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5 Crore Term Insurance Plan

Rs. 5 Crore Term Insurance Plan can help you support your family in fulfilling their life goals without having any financial concerns in mind. The policy will support your loved ones in your absence through its various benefits, one being tax benefits.

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
See More Plans

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Term insurance is the ultimate solution to financial security. Any individual who wishes their family to stay away from financial issues after they are no longer provide must opt for term insurance. Highly beneficial in supporting a child's higher education, marriage and more life goals, term insurance ensures that an unfortunate death in the family doesn’t leave other members financially stressed.

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What is Rs. 5 Crore Term Insurance?

Individuals with a vast set of responsibilities often choose plans with a high sum assured. If you have a wide range of financial goals to fulfill or you want your family to attain their goals without finance becoming a hindrance, consider choosing Rs. 5 Crore term insurance. Rs. 5 Crore term insurance is quite popular among many individuals due to the multiple benefits attached.

Rs. 5 Crore Term Insurance is a term insurance plan that offers a sum assured of Rs. 5 Crore. Note that in the case of the unfortunate death of the policyholder, the sum assured is paid as a death benefit to the family or beneficiary nominated by the policyholder. Rs. 5 Crore Term Insurance plan is the absolute support system that one can have during an already trying time. One of the best features is that while the sum assured amount for the plan may be high, the premium is quite low.

Best Rs. 5 Crore Term Insurance Plans

Below is the list of the five best Rs. 5 Crore term insurance plans. Please note that the plan details may vary as per the variant chosen -



Min. & Max. Entry Age

(in years)

Max. Maturity Age

(in years)

Policy Term

(in years)

Min. Sum Assured

(in Rs.)



Bharti AXA Premier Protect Plan




50 Lakh

Annual, Semi-annual, Quarterly, Monthly

Single Pay, Limited Pay (5, 10 Years),

Regular Pay

Aegon iTerm




25 Lakh

Annual, Half-yearly, Quarterly, Monthly

Single Pay, Regular Pay, Limited Pay, One-time Payment

Max Smart Secure Plus





Annual, Half-yearly, Quarterly, Monthly

Single Pay, Regular Pay, Limited Pay (5, 10, 12, 15 Years), Pay Till 60 Years

Edelweiss Tokio Simply Protect




25 Lakh

Single, Annual

Single Pay, Limited Pay (5, 10, 15, 20 Years), Regular Pay

HDFC Click 2 Protect Life


Whole life

10 - Whole life


Annual, Half-yearly, Quarterly, Monthly

Single Pay, Limited Pay, Regular Pay

*Premium Payment Mode, **Premium Payment Term.

1. Bharti AXA Premier Protect Plan

Premier Protect Plan by Bharti AXA is a non-linked, non-participating, individual, pure risk premium life insurance policy. It is one of the best term insurance plans that one can choose to provide the much-desired financial protection to their family in their absence. Bharti AXA Premier Protect Plan comes across as a great option for sole breadwinners of their families to ensure that their loved ones do not have to face financial struggle and give up on their life goals.

With the minimum and maximum entry age ranging between 18 years to 65 years, the plan comes with a maximum maturity age of 75 years. The policyholder gets death benefit and along with it options like lumpsum, monthly income, and lump sum plus monthly income for payout. What’s notable is that a policyholder can extend their benefits by adding riders to the Premier Protect Plan. Rider options available under the policy are Bharti AXA Life Hospi Cash Rider, Bharti AXA Life Accidental Death Benefit Rider, and Bharti AXA Life Premium Waiver Rider.

2. Aegon iTerm Plan

Aegon Life iTerm Insurance Plan is a comprehensive protection plan. It is a non-linked, non-participating, life insurance policy that helps one eliminate financial concerns their loved ones could face in the event of their unfortunate death. A policyholder has the utmost freedom to choose different plan options like Life Protect, Protect Plus, and Dual Protect on the basis of their specific requirements. A key thing to note about the iTerm Life Insurance Plan is that it provides cover for terminal illnesses apart from risk of accidents.

Policy buyers with age between the range of 18 years to 65 years can easily buy the policy. The plan comes with a maximum maturity age of 100 years. One of the key features of the plan is that it covers COVID-19 death claims. Moreover, the plan possesses a ‘It Pays to Quit Smoking’ feature under which provides discounts on renewal premiums from second policy year onwards on quitting smoking. ‘Go Healthy’ is yet another benefit available under the Aegon Life iTerm Insurance Plan.

3. Max Smart Secure Plus Plan

Max Life Smart Secure Plus Plan is an excellent option for policy buyers looking for utmost financial stability for their loved ones if they are no longer alive. The policy comes with a vast array of features that one can customize as per their specific requirements. Reliable in the time of need, Smart Secure Plus Plan comes as the much-wanted helping hand and prevents the family of the deceased policyholder from facing financial struggles or compromise on their goals for life.

The plan comes with a minimum entry age of 18 years. While the maximum entry age is 65 years, the maximum maturity age is 85 years. Under the plan, the policyholder not only gets to reap benefits of death benefit, but also gets the freedom to pay the policy premium as per their convenience. A policy buyer can get Joint Life Option, Accelerated Critical Illness Benefit, Accident Cover, and more by paying an additional premium. Critical Illness and Disability Rider as well as Waiver of Premium Plus Rider can also be added to the plan by paying additional premium.

4. Edelweiss Tokio Simply Protect Plan

Edelweiss Tokio Simply Protect Plan is a non-linked, non-participating term insurance plan. It provides life coverage and financial security to your dear ones in your absence at an affordable premium rate. Quite popular among policy buyers, Edelweiss Tokio Simply Protect Plan is highly sought after as it succeeds in providing the financial umbrella to the family members who are left behind after the life insured has passed away. The policy is completely reliable and affordable. What’s more is that it has a vast range of features and benefits that add a lot to its worth.

The policy is easily available for the age range starting from 18 years up to 65 years. The maximum maturity age under the Edelweiss Tokio Simply Protect Plan is 80 years. One of the key benefits offered under the policy is death benefit, which is provided to the policy nominee in case of the unfortunate death of the policyholder. Talking about riders, a policyholder can enhance their policy benefits by opting for riders like Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider and Waiver of Premium Rider.

5. HDFC Click 2 Protect Life

HDFC Click 2 Protect Life is a term insurance plan that caters to your financial protection needs during an uncertain time. It is one of the best protection plans offered by HDFC Life at affordable rates. A significant feature of this term insurance plan is that it helps in securing the financial stability of the life insured’s family without letting them compromise on their different needs or life goals.

Available online for people between the age of 18 years up to 65 years, HDFC Click 2 Protect Life comes with a maximum maturity age of whole life. An individual interested in the plan can choose Basic Life Cover, Life Cover + Critical Illness Cover or Life Cover + Regular Income options as per their needs. The plan offers the freedom to add riders like Income Benefit on Accidental Disability Rider and Critical Illness Plus Rider that can be purchased by paying an additional premium price.

Who Should Buy the Rs. 5 Crore Term Insurance Plan?

Rs. 5 Crore Term Insurance is one of the best term insurance plans for individuals who do not want their loved ones to compromise on their financial goals due to lack of money as a result of the loss of a loved one’s life. Since Rs. 5 Crore term insurance provides a massive sum assured amount, it is highly advised to people who wish to provide their loved ones with extra financial protection. Moreover, individuals who do not want their family members to struggle to bear expenses related to child’s education or marriage, house purchase, travel and more will find Rs. 5 Crore Term Insurance Plan worthwhile.

Why Buy Rs. 5 Crore Term Insurance from InsuranceDekho?

Prime reasons to buy Rs. 5 Crore Term Insurance from InsuranceDekho from us include:

  • Best Insurance Products from the Best Insurance Companies - InsuranceDekho has partnered with renowned insurance companies to bring forth a range of insurance products that work the best for you and your family’s financial protection.
  • Quick Issuance Process - Policy issuance is one of the major concerns of customers, but not at InsuranceDekho. We make sure that our policy issuance process is smooth and hassle-free for all customers.
  • Broad Product Range - At InsuranceDekho, you will find a wide range of insurance policies that you can easily choose from as per your needs.
  • Paperwork Not Required - InsuranceDekho ensures that its customers do not have to indulge in the hassles of paperwork.
  • Superior Customer Support - We believe in providing the best support to our customers and strive to offer ideal solutions to our customers without fail.

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