In today’s uncertain world, securing your family’s future is not just an option—it’s a priority. A term insurance plan of ₹1 crore ensures your loved ones remain financially protected even in your absence. But with so many options available, which is the best ₹1 crore term insurance plan in India?
In this article, we’ll help you understand why ₹1 crore coverage is ideal, the benefits of term insurance, and a comparison of the top term insurance providers in India (2025).
Why Choose a ₹1 Crore Term Insurance Plan?
A ₹1 crore term insurance policy offers:
- ✅ High sum assured at an affordable premium
- ✅ Financial security for family’s long-term needs
- ✅ Coverage for loans, education, marriage, and daily expenses
- ✅ Peace of mind for policyholder and dependents
For most middle- to upper-middle-class families in India, ₹1 crore is a balanced amount that can help your loved ones live without financial stress for years.
Benefits of a ₹1 Crore Term Insurance Plan
- Affordable Premiums – Get large coverage at low monthly cost.
- Tax Savings – Premiums are tax-deductible under Section 80C.
- Rider Options – Add-on benefits like accidental death, critical illness, and premium waiver.
- Flexible Tenure – Choose policy duration based on age and retirement goals.
- Online Purchase – Simple, fast, and often comes with discounts.
Best Term Insurance Plans for ₹1 Crore in India (2025)
Here’s a curated list of top term plans offering ₹1 crore coverage, based on claim settlement ratio, features, and customer reviews:
1. HDFC Life Click 2 Protect Super
- ✅ Coverage: ₹1 crore and above
- ✅ Claim Settlement Ratio (CSR): 99.7%
- ✅ Features: Return of premium option, whole life coverage, multiple riders
2. Max Life Smart Secure Plus Plan
- ✅ CSR: 99.65%
- ✅ Key Benefits: Critical illness rider, premium return, top-up option
- ✅ Entry Age: 18–60 years
3. Tata AIA Sampoorna Raksha Supreme
- ✅ CSR: 99.01%
- ✅ Features: Life stage benefit, accidental death cover, flexible payouts
- ✅ Premiums: Affordable with online discounts
4. ICICI Pru iProtect Smart
- ✅ CSR: 98.6%
- ✅ Riders: Critical illness, disability, and terminal illness
- ✅ Highlights: Coverage till age 99, early payout for critical illnesses
5. LIC Tech Term Plan
- ✅ CSR: 98.52%
- ✅ Strength: Trusted government brand with wide network
- ✅ Online Availability: Yes (pure term plan only)
6. Bajaj Allianz Smart Protect Goal
- ✅ CSR: 99.02%
- ✅ Features: Return of premium option, accidental total permanent disability cover
Things to Consider Before Buying ₹1 Crore Term Insurance
✔ Claim Settlement Ratio (CSR): Go with companies above 95%
✔ Premium vs. Coverage: Balance affordability with sufficient benefits
✔ Policy Tenure: Choose a tenure that covers you till retirement or life goals
✔ Add-on Riders: Consider useful riders for critical illness or accidental death
✔ Online vs. Offline: Online plans are cheaper and more transparent
Estimated Premium for ₹1 Crore Cover (Age 30, Non-smoker, 30-year term)
| Insurer | Annual Premium (Approx) |
|---|---|
| HDFC Life | ₹9,000 – ₹10,500 |
| Max Life | ₹8,500 – ₹9,800 |
| ICICI Prudential | ₹9,200 – ₹10,200 |
| Tata AIA | ₹10,000 – ₹11,500 |
| LIC (Tech Term) | ₹12,000 – ₹13,500 |
Premiums may vary based on age, health, and lifestyle habits.
Final Thoughts
Choosing the best ₹1 crore term insurance depends on your age, income, financial goals, and health status. Always compare plans online, read policy details carefully, and opt for trusted insurers with a high claim settlement ratio. A small investment today can protect your family’s future in a big way tomorrow.
