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1 Crore Term Insurance

Ever thought about whether a 1 Crore term insurance plan is right for you? It's normal to wonder if we really need that much coverage. With life being unpredictable and costs going up, it's smart to figure out how much financial protection we might need.

Beyond its economic worth, the best term insurance plan for 1 Crore represents a dedication to safeguarding your family's future by providing them with the resources they need to overcome obstacles in life.

If this excites you to learn more about the 1 Crore term insurance then we have got your back. Here we will discuss this hefty amount insurance plan including what exactly it is, why it matters, and if it's right for you!

Get Term Plan Coverage of 1 Crore Starting From Just ₹16/Day*
Get Term Plan Coverage of 1 Crore Starting From Just ₹16/Day*
  • Tax Benefit
    Tax Benefit
    Up to 1,50,000**
  • Claim Support
    Claim Support
    Everyday 10AM-7PM
  • 45 Lacs+
    45 Lacs+
    Happy Customers

*Standard Terms and Conditions Apply.

**Tax benefits are subject to changes in Income Tax Act.

Find the right term insurance for you

Best Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
2.5 Crore
    Tax Free
    1 Cr
Starting From 697/Month
Claim Settlement 4hr Claim Settlement
Key Features:
  • Right Green Tick Annual Health Checkup
  • Right Green Tick Terminal illness
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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

What is a 1 Crore Term Life Insurance Policy?

A 1 Crore term insurance policy is a type of life insurance plan that offers substantial protection to the policyholder's family. In straightforward terms, if the insured person passes away during the policy term, the insurance company disburses a sum assured of Rs. 1 Crore to the beneficiaries mentioned in the policy. This payout, known as the death benefit, provides financial support to the family in the event of the policyholder's demise. It's important to note that the policyholders typically need to pay a higher premium in exchange for this significant life insurance benefit.

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Key Features of 1 Crore Term Insurance Plan

The key features of the best term insurance plan for 1 Crore are highlighted below:

  • Cost-Effectiveness: A crucial feature of Rs. 1 Crore life insurance plans is their cost-effectiveness. Unlike other life insurance products that may include savings or investment components, term plans focus solely on providing life cover. This sole purpose allows insurance companies to offer these plans at more affordable premiums.
  • Enhanced Coverage: Rs. 1 Crore term insurance plans offer policyholders the flexibility to enhance their coverage through additional riders. These riders, namely critical illness, accidental death, and premium waiver, can be integrated into the base term plan. While these riders provide supplementary benefits, they do involve an extra premium. However, this customisation ensures that policyholders can tailor their policies as per their specific needs.
  • Attractive Discounts: Term insurance companies provide amazing discounts and rebates to their customers for purchasing high-sum assured plans. Choosing a Rs. 1 Crore life insurance plan often qualifies individuals for such benefits. These discounts not only make the plan more financially feasible but also encourage individuals to prioritise substantial coverage.
  • Long-term Protection: Another significant feature of Rs. 1 Crore term insurance plans is their ability to provide long-term protection. These plans are designed to ensure financial security for the policyholder's family over an extended period. In the unfortunate event of the policyholder's demise during the policy term, the nominated beneficiaries receive the assured death benefits. This extended protection makes these plans suitable for individuals who wish to guarantee ongoing financial support for their loved ones, even in their absence.
  • Premium Payment Flexibility: Policyholders enjoy flexibility in choosing their 1 Crore term insurance premium payment terms. Whether opting for monthly, quarterly, half-yearly, or yearly payment intervals, individuals can select a mode that aligns with their financial preferences and capabilities. This flexibility enhances the accessibility of term insurance.

List of Best 1 Crore Term Insurance Plans in 2024

The table below highlights some of the best 1 Crore life insurance plans in India:

1 Crore Term Insurance Plan

Entry Age

Maturity Age

Sum Assured

Kotak E-Term Plan

18- 65 years

23- 75 years

Rs. 25 lakh- 1 crore

Tata Life Sampoorna Raksha Supreme

18- 65 years

23- 100 years

Rs. 50 lakh- no limit

LIC New Tech Term Plan

18- 65 years

N/A- 80 years

Rs. 50 lakh- no limit

HDFC Life Click 2 Protect Plan

18- 65 years

28- 75 years

Rs. 20 lakh- no limit

Max Life Smart Term Plan

18- 60 years

N/A- 80 years

Rs. 10 lakh- no limit

Bajaj Allianz Life Smart Protection Goal

18- 65 years

N/A- 85 years

Rs. 50 lakh- N/A

Benefits of 1 Crore Term Insurance Plans

The benefits of purchasing Rs. 1 Crore term insurance plans are enlisted in the section below:

  • Early Savings: One of the notable benefits of Rs. 1 Crore term insurance plans is the opportunity for early savings. With eligibility starting from 18 years and above, term life insurance allows individuals to initiate their savings journey from a young age. This early initiation of savings contributes to long-term financial stability.
  • Financial Security: Another critical benefit of a Rs. 1 Crore term insurance plan lies in providing strong financial security to the policyholder's loved ones. In the unfortunate event of the policyholder's death during the policy term, the insurance company disburses a death benefit equal to the chosen sum assured. This payout offers financial support to dependents and ensures they are protected from potential financial hardships.
  • Peace of Mind: The untimely death of a policyholder can introduce significant financial challenges for dependents. However, by opting for a high sum assured term life insurance plan, such as Rs. 1 Crore term insurance plan, individuals can provide peace of mind to their loved ones during difficult times.
  • Comprehensive Protection: Rs. 1 Crore term insurance plans offer policyholders the option to enhance coverage by adding riders. These riders, such as critical illness, accidental death, and premium waiver, contribute to comprehensive protection. By customising term plans with additional riders, policyholders can address their specific needs and potential risks.

How 1 Crore Term Insurance Plans Work?

Rs. 1 Crore term insurance plans work just like other life insurance products. The insurer provides a death benefit to the nominee in the event of the demise of the life assured. Let’s understand the workings of 1 Crore term plans with an example.

EXAMPLE: Rajat is an engineer working for an IT firm. He used to live in a rental with his family. But recently, he took out a house loan to buy his dream home. After two years of taking a loan, Rajat had a heart attack and was declared dead. Since he is the only breadwinner in the family, he bought a Rs. 1 Crore term insurance plan to financially secure his family. So, after the demise of the Rajat, the nominees for the term life insurance policy can claim the policy. Additionally, all the loans and debts of the Rajat will be borne by an insurance provider.

Who Should Buy a 1 Crore Term Insurance Plan?

As stated above, term insurance plans with a high sum assured will secure your family against all financial contingencies. Though Rs. 1 Crore term plans are beneficial for all, still the people listed below must highly focus on buying them. These individuals include:

  • People with many dependents like parents, children, spouses, and more
  • People with limited income and huge financial commitments
  • If you have loans or debts that may cause financial hardship for your loved ones after your demise
  • Individuals who want to ensure a financially safe future for their dependents


Opting for a best term insurance plan for 1 Crore is a substantial step in safeguarding your family's future. As we've explored here, understanding the basics and benefits of such a plan is crucial. While Rs. 1 Crore might sound like a significant amount today, but considering inflation and future financial needs will provide more clarity. We at InsuranceDekho always recommend you to do your research, consult our experts if needed, and choose a plan that aligns with your family's aspirations. Remember, it's not just about protection; it's about ensuring your loved ones even in your absence.

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FAQ About 1 Crore Term Insurance

  • Why should I consider buying term insurance?

    If you're the main breadwinner, term insurance can help ensure your family is financially okay if you're not around. It can cover things like bills, loans, and everyday expenses, giving you peace of mind.

  • How long should my 1 crore term insurance last?

    It depends on your needs. Some pick a term that lasts until their kids are adults or until they retire. Others might choose a term that covers their biggest loan, like a mortgage. Think about what big expenses you want to cover and pick a term plan that suits your requirements.

  • How much does 1 crore term insurance cost?

    The cost, or 'premium' of 1 Crore Term Insurance plan depends on a few things that involve your age, health, the term length, and the payout amount. Younger folks and those in good health usually get better rates. But it's always a good idea to shop around and compare.

  • Can I change my mind after getting a policy?

    Most insurance companies offer a 'cooling-off' period. It means if you change your mind shortly after buying, you can cancel and get any money back. But after that, if you stop paying, your coverage usually just ends.

  • What happens at the end of the policy term of my 1 crore term insurance policy?

    Once the term ends, so does the coverage. You won't get any money back. If you still want coverage, you'll have to get a new policy. And please note that as you'll be older then, it might cost you more.

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