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    Here's your customized plan

    Get Life Cover of ₹1 Crore by paying a premium of

    ₹7,085/month (for 30 years) 

    ₹8,287/month

    savingSave ₹1,202 with discounts

    Includes 10% digital + 8.5% salaried discount on 1st year premium

    Excludes GST

    ₹ 4.2 Lakh
    ₹ 1 Crore
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    Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V05)

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    2 Crore Term Insurance

    Tata AIA’s 2 Crore Term Insurance Plan provides a 2 Crore death benefit to your family if you pass away during the policy term, ensuring their financial security.
     

    What is a 2 Crore Term Insurance Plan?

    A term insurance plan of 2 crore gives a life cover of ₹2 crore for a fixed time. It may assist you in financially securing your family in your absence. The sum assured will be paid to the nominee in case of untimely dismissal of the insured during the policy duration. When choosing the best term insurance plan for 2 crores, an individual must pay attention to policy duration, premium affordability, and claim settlement ratio.

    How Does a 2 Crore Term Plan Work?

    • Let’s consider an example to understand how a 2 crore term plan works.
       

      30-year-old Ravi, who does not smoke, buys a 2 crore term insurance for 30 years. He pays premiums from the age of 30 until 60 years. At 60 years of age, if he passes away during the policy term, the life cover amount is payable to his nominee. His nominee, in this instance, his wife, is given ₹2 crore as a lump sum amount. She can then utilize the amount for meeting essential needs such as routine expenses, education, or loan repayments.
       

      A 2 crore term insurance plan may be able to provide the required financial assistance. You may choose the best term insurance plan for 2 crores based on your family's requirements.

    Why Buy 2 Crore Term Insurance?

    Here’s are the reasons to consider buying a 2 crore term insurance.

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      Financial Stability for Your Loved Ones

      2 Crore term insurance offers a high sum assured upon death. This payout amount can be used for anything once received from the insurer. For example, it can clear off existing loans/liabilities, pay for children's higher education, help start a business to earn a livelihood, etc.

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      Wider Coverage at Lower Premiums

      Term insurance plans can be an affordable option for a life insurance plan. Even at a high sum assured of Rs. 2 Crores, you can expect pure risk coverage at comparatively lower premiums than other life solutions even with add-on riders5.

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      Tax Benefits

      You can claim tax6 deductions and exemptions on your 2 Crore term insurance premiums and payout amounts under Sections 80C and 10(10D) of the Income Tax Act, 1961. These can be done every year while your policy is active and will include deductions for add-on premiums.

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      Better Financial Planning

      Since 2 Crore term insurance premiums stay the same throughout the policy term, you know exactly how much funds you need to set aside to pay your premiums. Moreover, tax6 benefits available under your plan can make it a preferable and potentially risk-free way to save on your taxes.
       

      All of these benefits and more are available under Tata AIA's Sampoorna Raksha Promise plans, making it a comprehensive term insurance plan for ₹2 Crore.

    Is 2 Crores the Right Coverage Amount for My Term Insurance Plan?

    Generally, your term insurance sum assured should be 10 times your annual income. Some experts even suggest that it should be 20 times. For a more detailed approach, here are some key factors you should consider determining whether a 2 Crore term insurance is right for you:

    • Dependent Family Members and Living Expenses: Your monthly/yearly expenses should give a good idea of how much capital your family will need in the future to maintain their current standard of living. List down recurring expenses and other short-term financial obligations for the foreseeable future and subtract any investments to know how much sum assured you need.
      Moreover, you also need to secure your dependents. Does your spouse work? Are your children still dependent on you for their basic needs? Answering these questions should give you a good idea of who will require the payout amount the most and for how long.
      This will also determine how high your sum assured should be since you want the payout amount to last for as long as your family need financial assistance.
    • Understand Your Financial Liabilities: Do you have any pre-existing liabilities like loans or debt that still need to be paid off? Or future financial commitments like paying for your child's higher education or marriage? If so, you may want to consider these factors to find out an approximate amount while accounting for inflation.
      This estimated amount should be sufficient to clear off the debts and secure your family's finances in your absence.
    • Your Annual Income and Retirement: When do you plan to retire, and do you have enough capital saved up for a retirement fund? 

      Your current annual income will play a huge role in determining your sum assured. If you are young and have fewer financial responsibilities, a term plan with a life stage benefit may be beneficial as it will allow you to increase your sum assured. On the other hand, if you are older, have a retirement fund, and your children are independent, you may not need as high a sum assured amount.

    • Human Life Value (HLV): This refers to calculating your economic value by considering your future income, liabilities, expenses and investments. To simplify this process, you can use Tata AIA's Human Life Value Calculator to determine your sum assured.
    • Account for Inflation: Inflation is a crucial aspect of financial planning. The cost of accomplishing a financial goal will increase with time, based on the inflation rate. Therefore, the payouts from the term insurance plan should be enough to help your family achieve their financial goals based on future living costs.

      Calculate your required funds based on your family's financial goals and revise the amount based on the inflation rate to derive a realistic value. 

      Also Read: 3 Reasons Why You Must Consider Inflation When You Buy Term Insurance Plan


    Who Should Buy 2 Crore Term Insurance?

    The following individuals can buy a 2 crore term insurance plan.

    Young Individuals 

    People in their 20s can buy a 2 crore term insurance at an affordable premium, considering they are healthy with no health complications.

    Sole Earning Members 

    People who are the sole earning members of the family with dependent family members will require financial safety nets. Hence, a 2 Crore term insurance plan may help their family manage the routine expenses in case of any eventualities.

    Young Parents

    People with increased family financial commitments, such as repaying loans, paying for their child's higher education, etc., should ensure their family has sufficient funds. This may help them repay pending loans and accomplish their future commitments.

    Individuals Working in Extreme Environments

    People working in an environment prone to accidents and fatalities, such as in factories, refineries, etc., should always ensure sufficient financial resources. The funds may help their families reduce the financial burden in their absence at any time in their lives.

    Individuals with a Medical History

    People with a family history of critical or terminal illnesses must financially secure their family members in the event of any eventualities. Therefore, buying a term insurance for critical illness along with our 2 Crore term insurance plan can help pay their medical expenses while also financially securing their future.


     

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      How to Choose the Best Term Insurance Plan for 2 Crore?

      These are some key points to look into before buying a 2 Crore term insurance plan:

      • Insurance Providers: Features provided by insurers can differ. The services and plans offered for 2 Crore term insurance plans can be vastly different depending on the insurance company you choose. Always look at the insurer's CSR, reputation and reviews/customer testimonials before buying a plan from them.

      • Coverage: Evaluate if 2 Crores will be sufficient to secure your family. This can be done by looking into existing liabilities, current living expenses and future financial obligations. While doing so, you should also account for inflation, which is a crucial aspect of financial planning.
         

      • Policy term: How long do you need term insurance coverage? Look into what your financial goals are and your current liabilities, if any. This can help you determine the policy tenure and what you need coverage for. If you are still unsure, you can always opt for whole-life coverage with Tata AIA.
         

      • Premiums: Although premiums may be more on the affordable side for term insurance, the prevailing rate will depend on your age, sum assured and policy tenure. Suitable term insurance plans for 2 Crores generally offer affordable premium rates and discounts like preferential rates for women and non-smokers.

        To ensure you get a competitive rate, use Tata AIA's term insurance calculator to calculate your 2 Crore term insurance premiums
         

      • Riders: Your 2 Crore term insurance plans must offer rider5 options to help enhance the financial coverage. These can be beneficial during a critical illness, accidental death or other unforeseen financial emergencies.

      • Tax Benefits: Get income tax6 benefits as per applicable tax laws.

    Factors Affecting the 2 Crore Term Insurance Premiums

    Here are the factors that affect 2 crore term insurance premiums.

    • Age

      This is the first thing insurers look at when you buy term insurance. Younger policyholders may be charged lower premiums as they present less risk. This is because the younger you are, the less likely you are to develop health complications or critical illnesses. Hence, opting for a 2 Crore term insurance plan in your younger years may be preferable to enjoy affordable premiums.

    • Medical history

      Your medical history is another important factor that affects the cost of the term insurance plan. For example, if your father has increased blood glucose and blood pressure levels, you may develop the same conditions later in life. This may increase the death risk, resulting in higher 2 Crore term insurance premiums for you when compared to a person with a family medical history of no health complications.

    • Add-On Riders

      The more riders5 you opt for, the higher your premium rate. However, these are optional. So, if you want to get add-on covers for your 2 Crore term insurance policy, carefully evaluate the benefits and the cost before adding them to your term plan.

    • Lifestyle

      Lifestyle is an important factor while determining the premium for term insurance of 2 Crores. For example, smokers are charged higher premiums than non-smokers since they present an increased risk. Therefore, look into cutting down or quitting habits such as smoking, drinking alcohol, etc., before buying a term plan.

      In addition, informing the insurer about such habits during inception is important to avoid any future discrepancies, as it can cause problems for your family during death claim settlements. 

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    Use our online term insurance calculator to check the coverage you need to secure your family today!

    Will the ₹2 Crore Term Insurance Payouts Be Taxed


    Mr. Rajesh, a policyholder with a ₹2 Crore Return of Premium (ROP) term insurance plan, pays annual premiums below ₹5 lakhs. This puts him in a favorable position when it comes to the tax treatment of his maturity benefits.

    You should note that maturity payouts, unlike death benefits, may or may not be taxed depending on prevailing tax laws. In this case, Mr. Rajesh's ROP maturity payout will be tax-exempt6 since his annual 2 Crore term insurance premiums are below ₹5 lakhs. In cases where annual term plan premiums exceed ₹5 lakhs, Mr. Rajesh will be taxed per his tax slab rate under his chosen tax regime.

    Why Buy 2 Crore Term Insurance from Tata AIA?

    Here’s why you can buy a 2 crore term insurance from Tata AIA.

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      Affordable Premiums

      Although the sum assured seems quite large, policy premiums stay affordable. Moreover, your premiums for a 2 Crore term insurance may stay the same throughout the policy period. Younger policyholders may also be offered lower rates. 

       

      Hence, buying a 2 Crore term insurance plan from Tata AIA early in life with a longer tenure or whole life cover when you are in your best health may result in affordable term plan premiums.

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      Flexible Premium Payment Options

      We offer our policyholders multiple 2 Crore term insurance premium payment options, like monthly/quarterly/half-yearly/annual during the policy term. Moreover, they can also opt for single/limited/regular pay options to ensure payment flexibility. 
       

      These options allow you to customise how and when you want to pay your premiums. This way, you can make payments when you can, ensuring sustained 2 Crore term insurance coverage.

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      Increase Your Coverage

      You can choose to increase your policy sum assured amount at different milestones based on increasing commitments, such as marriage, the birth of a child or when buying a house. 
       

      The amount is increased based on a certain percentage on your base sum assured. This may ensure you and your family can meet your future financial obligations under your 2 Crore term insurance plan.

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      Flexible Payout Options

      Your family can receive the death payout as regular income for a fixed period, a lump sum amount or a combination of lump sum and regular income based on the plan options chosen. This ensures they can effectively deal with any financial obligations that arise in your absence.

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      Tax Benefits

      Caim tax deductions in your annual 2 Crore term insurance premium payments under Section 80C of the Income Tax Act, 1961. Moreover, the payout benefits received from your plan will qualify for tax6 exemptions under Section 10(10D). 

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      Add-On Riders

      Increase your base coverage by opting for add-on riders5 under your 2 Crore term plan. These offer additional financial support during your policy term to manage financial emergencies based on specific scenarios, for an additional premium payment. 
       

      Other add-on covers, like our critical illness rider, can be used to pay for hospitalisation and medical expenses when diagnosed with a critical illness. In addition, the riders provide flexible features like providing the payout as a regular income for a fixed period, a combination of a lump sum and regular income or a lump sum, etc.

    1.What are the eligibility criteria for purchasing 2 crore term insurance?
    Generally, you must be at least 18 years of age to buy a 2 Crore term insurance. Most term plans have an entry age between 18 - 65 years; this will vary across insurers

    2.At what age should I buy 2 crore term insurance?
    You may get insurance in your younger years since you may get affordable premium rates. However, term plans are not restricted to people in their 20s. You can buy a 2 Crore term insurance plan at any life stage.

    At Tata AIA, we offer term plans with life-stage benefits and whole-life covers to ensure you always stay protected.

    3.What happens if I outlive the policy tenure?
    Basic term plans do not offer any survival benefits. That means you will not get any payments if you outlive your policy term. However, if you buy term insurance with a return of premium (TROP), you will receive a refund of the premiums paid as the maturity benefit on survival.

    4.Can I buy 2 crore term insurance online?
    Yes, you can purchase the 2 crore term insurance plan online by registering with any online insurer after providing the required details and uploading the necessary documents. For example, you can buy 2 crore term insurance on Tata AIA's website in just a few clicks!

    1.How can I buy 2 crore term insurance?
    You can buy a 2 crore term insurance policy from any IRDAI-approved life insurance provider. This can be online or in person, depending on the insurer. We recommend going for online insurers like us to save on time and paperwork.

    2.What is the free-look period for Tata AIA's 2 crore term insurance?
    We offer a free-look period of 15 days for offline policy purchases and 30 days for online purchases for our 2 Crore term insurance plans.

    3.Can I buy more than one term insurance plan?
    Yes, you can buy and own more than one term plan. However, this can get expensive since you will be paying premiums for multiple term plans. We recommend going to term plans with a life cover if you are not sure how long you will need coverage for or a life stage benefit if you do not know how much coverage you will need in the future.

    4.Who cannot buy a 2 Crore term insurance?
    Individuals who do not pass the eligibility criteria will not be able to buy a 2 Crore term insurance. For example, these can be people under 18 years or over 65 years. Moreover, while insurers cannot reject life insurance applications, they are allowed to reject applications on the grounds of fraud or malpractice.

    Insurers will also assess your annual income and current health condition to determine your eligibility for a chosen plan.

    1.How many years is suitable for a 2 Crore term insurance?
    You must decide your 2 Crore term insurance tenure based on your financial obligations and the timelines to fulfil them. For example, if you have a home loan, need to pay for your child's higher education, provide funds for routine expenses, etc., all of these things will have their own timelines. Hence, we recommend assessing these factors first.

    Term policies generally last around 5 - 40 years. Some term plans like Tata AIA's Sampoorna Raksha Promise offer whole-life coverage for up to 100 years

    2.Is it necessary to purchase a term insurance rider?
    No, they are optional. Term insurance riders5 can be added to your 2 Crore term insurance plan on policy purchase or anniversary to increase your base plan coverage. Riders increase your overall premiums, so only pick ones you are sure you will need.

    3.What is not covered in a 2 Crore term insurance?
    Generally, a 2 Crore term insurance will not cover death due to suicide or self-harm (within the first policy year) and deaths that result from breaches of law, as it is considered a violation of policy terms.

    1.What is the premium for a 2 Crore term insurance?
    Your 2 Crore term insurance premiums will be based on factors such as age, gender, lifestyle, policy tenure, type of term insurance, etc. To get more accurate estimates, use our term insurance calculator.

    2.Do premiums for term insurance plans change during the policy tenure?
    No. Once you have purchased the policy and the policy has been issued, the term insurance premium will not change during the policy tenure. However, the GST component may be subject to change as per the prevailing laws.

    3.Can I pay my 2 Crore term plan premiums monthly?
    Yes, with Tata AIA, you get flexible premium payment options where you can choose to pay your premiums monthly/quarterly/half-yearly/annually. Your payment frequency can also be changed in the future by logging into your Online Policy A/C' to make the required changes.

    1.What documents are needed while filing a death claim settlement under a 2 Crore term insurance plan?
    You will need three main documents, which will be the claims form (filled and signed), the policy certificate and the policyholder's death certificate. If you want to know the complete list of documents needed, please visit our claims settlement page.

    2.What are the different term plan claims that can be filed for a 2 Crore term insurance policy?
    You can file the following claims with Tata AIA under your 2 Crore term insurance plans: Death claim settlements and maturity Claims (for TROP plans). Other claims you can file if you have opted for specific add-ons include:
    ● Cashless and reimbursement claim (for medical expenses).
    ● Hospitalisation and dismemberment claim
    ● Critical illness diagnosis claims.
    ● Accidental death and permanent disability claims.

    Disclaimer

    • Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V07)

    • Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V11)

    • 1Illustrated 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) under Life Promise Option with first year premium discount for digital purchase and 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. 

    • 2As per the duly approved product design and terms & conditions of the product, this product offers first year digital discount of 10% and first year Salaried discount of 8.5% for Limited Pay/Regular Pay. For Single Pay, 1% digital discount and 1% salaried discount will be provided in the first year. 

    • 399.41% is the Individual death claim settlement ratio for FY24-25

    • 4Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured of 50 lacs. Applicable for branch walk in. Time limit to submit claim to Tata AIA by 2 pm (working days). Subject to submission of complete documents. Not applicable to ULIP policies and open title claims.

    • 5Rider 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.

    • 6Income 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.

    • 7Under 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. 

    • 8Illustrated 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.

    • 9Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

    • This product is underwritten by Tata AIA Life Insurance Company Ltd. This 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.

    • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.

    • 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.

    • Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the insurance company and this document is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

    • L&C/Advt/2025/Jul/2585