Term insurance is the pure type of life insurance. It offers financial benefit for a specific 'term', in exchange for fixed premium amounts. You can buy a ₹1 crore term insurance plan for premiums starting at just ₹14 per day. The Best term insurance plan secures the financial future of your loved ones in your absence. The death benefit from this type of life insurance product can help your family cover living expenses like healthcare, child’s education fees, home loans, groceries, and more. Therefore, buying the best term insurance plan is important for ensuring the future financial security of your family. Read more What is Term Insurance? Term insurance is a pure form of life insurance that protects your family financially by offering a death benefit if you pass away within the policy term. It's the simplest and yet affordable way to ensure they receive a lump sum to cover expenses and achieve goals. If you outlive the policy term, you don’t get any money back (unless you choose a term return of premium option). For example: A healthy 25-year-old male, non smoker can get 1 crore term insurance coverage for just ₹587 per month until age 60. This fixed amount of premiums can be paid at regular or lump sum for the complete policy term or for a limited time. The term insurance premium amount varies based on the type of premium payment method chosen by the policy buyer. How Term Insurance Works? Let us understand how term insurance works with the help of an example: Meet Sameer Sameer, a Healthy and non smoking male. Sameer, a Healthy and non smoking male. Bought Policy Sameer bought ₹1 crore Term Insurance for a 25-year policy term to secure his wife financially. Sameer bought ₹1 crore Term Insurance for a 25-year policy term to secure his wife financially. Unfortunate Death In the 9th Policy year, Sameer suffered an unfortunate death. In the 9th Policy year, Sameer suffered an unfortunate death. Claim His wife received a ₹1 Crore death benefit from the insurer. His wife received a ₹1 Crore death benefit from the insurer. After Claim His wife can use the benefit & maintain her current quality of life. His wife can use the benefit & maintain her current quality of life. Discount upto 18.5% # for buying online Dedicated claim support for family FREE Advisors available in your city 13.2 Crore Registered Consumer 53 Partners Insurance Partners 6.29 Crore Policies Sold Claim amount settle for our customer (since 2018) Directly from Experts Policybazaar’s Dedicated Claim Assistance Program (DCAP) assigns every customer a dedicated relationship manager to guide them through their policy and assist them even during claim settlement. In tough times, we’re here to support you. We handle everything for you - from filling out the forms to ensuring your claims are settled. We’re here for your complete help at every step, so you never have to worry. Buying term insurance online from Policybazaar is quick and simple, with just a few clicks. Now protect your family’s future while you bid adieu to all your stress. Business Head - Term Insurance Term Insurance at a Glance ₹5 Lakhs to up to ₹20 Crores From 5 yrs to 99/100 yrs Critical Illness Cover Accidental Total Permanent Disability Terminal Illness Cover Accidental Death Benefit Save up to ₹46,800 on taxes with Section 80C Section 10(10D) Death Benefit is tax-free with Section 10(10D) 100% Dedicated Claim Assistance Why Buy Term Insurance ? There are various term insurance benefits that are designed to cater your financial protection needs. Here is a list of few benefits: To Secure your Family To Protect the Assets To Reduce Lifestyle Risks Be Prepared for Uncertainties Low Premium with Attractively High Life Cover Opting for a Term Rider To Secure your Family Looking after your family is a top priority, especially when you're the main provider. Term insurance is like a safety net for them if something unexpected happens. It gives them money to help with important bills, education, and daily life, so they can keep their desired living standard even if you're not there. To Protect the Assets Term insurance helps protect your assets and investments by providing financial support to your family in case of unfortunate events, ensuring they don't have to liquidate assets to meet expenses. To Reduce Lifestyle Risks With comprehensive coverage, term insurance helps mitigate the financial risks associated with maintaining your current lifestyle, offering peace of mind to your loved ones. Be Prepared for Uncertainties Life is unpredictable. Term insurance provides a safety cushion for unexpected events, ensuring your family is financially secure during difficult times. Low Premium with Attractively High Life Cover Get maximum protection at minimal cost. Term insurance offers the highest life cover at the most affordable premiums compared to other life insurance plans. Opting for a Term Rider Enhance your term insurance policy with additional riders for critical illness, accidental death, disability, and more to get comprehensive protection. Save on taxes while securing your family's future. Term insurance premiums are eligible for tax deductions under Section 80C, and the death benefit is tax-free under Section 10(10D). Common Customer Queries Resolved Term life insurance provides financial protection to your family and basically replaces your income in case you are not around. You pay a small fee every month/year to protect your family and in case something happens to you, the insurance company pays a large sum of money (life cover) to your family. It costs as little as ₹400/Month to buy a 1 crore life cover. Life Cover: Amount that family receives on the demise of policyholder (should be 10 times of your annual income). Cover till age: Age till which the term plan provides protection to your family (generally opted till 70). Payment Frequency: Premiums can be paid monthly or annually. Life cover or sum assured is to take care of your family's expenses in your absence. Expenses include household expenses which will increase with time due to inflation and any existing loans. Thumb rule is to take a cover of 10 times your annual income. Why? Let me explain with an example: Annual Income = 10LMonthly expense = 35,000/month i.e. 4.2L/year Loan = 20LAs per trends, your expenses double in 10 years due to inflation. Net expenses for the next 20 years would be 1.3 Cr. Adding 20L to pay off your loan your family would need approx 1.5 Cr as your Life cover Term insurance should cover you until your financial responsibilities are over. 1. Do you want cover till you retire? (since your financial obligations wil be over). We recommend 65 in this case. 2. Do you want to leave a legacy amount for your family? We recommend 75 in this case as life expectancy is 70 in India You can choose the number of years you wish to pay premiums till the age of 60 or entire policy term i.e. regular pay or in 5/10/15 years i.e. limited pay. Choosing Limited Pay has an added benefit. You can save upto 54% on your overall Premium if you select limited pay for your Term Plan. *58% of the customers select payment term of 10 years.* Policybazaar provides dedicated claim handler who can also come at your doorstep in 85+ cities. Our claim handler will get in touch and assist for free. He/she would be the one point of contact for all claim queries and work with your nominee on documentation and coordinating with your insurer. We would actively provide status updates and your nominee would have no hassle of multiple follow-ups. A 20 lakh term insurance is a term plan that offers 20 lakh sum assured to the family of the policyholder as the death benefit. The family can use the benefit amount to take care of their financial needs in the policyholder's absence like pay for rent, loans, child's fees, and more. It is recommended that you assess your annual income and your family's potential financial needs in your absence and buy the best 20 lakh term insurance in India. Commonly used riders and reasons to add them: Waiver of Premium on critical illness/ disability - In case of permanent disability due to an accident or any critical illness, no future premiums have to be paid, and the life cover stays intact. This is available as a free add-on in most of the plans and is otherwise available at a minimal amount. Highly recommended adding this to your pure term insurance plan. Accidental Death Benefit - In case the death happens due to an accident, an additional payout (amounting to the value of the base Sum assured) will be given over and above the base sum assured at a very nominal price. This is highly recommended to people who travel a lot or ride a two-wheeler frequently. Critical Illness Benefit - On diagnosis of any critical illness (listed by the Insurer), you will get a lump sum payout (as decided while buying this rider) immediately. Once the benefit for the critical illness rider in term insurance has been paid out, the life cover minus the critical illness cover continues with a reduced term plan insurance premium. This might not sound very useful when you're young, but the relevance of this rider increases with your age. Early Pay out on Terminal Illness - Get 100% payout in case you are diagnosed with any terminal illness (as listed by the Insurer). Some insurance providers may give a proportion of the sum assured as well. What is Term Insurance? Claim Settlement Ratio (CSR): You should buy online term insurance from a company with a CSR of above 95%. Solvency Ratio: You should check the company’s ability to take care of their future liabilities. Grace Period: You should always check the grace period for different payment frequencies. Free Look Period: Make sure that the free look period for the policy is per your liking. Rider Benefits: Always check the additional riders, their benefits offered, and conditions. Smart Exit Benefit: Some insurers offer the option to exit the plan early and receive all the premiums paid. Type of Plan: Check the ideal type of term insurance for your needs before buying. Did you Find the Content Helpful? If yes, Please rate us. What are the Different Types of Term Insurance Plans and Their Benefits in India 2026? There are various types of term plans that offer benefits as per the varying needs of the customers. You should always compare and select the most suitable plan, and then customise it to fit your needs perfectly. Here is a list of the most common types of term insurance policies available in India and how they can benefit you: What are the Key Features of Term Insurance Policy? Term life insurance plan is one of the preferred types of life insurance because of its affordable premiums, low entry age, and easy-to-buy features. Long-term protection, the flexibility of choosing policy and premium payment terms, customisable cover, and liability protection are some other benefits of term insurance plans. When Should I Buy Term Life Insurance Plan? Buying term insurance at an early age can save a lot of money. Premium increases with age, and you can lock your premiums at a lower rate by buying today. This is beneficial for non-smokers. Look at the table to see how premiums increase as you age, and you should make an informed choice by buying term insurance today! For a 1 crore term insurance plan, the premium increases as the age of the life assured increases, highlighting that buying term insurance earlier is more cost-effective. Additionally, smokers pay significantly higher premiums compared to non-smokers due to the increased health risks associated with smoking. This is for male, salaried for a 1 crore sum assured with a cover till age 60 years. For example, at age 25, a non-smoker pays ₹587/month, while a smoker pays ₹990/month. By age 45, the premiums rise to ₹1692/month for non-smokers and ₹3003/month for smokers. Information Sourced from Policybazaar. Who Should Buy Term Insurance Plans in 2026? Anyone who has financial dependents should buy term plans, as they offer financial protection at affordable premiums. This includes parents, married couples, self-employed or businessmen, new parents, and taxpayers. Let us discuss how each individual would benefit from a term life insurance plan. Term insurance premiums are lowest when you buy early. As your income grows, the fixed low premium becomes even more affordable. Early coverage protects you before lifestyle diseases or health issues increase premiums A term plan for all ages provides lifelong peace of mind and financial security for your family. Term insurance for spouse provides financial support to spouse in case of an unfortunate event Married couples should buy term insurance online early to secure large cover at low premiums Ensure your partner is not burdened with existing or future liabilities Offers peace of mind as you build a secure and stable future together Term insurance for women provides financial protection for your family even if you are the primary or equal earner. Ensure your children’s education and future goals continue without financial disruption. Offers affordable premiums when purchased early, making long term coverage cost-effective. Covers liabilities such as home loan or personal loans so your family is not burdened in your absence. Term insurance for housewife is specifically designed for homemakers, as it provides financial security to her family in case of her unfortunate death. A payout from term life insurance helps cover the household expenses, such as childcare and other types of expenses. Term life insurance plans offer tax benefits that help save your taxes. Premiums paid towards a term insurance plan are eligible for a tax deduction of up to ₹1.5 lakh under Section 123 of the Income-tax Act, 2025, subject to applicable conditions. This deduction is available only under the old tax regime Term insurance for parents provides financial security for children in case of an untimely death. Ensures long-term protection to cover major expenses such as education and household needs. Helps clear existing loans so that the family doesn’t face financial burden. Offers peace of mind by securing the future of dependents and aging family members. Term plans help cover medical and end-of-life expenses without burdening your family. Ensures your loved ones are not left with unpaid loans or liabilities post-retirement. Provides a financial cushion for dependents who still rely on your income or pension. Can get tax benefits under Section 10(10D) of the Income Tax Act, 1961. Term insurance for senior citizens (60 years or above) provides financial security to dependents even after retirement income stops. Ensures outstanding loans or liabilities are not passed on to children. Offers peace of mind by leaving behind a guaranteed financial cushion. Term insurance for self employed provides financial security to the families of the self-employed in case of their death. The payout from term insurance plans may cover the expenses of business overheads and daily household expenses till the time someone else takes charge. Term insurance for NRIs provides a global financial protection for your family even when you live abroad. Ensures your financial responsibilities in India such as loans or dependents remain secured. Offers tax benefits under Indian tax laws Premiums can be paid easily from overseas through international payment options. Also offer facilities such as tele -video-medical check-ups. Term insurance for equity investors provides financial security to their nominee in case of the investor's passing. The policy benefits help ensure the nominee can continue or start the best SIP plan, securing their future financial well-being. Diabetes can make your life difficult and this increases your risk of having other critical illnesses. Thus, to offer financial protection to your family, it is suggested that you should buy term insurance plan for diabetics . Offers customised plans based on medical history and medical condition. Term plans provide income protection for families when there is no fixed monthly salary. Secures long term financial stability despite inconsistent earnings Covers outstanding business loans or equipment EMIs if something happens to you. These types of individuals can buy term plans with valid income proof documents. Term insurance for home loan owners ensures your family can repay the home loans in your absence. Protects your home being repossessed due to unpaid EMIs Offers peace of mind by securing your biggest financial asset Provides long-term financial security while you build your dream home. *Expatriate meaning: An expatriate is a person who lives outside their native country, usually for work or long term residence. How to Calculate Term Insurance Premiums? You can simply calculate that how much you’ll pay for a term insurance plan, you can use a Policybazaar term insurance premium calculator.This is an online tool that calculates your premium based on details such as gender, age, cover till age, and life cover required. At Policybazaar, you can easily check your term insurance premium rates online at free of cost. Protect your family's financial future with a Term Insurance Plan Policybazaar offers 100% dedicated claim assistance to help policyholders in the claim process smoothly and efficiently. ₹3,017 crore worth of claims have been assisted since 2018 . With a team of experienced professionals, we ensure that policyholders receive the full benefits they are entitled to under their term insurance policies and provide end-to-end support to the policyholder. How does Policybazaar’s Dedicated Claim Assistance Program work? The Policybazaar claim assistance process is simple and works in two basic steps: The nominee of the policyholder can contact Policybazaar's dedicated claim assistance team by calling 1800-258-5881, emailing, or texting and basically informing them of the policyholder’s unfortunate death. The team will collect information about the policyholder's claim and guide them through the necessary documentation and procedures. Once the necessary information and documentation have been collected, Policybazaar will take over the claim process on behalf of the policyholder. This includes doing the ground work, communicating with the insurance company, following up on the claim status, and ensuring that the policyholder receives the claim amount promptly. What are the Factors That Can Affect Term Insurance Premiums? Various factors like your age, gender, health, family medical history, current health conditions, and lifestyle can affect your term insurance premiums in the following ways: What are the Payout Options in Term Life Insurance? The payout options in term insurance plans can help your family take care of their financial needs in your absence. Let's take a look at following 4 term insurance payout options : It's important to select the death benefit payout option that best fits your insurance needs and the requirements of your beneficiaries. You need to consider factors like the sum assured on death, the financial goals of your nominees, and any ongoing financial obligations like loans that may need to be covered. You can consult with an insurance advisor to help you make an informed decision about the best term insurance plan for 1 crore for you. What are the Benefits of Buying Term Life Insurance Current Health and Risk Scenarios in Term Insurance India is facing a sharp rise in lifestyle, critical illnesses and also a high incidence of accidents and natural disasters. Together, these risks make term insurance one of the most important financial safety tools for every family. Non-Communicable Diseases (NCDs) such as diabetes, hypertension, and cancer account for 55% of all deaths in India. (Source: Ministry of Science & Technology). India has 90 million+ diabetes patients and 15.3% of Indians are prediabetic. (Source: ICMR ) 1 in 3 adults in India suffers from high blood pressure (Source: Ministry of Health and Family Welfare ). 100 out of every 1 lakh Indians are diagnosed with cancer yearly. (Source: Ministry of Health and Family Welfare ). India reported 4.6 lakh road accidents in 2022, causing 1.68 lakh deaths. (Source: Ministry of Road Transport & Highways ) India is one of the world’s most disaster-prone countries where 27 states are disaster prone. (Source: National Disaster Management Authority ) Difference between Term Life Insurance and Whole Life Insurance? Let’s discuss the difference between term life insurance and whole life insurance: What is a Term Insurance Rider? A term life insurance rider is an additional benefit or add-on cover that can be purchased along with the base term plan. These riders can be selected as per your requirements and budget and are added at an extra price to be paid on top of the base premium. There are different types of term riders like a permanent disability rider, an accidental death benefit and a critical illness. Here’s how they work: What are the Types of Term Life Insurance Riders? Let us take a look at some of the important term riders that you can add to your base pure term insurance plan: 01 Accidental Death Rider This rider provides additional payout if the life assured dies because of an accident. This rider provides additional payout if the life assured dies because of an accident. 02 Disability Rider This rider offers extra financial support in the event of a disability. This rider offers extra financial support in the event of a disability. 03 Critical Illness Rider This rider pays a lump sum amount if you are diagnosed with a serious illness (mentioned in the policy documents). This rider pays a lump sum amount if you are diagnosed with a serious illness (mentioned in the policy documents). 04 Waiver of Premium due to Permanent Disability The waiver of premiums due to permanent disability benefits ensures that if the policyholder suffers a permanent disability, all future premiums are waived while the policy remains active. This feature provides financial relief and ensures continued coverage without any additional burden. The waiver of premiums due to permanent disability benefits ensures that if the policyholder suffers a permanent disability, all future premiums are waived while the policy remains active. This feature provides financial relief and ensures continued coverage without any additional burden. 05 Hospicare Benefit Rider Under this term insurance plan rider, the life assured receives a fixed amount for each day spent in the hospital. Under this term insurance plan rider, the life assured receives a fixed amount for each day spent in the hospital. What are the Eligibility Criteria to Buy a Term Insurance Plan? Age : You can buy a best term insurance plan in India if you fall in a bracket of 18 years -65 years of age. Though, it is possible to buy term plan at age 65 and opt for life cover upto 99 years of age. Citizenship : Anyone who is residing in India can buy term insurance plan. The eligibility of the term insurance plan remains the same if the policyholder shifts to abroad for work or academics after buying the plan. Medical Examination : A medical test may be required based on your age, lifestyle habits, health condition, and the sum assured you opt for. Generally, higher coverage (like ₹1 crore or above) or older age groups may need a medical screening before policy approval. Pre-existing Disease (PED) Disclosure : You must disclose any existing medical conditions such as diabetes, hypertension, heart problems, or past surgeries. Term insurance covers pre-existing conditions only if fully declared and accepted by the insurer at the time of policy purchase. Hiding such details may lead to claim rejection later. Lifestyle Habit Disclosure: If you smoke, consume tobacco, drink alcohol, or engage in high-risk activities, you must declare it honestly. Insurers may still offer coverage but with adjusted premiums based on risk. Income and other Documents: For higher sum assured, insurers check income proof (ITR, salary slips, bank statements) to ensure the coverage amount matches your earning capacity. How to buy Term Insurance Online from Policybazaar ? You can buy term plan insurance online by following the below - mentioned steps: Visit Policybazaar and go to 'Term Insurance' plan 02 Fill Details Enter your name, gender, contact number, and date of birth Fill in your smoking habits, educational qualifications, occupation type and annual income 04 Proceed to Pay Select the most suitable plan and proceed to pay Why Buy Term Insurance Online? Purchasing a term insurance plan online is a fast, secure, and convenient way to safeguard your loved ones. The online process is designed to help users select the right plan and complete the purchasing process with just a few clicks, eliminating the need for in-person visits or extensive paperwork. Here are the key benefits of buying your term insurance plan online: 01 Low premiums with high protection Online term plans often come with lower premiums, meaning you can get more coverage for your family without spending more. Online term plans often come with lower premiums, meaning you can get more coverage for your family without spending more. 02 Comprehensive Add-ons Easily opt for add-ons or add riders like accidental death benefits or critical illness coverage to create a plan that perfectly fits your needs. Easily opt for add-ons or add riders like accidental death benefits or critical illness coverage to create a plan that perfectly fits your needs. 03 Convenience at Your Fingertips Buy and manage your policy anytime, anywhere, from your phone or computer. No more appointments or paperwork. Buy and manage your policy anytime, anywhere, from your phone or computer. No more appointments or paperwork. 04 Comprehensive Features Online term plans offer all the same great features as offline plans, including high coverage amounts, riders, and premium waivers. Online term plans offer all the same great features as offline plans, including high coverage amounts, riders, and premium waivers. 05 Wellness Benefits with Added Protection The HDFC Life LivWell rider is an add-on to a base policy that combines wellness rewards with financial protection against death, disability, and hospitalization. It’s linked to a wellness program offering incentives and services like tele-consultations and health check-ups, rewarding you for leading a healthier lifestyle. The HDFC Life LivWell rider is an add-on to a base policy that combines wellness rewards with financial protection against death, disability, and hospitalization. It’s linked to a wellness program offering incentives and services like tele-consultations and health check-ups, rewarding you for leading a healthier lifestyle. What are the 5 Important Life Stages to Buy Term Life Insurance? When you start to earn At the start of your career, with a steady flow of income as salary or from your business, it is important to buy a term life insurance plan to financially protect your loved ones. Starting at an early age gives you the benefit of paying lower premiums. This is also the stage when many people begin planning for FIRE (Financial Independence, Retire Early), where term insurance plays a key role in securing your family while you build wealth. When you start your family With marriage, financial responsibilities might increase for the breadwinner of the family. In case of your unforeseen death, your spouse might go under financial stress if not secured through a term insurance plan. When you become a parent Along with the happiness of being a parent, the responsibilities towards your child increase. Your little bundle of joy will be financially dependent on you, and you must protect the financial future of your child with term life insurance in case of an unforeseen event. When you take a loan A home loan can cause financial stress on your family in case of your demise, as they may not be financially able to pay the EMIs. The payout from a term plan will help your family pay off the loans in your absence. Using tools like the FIRE calculator can also help you balance loan repayments with long-term wealth-building goals. When you move to a new country Life change rapidly when you move to a different country. Term insurance helps financially protect you abroad and your family back in India. Term insurance companies in India provide term insurance for NRIs at affordable rates. Why is the Critical Illness Rider With Term Insurance Important? A Critical Illness Rider with your term insurance is vital. It provides a financial cushion to cover high medical costs and lost income, ensuring you can focus on recovery without draining your family's savings. Let’s understand with these facts why critical illness rider with term insurance is important: Cardiovascular diseases are the leading cause of death in India. A recent study revealed that 50% of heart attack cases between 2020 and 2023 were among adults below the age of 40. Source: The New Indian Express, based on data from various hospitals. Between 2018 and 2022, heart attack cases in India increased by 26%. In 2022 alone, there were 32,457 reported heart attack incidents across the country.* *Source: Annual Report on ‘Accidental Deaths and Suicides in India’, National Crime Records Bureau (NCRB) From 2013 to 2022, cancer cases in India rose by 25%. In 2022, the country reported 14.61 lakh cancer cases, and the numbers are expected to climb to 15.7 lakh by 2025.* *Source: National Cancer Registry Programme, India (Dec 2022) – Published in The Indian Journal of Medical Research, 156(4) Globally, diabetes is a rising cause of death. Since the year 2000, deaths from diabetes have nearly doubled, with the younger population also bearing a significant burden. This condition often leads to other critical illnesses. Source: WHO, based on global and country-specific data. Why Choose Policybazaar to Buy Term Insurance Plans? Dedicated claim support for family We will help and support your family at the time of claim. A personal claim handler from our team of experts will get in touch with your family when the nominee applies for a claim on our website. Discount up to 18.5% for buying online The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents. 100% calls recorded to avoid mis-selling We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to give you the best experience. Advisors available in your city Our advisors are available in more than 110+ cities across India and can help you at your doorstep in understanding the plans and in documentation. Refund at the click of a button In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy. Lowest Price Guarantee ~ Policybazaar guarantees you the lowest price~. These prices are subject to input parameters such as age, medical details, qualifications and other factors required for policy issuance remaining consistent during comparison. How Can I Determine the Right Term Plan Insurance Cover Amount for Myself? Here is how you can determine the right term life insurance cover amount to get enough cover for your family: Simple Guideline: Ideally, you should buy a term insurance with sum assured that is approximately 10-15 times your current annual income. This approach offers an easy and straightforward way of estimating the right life cover amount for you. Human Life Value: The human life value calculator allows you to accurately calculate the suitable term life insurance cover amount. This tool is available free of cost and only requires you to put in your age, annual income, and existing policy cover amount. D.I.M.E.: The D.I.M.E. or the Debt, Income, Mortgage, and Education formula is a unique approach to calculating the right cover amount for your profile. All you need to do is add up the debt, mortgage, and estimated educational expenses of your children, and add that with the product of your current annual income and the number of years you want the coverage for. Let’s understand D.I.M.E example: Debt: Consider all the total liabilities you currently have. Liabilities such as credit card bills and personal loans worth Rs. 10 Lakhs. Income: If the annual income to be of Rs. 25 Lakhs Mortgage: If the amount of home loan is Rs. 1.5 Crore Education: The estimated cost of education for your children is Rs. 25 Lakhs Desired cover amount: 10 + 25 + 150 + 25 = 2.10 Crores. Taking all factors into account, a 2 crore term insurance for the above case would be sufficient. What are the Factors to Consider Before Buying Term Insurance Plan? While buying a term policy, it may be confusing to understand what term life insurance is and how to buy term insurance online. Here are steps that may help you choose the term plan insurance for yourself: Understanding and assessing your and your family’s financial needs is important before selecting a term plan insurance. Your lifestyle involves spending habits and a basic living standard. When you have a clear idea about your lifestyle requirements, you can protect your family more efficiently. Liabilities and debts are other important parameters to keep in mind when choosing the right term life insurance. In case the policy term does not cover the time of repayment of an existing loan or if the amount falls short, it can put a financial burden on your dependents. By adding life insurance term insurance riders, policyholders can enhance the coverage of the term policy to cover life’s eventualities. These can be attached to the base term life insurance plans at the time of purchasing a rider by paying a nominal premium. Term insurance claim settlement is the % of claims settled by an insurance company compared to the total number of claims received in a fiscal year. The IRDAI releases the claim settlement ratio every year. A good claim settlement ratio indicates that the insurance provider has been quick and robust in its claim settlement process. The solvency ratio of a life term insurance plan provider tells us if the chosen insurance provider is financially capable of settling the claims if the requirement arises. As per IRDAI, every insurance company should maintain a solvency ratio of at least 1.5. Go through real customers’ reviews and see their experience with the insurance company. You should opt for an insurance company that prioritizes its customers and strives to resolve their issues at the earliest. You can also take a look at the company’s Persistency Ratio (declared by the IRDAI), to understand how many customers decide to stick with the insurance provider. Take a good look at the policy documents to get a better understanding of the policy details. Ensure that the term life insurance plan benefits fit your requirements. You can also consult your financial advisor to make sure you are clear about all the terms and conditions of the term life policy. Most term life insurance plans offer the policyholder the option of choosing their most suitable benefit payout option. You can select the benefit amount to be paid to your nominee in a lump sum, regular/monthly income, a combination of lump sum + regular income, or increasing monthly income. If you are the main income earner of the family, you might want to consider opting for the regular income options as they can act as the new monthly source of income in case of your unfortunate demise. After selecting a life term life policy and customizing your plan, you basically need to finalize the plan. You can buy term insurance online easily in minutes by entering a few details and making a secure payment to buy term plan online. Yes, Indian citizens living outside India can buy Policybazaar term insurance for NRI from an Indian insurance provider. 5 benefits of buying NRI term insurance plan in India: Get large life cover up to ₹ 10 Crores at affordable premium rates. Buy term insurance online from India by scheduling medicals via video or call. Receive an additional 5% discount on premiums in annual mode. Get coverage that continues, no matter where you are in the world. With the special exit option, you can exit the term life insurance policy at a specific stage and receive all the premiums paid. Claim support for your family in those difficult times Get Claim Assistance Card Free Expert Counselling and Guidance On Ground Support in 110+ Cities Free Documents Pick-up Worth Claim Settled ₹3,017 Crore Special Support Team of 500+ Agents What is Covered and Not Covered in Term Insurance? Covered in Term Insurance Death due to natural calamities Death due to medical issues Death due to an accident such as road accidents, workplace accidents Death due to Covid-19 Death due to terminal illness Not Covered in Term Insurance Death due to suicide is not covered in the 1st year Death due to self-inflicted injuries or illegal activities/homicide Death due to accident under the influence of drugs/alcohol Death due to undeclared pre-existing illnesses Death due to pregnancy or childbirth We help you choose the insurance based on your need How Long Should the Term Insurance Policy Period Be? The term insurance policy term should be enough to cover your financial dependents in your absence. For example, if you have kids who will earn in the next 20 years, you can buy a term insurance plan with a 20 year policy term. Similarly, if you plan on retiring at 60, you can opt for a term policy with a premium pay term till 60 years, as then you won’t have to worry about premium payments in your non-earning years. However, if you want to ensure that your dependent spouse lives a financially independent life in your absence, you can opt for a term plan that covers till 99/100 years of age. What are the 5 documents required to Buy a Term Life Insurance Plan? Statement of the bank showing credit of salary for last 3 months Last 2 years Income Tax Returns Recent year Form 16 Last 2 years Income tax returns which are not filed in the same year, along with income computation Last 2 years of balance sheet and loss/profit document validated by CA. What are the KYC documents required to verify Term Insurance? Below is a list of KYC documents which are required to verify a term insurance contract between the insurance company and the legal entity: HUF Registration Certificate PAN card of HUF PAN card of HUF karta KYC documentation of HUF Karta Beneficiary’s PAN Incorporation Certificate Company or Master Policyholder’s PAN Copy of Power of Attorney

Declaration form of Beneficiary KYC documents of Beneficiary Registration Certificate Partnership Firm’s PAN Beneficiary’s PAN Partnership Deed Copy of power of attorney Duly signed and stamped consent form by all partners regarding the premium amount to be paid Declaration form of Beneficiary Trust deed in foundations and trusts KYC documentation of all the insurance plan’s participants PB Guideline: Keep clear mobile photos or PDF scans of the documents required to be uploaded when buying term insurance online. Common Mistakes People Make When Buying a Good Term Insurance Many people make several mistakes when they buy term insurance online. Let us take a look at some of the most common mistakes people make when buying term insurance in India: Buying at a Later Age: Many people put off buying term insurance, thinking the premiums are low enough to be bought whenever. But they often forget that the term insurance premiums increase with age. Not only that, but as you age your health might deteriorate which may end up increasing your term premiums. Insufficient Life Cover: Insufficient life cover can lead your family still financially vulnerable even after the policy payout. This means, suppose you had a loan for 50 lakhs and a term policy for 50 lakhs as well. On your unfortunate death, the insurer will payout the 50 lakhs and your family can pay off the loan. But after the payout, your family might struggle financially in the absence of the main income earner. Not Adding Riders: By not adding riders, you may be depriving yourself and your family of some added financial benefits at nominal costs. For example, adding a critical illness rider will pay an additional amount in case you are diagnosed with a critical illness. Similarly, there are several more riders like terminal illness, accidental death, accidental disability, and parent income riders that are available in India. Sharing Incomplete Details: Sharing incomplete information at the time of filling out the application form can lead to your family’s claim being rejected in your absence. Not only that, but by providing not enough information, you could miss out on additional benefits like discounts for existing customers. Buying Term Plans Offline: Buying best term life insurance plans from agents can lead to a higher premium because of agent commission being included in the premiums. Buy term insurance online to avail lower premiums, easy comparison, and unlocking special discounts that may only be available online. How to File Term Insurance Claim From Policybazaar? We, at Policybazaar offers seamless 100% dedicated claim assistance and offers end-to-end support. This process of filing claim includes five main steps: Step 1: Report the Claim Reach out to us at 1800-258-5881 or email claims@policybazaar.com to notify us about the claim. You can also submit your claim request online by visiting the ‘Claims’ section on the Policybazaar website. Step 2: Share Policy Information Provide details such as the policy number, policyholder’s name, date, and cause of death. If the policy was purchased through Policybazaar, we already have your policy records on hand to speed up the process. Step 3: Submit the Required Documents Our claims team will inform you about the documents needed for your case. Depending on the insurer’s requirements, you can either upload scanned copies or share physical documents with us. Step 4: Insurer Review & Processing We will coordinate directly with the insurance company on your behalf. The insurer will verify the documents, and once everything is in order, they will approve and process the claim. Step 5: Claim Settlement After approval, the claim amount will be transferred directly to the nominee’s bank account. Our team will keep you updated throughout the process and ensure full transparency. Here is a list of some important term plan terminologies that you should know: Premium is the amount of money the policyholder has to pay in return to receive the pure term insurance plan benefits and coverage for the entirety of the policy term. Sum Assured is the amount that the nominee/beneficiary will receive in case of an unforeseen event. CSR in term life insurance is the ratio of death claims paid/settled divided by applicable death claims received or decided. A higher CSR reflects better reliability and lower chances of claim rejection. Death benefit is the same as SA and is provided to the nominee in case of uncertainty. The insurance provider will payout the death benefit to the nominee if the policyholder suffers an untimely death during the policy term. At the end of the policy term, with regular term plans, the insurance policy just terminates, and no benefit is payable. But, with Term insurance return of premium plans, you can claim all the premiums paid towards the policy at the maturity of the policy. The nominee or the beneficiary is the person chosen by the policyholder as the rightful claimant of the death benefit in the absence of the policyholder. The policy term is the duration for which the insurer will provide the policyholder with the life cover and the policy’s benefits in exchange for the life term insurance premiums paid regularly. It is the duration for which the policyholder has to pay the term plan premiums. Most term life insurance plans offer single, limited, and regular premium payment terms for you to pay at your convenience. Riders are the additional benefits you can include in your base term plan to increase its coverage. The available riders are different for each insurance plan and can be added at an extra amount to the base term plan premium. Grace period is the additional period provided by the insurance provider after the term plan premium due date to pay the premiums without worrying about policy lapsing. FAQs About Term Insurance Plans Coverage and Tenure Ans. There is no such universal sum assured amount, but typically, you need 10 to 20X your annual income for buying a right term insurance coverage. Some insurance companies offer plans that start at just Rs. 5 Lakhs or Rs. 10 Lakhs. Ans. If your term insurance plan expires when you are still alive, your insurer will inform you that your life insurance cover has terminated, and you do not have to pay premiums. Ans. The right age to buy term insurance plan is when you are young, generally starting from your 20s. Ans. Yes. A free look period is a 30 days timeframe starting from the insurance policy receipt. Under this period, a new policyholder can end the plan and get a refund of the first premium amount paid. Ans. No. Term insurance are generally non-refundable when you survive the policy term. However, you can get money back with different variants such as Term return of Premium, Zero cost term insurance plan. Ans. There is no one No.1 term insurance company because it depends on your financial needs but some insurers have good claim settlement ratios and trust with brands which are the most important parameters for choosing a best term insurance company. Ans. Yes, term insurance is covered under 80C. With term insurance tax benefits under 80C, you can claim tax benefits up to Rs. 46,800 per the prevailing tax laws. However, it is suggested that you consult with your financial advisor to check the applicable term insurance plan tax benefits for your profile. Ans.The difference between term insurance and life insurance is that term insurance offers pure risk protection, and no investment benefits in regular term plans, and life insurance plans offer both insurance and wealth creation benefits. To make the difference between term insurance and life insurance easier, here is a table listing the benefits of both types of plans: Ans. Yes, term insurance is good if your main requirement from your insurance plan is your familys financial protection in your absence. These plans are good as they allow you to secure a large life cover like 50 Lakhs, 1 Crore, and 2 Crores, at highly affordable premiums starting at just Rs. 400 per month for a 1 Crore term insurance cover. Ans. The 3 year rule in term insurance simply means an insurance provider cannot deny a claim for non-disclosure or misrepresentation after a plan has been active for about 3 consecutive years from its revival, rider, or addition of riders. Ans. Yes, Housewives can buy term insurance plans. With this plan, she can protect her family financially in case of an unfortunate event. Ans. Giving wrong information while buying a term plan leads to rejection of claims or cancel the plan after the death of the policyholder. Ans. Yes, You can buy multiple plans to make sure that your family members can achieve their life goals in case of an unfortunate event. Ans. If you become an NRI after buying a term insurance plan, you should inform your insurer about this shift. The insurer will then confirm whether they will keep your plan active or not. Generally, they keep policy active as long as you pay a premium on time. Ans. Yes, term insurance does depend on salary and annual income. Your current salary and annual income can impact the available term insurance, premiums, eligibility for rider additions, and more. It is better to consult with your insurance advisor to see the impact of your salary on term insurance plans. Ans. Yes, most term insurance plans require you to undergo medical tests either physical, via tele, or video channels. However, there are certain term insurance without medical exams available that allow you to buy term plans online without undergoing medical tests. Ans. Here is a list of documents required to buy term life insurance plans: Identity Proof: Passport, Voter ID, Aadhaar Card, PAN Card Address Proof: Electricity, telephone, gas, or water bills not more than 2 months old, property tax receipt Medical Proof: Latest medical reports allocated by the insurance provider Income Proof: Statement of the bank showing credit of salary for last 3 months Last 2 years Income Tax Returns Recent year Form 16 or Last 2 years Income tax returns which are not filed in the same year, along with income computation Last 2 years of balance sheet and loss or profit document validated by CA. Form 26 AS Statement of the bank showing credit of salary for last 3 months Last 2 years Income Tax Returns Recent year Form 16 Last 2 years Income tax returns which are not filed in the same year, along with income computation Last 2 years of balance sheet and loss or profit document validated by CA. Ans: Yes, adding a rider with term insurance is good as they can enhance the base cover of your term life insurance plans. With these term riders, you can get coverage against terminal and critical illnesses, accidental death and disability, and more. Ans: The difference between rider and coverage is that the rider is available at additional cost paid along with the base premium and the coverage is provided with the base plan and can be enhanced by adding suitable riders to the plan. Ans: Waiver of premium in term insurance refers to the add-on benefit available with term plans that waives off all the future premiums in case of diagnosis of a covered critical illness or accidental total and permanent disability. Here is how you can determine how much term insurance you need: Assess your annual income, monthly expenses, and familys future expenses. Calculate the remaining loans and debts your family will have to pay in your absence. Analyse the potential inflation and future goals like planning for your childs wedding. 50 lakh term insurance is a term plan that offers the sum assured on 50 lakh to the policyholder's nominee on the policyholders death. With this 50 lakh term policy payout, your family can take care of their financial needs, such as paying rent, childs fees, the child’s future wedding, and other goals, like secure retirement for your spouse. Term insurance covers the policyholder for the entire policy term and financially protects the policyholder's family by paying the death benefit in case of the policyholders death. Along with the base death benefit, the policy also covers terminal illnesses, critical illnesses, accidental death, and accidental disabilities, in addition to term insurance riders. Ans: Yes, term insurance does pay after maturity, but only in term insurance with return of premium plans. These plans return the premiums paid during the policy tenure, and other charges. You can use this amount for survival to care for your post-retirement years. Ans: Term insurance ends at the end of the policy term selected when buying the policy. You can choose for the term insurance to end at retirement, so you are not burdened with premium payments when you are no longer earning. You can also choose to exit the plan early at a specific stage and receive all the premiums paid back with the special exit benefit. Ans: No, in term insurance with return of premium plans, the premiums will be returned, excluding GST and other nominal charges. Ans: If you stop paying the premiums for your term insurance plans on your payment due date, the policy will go into the grace period. Once the grace period is complete, and you still have not paid the outstanding premium, the policy will lapse and will no longer provide coverage unless revived. Ans: We need to pay the premiums for a term insurance policy for the entire premium payment term selected at the time of policy purchase. At your convenience, you can choose the suitable premium pay tenure from limited pay, regular pay, and single pay terms. Ans: No, you cannot cash out a 20 year term life insurance policy, as they do not have cash value accumulation benefits. The cost of term insurance in India depends on your age, gender, and other such factors. It mainly depends on the type of term insurance, the sum assured and the policy term of your choice. For example, the 1 crore term insurance starts at just Rs. 400 per month. Ans. Smoking increases the term insurance premiums applicable for your profile as smoking can increase the mortality rates as they can lead to severe lung diseases and cancer. However, this means that term insurance is all the more important for smokers, as their life expectancy is decreased due to smoking. Ans. No, term insurance premium do not increase every year for most types of term insurance plans. However, the premiums may increase if you have purchased a special variant of a term plan that has increasing cover, and the annual rise of premiums is mentioned in the plan details and policy documents. It is better to check the policy documents thoroughly to check the potential rise of premiums each year. Ans. No, the term insurance premiums are not tax exempt, but you can claim term insurance tax deductions on the premiums paid under section 80C of the Income Tax Act, 1961. You can claim the applicable tax benefits as per the prevailing tax laws. Ans. The term insurance premium calculator allows you to calculate the estimated premiums you will need to pay for the desired life cover. You simply need to select your age, gender, and tobacco consumption habits, choose the right life cover and cover till age, and the lowest applicable premiums will be displayed on the screen. Ans. Yes, you can use the term insurance premium calculator without personal information like name, annual income, and other legal documents like your Aadhaar card or PAN card details. You can easily provide your required sum assured and policy term along with age, gender, and smoking habit details, as these can affect your term insurance premiums. Ans. A term insurance with return of premium plan is a type of term insurance that offers a death benefit in case of the policyholder death during the policy term, and in case of survival, the plan returns all the premiums paid throughout the policy term. This plan takes care of your family in your absence with the death benefit and allows you fulfil your financial needs in case you outlive the policy term. Your family can use the death benefit to take care of rent, child fees, and other financial obligations like loans. You can receive all the premiums paid and use them to take care of your retirement or fulfill any other goals you may have for your future, like funding for your child wedding or paying for their higher education. Your nominee can easily claim term insurance after death by following the below steps: Initiate the claim: If you purchased the term insurance policy from the insurance company, your nominee needs to initiate the claim with the insurer by submitting the claim form. However, if you have purchased the policy from policybazaar, you can simply contact your relationship manager to initiate the term insurance claim. Submit the Documents: After initiating the claim with the insurer, your nominee must submit the required documents like death certificate, policy documents, medical records, bank details, and KYC details. With policybazaar, your claim assistance person will handle all the on-ground support and document submissions for you. Verification and Disbursal: The insurance company will pay out the death benefit to your nominee bank account on successful verification of all the documents and details provided. Ans. The most common term insurance claim rejection reasons are as follows: Suicidal deaths within the 1st policy year. Death due to pre-existing conditions undisclosed at the time of policy purchase. Policyholder death wherein the nominee is involved. Death due to adventure activities like racing, paragliding, and others. Death due to undisclosed childbirth or pregnancy. Death due to consumption of excessive drugs or alcohol. Ans. Yes, we can claim 2 term insurance from two companies. Your nominee needs to inform both the insurance companies of your death, submit the required documents, and on successful verification the death benefit will be paid. Ans. Yes, term insurance can be claimed under 80D of the Income Tax Act, 1961, as per the prevailing tax laws. However, term insurance under 80D can be claimed only if the policy has health riders like hospicare benefits, critical illness, and more. Ans. No, term insurance claim amount is not taxable. The death benefit is exempt from taxes under Section 10(10D) of the Income Tax Act, 1961. You should check with your financial advisor to see your policy applicable term insurance tax exemptions. Ans: To answer how much term insurance can I buy in India, insurers typically offer term cover up to 15 to 20 times your annual income, depending on your age, income source, and existing policies. You can estimate how much term insurance do I need by calculating to get the approximate premiums for your profile. For high-income individuals, sum assured options can go up to Rs. 5 Crore or even ₹20 Crore. Insurers may ask for income proof (like ITR, salary slips) to approve higher coverage. Key Takeaways - Term Life Insurance Additional Riders Cover against Critical Illnesses Payment Flexibility Benefits Offered Long-term Cover Types Of Term Plans Regular Term Plan Term Return of Premium Plan No-cost Term Plan Term Insurance Articles Popular Articles ICICI Pru iProtect Smart Her Term Plan ICICI Pru iProtect Smart Her is a term insurance variant offered Canara HSBC Life Insurance Promise2Secure Canara HSBC Life Insurance Promise2Secure is a non-linked NRI Home Loan Interest Rates 2026 NRI home loan interest rates in India currently range from 8.40% ICICI Pru iProtect Care ICICI Pru iProtect Care is a comprehensive term insurance plan Tata AIA Life Insurance Launches Student-Focused... Tata AIA Life Insurance has launched a student-focused term Calculate Term Insurance Premium Online in India... Term Insurance Calculator Term insurance is a free online tool that helps you estimate your term insurance premium Home Loan Insurance Calculator: Estimate Your... A home loan insurance calculator, also called a mortgage loan insurance calculator, is an easy-to-use online tool Buy Best ₹1 Cr Term Insurance Plan Online A ₹1 Crore term insurance plan provides a high life cover at a highly affordable premium. If the policyholder Claim Settlement Ratio of Term Insurance Plan... Term Life Insurance Claim Settlement Ratio (CSR) is an important parameter to be considered when choosing a term Policybazaar Launches Student Term Plan for Young Indians Policybazaar has launched a dedicated Student Term Plan for... Amit Shah Announces Cooperative Life Insurance Company to Deepen... The Government of India has announced plans to establish a... PM Modi Announces ₹2 Lakh Ex-Gratia for Udhampur Accident Victims A devastating road accident in Jammu and Kashmir’s Udhampur... NRI Term Insurance Demand Doubles in Two Years Amid West Asia... Demand for term insurance among NRIs has doubled over the last... Bandhan Life Launches iTerm Elite: A Flexible Term Plan with... Bandhan Life Insurance has launched its new term insurance... A Different Experience From What I Expected "I had previously avoided term insurance because I thought agents would simply push the most expensive plan. My experience through Policybazaar was different. I explained my budget and family responsibilities, and the agent showed me options accordingly. We discussed the base cover, additional protection and claim-related requirements. I eventually selected an IndiaFirst Life plan that I felt comfortable continuing long term." The Claim Process Was Explained Before I Bought "One thing I specifically asked about was the claim process because I didn't want to buy a policy without understanding what happens later. The Policybazaar agent explained the basic claim procedure and the importance of providing accurate information while purchasing the policy. I chose Canara HSBC Life after comparing the options. The agent also helped me understand the available rider choices before completing the application." Helpful When I Was Comparing Premiums "My first priority was finding a premium that I could comfortably continue for many years. I compared several plans on Policybazaar and spoke with an agent before choosing Kotak Mahindra Life. We discussed the coverage, policy duration, riders and what my family would need to do in case of a claim. I appreciated that the conversation wasn't only focused on the premium amount." I Wanted Protection Beyond Just Life Cover "I was looking for a term plan that could provide more than basic life protection. After comparing options on Policybazaar, I discussed additional riders with the agent and opted for the ones that made sense for my situation. The accidental disability and critical illness options were particularly relevant to me. The agent didn't pressure me to add everything and explained the purpose of each option." I Bought It Mainly for My Children "My main concern was making sure my children's education doesn't get affected if something happens to me. I spoke to a Policybazaar advisor about different coverage options and eventually went with Tata AIA. We also discussed riders and the importance of keeping nominee details updated for a smoother claim process. It wasn't just about buying a policy; I understood much better why the cover was needed." Glad I Added Critical Illness Cover "I initially planned to buy only basic term insurance, but while discussing my requirements with the Policybazaar agent, I learned about the critical illness rider. After understanding how it works, I decided to include it in my ICICI Prudential plan. The agent also explained what documents are generally required during a claim. That extra clarity gave me more confidence in the purchase." The Agent Cleared All My Doubts "I had been looking at term insurance for a while but was confused about how much cover I actually needed. I checked plans on Policybazaar and spoke with their agent. He explained the policy term, claim process and available riders in simple terms. I finally selected HDFC Life with the coverage that suited my family. The guidance made the whole experience much easier." Finally Got My Term Insurance Sorted "I had been putting off buying term insurance for months. I eventually compared plans on Policybazaar and decided on an Aditya Birla Sun Life plan. The agent explained the process and helped me complete the documentation and other formalities. Glad I finally got it done." Agent Was Available When I Needed Help "I bought my IndiaFirst Life term plan through Policybazaar. What I liked was that the agent stayed in touch during the application process and helped whenever I got stuck. From submitting documents to completing the medical requirements, the process was fairly hassle-free." Convenient Online Purchase "I wanted to buy term insurance online and found the comparison process on Policybazaar convenient. After selecting a Canara HSBC Life plan, the agent helped me complete the application and guided me about the documents required. Everything went without much back and forth." Explore the popular searches and stay informed 1 Crore Term Insurance Best Term Insurance Plan Term Insurance for Women Term Insurance for NRI Term Insurance Calculator Term Insurance with Return of Premium Whole Life Insurance Term Insurance vs Life Insurance What is Term Insurance Life Insurance Calculator 5 Crore Term Insurance 2 Crore Term Insurance Term Insurance for Housewife Benefits of Term Insurance Term Insurance Terminology Medical Tests for Term Insurance Term Insurance for Self Employed Claim Settlement Ratio 10 Crore Term Insurance Term Insurance for Smokers 1.5 Crore Term Insurance Zero Cost Term Insurance Insurance Advisor Home Loan Insurance Home Loan Insurance Calculator FIRE Calculator ˜ The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in ˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us. +On the basis of your profile +Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10 +Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10 +Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10 +Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10 +Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age. +Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age. +Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age. +Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age. +Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age. *The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy. +Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10 Prices offered by the insurer are as per the IRDAI approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881 For more details on risk factors, terms and conditions , please read the sales brochure carefully before concluding a sale Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027 , License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers. © Copyright 2008-2026 policybazaar.com . All Rights Reserved Have Not Paid Yet(Sales) 1800-419-7717 Have Already Paid(Service) 1800-258-5970 For NRI’s +91 124-6656507 General Insurance Car Insurance Bike insurance Motor Insurance Third Party Car Insurance Third Party Bike Insurance Travel Insurance Commercial Vehicle Insurance Motor Insurance Third Party Car Insurance Third Party Bike Insurance Travel Insurance Commercial Vehicle Insurance Life Insurance Life Insurance Life Insurance Calculator Life Insurance Companies Life Insurance for Parents Whole Life Insurance Life Insurance for NRI Income Replacement Life Insurance Calculator Life Insurance Companies Life Insurance for Parents Whole Life Insurance Life Insurance for NRI Income Replacement Term Insurance Term Insurance Best Term Insurance Plan Term Insurance for NRI Best Term Insurance Plan for 1 Crore Term Insurance for HNI Term Insurance with Return of Premium Term Insurance for Women What is Term Insurance Term Life Insurance Benefits Insights Best Term Insurance Plan Term Insurance for NRI Best Term Insurance Plan for 1 Crore Term Insurance for HNI Term Insurance with Return of Premium Term Insurance for Women What is Term Insurance Term Life Insurance Benefits Investment Investment Plans Investment Plans for NRIs Child Plans Gift City Investment Pension Plans ULIP Plans Best SIP Plans Money Back Policy Endowment Policy Guaranteed Return Plans LIC Tax Saving Plans Saving Plan Investment Plans Investment Plans for NRIs Gift City Investment Money Back Policy Endowment Policy Guaranteed Return Plans Tax Saving Plans Health Insurance Health Insurance Health Insurance for Family Senior Citizen Health Insurance Health Insurance for Parents Best Health Insurance Plans Maternity Insurance Mediclaim Policy Critical Illness Insurance Health Insurance Health Insurance for Family Senior Citizen Health Insurance Health Insurance for Parents Best Health Insurance Plans Maternity Insurance Mediclaim Policy Critical Illness Insurance Other Insurance Home Insurance Group Insurance Group Health Insurance Marine Insurance Cargo Insurance Fire Insurance Shopkeepers Insurance Office Insurance Professional Indemnity Insurance Doctors Indemnity Insurance Workmen Compensation Policy Comprehensive General Liability Cybersecurity Insurance Directors & Officers Liability Insurance Contractors All Risk Insurance Surety Bond Contractors Plant and Machinery Insurance Erection All Risk Insurance Business Insurance Cancer Insurance Home Loan Insurance Home Loan Emi Calculator Group Insurance Group Health Insurance Marine Insurance Cargo Insurance Shopkeepers Insurance Office Insurance Professional Indemnity Insurance Doctors Indemnity Insurance Workmen Compensation Policy Comprehensive General Liability Cybersecurity Insurance Directors & Officers Liability Insurance Contractors All Risk Insurance Contractors Plant and Machinery Insurance Erection All Risk Insurance Business Insurance Cancer Insurance Home Loan Insurance Home Loan Emi Calculator Investment Calculators SIP Calculator NPS Calculator Compound Interest Calculator Compound Interest Calculator Fitness Calculators BMI Calculator Ideal Weight Calculator Calorie Calculator BMR Calculator Body Fat Calculator Ovulation Calculator Pregnancy Calculator Pregnancy Conception Calculator Pregnancy Weight Gain Calculator Due Date Calculator Macro Calculator Ideal Weight Calculator Calorie Calculator Body Fat Calculator Ovulation Calculator Pregnancy Calculator Pregnancy Conception Calculator Pregnancy Weight Gain Calculator Due Date Calculator Macro Calculator Income Tax Calculator Term Insurance Calculator Life Insurance Calculator Health Insurance Calculator Travel Insurance Calculator Car Insurance Calculator Bike Insurance Calculator Customer reviews Insurance companies Consumer Insights Legal & Admin policies Verify your advisor Investor Relations Payment Methods Policybazaar Insurance Brokers Private Limited CIN: U74999HR2014PTC053454 Registered Office - Plot No.119, Sector - 44, Gurugram - 122001, Haryana Tel no. : 0124-4218302 Email ID: care@policybazaar.com Policybazaar is registered as a Composite Broker | Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers.Product information is authentic and solely based on the information received from the insurers. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. © Copyright 2008-2026 policybazaar.com. All Rights Reserved.