What is 10 Crore Term Insurance?
A 10 crore term insurance plan offers a sum assured of ₹10 crore to your family in case of your unfortunate death during the policy tenure. This amount helps your family live a comfortable life and fulfill their financial goals even when you are not with them.
Premiums for a 10 crore term insurance policy can be substantial, so it’s important to ensure affordability. These plans are suitable for individuals with high annual incomes, significant liabilities, and a high standard of living.
It is recommended that individuals buy a term insurance policy with a sum assured of 10 to 20 times their annual income. Ensure the chosen coverage amount aligns with your financial goals and current income.
Best 10 Crore Term Insurance Plans in 2025
Here is a list of the best 10 crore term insurance plans, evaluated based on Claim Settlement Ratio (CSR), premiums, and benefits offered.
| S.No. | Plan Name | Unique Features | CSR (FY 2023-24) | Minimum Annual Premiums | Entry Age |
|---|---|---|---|---|---|
| 1 | Axis Max Smart Term Plan Plus |
|
99.65% | Based on the minimum sum assured | 18 to 65 years |
| 2 | Bajaj e Touch II |
|
99.23% | ₹873 per month | 18 to 65 years |
| 3 | HDFC Life Click 2 Protect Super |
|
99.5% | ₹1,181 per month | 18 to 65 years |
| 4 | TATA AIA Sampoorna Raksha Promise |
|
99.13% | ₹502 per month | 18 to 65 years |
| 5 | ICICI Prudential iProtect Smart Term Plan |
|
99.17% | ₹580 per month | 18 to 65 years |
| 6 | Bharti AXA Life Flexi Term Pro Plan |
|
99.01% | Based on the minimum sum assured | 18 to 65 years |
| 7 | SBI Life eShield Next Plan |
|
98.25% | Based on the minimum sum assured | 18 to 65 years |
How Does a 10 Crore Term Insurance Plan Work?
A 10 crore term policy provides your family with a sum of ₹10 crore in case of your sudden death during the policy tenure. Let’s understand how a 10 crore term plan works with a simple premium illustration.
Aman, a 40-year-old entrepreneur, bought the HDFC Life Click 2 Protect Plan with a sum assured of ₹10 crore for a policy tenure of 20 years. Let’s understand how the plan works for Aman with a premium illustration table.
| Policyholder’s Age | Plan Name | Sum Assured | Policy Tenure | Premium Payment Tenure | Annual Premiums |
|---|---|---|---|---|---|
| 40 years | HDFC Life Click 2 Protect Plan | ₹10 crore | 20 years | 20 years | ₹14,374 |
Key Takeaways
- In case of Aman’s death during the policy term, his family would receive ₹10 crore as death benefits to fulfill their financial responsibilities.
- If Aman survives the policy tenure, the policy would terminate, and no benefits would be paid.
Who Should Buy a 10 Crore Term Insurance Plan?
The following individuals should consider buying a 10 crore term insurance plan:
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High Net-worth Individuals (HNIs)
High Net-worth Individuals (HNIs) with liquid wealth exceeding ₹5 crore should consider investing in a ₹10 crore term plan to create a legacy for their loved ones.
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Self-employed Individuals
Self-employed individuals should invest in a term insurance policy to ensure their liabilities do not become a burden for their loved ones.
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Individuals With Dependents
A 10 crore term insurance plan is ideal for individuals with dependents, providing financial protection in case of an unforeseen event.
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Individuals With Liabilities
Individuals with liabilities, such as loans, should buy a 10 crore term insurance plan to ensure the loan burden does not impact their loved ones.
Benefits of Buying 10 Crore Term Insurance
A 10 crore term insurance offers various benefits to policyholders. Let’s understand these benefits in detail.
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Financial Security
A 10 crore term policy offers financial security to your family in case of your unfortunate death during the policy term, enabling them to achieve their financial goals.
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High Coverage at Affordable Premiums
Policyholders can secure high coverage of ₹10 crore at affordable premiums. Premiums for a 10 crore term insurance can start from as low as ₹4,300 if purchased early. You can calculate premiums using the PolicyX Insurance Calculator.
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Tax Benefits
You can avail tax benefits up to ₹1.5 lakh on premiums paid for your term insurance under Section 80C of the Income Tax Act, 1961. Additionally, the death benefits received are tax-free under Section 10(10D).
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Choice of Riders
A term insurance plan allows policyholders to enhance their coverage by opting for additional riders. Various rider options are available, including accidental death benefit rider, waiver of premium rider, and critical illness rider.
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Income Replacement
A 10 crore term plan acts as an income replacement for the policyholder’s family in their absence, allowing them to maintain a comfortable lifestyle.
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Flexible Premium Payment Modes
You have the flexibility to choose the premium payment mode for your 10 crore term plan. Various options are available, including lump sum, yearly, half-yearly, quarterly, or monthly.
How to Buy 10 Crore Term Insurance?
You can buy a 10 crore term insurance plan either from PolicyX.com or the official website of the insurance company.
Buying from PolicyX.com
- Visit PolicyX.com.
- Click on ‘Term Insurance’.
- Fill in your details, including age, gender, city, annual income, name, and mobile number, in the form on the right.
- Click on ‘Get Free Quotes’.
- Enter your date of birth, educational qualification, occupation type, and smoking habits.
- Enter your desired coverage amount as ₹10 crore. A list of plans will then be displayed.
- Choose your preferred plan and pay the premium amount.
Buying from an Insurance Company
You can also buy a 10 crore term insurance policy by visiting the official website of the insurance company.
Why Buy 10 Crore Term Life Insurance from PolicyX.com?
Here are the reasons to buy a 10 crore term insurance plan from PolicyX.com:
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Compare and Choose the Best Plan
PolicyX helps you compare a wide range of plans based on their features, enabling you to choose the one that best fits your requirements.
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Hassle-Free Purchase Process
Buying term insurance from PolicyX.com is a hassle-free process, allowing you to compare various term plans within 30 seconds.
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Customer Trust
PolicyX is a leading insurance aggregator, trusted by customers for its excellent services and support.
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Dedicated Customer Service
You can contact PolicyX through email or IVR. Our insurance experts will connect with you shortly to address all your concerns.
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Claim Assistance
PolicyX provides comprehensive support during the claim settlement process, guiding your family through the necessary steps.
Conclusion
A 10 crore term plan is an excellent option to provide financial security to your family in your absence. Given the current rate of inflation, ₹10 crore is a substantial amount to help your dependents cover expenses, manage debts, and maintain a comfortable life. We have provided a list of the best 10 crore term insurance plans for your consideration.
If you are still unsure which 10 crore term insurance plan is best, contact us at PolicyX.com for expert insurance advice.
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