2 Crore Term Insurance Plan

Rs. 2 Crore Term Insurance is an insurance policy with a sum assured of Rs. 2 Crore. Under this type of term insurance plan, a death benefit of Rs. 2 Crore is provided to the beneficiary in case of an untimely demise of the life assured during the policy tenure. One of the unique benefits of this type of plan is that this type of plan may come with a high sum assured but the premiums are as compared to others and this type of plan ensures long term financial security for the life assured and his/her family member in difficult circumstances.

With changing time financial responsibilities and expenses of an individual may change. This type of term insurance plan is ideal for a person who has big financial goals, financial dependents and does not want his/her loved ones to suffer from lack of financial resources in their absence.

Best Rs. 2 Crore Term Insurance Plans

Below is the list of the best 5 Rs. 2 Crore Term Insurance plans. Please note that the below mentioned plan details may vary as per the plan variant chosen at the time of policy issuance -

*Premium Payment Mode, **Premium Payment Term.

1. Max Smart Secure Plus Plan

Max Smart Secure Plus is a term insurance plan that offers comprehensive protection to the policyholder and their loved ones at a very nominal premium amount. This term insurance policy offers financial safety in the event of untimely death of the life assured. It acts as a savior during life uncertainties and builds a financial safety net around the family members of the policyholder. This life insurance plan comes in 2 variants which are, regular pay variant and return of premium variant. The policyholder has the option to customize their insurance policy as per their individual requirements and budget. One can choose 2 death benefit options under this insurance plan, which are Increasing Life Cover and Life Cover, while buying the insurance plan. This insurance plan has an in-built terminal illness cover and it also provides a joint life cover.

2. HDFC Click 2 Protect Term Insurance Plan

It is a term insurance plan which can be easily bought online by the policy buyer. Under this term insurance plan, a lump sum amount is paid to the nominee in case of the demise of the policyholder. The major benefits that the policyholder would receive by getting insured under this plan involves death benefit, income tax benefit and maturity benefit. The minimum sum assured offered to the policyholder under this plan is Rs. 10 Lakh and the maximum sum assured offered is Rs. 10 Crore. The minimum entry age of the policyholder can be 18 years, while the maximum age can be 55 years. There are three plan variants available, which the policyholder can opt for as per their requirements. These variants are Life Protect, Income Plus and Life and CI Rebalance. Moreover, under this insurance plan, special premium rates are provided to non-tobacco users and female members.

3. ABSLI Life Shield Insurance Plan

This is a non linked non participating term insurance plan offered by Aditya Birla Sun Life Insurance Company. This life insurance plan is an ideal option as it offers flexibility to make a combination from the eight diverse plan options according to the needs of your family so that your loved ones do not have to compromise on their living standard even in case any unfortunate event happens to you. Under this plan, various benefits are offered including death benefit, waiver of premium on total and permanent disability, terminal illness benefit, waiver of premium on critical illness, tax benefit, maturity benefit, joint life protection and additional riders. There are several modes of payment offered to a policyholder to choose from under this plan, which are monthly, quarterly, half-yearly and yearly.

4. PNB MetLife Mera Term Insurance Plan

PNB MetLife Mera Term Insurance Plan is a tailor-made life insurance policy that offers the policyholder with the flexibility to choose from 4 sum assured options. It is a pocket friendly insurance plan that offers coverage to the spouse of the policyholder under the same insurance plan. Under this insurance plan, a policyholder is given with 4 sum assured payout options to choose from either payout as lump sum alongside regular monthly income, full lump sum payout, payout as lump sum along with increasing monthly income, Regular monthly income along with income and payout as lump sum till the time your dependent child turns 21 years in age. Under this term insurance policy, a policyholder is offered tax benefit as per section 80C and 10(10D) of the Income Tax Act. A policyholder is also offered the option to choose from various riders such as accidental death benefit rider, critical illness rider etc at the cost of a little additional premium in order to enhance the coverage of your basic insurance plan.

5. Kotak e-Term Insurance Plan

This is a pure term insurance plan offered by Kotak Life Insurance Company online to their customers. This plan is specifically designed to offer financial safety to the loved ones of the policyholder in their absence. This life insurance plan provides high coverage at affordable premium rates and even offers special premium rates to female policyholders and non-tobacco users. Also, one should make a note that the nominee receives only death benefit under this plan and no maturity benefits are offered to the policyholder. The minimum entry age for the policyholder under this plan is 18 years and the maximum age is 65 years. The premium payment mode offered to the policyholder under this plan is yearly, half-yearly, monthly and quarterly. Moreover, this insurance plan also allows the policyholder to increase or decrease their life insurance cover according to their requirements based on certain terms.

Who Should Purchase Rs. 2 Crore Term Insurance Plans?

Unforeseen death, disabilities, diseases are a part of life, realities which are often talked about. However, these realities cannot be overcome with certainty. Term Insurance plans help an individual have financial security for themselves and their loved ones from these unforeseen events. Newly employed, self employed, newly married, unmarried, parents, or people who have more than 2 financial dependents must purchase a term insurance plan to ensure financial security of their loved ones in case an unpredictable event takes place. The death benefit can help the family of the life assured to maintain a healthy lifestyle, meet their financial expenses and achieve their goals in absence of the life assured.

Why Purchase Rs. 2 Crore Term Insurance Plan from InsuranceDekho?

Hera are some reasons why you should InsuranceDekho to purchase a Rs. 2 Crore Term Insurance plan -

• Best Insurance Plan from the Best Insurance Companies - We have partnered with some of the renowned term insurance companies in India to provide you with a range of insurance plans that are suitable for you and your family’s future financial security.
• Quick and Hassle-free Issuance Process - Policy issuance at InsuranceDekho is completely hassle-free and transparent. The policy is issued within minutes and all the information provided by the consumer is safeguarded. Our goal is to provide a smooth and hassle-free policy issuance process to all our customers.
• Wide Product Range - At InsuranceDekho we provide a wide range of insurance policies that you can choose from according to your insurance requirements and budget. We have partnered with some of the leading life insurance companies that provide best insurance plans. You can easily compare and purchase an insurance plan at InsuranceDekho.
• Excellent Customer Support - At InsuranceDekho we strive to provide top-notch services to our customers. Our customer support is knowledgeable and helpful to offer effective solutions to our customers.