1 Crore Term Insurance

A 1 Crore term insurance plan provides a substantial coverage amount of ₹1 crore, ensuring financial security for your family in your absence. This high sum assured can cover major financial responsibilities like home loans, children’s education, and daily living expenses. It offers affordable premiums, making it accessible while providing significant protection. Additionally, policyholders benefit from tax deductions on premiums paid under Section 80C and tax-free death benefits under Section 10(10D) of the Income Tax Act. Customizable with various riders, it enhances overall protection against critical illnesses and accidental death

Many insurance companies offer customizable options with 1 crore term insurance, allowing policyholders to add riders such as accidental death benefit, critical illness cover, or premium waiver benefit for disability. These additional features enhance the policy’s utility and provide extra protection as per the policyholder’s needs.