Term Insurance AWARD WINNING

Investment Plans

NRI Plans

All Plans

Customer Service

Calculators

Fund Performance

₹3 Crore Term Insurance

Q: Are there any tax benefits& associated with a ₹3 Crore term insurance policy?

Yes, tax benefits& are available under Sections 80C and 10(10D) of the Income Tax* Act.

Life is unpredictable, but securing your family’s financial future doesn’t have to be. A ₹3 crore term insurance plan offers a substantial safety net, ensuring your loved ones can maintain their lifestyle, fulfil financial goals, and handle obligations in your absence.

Our Best-Selling Term Insurance Plans

Tata AIA

Sampoorna Raksha Promise

Key benefits:

Get ₹ 1 Cr Life Cover at ₹ 501/month*
Upto 18.5% discount on first year premium^
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 ₹ 768/month^##
Enhance protection with Education Secure for your children
Upto 18.5% discount on first year premium^

Calculate Premium Know More

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

What is a ₹3 Crore Term Insurance Plan?

A ₹3 crore term insurance is a life insurance policy offering a sum assured of ₹3 crore. If the policyholder passes away during the policy tenure, the beneficiaries receive the payout, providing financial stability. Unlike investment plans, term insurance focuses solely on protection, making it an economical choice for high coverage.

How Does a ₹3 Crore Term Insurance Plan Work?

A 3 crore term insurance plan operates as a robust financial protection tool designed to secure your family’s financial well-being. Here's how it functions:

Policy Selection: You begin by selecting a sum assured of ₹3 crore and a tenure that matches your long-term responsibilities, such as mortgage repayment or your children's education.
Affordable Premiums: Depending on your age, health, and lifestyle, the premiums for such a plan remain cost-effective, ensuring high coverage without straining your budget.
Financial Safeguard: In the event of an unforeseen demise during the policy tenure, the sum assured empowers your loved ones to tackle expenses like debt repayment, future investments, or day-to-day needs.

This plan isn’t just a payout; it’s a strategic safety net to ensure your family’s financial independence and stability.

Reasons to Buy a ₹3 Crore Term Insurance Plan:

01
Extensive Coverage

A ₹3 crore term insurance plan offers a significant life cover, ensuring your family’s financial stability during unforeseen events.
02
Affordable Premiums

Despite the high coverage, the premiums are cost-effective, especially when purchased at a younger age or with a longer policy tenure.
03
Customisable Tenure

Choose a policy term tailored to your family’s needs and future goals, ensuring seamless coverage for critical life stages.
04
Life Stage Benefits

Increase coverage as your responsibilities grow—be it marriage, parenthood, or significant financial liabilities.
05
Flexible Payout Options

Opt for payouts as a lump sum, regular income, or a combination of both, ensuring your family’s financial stability in a manner best suited to their requirements.
06
Enhanced Protection with Riders^

Boost your plan with optional riders^, such as critical illness cover, accidental death benefits, or disability cover, offering all-around protection against unforeseen risks.
07
Return of Premium Option

Secure additional value by choosing the return of premium option, where you can receive the premiums paid if no claim is made during the policy term.
08
Simple and Hassle-Free Purchase

This plan is straightforward, focusing on life cover without complex investment components. It can be easily purchased online in a few steps.

A 3 crore term insurance plan isn’t just an insurance policy; it’s a commitment to your family’s financial security and peace of mind.

Who Should Opt for a ₹3 Crore Term Plan?

Young Professionals

Offering low premiums for high coverage.

Young Professionals

Offering low premiums for high coverage.
Parents

To ensure their children’s education and future goals are met.

Parents

To ensure their children’s education and future goals are met.
Primary Breadwinners

Protecting dependents against income loss.

Primary Breadwinners

Protecting dependents against income loss.
Individuals with Liabilities

Covering home loans or other large debts.

Individuals with Liabilities

Covering home loans or other large debts.

Benefits of a ₹3 Crore Term Insurance Plan

Comprehensive Coverage

Safeguards your family from financial uncertainties.
Customisable Options

Add riders^ like critical illness or accidental death benefits.
Affordable Premiums

High coverage with cost-effective premiums.
Tax Benefits^&

Avail deductions under Section 80C and exemptions under Section 10(10D).
Flexible Payouts

Choose between a lump sum, monthly, or staggered payments.

Factors to Consider Before Buying a ₹3 Crore Term Plan

Claim Settlement Ratio#: The claim settlement ratio# reflects the insurer's reliability in honouring claims. Always choose an insurer with a high ratio.
Solvency Ratio: The solvency ratio measures the insurer's financial health and capacity to pay claims. A strong solvency ratio indicates the company's stability and ability to handle large claims efficiently.
Additional Protection through Riders^: Enhance your policy with optional riders^ for critical illnesses, accidental death, permanent disability, or premium waivers. Tata AIA offers comprehensive riders^ like the Tata AIA Non-Linked Comprehensive Protection Rider^ and Tata AIA Vitality Health Rider^ to provide extended protection tailored to your needs.

₹3 Crore Term Insurance Plan: Tata AIA Advantage

A ₹3 crore term insurance plan from Tata AIA Life Insurance ensures financial security with unparalleled features and benefits:

Extensive Coverage at Affordable Premiums

Secure significant coverage at a competitive premium, especially when purchased at a younger age.

Fixed Premiums for Policy Tenure

Enjoy fixed premiums for the entire duration of the policy, locking in affordable rates early.

Customisable Coverage for Milestones

Increase your coverage during significant life events, such as marriage or the birth of a child.

Whole Life Cover Option

Opt for life cover up to 100 years of age, ensuring lifelong security.

Convenient Online Purchase

Easily buy your term insurance online through the Tata AIA official website.

Tax Benefits^*

Avail of tax savings on premiums and benefits under Sections 80C and 10(10D) of the Income Tax Act.

Express Claim Settlement^#

Tata AIA Life Insurance offers an efficient claim process through its Express Claims service. With a claim settlement# ratio of 99.13% for FY 2023-24, your family can rely on a smooth and swift disbursal of the assured amount. Claims are processed within 4 hours after document submission, ensuring your loved ones face no financial delays during challenging times.

Factors Affecting ₹3 Crore Term Insurance Premium Rates

Age: Younger applicants enjoy lower premiums.

Lifestyle Habits: Smokers or individuals with high-risk occupations may have higher premiums.

Medical History: A history of health issues can impact premium rates.

Policy Tenure: Longer tenures may lead to slightly higher premiums.

Rider^{^} Additions: Additional riders^{^} increase premium costs but provide enhanced protection.

What are the eligibility criteria to purchase a ₹3 crore term plan?

Applicants must meet the insurer’s age, income, and health requirements, usually ranging from 18 to 65 years.

What is the premium amount for a term plan offering coverage of ₹3 crore?

Premiums depend on factors like age, health, tenure, and riders^{^}. Use online calculators for precise estimates.

How can I purchase a ₹3 crore term plan?

You can apply online or offline by submitting the required documents medical reports, and completing the premium payment.

What is ₹3 Crore term insurance, and how does it differ from other types of insurance?

It is a pure protection plan offering high coverage at low premiums, unlike endowment or investment-linked policies.

Are there any tax benefits& associated with a ₹3 Crore term insurance policy?

Yes, tax benefits^& are available under Sections 80C and 10(10D) of the Income Tax^* Act.

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 is the monthly premium excluding taxes for 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 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.
^##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 15 yrs. (Regular Pay) with Life Secure plan option. 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.
^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.
⁸Tata AIA Sampoorna Raksha Promise offers first year digital discount of 1% for Single Pay, 10% for Limited Pay/Regular Pay.
¹¹This product offers first year discount of 5% for Limited Pay/Regular Pay and 1% for Single Pay to salaried customers.
^{^}This product offers first year digital discount of 10% and first year Salaried discount of 5% for Limited Pay/Regular Pay. For Single Pay, 1% digital discount and 1% salaried discount will be provided in the first year
^##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 15 yrs. (Regular Pay) with Life Secure plan option. 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
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.
L&C/Advt/2025/Mar/1114