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40K Salary Term Insurance Plan

A 40K salary term insurance plan ensures the family’s financial security for individuals with ₹40,000 monthly income. It provides the required... Read more protection, as the income is usually spent on daily needs. Term insurance focuses purely on protection. It offers a substantial life cover at a relatively low cost. If income stops unexpectedly, it helps dependents manage regular expenses. Read less

A 40K salary term insurance plan ensures the family’s financial security... Read more for individuals with ₹40,000 monthly income. It provides the required protection, as the income is usually spent on daily needs. Term insurance focuses purely on protection. It offers a substantial life cover at a relatively low cost. If income stops unexpectedly, it helps dependents manage regular expenses. Read less

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

₹7,085/month (for 30 years)

₹8,287

saving Save ₹1,202 with discounts

₹ 4.2 Lakh

₹ 1 Crore

You Pay (Total)

You Get (Life Cover)

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Discounts

2% Milestone discount

2% discount on 1st year premium on these milestones

Event	Eligibility
Wedding (1 wedding only)	Within 6 months before or after the date of wedding
Birth/ Adoption of 1^st child*	Within 6 months before or after the birth/ adoption date
Home loan	Within 6 months of loan getting sanctioned
First job	Within 6 months of joining date

*Policy issuance eligibility for female customers will be determined by Board Approved Underwriting Policy (BAUP)

The above milestones cannot be clubbed to avail more discount, Such discount shall be capped to a maximum of ₹500 over the year.

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Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V11)

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Get ₹1 Crore Life Cover
@₹501/month¹

Up to 18.5% discount² (1^st year premium)
Return of premium³ option
4 hour claim settlement⁴

⁴T&C apply

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Yes

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Do you smoke?

Yes

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Why term insurance is important even when you earn Rs 40,000 a month

Many people delay buying insurance, assuming it makes more sense once earnings increase. Many times, it proves costly. Term insurance is important even at a ₹40,000 monthly income because building meaningful savings takes time, and the family depends on that income for daily needs. If income is disrupted, the impact is felt immediately.

A term insurance plan for 40K salary individuals acts as financial support. It replaces lost income and gives the family time to adjust. The premiums are usually lower when you buy early, making it easier to continue the plan over the long term. It ensures that everyday responsibilities like rent, education costs, or loan repayments don’t become a burden for your family.

How much should you invest if you earn Rs 40,000 per month?

You should not consider only the premiums when deciding how much cover to take. The more useful approach is income replacement. A widely followed guideline is to opt for life cover that is around 10 to 15 times your annual income. For someone earning ₹40,000 a month, this usually works out to approximately ₹50–70 lakh.

The reassuring part is that the premium does not increase in the same way as the cover amount. In many cases, it remains manageable, especially if the policy is taken at a younger age. The aim is to secure enough protection so that your family’s lifestyle and long-term plans are not affected.

Our bestselling Term Insurance plans

Choose a Tata AIA term insurance plan that suits your needs

Tata AIA

Sampoorna Raksha Promise

Get ₹1 Cr cover at 501/month¹
Up to 18.5% discount² (1^st year premium)
Option to get all premiums back³

Calculate Premium

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V11)

Tata AIA

Maha Raksha Supreme Select

Get ₹2 Cr life cover at 679/month⁷
Up to 18.5% discount2 (1^st year premium)
Waiver of premium if diagnosed with Terminal illness

Calculate Premium

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V14)

Benefits of term insurance for 40K salary earners

Term insurance offers many advantages that align well with the needs of 40K salary earners.

Riders for additional protection
You can add riders⁶ like accident cover, disability cover, or a critical illness rider to enhance protection for unexpected situations.
Affordable premiums
Even on a ₹40K salary, you can get a plan with a pocket-friendly premium, making financial security realistic.
Flexible premium payment
Pay monthly, quarterly, half-yearly or yearly, based on your budget. Some plans offer limited-pay options as well.
Financial support
A term plan helps protect a spouse, children, or parents so they don’t struggle with financial burden during a difficult time.
Tax savings
Premiums may qualify for tax⁵ deduction under Section 80C, and death benefits are tax-free under Section 10(10D) (as per rules).
Accessible option for women too
Many insurers provide suitable options for women, including plans designed around different financial roles and responsibilities.

Conclusion

A 40K salary term insurance plan offers comprehensive protection to individuals. It provides suitable financial protection at a reasonable cost without disrupting other responsibilities. Starting a suitable plan early at a young age and regular premium payments ensure adequate cover. It helps your family maintain a healthy lifestyle and achieve their goals. The goal of the term insurance is to secure long-term financial stability for family of individuals earning ₹40,000 a month.

What is term insurance and why is it important for someone earning a 40K salary?

Term insurance is a pure protection policy that pays a lump sum to your nominee in case you pass away during the policy term. It is important for someone earning ₹40,000 a month because it protects dependants from sudden loss of income.

How does term insurance impact the financial security of individuals with a 40K salary?

A 40k salary term insurance plan helps in managing expenses such as rent, EMIs, and education costs, even if the primary earner passes away unexpectedly.

How can I lower my premiums with a 40K income?

Buying the policy early, choosing a longer policy term, and maintaining good health are some effective ways to keep premiums lower.

How can someone with a 40K salary maximise the benefits of their term insurance policy?

Choosing adequate cover, reviewing the policy regularly, and avoiding unnecessary add-ons helps keep the plan efficient and affordable.

What is the process of applying for term insurance on a 40K salary?

The process typically involves selecting a cover amount, submitting basic identity and income documents, completing health disclosures, and undergoing medical checks if required.

Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V11)
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V14)
¹As per the duly approved product design and terms & conditions of the product, illustrated premium of ₹501 is the monthly premium 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 of Tata AIA Sampoorna Raksha Promise with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details.
²As per the duly approved product design and terms & conditions of the product, this 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.
³Under 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.
⁴Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of ₹50 Lakh. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
⁵Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment 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.
No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder.
⁶Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the , please contact Tata AIA Life's Insurance Advisor/ branch.
⁷As per the duly approved product design and terms & conditions of the product, Illustrated Premium of ₹679 is the monthly premium 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 of Tata AIA Maha Raksha Supreme Select with first year premium discount for digital purchase and salaried person.
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/2026/Feb/0923