1 Crore Term Insurance Plan
1 Crore term insurance plan offers a sum assured of Rs.1 Crore which is paid to the policyholder’s family/nominee as a death benefit in case of an unfortunate demise of the policyholder during the policy term. This plan is the best way to build a financial corpus for your dear ones. The premium rates for a 1 Cr term insurance plan are pocket-friendly, which makes it the right choice among policy.
Life Cover
₹ 1 Cr
Max Limit: 99 yrs
Claim Settlement
97.9%
Price
₹ 700/month
5% Online Discount
Life Cover
₹ 1 Cr
Max Limit: 85 yrs
Claim Settlement
98.66%
Price
₹ 772/month
1% Online Discount
Life Cover
₹ 1 Cr
Max Limit: 85 yrs
Claim Settlement
99.4%
Price
₹ 706/month
1.01% Online Discount
Life Cover
₹ 1 Cr
Max Limit: 100 yrs
Claim Settlement
98%
Price
₹ 552/month
Life Cover
₹ 1 Cr
Max Limit: 85 yrs
Claim Settlement
99.02%
Price
₹ 616/month
3% Online Discount
Life Cover
₹ 1 Cr
Max Limit: 80 yrs
Claim Settlement
98.17%
Price
₹ 627/month
Life Cover
₹ 1 Cr
Max Limit: 75 yrs
Claim Settlement
98.82%
Price
₹ 623/month
Life Cover
₹ 1 Cr
Max Limit: 100 yrs
Claim Settlement
97%
Price
₹ 534/month
Life Cover
₹ 1 Cr
Max Limit: 58 yrs
Claim Settlement
96.92%
Price
₹ 449/month
Life Cover
₹ 1 Cr
Max Limit: 99 yrs
Claim Settlement
99.1%
Price
₹ 583/month
Life Cover
₹ 1 Cr
Max Limit: 73 yrs
Claim Settlement
98%
Price
₹ 663/month
Life Cover
₹ 1 Cr
Max Limit: 48 yrs
Claim Settlement
99.09%
Price
₹ 1,301/month
3.93% Online Discount
Disclaimer: The above plans and premiums are for 1 Cr sum assured for 18 years old with 12 years policy term. *Standard T&C Apply. Policybazaar does not rate, endorse or recommend any particular insurer or insurance product offered by the insurer
Let’s understand the Policybazaar 1 Crore Term insurance details and how it works:
How to Choose a 1 Crore Term Insurance Plan?
Finding the best term plan for 1 crore is an important task, as there are various insurers offering plans at a competitive rate. However, if you have already decided to buy a 1 Crore term plan to protect your family financially in your absence, here are some of the important parameters that you should consider at the time of buying a suitable 1 Cr term insurance plan.
Premium Rate of Term Plan
The premium rate is an important aspect of any term plan. The prices of the plan may vary from one insurance company to another. You can use an online term insurance premium calculator to determine the 1 Crore term insurance premium of different insurers. You can compare these plans to find a policy that is affordable and suits your requirements.
Claim Settlement Ratio (CSR) of the Insurer
CSR is the ratio of claims settled by the insurance company to the claims registered. It is always advisable to select an insurer that has a high CSR or has a claim settlement ratio of at least 90%.
Add-ons (Riders)
Riders are the additional benefits that can be added to the base plan to enhance its coverage. There are different types of riders available for a 1crore term plan such as waiver of premium, critical illness, permanent or temporary disability, etc.
Best Term Insurance Plan For 1 Crore
Below is the list of the best term insurance plan for 1 crore. Take a look at these plans and select the one that works the best for you:
Note: You can calculate the premium amount from Policybazaar Term Insurance 1 Crore Calculator as per your requirements and life goals.
Disclaimer: “Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.”
Why Buy Term Insurance for 1 Crore from Policybazaar?
Get High Coverage at a Low Premium
Secure Your Family From Loans, Debts, and Liabilities
Early Investment Helps You Save More
Overall Protection
Whole Life Cover
Get Tax Benefits Up To Rs.46,800
*All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C Apply
“Tax benefit is subject to changes in tax laws. Standard T&C apply.”
How To Buy 1 Crore Term Insurance Plan from Policybazaar?
Below mentioned is the step-to-step guide to buy 1 Crore insurance policy from Policybazaar:
Step 1: Go to the 1 Crore Term Insurance Form
Step 2: Fill in the basic details such as name, Date of Birth, and contact number and click on ‘View Plans’
Step 3: Answer the questions about smoking or chewing habits, annual income, occupation type, educational qualification, and language
Step 4: After submitting all the details, a list of all available 1 Crore term insurance plans will be displayed
Step 5: Choose the plan that suits your financial needs and proceed to pay
Who Should Opt for a 1 Crore Term Plan?
Young aged individuals
If you are a Sole Earner of your Family
If you have multiple dependents\
If you have debts/loans
kers.