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2 Crore Term Insurance Plan

Term insurance financially protects your loved ones. Rs. 2 crore term life insurance plan will provide high coverage if the policyholder dies during the policy period. You can also buy a whole life term plan to ensure lifelong coverage for your family. Read on to find out more details!

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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**
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    Claim Support
    Everyday 10AM-7PM
  • 45 Lacs+
    45 Lacs+
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**Tax benefits are subject to changes in Income Tax Act.

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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 2 Crore Term Life Insurance Policy?

A 2 crore term plan is a life insurance policy that provides comprehensive protection to the policyholders. You can buy these high-sum assured term plans to ensure that your family is financially safe in the event of the demise of the breadwinner.

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Key Features of 2 Crore Term Insurance Plan

The key features of Rs. 2 crore term insurance plans are highlighted below:

  • Long-term Protection: Mishaps can happen anytime. Individuals can buy Rs. 2 crore term insurance plans for a whole life. This way you can ensure that your loved ones get financial protection for a lifetime.
  • Discounts and Rebates: Term insurance companies provide attractive discounts and rebates on high-sum assured term life insurance plans. Therefore, you can buy Rs. 2 crore term plan to protect your loved ones and avail of discounts on a premium.
  • Tax Benefits: The sum assured or death benefit of term insurance policies is totally tax deductible under Section 10(10D) of the IT Act. So, whether you have a term insurance policy worth Rs 50 lakhs or Rs 5 crores, the payout and any further rewards will be tax-free.
  • Multiple Payout Options: Although term insurance payouts are often made in a lump sum, some insurers offer different payout options. For example, based on your financial needs at the moment, you can choose between receiving a monthly income distribution and receiving the entire death benefit in a lump sum.

Best 2 Crore Term Insurance Plans 2023

Many term insurance companies provide high coverage plans to provide enhanced financial protection for you and your family. Here are some of the best 2 crore term insurance plans where you can invest:

Term Insurance Plan

Entry Age

Max. Maturity Age

Min. Sum Assured

Max Life Smart Secure Plus

18- 65 years

85 years

20 lakhs

HDFC Life Click 2 Protect Plan

18- 65 years

lifetime

50,000

ABSLI Life Shield Plan

18- 65 years

85 years

25 lakhs

PNB MetLife Mera Term Plan

19-65 years

99 years

10 lakhs

Kotak e-Term Plan

18-65 years

75 years

25 lakhs

Benefits of 2 Crore Term Insurance Plans

Here’s a list of benefits offered under Rs. 2 crore term insurance plans:

  • Affordable Premiums: Term insurance policies are the most economical in comparison to other life insurance plans. Term plans are pure life insurance policies with no savings options for policyholders. As a result, you can affordably secure the future of your loved ones.
  • Financial Protection: Policyholders of the Rs. 2 crore term insurance plan can protect their loved ones financially. In the event that the life assured dies, the insurance company pays a death benefit up to the sum assured.
  • Wide Coverage: Policyholders of Rs. 2 crore term insurance plans can modify their plans by purchasing additional riders. Many additional benefits are provided by insurance companies, such as critical sickness benefit riders, accidental death benefit riders, premium waiver benefit riders, and others. You may have to pay an additional premium to include these riders in your basic term plan.
  • Mind Peace: Unfortunate events like the loss of the family's primary provider might put the dependents in a difficult financial situation. However, you can provide your loved ones peace of mind at this difficult moment by getting a high coverage term life insurance.

How 2 Crore Term Insurance Plans Work?

Term insurance is a pure life insurance product that provides financial protection to policyholders. An insurance company provides assured benefits to a nominee or beneficiary in the event of the demise of the policyholder. Rs. 2 crore term insurance plans work similarly to other term plans. Let’s understand in detail with the help of an example:

Kushagra works as an engineer for an IT firm. He and his family used to reside in a rented house. However, he recently obtained a home loan in order to purchase his dream home. Kushagra died of a heart attack two years after receiving a loan. Because he is the family's sole breadwinner, he purchased a Rs. 2 crore term insurance policy to financially protect his family. So, after Kushagra's death, the nominees for the term life insurance policy can make a claim on the policy. Furthermore, an insurance provider will bear all of Kushagra's loans and debts.

Who Should Buy a 2 Crore Term Insurance Plan?

Term insurance plans are considered an ideal investment for everyone. However, some individuals should necessarily buy a 2 crore term insurance plan. Some of these individuals include:

  • Individuals who have just started earning can buy this plan. This is because term insurance plan premiums are quite economical for young and healthy individuals.
  • You should buy a 2 crore term insurance plan if you are the sole breadwinner of the family. This will ensure that your family fulfils all their financial obligations even when you are not around.
  • This plan is most suitable for individuals whose annual income is above Rs. 5 lakhs.
  • Individuals who have a high number of dependents can buy a 2 crore term plan.

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What users are saying
  • Great customer service

    Opting for the HDFC Click 2 Protect plan was a decision I am glad I made. Their process was simple, and their support team ensured I had everything I needed to feel confident about our family's future. Highly recommend InsuranceDekho for their transparent and reliable services.

    D
    HDFC
    By Deepant Kumar
    On: May 28, 2024
  • Good coverage Plan

    I decided to buy term insurance from InsuranceDekho and chose the Aditya Birla Digishield Plan after doing some research. I am impressed with the coverage and benefits of this plan, and the premium rates were also affordable.

    S
    Aditya Birla
    By Sriyali Jain
    On: May 28, 2024
  • Exceptional Assitance

    Getting insurance was easy with InsuranceDekho! The person I talked to listened and helped me get Bajaj Allianz Term Insurance. Now, I feel better knowing my family's future is safe. Big thanks to InsuranceDekho.

    P
    Bajaj Allianz
    By Purva Taneja
    On: March 11, 2024
  • Smooth term insurance purchase...

    Getting term insurance was surprisingly easy with InsuranceDekho! The agent listened to what I needed and helped me get Kotak Term Insurance. Now, I feel relieved knowing my family's future is secure. Huge thanks to InsuranceDekho!

    K
    Kotak
    By Kirti Bhasin
    On: March 06, 2024
  • Delightful Experience

    I recently purchased the ICICI Term Insurance plan from InsuranceDekho, and the efficiency of their service truly impressed me. From submitting my application to receiving the policy document, everything was handled with great speed. Highly Recommended!!

    N
    ICICI Prudential
    By Naveen Kumar
    On: March 05, 2024

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