higher premiums and can only be bought if your monthly income is eligible for the same. These policies are suitable for people with very high annual incomes, high standards of living, and huge loans that they do not wish to transfer to their families after their demise.

It is advised to decide on a coverage that is 15-20 times your current annual income. So, decide on coverage that is suitable to your current income instead of under or over-insuring yourself.

How to Choose the Best 10 crore Term Insurance

You can consider the following points to choose a suitable 10 crore term policy.

  • Understand Your Responsibilities

    The first step before purchasing a 10 crore term insurance plan is to understand your responsibilities, such as the lifestyle of your family, their monthly expenses, your children's future education, their marriage, and any loan that might be running in your name. A golden rule to choose the right term insurance plan is that the total sum assured should be at least 15-20 times your monthly income.
  • Premium Amount

    There are multiple term insurance plans available on the market. Providing a ten crore life cover, you should always compare the premiums of all the insurers before making the final decision. A ten-crore term insurance plan has higher premiums compared to lesser life cover. You should choose the best insurer with lesser premiums that fit your budget.
  • Claim settlement ratio

    The Claim settlement ratio in term insurance shows the ratio of raised claims settled in the same financial year against the number of claims received. Since you don't want your family to have a problem regarding the claim settlement procedure, always choose an insurer that has a good claim settlement ratio in the industry.
  • Riders and add-ons

    Riders play a very important role in enhancing your coverage. Riders like accidental disability and term insurance with critical illness rider could support you and your family financially in case you are diagnosed with any of the critical illnesses and have partial disability due to an accident. Every insurer provides multiple riders with their ten crore term insurance plans. You can select term insurance riders while purchasing a plan at nominal costs of INR 800 to 1000 for a year.

5 Best Ten Crores Term Insurance Plans in 2024

  1. ICICI Pru iProtect Smart

    A comprehensive term plan providing high coverage to your loved ones at affordable prices. With a high sum assured, ICICI Pru iProtect Smart also provides riders to enhance the protection of your loved ones in tough times.

    Eligibility Criteria

    Age Life cover Monthly premium amount Claim settlement ratio
    25 10 crores 4535/- 97.8%
  2. HDFC Life Click 2 Protect Super

    HDFC Life Click 2 Protect Super is a term insurance offered by HDFC Life; under this plan, the policyholder gets comprehensive coverage and many benefits with your changing lifestyle and life stage requirements.

    Eligibility Criteria

    Age Life cover Monthly premium amount Claim settlement ratio
    25 10 crores 5314/- 99.39%
  3. Max Life Smart Total Elite Protection

    Max Life Smart Total Elite Protection (STEP) is a term plan offered by Max Life Insurance; as per the word total elite protection, this plan provides complete protection to the policyholder with a special exit feature under which customers can get all the premiums back after exiting from the plan.

    Eligibility Criteria

    Age Life cover Monthly premium amount Claim settlement ratio
    25 10 crores 4709/- 99.51%
  4. Bajaj Allianz Life eTouch

    Bajaj Allianz Life eTouch is a term plan offered by Bajaj Allianz, the plan comes in 4 variants, gives a high sum assured, lets you add 2 riders, and offers a high sum assured rebate.

    Eligibility Criteria

    Age Life cover Monthly premium amount Claim settlement ratio
    25 10 crores 2671/- 99.04%
  5. Tata AIA Smart Sampoorn Suruksha

    Tata AIA offers Tata AIA Life Smart Sampoorna Raksha. This plan provides financial coverage to dependents for the long term to give access to continued child education, repayment of loans, etc., in the absence of a policyholder.

    Eligibility Criteria

    Age Life cover Monthly premium amount Claim settlement ratio
    25 10 crores 5040/- 99.01%

How to purchase a 10 Crore term insurance Plan?

Here is a step-by-step process for purchasing a 10-crore term plan from PolicyX.com.

Step 1: Browse Policyx.com on your browser.

Step 2: Click on the term insurance section.

Step 3: Enter age, city, and annual income.

Step 4: Enter your name, mobile number, date of birth, & qualification.

Step 5: Select the Coverage and make it to 10 crores.

Step 6: Select a plan as per your convenience and proceed to add riders and other available benefits.

Step 7: Fill out your proposal form.

Step 8: Pay your first premium.


A 10 crore term plan is an excellent option to provide a financial cushion to your family. With the present rate of inflation, it's a very good amount that helps your dependents to cover almost all expenses, and debts and help them to continue their lives without any financial worries.

10 Crore Term Insurance: FAQ's

1. Does 10 crores term insurance have higher premiums compared with other plans?

Yes, 10 crores term plans have higher premiums compared to other term plans, because as the coverage increases the premium amount also increases.

2. What are the factors considered for buying term insurance?

The Following are factors considered to buying term insurance:

  • Age
  • Annual income
  • Current Liabilities
  • Remaining Working Years

3. Is 10 crore term insurance sufficient?

10 Crore term insurance is properly sufficient to take care of your dependents in your absence.

4. Where should I purchase a 10 crore term plan?

You can purchase a 10 crore term plan by visiting Policyx.com, a qualified advisor will assist you to solve all of your queries and purchases.

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What Our Customers Have to Say

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May 20, 2024

SUD Life term plan truly stands out my expectations as I got SUD Life term plan along with additional riders at very affordable premiums.

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May 20, 2024

I am impresses with the hassle free and quick claim settlement process of SUD Life. Thanks to PolicyX who guided me to get my claim settled.

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May 20, 2024

Bought SUD Life Family Income Benefit Rider plan to secure the future of my plan financially even in my absence.

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May 20, 2024

I was looking for a term plan to secure the future of my family. So I contacted PolicyX and one of their representatives Mr. Vaibhav helped me choose SUD Life term plan.

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Armaan khan


May 17, 2024

I recently purchased a Pramerica term insurance policy from Policyx.com. The customer service team was very helpful in answering all my queries and guiding me through the application process. I...

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Rahul Yadav


May 17, 2024

PolicyX’s dedicated support made renewing my Bandhan Life Insurance policy easy. I’m absolutely delighted with the service offered by PolicyX Insurance Advisor.

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Priyanshu Sharma


May 17, 2024

I bought a Bandhan Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

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Yash Tomar


May 17, 2024

After getting advice from the PolicyX experts, I chose a Bandhan Life Insurance term plan. Thank you, PolicyX, for helping me buy a term plan at such a low premium.

Varun Saxena

Written By: Varun Saxena

Varun is a passionate content writer with over three years of experience in the insurance domain. An avid learner, he stays ahead of the industry's trends ensuring his writing remains fresh and includes the latest insurance shifts. Through his work, Varun strives to engage with targeted insurance readers.