Which is the best term plan for 1 crore ?

1 Crore Term Insurance Plan

Know the features and benefits of availing a Rs.1 crore term insurance. Make your decision by comparing the life insurers offering the 1 crore term insurance plans and choose a plan that best suits your needs and convenience.

Along with rising costs of living, the associated risks to life in general need appropriate cover as financial support post one’s untimely can be a really tough choice for the family members. In the early days of life insurance, choosing an appropriate cover might have been a bit of a fix for people, owing to the premium values involved. But nowadays, it is a different scenario wherein individuals from almost any economic category can avail a life insurance of a sizable cover.

Comparison of Plans Offering 1 crore Term Insurance:

Among the simplest plans for life insurance, term insurance plans are available with multiple companies and they normally offer a cover of more than 1 crore. For this particular case though, we’d be looking at sum assured amount of 1 crore rupees so that we can offer a standardised depiction of the rates of premiums and features of the individual plans.

One should understand that there are many criteria as per which one can rate any particular insurance product. By far, the most important criteria would be the claim settlement ratio of the insurer. So, in the table below you’d find a gradation and rating of the best term insurance plans available in India as per the claim settlement ratio of the insurers is concerned.

Which is the best term plan for 1 crore ?

Insurers Name Plan Names Claim Settlement (in percentage) Sum Assured (Lump Sum in INR) Premium*

(in INR)

LIC e-Term Plan

(Basic Plan)

98 1 Crore 14600 Per Annum
Max Life Online Term Plan

(Basic Plan)

95.5 1 Crore 9046 Per Annum
Star Union Dai Ichi Life Insurance Premier Protection Plan (Basic Plan) 94 1 Crore 22000 Per Annum
ICICI Prudential iCare II Term Insurance

(Basic Plan)

93.8 1 Crore 18293 Per Annum
PNB Metlife Metlife Mera Term Plan

(Basic Plan)

92.9 1 Crore 9011 Per Annum
Bajaj Allianz Life Insurance iSecure

(Basic Plan)

91.9 1 Crore 14513 Per Annum
HDFC Life Click 2 Protect Plus

(Basic Plan)

90.5 1 Crore 11145 Per Annum
AEGON Life Insurance iTerm

(Basic Plan)

89.8 1 Crore 8892 Per Annum
SBI Life Insurance eShield

(Basic Plan)

89 1 Crore 6400 Per Annum
Reliance Life Insurance Online Term

(Basic Plan)

83.8 1 Crore 7950 Per Annum
Share जरूर करें ‼️….
Leave A Comment For Any Doubt And Question :-