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45K Salary Term Insurance Plan

A 45K salary term insurance plan ensures protection for families with a monthly income of ₹45,000. The earnings cover daily household expenses,... Read more support savings goals, and fulfil commitments like loans or education costs. Term insurance helps meet these goals. It focuses mostly on protection, offering a life cover at a reasonable cost. It ensures the family has financial support if income stops suddenly and can plan ahead. Read less

A 45K salary term insurance plan ensures protection for families with a... Read more monthly income of ₹45,000. The earnings cover daily household expenses, support savings goals, and fulfil commitments like loans or education costs. Term insurance helps meet these goals. It focuses mostly on protection, offering a life cover at a reasonable cost. It ensures the family has financial support if income stops suddenly and can plan ahead. 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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Date of birth

Are you an NRI?

Yes

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Male

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Do you smoke?

Yes

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What is a 45K salary term insurance plan?

A term insurance plan for 45k salary is built to balance protection with affordability, keeping real income realities in mind.

It offers a fixed life cover that is paid to nominees if the policyholder passes away during the policy term
Premiums are generally lower than those of savings-linked insurance products
The focus remains strictly on financial protection, not investment returns
Coverage can be adjusted based on age, family responsibilities, and long-term goals
It may suit individuals who support dependents on a stable monthly income

Why is it important to invest salary share in term insurance?

Term insurance plays a critical role in safeguarding family financial stability after an income disruption. The payout supports household expenses, long-term commitments, pending loans, and educational needs. This financial support reduces financial burden during emotional hardship. Additionally, allocating a portion of monthly income toward term insurance creates a structured protection layer. This planning approach ensures family responsibilities are addressed despite income uncertainty.

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)

How much should you invest if you earn Rs 45,000 per month?

Term insurance premiums are accessible across various income levels. The premium depends on your age, sum assured, policy term, medical history, and lifestyle habits. You can estimate cost quickly using a Tata AIA term insurance calculator on the website after deciding your cover. As a practical rule, your life cover should be around 10–12 times your annual income. So, for a ₹45,000 monthly salary, the sum assured may be around ₹65 lakh, based on family needs.

Benefits of ₹45K salary term insurance plan

Term insurance on 45k salary offers many benefits, some of which are as follows:

Customisable coverage
You can strengthen protection by adding riders⁶ such as critical illness or accidental death, based on your needs.

Tax efficiency
Premiums may qualify for tax⁵ benefits under applicable income tax provisions when conditions are met under the old tax regime.

Affordable premium
Term insurance premiums are budget-friendly, making it easy for individuals with a 45K salary to maintain long-term coverage.

Financial protection
The plan provides a lump-sum payout that helps your family manage expenses, future goals, and financial responsibilities without major disruption.

Financial support for the family
In case the policyholder dies during the policy term, the nominee gets the sum assured, which can be used to clear outstanding liabilities such as home loans or personal loans

Conclusion

A 45K salary term insurance plan is a practical step towards long-term financial security. It offers affordable protection, income support for dependents, and peace of mind. By choosing suitable coverage and policy duration, you can ensure that your family remains financially stable even during unexpected situations. Starting early helps you get lower premiums and build a reliable safety net for the future.

What is a ₹45K salary term insurance plan?

A ₹45K salary term insurance plan provides life cover suited to monthly earners. It offers high life cover at an affordable premium and protects the family financially.

What is the ideal coverage amount for a person earning 45,000 per month?

Coverage generally ranges between ten to fifteen times annual income, depending on age, dependents, existing liabilities, and financial responsibilities.

How much would the premiums be for term insurance with a 45K salary?

Premium amounts depend on age, health profile, coverage and policy duration. Annual premiums often remain within manageable limits for ₹45K earners.

Can I add riders to my ₹45K salary term insurance?

Yes. Riders⁶ such as accidental death cover, critical illness cover, and premium waiver may extend protection for specific risk situations.

Are the premiums for term insurance affordable for someone with a 45K salary?

Yes. Term insurance premiums are structured for affordability, especially for younger individuals with stable health profiles.

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.

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.
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/1067