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Comparison of Plans Offering 1 crore Term Insurance

Published On May 13, 2021 12:00 PM By InsuranceDekho

A term life insurance is one of the most beneficial investments one can make. It helps you stay stress-free, now as well as in the future. An Rs. 1 Crore term investment is also a very convenient plan. Although the sum might sound too large, it is actually a very viable option when spread over a certain number of years.

What is a Rs. 1 Crore Term Insurance Plan?

An Rs. 1 Crore term insurance plan essentially assures the policyholder that in case of their death, their family members will receive a sum of Rs. 1 Crore as a sum assured from the insurance company. Term insurance, in general, is a life insurance but for a fixed period of time or the term. Riders or benefits added to the basic plan assure coverage costs for other circumstances like in case of disability, accidents etc.

Top Rs. 1 Crore Term Insurance Plans

There are multiple insurance companies that offer Rs. 1 Crore Term Insurance Plans. It might be daunting to make a choice after seeing so many options. To help you out, here are the best ones available currently. 

Check out the table below to narrow down your search. 

Rs. 1 Crore Term Insurance Plans

Rider Benefits

Minimum Entry Age

Bajaj Allianz iSecure Term Assurance Plan

Premium waiver, accidental death and complete/ partial disability cover

18 years

LIC Tech Term Plan

Level Term Assured option, 

18 years

SBI Life Insurance eShield Term Plan

Accidental death as well as disability cover

18 years

Aviva i-Life Total

Permanent total disability, terminal illness and critical illness cover

18 years

HDFC Life Click2 Protect Plus Plan

Accidental disability, critical illness

18 years

The following are some of the most essential features of the above mentioned plans:

Bajaj Allianz iSecure Term Assurance Plan

  • Smokers, non-smokers and preferred non-smokers are subject to different premium rates
  • Three payout options are available with this plan
  • All individuals above 18 years of age and below 60 can apply.

LIC Tech Term Plan

  • No upper limit to assured sum is applicable 
  • Grace period of 30 days is allowed for premium payment
  • No maturity benefits are offered.

SBI Life Insurance eShield Term Plan

  • Terminal illness cover is available with this plan 
  • Comes in two variants: level cover benefit and increasing cover benefit.

Aviva i-Life Total Plan

  • It is available in 4 variations 
  • The maximum entry range is 60 and 65 years, depending on the plan variant.

HDFC Life Click2 Protect Plus Plan

  • A variety of benefits can be added to the basic plan
  • Single as well as regular premium payment options are available 
  • Up to 4 plan options are available.


Getting a term life insurance plan is doing a great duty to your family. In your absence, you assure them of financial assistance and stability which is essential in today's world. Additionally, the various kinds of riders available also make sure you do not have to face any financial crisis should there be any accidents or illnesses. 

Also Read

Why Should We Buy Rs. 1 Crore Term Insurance?

10 Popular Term Insurance Plans in India

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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