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1 Crore Term Insurance Plan

The 1 Crore Term Insurance Plan is a smart, affordable way to provide your family with financial security in your absence. It offers a substantial life cover at reasonable premiums, making it a popular choice among working professionals, entrepreneurs, and individuals with long-term financial responsibilities. This plan ensures that your loved ones can maintain their lifestyle, pay off debts, and meet future financial goals, even if something unfortunate happens to you.

What is 1 Crore Term Insurance?

It is a term life insurance policy that provides a sum assured of ?1 Crore to your nominee in the event of your death during the policy term. The payout is tax-free and can be used by your family to meet day-to-day expenses, pay EMIs, fund education, or invest for the future.

Key Features & Benefits

  • High Coverage at Low Premium: Premiums are affordable, especially if you purchase the policy at a young age.
  • Customizable Add-ons: Include riders such as critical illness cover, accidental death benefit, and premium waiver.
  • Tax Advantages: Premiums qualify for deductions under Section 80C and benefits under Section 10(10D) of the Income Tax Act.
  • Flexible Policy Term: Choose coverage for up to 40 years or till the age of 85 years, depending on your needs.
  • Peace of Mind: Your family is financially protected, no matter what the future holds.

Who Should Opt for 1 Crore Term Insurance?

This plan is ideal for:

  • Young professionals starting their financial journey
  • Parents with young children or dependents
  • Homeowners with EMIs or loans
  • Entrepreneurs and business owners with responsibilities
  • Anyone seeking a strong financial safety net for their family

Additional Benefits You Can Choose

  • Critical Illness Rider: Get a lump sum if diagnosed with major illnesses like cancer or heart disease.
  • Accidental Death Benefit: Extra payout in case of death due to an accident.
  • Waiver of Premium: Future premiums are waived off in case of disability or critical illness.
  • Income Benefit: Option to receive monthly income along with the lump sum for added support.

Example of Affordable Premium

A healthy 30-year-old non-smoker male can buy a 1 Crore cover for just 700/month (depending on term and company).

How to Buy

  1. Compare term plans from top insurers
  2. Select policy term and riders
  3. Fill out the application and submit documents
  4. Complete a medical test (if required)
  5. Pay premium and get your policy issued

Don’t delay your decision. Buying a ?1 Crore Term Insurance plan today is one of the most responsible steps you can take to protect your family’s future. It’s more than just a policy—it’s your legacy of care, protection, and love.

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1 Crore Term Insurance – Frequently Asked Questions

It is a pure protection plan that provides a life cover of ?1 crore to your nominee in case of your unfortunate demise during the policy term.

It is ideal for individuals with financial dependents such as salaried employees, self-employed professionals, and anyone looking to secure their family’s financial future.

The premium depends on your age, health condition, policy term, and whether you opt for add-ons. For a healthy individual in their 30s, it can start as low as ?500–?1,000 per month.

Yes, the death benefit received by the nominee is tax-free under Section 10(10D) of the Income Tax Act, 1961.

Some insurers allow cover enhancement options at life milestones like marriage or childbirth. Check with your provider for specific terms.

In standard term plans, nothing is paid if you survive the policy term. However, you can opt for a Term Plan with Return of Premium (TROP) to receive premiums back on survival.

Yes, many Indian insurers offer term plans to NRIs. Medical tests and online documentation may be required.