Term insurance is a security blanket for your family. You pay a little every month or a year, and your family receives ₹1 crore if anything untoward happens to you within the policy duration. This amount can pay for education, household expenses, or even settle loans.
Nowadays, an India ₹1 crore cover can be as low as ₹15 to ₹21 a day, depending on your age, your health, and your ways. The following blog will take you through five of the best term insurance policies in India that provide ₹1 crore cover. These policies are reliable, inexpensive, and intended to secure your family’s future.
Why Term Insurance Is Smart Today
Of late, more and more Indians are opting for term insurance in a wiser manner. This is referred to as the “Term Insurance 2.0” trend by experts. This indicates individuals seeking:
- Budget-friendly coverage that isn’t a strain on finances.
- Uncomplicated and clear-cut benefits, you know exactly what your family will receive.
- Simple online buying with very little paperwork.
- Additional benefits such as critical illness cover, accidental death benefits, and even the possibility of returning your premiums at the end of the term.
A ₹1 crore policy provides you with sufficient coverage to manage your family’s large bills in case something goes wrong.
How to Select a Good ₹1 Crore Term Plan
When you’re selecting a term plan, there are four key things to consider.
First, look at the claim settlement ratio. This indicates the percentage of claims paid out by the insurer versus the number they received. The higher the ratio, such as 98–99%, the better the company is and the more likely families are to receive the funds when they need them most.
Second, find a plan that fits your budget. Premiums can be very different for ₹1 crore coverage, so shop around before making a decision. Third, check what riders are offered. Riders are a little additional coverage you can purchase, such as protection for critical illness or accidents, typically for a low extra price. Finally, look for special features. Some policies allow your coverage to increase over time to outrun inflation, provide whole-life cover, or return your premiums at policy maturity. These benefits can make a policy worth more in the long term.
Top 5 Term Insurance Plans of 2025 (₹1 Crore)
Below are the five top contenders for the best ₹1 crore term insurance plans in 2025:
1- Axis Max Smart Term Plan Plus
This policy boasts of its impressive claim settlement track record, about 99.79%, one of the best in India. It’s relied upon for timely payouts and hassle-free claim settlements, providing comfort to families in times of need. The online purchase process is hassle-free, and you can opt for additional riders that help fortify your coverage.
2- Tata AIA Sampoorna Raksha Promise
This policy provides ₹1 crore cover at just ₹501 a month for young buyers, which is extremely economical. You also get returns like return of premium, so if you live through the policy duration, you receive your entire money back and whole-life cover if you need cover for the rest of your life. Tata AIA also has a very high claim settlement ratio of approximately 99.41%, which makes them extremely dependable.
3- ICICI Prudential iProtect Smart
If you want one of the lowest premiums you can get in the market, ICICI Prudential’s product is something to consider. A ₹1 crore cover is available for as little as ₹432 per month if you are young, healthy, and don’t smoke. It also provides you with flexibility, such as the ability to recover your premiums should you choose to leave the plan early. It’s easy, cheap, and has a strong brand name to fall back on.
4- HDFC Life Click 2 Protect Super / Supreme
HDFC Life provides ₹1 crore cover for approximately ₹743 per month, which amounts to just ₹21 per day. This plan also provides you with an option to increase or decrease cover in the future, as per your requirements. You can even add your spouse or parents under the same scheme and even withdraw early with a clever exit facility. It’s wonderful for individuals who prefer flexibility in financial planning.
5- Bajaj Allianz Smart Protect Goal
This policy is ideal if you’re looking for affordable protection without settling on anything less than the best. A non-smoker of 30 can avail of ₹1 crore coverage at a cost of approximately ₹8,979 annually, or around ₹750 per month. The policy is easy, transparent, and from a reliable name in the insurance sector. It’s particularly appealing for young earners at the beginning.
What Makes These Plans Stand Out
All these plans have something to distinguish them. Axis Max excels with its industry-high claim settlement ratio. Tata AIA provides you with the option to either return your premium or remain covered for life. ICICI Prudential is one of the lowest for ₹1 crore cover. HDFC Life is ideal if you wish to modify your cover after some time. Bajaj Allianz provides uncomplicated, low-cost coverage that’s great for starters.
If you wish to get an idea of how much each plan would be for your precise age, health, and lifestyle, use an online term plan calculator. They are fast, simple, and assist you in making an informed decision.
Summary and Next Steps
Purchasing a ₹1 crore term insurance plan is one of the most intelligent money decisions that you can make. It’s reasonable, simple, and most importantly, it provides your loved ones with the protection that they are worthy of.
Here’s how to begin:
- Go to the insurer’s website or a reliable comparison portal.
- Obtain quotes for ₹1 crore coverage with your details.
- Compare premiums, claim records, and riders.
- Choose the one that provides maximum value for your requirement and budget.
Remember, term insurance is not just about money; it’s about care, responsibility, and peace of mind. By choosing a good plan today, you’re ensuring that your family’s future is protected, no matter what happens.