Term Insurance for High Net-Worth Individuals (HNIs)

Term Insurance is a fundamental tool for securing your family's future. For High Net-Worth Individuals (HNIs), it goes beyond just protection—it is a strategic financial instrument for legacy planning, wealth preservation, tax management, and business continuity.

Why HNIs Need Term Insurance?

• Large Cover at Affordable Premiums: Term plans offer high-value coverage at relatively low cost, making them ideal even for wealthy individuals who want to maximize protection efficiently.
• Estate and Legacy Planning: Helps in ensuring smooth wealth transfer to heirs while maintaining liquidity in times of financial need, such as settling estate duties or taxes.
• Business Protection: Coverage can act as a succession buffer or key-person insurance to ensure business continuity in case of an untimely demise.
• Peace of Mind: Even HNIs can have liabilities—loans, business debts, responsibilities—that require planned protection for dependents.

Exclusive Features for HNIs

Several insurance providers offer premium term insurance plans tailored for HNIs. These include:

• High Sum Assured options ranging from ?2 Cr to ?50 Cr or more
• Priority medical check-ups at your convenience
• Dedicated relationship managers and underwriting specialists
• Fast-track claim settlements and service privileges

Tax Efficiency

Term insurance offers tax deductions under Section 80C and the death benefit is tax-free under Section 10(10D). For HNIs managing significant tax liabilities, this helps reduce the burden legally and efficiently.

Example Scenario

Suppose an HNI has ?20 crore in business and personal assets with ?5 crore in liabilities. A ?10–15 crore term plan ensures that even if something happens unexpectedly, debts are cleared, and family receives enough for a financially stable future.