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Rated by 48,324 customers
Get Life Cover of ₹1 Crore by paying a premium of
₹7,085/month (for 30 years)
₹8,287/month
Save ₹1,202 with discounts
Includes 10% digital + 8.5% salaried discount on 1st year premium
Excludes GST
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Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V05)
₹1 Crore Term Insurance is a pure risk term insurance policy that offers an extensive life cover of ₹1 Crore at an affordable premium. One of the key features of the ₹1 crore insurance policy is that the extensive cover is available at an affordable premium. For instance, the monthly premium for a ₹1 Cr term insurance for a 20-year-old female for 20 years with a regular premium payment option under our Tata AIA Sampoorna Raksha Promise Life Option is ₹501/month1.
Having life insurance is what gives you complete peace of mind, knowing that your family will be protected when you are not around to tend to their needs. This is true, especially for term insurance, which offers protection in the form of a pure life cover. When you opt for a higher sum assured, you can ensure more coverage for your loved ones!
When you buy a 1 crore term insurance plan, you can choose a policy tenure for which you want to be covered. The 1 crore life insurance plan provides the
death benefit of up to ₹ 1 crore to your nominees in the event of your unexpected death during the policy tenure.
It can help them pay for their routine expenses, clear off debts, secure funds for their future financial objectives, etc.
To understand how it works, consider the following example:
Amit, a 28-year-old software engineer, purchased a term insurance policy with a sum assured of 1 crore for a policy term of 35 years. He designated his wife as the nominee. Unfortunately, six years after the policy was obtained, Amit passed away unexpectedly. In accordance with the terms of the policy, the insurance company disbursed the entire sum assured of 1 crore to his wife. This financial payout provided her with the necessary resources to manage her household and maintain her lifestyle despite the sudden loss.
Amit’s annual income amounted to ₹9 lakhs, while his family’s yearly expenses were ₹3.5 lakhs. Taking into account an assumed inflation rate of 6%, the total projected expenses for his family over the next 30 years would be approximately ₹2.94 crores. Additionally, his financial obligations, including home loan repayments and education expenses, were estimated at ₹40 lakhs.
Amit had personal savings of ₹8 lakhs. With an assumed annual growth rate of 10%, these savings would grow to approximately 1.4 crores over the next 30 years.
Based on these calculations, the recommended life cover for Amit would be ₹2.94 - ₹1.4 = ₹1.54 crores.
Buying a term insurance plan for 1 crore offers many benefits.
A 1 crore term insurance plan offers substantial coverage at relatively low premiums. A term insurance policy covers life. This allows you to secure high coverage without the added cost of maturity benefits.
In case of your untimely demise, the 1 crore term insurance death benefit provides your family with a lump sum payout. This fund may help them handle financial emergencies, meet long-term goals, and more.
If you have accumulated debts like a home loan or car loan, a 1 crore term insurance policy serves as financial security. In the event of your untimely demise, your family can use the lump sum amount they receive as the death benefit to clear any outstanding debts.
A term insurance plan for 1 crore allows you to increase your coverage with add-on riders. These riders can protect you and your family against critical illnesses, accidental death, permanent disability, and more.
A 1 crore term insurance plan offers tax benefits under Sections 80C and 10(10D) of the Income Tax Act. By purchasing this plan, you can reduce your taxable income.
The best term insurance plan for 1 crore gives you various premium payment options:
Depending on your needs, you may select from the following payout options for the death benefit:
The term plan can offer an extensive life cover of up to ₹ 1 crore for the chosen policy tenure.
Despite offering such extensive coverage, a 1 crore term plan can have quite affordable premiums if you select a reasonably long policy term. It means you can not only protect your family with better coverage but also avoid paying higher premiums to avail of this coverage.
You can decide on the 1 cr life insurance policy tenure based on the requirements of your dependent family member and your future money goals.
Term insurance plans are designed to protect your loved ones from life’s uncertainties at different stages in your life. With a 1 crore term insurance cover, you can increase your coverage at different life stages to ensure better protection for your family members.
The 1 crore term insurance plan provides flexible features to customise the policy based on your financial needs. For instance, you can choose the premium payment options and the payout options.
Furthermore, you can determine a convenient premium payment frequency for the limited and regular premium payment methods, such as monthly, quarterly, semi-annually, or annually.
The simple life cover of a term insurance plan can be easily boosted with optional riders^ that protect you against critical illnesses, major and minor illnesses and injuries, accidental death and disability, hospitalisation, and many other risks. These riders can be added to your term plan for an extra nominal premium.
You can get insured in the 1 cr term insurance policy for a long term, such as 10 to 40 years. The longer the term insurance policy period, the more affordable the 1 crore term insurance premium.
You can choose to receive the premiums paid for the 1 crore insurance policy as a maturity benefit at the end of the policy tenure by availing of the return of premium option.
A 1 crore term policy offers a simple life cover with no savings or investment components. All you need to do is select a suitable policy option, pay timely premiums, and ensure life cover protection for your family. Furthermore, you can purchase the term insurance plan online in a few simple steps.
Our experts are happy to help you!
Our experts are happy to help you!
When choosing a 1 crore insurance policy, always check the claim settlement ratio of the insurance provider. This factor is crucial as it indicates the number of claims settled by the insurer compared to the number of claims filed by customers during a financial year.
Tata AIA Life Insurance has constantly upheld its promise of protection and on-time claim settlement. Tata AIA Life Insurance reported a 99.41% individual death Claim Settlement Ratio for FY 24-25.
If your insurance provider cannot settle your claims, the problem could be their solvency ratio, which refers to their financial capacity to pay the claims. Look for a high solvency ratio, indicating the company’s financial strength and ability to settle your claim entirely.
Add-on rider^ options provide additional financial protection in case of specific scenarios during the policy tenure. For instance, the rider^ for the waiver of premium benefits waives future premiums if you suffered a total or permanent disability in an accident.
Similarly, riders^ can offer additional financial protection for critical illnesses, terminal illnesses, accidental death and dismemberment, etc.
At Tata AIA Life Insurance, we offer traditional rider^ options such as the Tata AIA Non-Linked Comprehensive Protection Rider, Tata AIA Non-Linked Comprehensive Health Rider, Tata AIA Vitality Health, etc..
1 crore term insurance plans must be flexible to customise based on your financial needs. Look for flexible features to help you pay premiums conveniently, increase coverage based on your needs, and choose between varied payout options.
In addition, 1 crore term insurance plans can also provide in-built privileges, such as the in-built critical illness cover, terminal illness cover, etc. Term plans with in-built privileges provide enhanced protection at an affordable premium for the long term.
At Tata AIA Life Insurance, we offer the below riders with our Term Insurance plan.
At Tata AIA Life Insurance, we offer the below riders with our Term Insurance plan.
A Non-Linked, Non- Participating Individual Health rider (UIN: 110B045V03)
A Non-Linked, Non- Participating Individual Health rider (UIN: 110B046V04)
A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04)
A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04)
Choose the term insurance policy term for as long as you need to protect your family. Ensure that the plan can offer coverage when you most need it and until you can comfortably pay all the premiums on time.
Research and find 1 crore insurance policy options that can suffice for your financial requirements based on their features and eligibility criteria.
Analyse the chosen options and compare them based on their features, benefits, and premium rates to decide on the best term insurance plan for 1 crore for your financial needs.
Determining the claim settlement ratio is crucial to ensuring the life cover benefits when your family is in utmost need of it in your absence. We at Tata AIA Life Insurance have registered a death cclaim settlement ratio of 99.41% for the FY 2024-25.
Customise the term plan for 1 crore by choosing a suitable premium payment option, premium payment mode, payout option, etc., to ensure it meets your financial conditions and requirements.
Choosing a convenient premium payment mode, monthly, half-yearly, or annual, is crucial to staying insured for the entire policy tenure.
Riders17 provide additional financial benefits to enhance coverage during specific scenarios. For example, the rider^ for the accidental death benefit provides additional funds if the death is due to an unexpected accident during the policy tenure.
Upon deciding on the term insurance policy option and customising it to your needs, you can calculate the premium. Ensure to find an affordable premium for the entire policy tenure.
You can utilise our Tata AIA Life Insurance Term Plan Calculator to determine the sum assured and the affordable premium to make a well-informed financial decision.
With the Tata AIA Life Insurance 1 crore term insurance plan, you can ensure extensive life cover while keeping the premiums affordable for the longer policy term.
With the Tata AIA Life Insurance Sampoorna Raksha Promise plan, you can fix the premiums for the entire policy tenure. Therefore, if you purchase it at a younger age, you can avail of lower premiums and fix it for the entire policy tenure.
Our 1 crore term insurance plans are designed to cover your family against the threat of financial uncertainties and emergencies in your absence to focus on their financial independence.
With Tata AIA Life Insurance Term Insurance plans, you can increase the life cover at important milestones~ in your life, such as after getting married, the birth of your child, the purchase of a new house, etc.
If you purchase term insurance at a younger age, you can benefit from fixed premiums that remain affordable throughout the policy term.
You can easily purchase our 1 crore insurance policy swiftly and conveniently online at our Tata AIA Life Insurance official website.
Although term insurance plans offer life cover protection for a specific term, you can enjoy whole life cover, i.e., cover till 100 years of age, with our 1 crore term insurance policy.
You can get tax benefits under Sections 80C and 10(10D) of the Income Tax Act for the term insurance policy premiums paid and death benefits received.
With our Express Claims service, the beneficiary can initiate the claim process online and submit the necessary documents with us. We will initiate the claim process and ensure that the claim amount is received within 4 hours1.
1T&C apply.
This table outlines who should consider a term life insurance of 1 Crore and the key reasons for choosing it.
| Who Should Buy | Why Buy a 1 Crore Term Insurance Plan |
|---|---|
| Young Professionals | Helps secure your family's financial future from an early stage in your career, potentially helping to fulfil their needs in your absence. |
| Newly Married Couples & Young Parents | With increased responsibilities, the plan tends to ensure your spouse and children are financially secure, in case of your untimely death. |
| Youths with Debts | If you've taken personal, education, or vehicle loans, this plan can prevent passing the debt burden to your family in case of your demise. |
| Individuals with Home Loans | A large home loan can be a huge burden. This plan helps your family repay the loan and continue living stress-free in the same home. |
| Sole Earning Members | If you are the only source of income, a 1 crore term plan can ensure your family has enough to meet expenses and life goals after you. |
| Business Owners | In case of your untimely demise, the policy tends to ensure your business debts are cleared. |
| Self-Employed Individuals | Replaces income from your independent work or business and can ensure your family is protected from financial uncertainty. |
| Investors | In case of your death, investment contributions may stop. This plan helps continue those investments or achieve planned financial goals. |
| Persons with Elderly Parents | Offers financial support to ageing parents who depend on you, potentially ensuring they’re have enough resources. |
| Individuals Nearing Retirement | Even if retirement is near, a term plan can help cover dependents until they become financially independent. |
| Senior Citizens | With whole-life coverage, this plan tends to ensure your spouse continues to live comfortably and securely. |
| Homemakers | A homemaker’s contributions are valuable. This plan may help cover childcare or household expenses if they're no longer there. |
| Working Women | Can replace your income contribution, allowing your family to maintain their lifestyle and future goals in your absence. |
| Taxpayers | Tends to offer financial protection for your family and helps save taxes under Sections 80C and 10(10D) of the Income Tax Act. |
Term insurance coverage can be as extensive and comprehensive as you want for your financial security. The life cover should be able to protect you and your family from financial uncertainties.
Opting for a 1 crore term insurance policy can be beneficial for the following reasons.
While a 1 cr insurance policy offers extensive coverage, you can still enjoy the benefits of the same at very reasonable premiums. It can ensure you stay insured for the long term to secure your family's future. Furthermore, when you purchase it at an early age, you can benefit from even more affordable premiums for the entire policy tenure.
Family financial commitments keep increasing with age. You will have to secure funds to manage a routine life, repay loans, clear off debts, pay for your child's education, etc. With extensive cover, such as the 1 cr term insurance plan, you can conveniently handle such wide-ranging financial commitments at an affordable premium.
The premiums you pay towards the policy will remain stable and locked in once you buy the 1 crore term insurance plan. By purchasing a term plan early on in life, you can lock in highly affordable premiums, even though the coverage may be as high as 1 crore.
To determine the right coverage amount, first you need to understand the factors to consider and then the calculation process
Age and income are important factors that help determine the right coverage amount. For example if you are young and have fewer responsibilities, you can start with a coverage amount, which you can increase as your financial obligations increase.
Or you can opt for a more extensive cover at a young age, for a longer tenure, thereby locking in low-term insurance premium payments.
Term life insurance offers an extensive life cover that different people may utilise for various needs. While someone may want to ensure the future financial stability of their family, another may want to protect their loved ones from the financial impact of unpaid debts
Hence, identifying why you and your family need a certain amount of coverage can help you plan an appropriate term insurance amount
Not all families have the same financial needs and commitments, and therefore, a term plan cannot serve the same purpose for everyone.
Term insurance is flexible and can be suited for those with different needs. If there are financial requirements unique to your family, the term insurance plan should be selected accordingly
Always consider the needs of all your family members before getting the term insurance policy.
If you have financial liabilities such as ongoing EMIs and unpaid debts, having a term insurance plan with adequate coverage can help you keep your family safe from the impact of these obligations in your absence.
Also, remember to consider any health conditions that can lead to hospitalisation. You can also add health riders^ to your term plan and enhance the coverage in case there is a need to meet medical expenses.
You can calculate the exact coverage required based on the following methods:
If income is the only source of financial requirement that will suffice for your family’s financial needs, you can consider the income replacement method.
You can calculate it by multiplying your annual income and the number of years to retirement.
In the Human Life Value method, you will consider your income, expenses, liabilities, future financial goals, savings, and investments.
You can derive the required coverage by adding your current annual expenses, funds required to accomplish future financial goals, and funds required to pay for your liabilities and subtracting your savings and investments from this sum.
For example:
(₹5,00,000 × number of dependent years, say 20 = 1 crore) + ₹60 lakhs + ₹20 lakhs – ₹25 lakhs (Savings + Investments) = 1 crore + ₹60 lakhs + ₹20 lakhs – ₹25 lakhs = 1.55 crores
You should consider a coverage of approximately 1.55 crores.
You can utilise our Tata AIA Life Insurance Human Value Calculator to make this calculation simple and easy for you.
If determining the required coverage is challenging with these methods, you can find an approximate value based on the general thumb rule. The general thumb rule is 10 times your annual income.
However, if you are purchasing the term insurance at a younger age, you can consider it as 14-15 times your annual income, and at an older age, you can consider it as 7-8 times your annual income
For example:
A savings plan calculator enables you to calculate the premiums you need to pay to avail of life insurance coverage for yourself and your family and build a long-term savings corpus during the policy tenure.
For Instance, let’s say you want to build a savings funds of ₹25 lakhs in 20 years and your insurance plan offers 5% annual returns. The calculator may suggest a monthly premium of around ₹7,000–₹8,000 to achieve this goal while keeping your family protected with life cover.
A retirement plan calculator lets you understand how much regular income or benefit you can get during your retirement years based on the policy you choose and the amount you save in the policy.
For instance, suppose you are 35 years old and want to retire at 60, with a goal of receiving ₹50,000 per month post-retirement for 20 years. The calculator may estimate that you need to invest 10,000 per month starting now to build a retirement corpus of 1.5–₹2 crores (based on an assumed return of 6–7% annually).
A Unit-Linked Insurance Plan calculator enables you to know the returns you can receive on your policy and the premium amount you need to pay for the life insurance cover as well as investment.
For example, If you plan to invest ₹5,000 per month in a ULIP for 25 years, and the expected annual return is 8%, the calculator will show an estimated maturity value of around ₹47–₹50 lakhs. It will also highlight how much of your premium goes toward insurance and how much is invested in equity or debt funds.
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