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10 Crore Term Insurance

Imagine this—you’re the backbone of your family, the one they rely on for everything from daily expenses to long-term dreams like a child’s overseas Read moreeducation or a comfortable retirement. Now, if something were to happen to you, could they maintain the same lifestyle?
That’s exactly where a 10-crore term insurance plan steps in. It helps by providing a financial cushion big enough to secure your loved ones' future, no matter what! Read Less

Get 18.5% discount on first year premium¹⁴

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What is a 10 Crore Term Insurance?

A 10-crore term insurance plan is basically what it sounds like - it is a policy that offers a ₹10 crore payout to your family if something happens to you during the policy term. It’s a pure life insurance plan, meaning it doesn’t build wealth or savings—it simply ensures your family doesn’t have to worry about money in your absence.

How Does a 10 Crore Term Insurance Plan Work?

The way it works is straightforward:

Pick a Coverage Amount & Policy Term:

You decide how long you want coverage and how much your family would need to be financially stable.
Pay Regular Premiums:

This keeps your policy active and guarantees that your family will receive the payout if needed.
Claim Process in Case of an Event:

If something happens to you within the policy tenure, your family gets ₹10 crore as a lump sum or in monthly payouts, depending on the plan’s structure.
No Maturity Benefit:

When you survive beyond the policy tenure, no compensation is made, except if you have purchased a return-of-premium option feature.

Our Best-Selling Term Insurance Plans

Tata AIA

Sampoorna Raksha Promise

Get ₹ 1 Cr Life Cover at ₹ 501/month^*
Upto 18.5% discount on first year premium¹⁴
Get 100% premium back^~

Calculate Premium Know More

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V05)

Tata AIA

Maha Raksha Supreme Select

Key benefits:

Get ₹ 2 Cr Life Cover at ₹ 692/month^##
Enhance protection with Education Secure for your children
Upto 18.5% discount on first year premium¹⁴

Calculate Premium Know More

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)

What Are the Benefits of Rs. 10 Crore Term Insurance?

Going in for a ₹10 crore term insurance plan is advantageous in more ways than one:

Financial Support for Your Dependents

It guarantees your near and dear ones to lead a similar lifestyle without you.

Debt Protection

Any unpaid home loans, business loans, or other dues won't become a burden to your family.

Education and Future Plans

Your children's dreams, such as studying abroad, won't be sacrificed because of financial pressures.

Peace of Mind

Having the assurance that your family will have a solid financial cushion allows you to live life worry-free.

Tax^# Advantages

The premiums paid can be tax-deductible under the relevant legislations, so it is a financially wise decision.

If your financial obligations are primarily bunched up in the next 15 years, then this plan is a sensible method to secure your family's financial well-being.

Is 10 Crore Term Insurance Really Necessary?

A ₹10 crore cover may seem excessive, but it depends on your lifestyle, expenses, and future goals. Ask yourself:

Do I have home loans, business loans, or other financial liabilities?
How much would my family need if I’m not around to provide for them?
Would my children's education and spouse’s financial independence be covered?
Does my current savings and investment portfolio offer enough security?

If your answer to most of these is “not sure” or “probably not,” then a 10-crore term insurance plan might actually make sense.

How to Choose the Right Rs. 10 Crore Term Insurance Plan?

Picking the right term insurance plan isn’t just about choosing a large sum assured. Here’s what you need to consider:

Claim Settlement Ratio (CSR):

Opt for an insurer that boasts a high claim settlement ratio to ensure a smooth payout process for your family.
Premium Affordability:

While a ₹10 crore cover sounds great, make sure the premium fits within your budget for the long term.
Rider^ Options:

Look for add-ons like critical illness cover, waiver of premium, and accidental death benefits to enhance protection.
Payout Flexibility:

Some plans offer staggered payouts or monthly income options instead of a lump sum—choose what suits your family’s needs.
Medical Requirements:

Be aware that higher coverage often requires a medical check-up, so disclose all health details accurately.

Factors That Affect Your Premium

The cost of your premium isn’t random—it’s based on a few key factors:

Your Age: The younger you are, the cheaper your policy will be.

Health & Lifestyle: Pre-existing medical conditions, heavy drinking, or smokers can pay more.

Occupation & Risk Factors: More risky occupations (such as pilots or adventure sports professionals) can cost more.

Policy Tenure: The higher the tenure, the more expensive but longer the cover.

Riders & Add-ons: If you choose to add riders such as critical illness, accidental death, or waiver of premium, your cost will be higher.

Who Should Think About a 10 Crore Term Insurance Plan?

Not everyone requires such a huge sum assured, but some individuals should consider it very seriously:

Business Owners & High Net Worth Individuals (HNWIs):

Whether you have a lot of assets or business-related liabilities, your loved ones will require financial support of considerable magnitude.
Primary Breadwinners:

If your dependents' well-being relies on your earnings, a higher cover means they don't have to worry.
Those with Large Loans & Future Plans :

If you have a big home loan, children's education plans, or even long-term medical requirements for dependents, a higher cover gives them much-needed financial security.

How to Buy a 10 Crore Term Insurance Plan?

Purchasing a 10 crore term insurance policy is easier than ever, especially online. Here’s what you’ll typically need to do:

Compare Policies: Look at different premium costs and coverages to see what suits you.

Use a Premium Calculator: Online tools can give you an estimate of how much you’d pay monthly or annually.

Fill Out the Application: Provide accurate details about your health, income, and lifestyle.

Submit Documents & Complete a Medical Check-up: This step ensures you qualify for the coverage..

Make the Payment & Receive Policy Documents: Once your application is approved, your policy is issued.

A 10 crore term insurance plan isn’t just about numbers—it’s about securing peace of mind. Whether or not it’s the right choice for you depends on your financial situation and long-term goals. But one thing is certain: if your family depends on you, ensuring they have a financial backup plan is always a wise decision.

1.What happens if I stop paying the premium?
Your policy will lapse if you miss multiple payments. There is a grace period offered by some insurers, but it is advisable to pay in time to maintain your coverage.

2.Can I add more coverage later?
A few policies permit you to add coverage as your financial obligations increase, although this may involve taking further medical examinations.

3. Will my family pay tax on the payment?
Typically, the death benefit paid out through a term insurance policy is tax-free as per Section 10(10D) of the Income Tax Act, subject to applicable tax legislation.

Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V05)
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)
^*Illustrated premium of ₹608 is the monthly premium excluding taxes for a 20 yr. old female, Standard Life, Non-Smoker for ₹1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option and ₹501 is for the same modal point with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
^##Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) with Life Secure plan option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
^~Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier
²Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
¹⁴This includes first year digital discount of 10% for Limited Pay/Regular Pay and 8.5% salaried discount. For Single Pay, 1% discount will be available for online purchase and salaried discount each.
·^{^}Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
^#Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
The plan is not a guaranteed issuance plan, and it will be subject to company’s underwriting and acceptance.
Insurance cover is available under this product.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.