What are the eligibility criteria for buying a 5 crore term insurance plan?

While there are no specific criteria for purchasing a term insurance plan for 5 crores, for Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V04) the minimum age of the policy buyer should be 18 years. Also, considering that a 5 crore term plan offers greater coverage than other term insurance plans, ensure that you are able to pay the premiums for the coverage regularly without missing any payments.

Can one avail of tax benefits on 5 crore term insurance?

Yes, the tax benefits for a 5 crore term insurance are similar to that of a regular term plan. The premiums you pay for the term plan will be eligible for tax deductions under Section 80C of the Income Tax Act, while the proceeds paid out as a death benefit will be exempt from taxes under Section 10(10D) of the Income Tax Act. You can also save tax up to Rs 46,800++ when you buy a term insurance plan.

Do 5 crore term insurance plans come with a free-look period?

Yes, like a regular term insurance plan, 5 crore term insurance plans also come with a free-look period of 15 days if the policy has been purchased online and 30 days in case it has been bought online or through the Distance Marketing modes from the date of receiving the policy document. During the free-look period, you can choose to give up the policy if you are not satisfied with the policy, subject to the terms and conditions of the insurance company.

How should I choose a life insurance provider for term insurance with a high-sum assured?

When selecting a life insurance provider to purchase your 5 crore term insurance from, be sure to check the insurer’s claim settlement ratio, online reviews and ratings, solvency ratio, range of products, online purchase, renewal processes, claim process, and customer service. If all of these parameters are as per your needs or exceed your expectations, you can go ahead and purchase your term insurance from such an insurer.

Will my nominee be able to file a claim for my 5 crore term plan if they are abroad?

Yes, if your nominee is outside of India and would like to file a claim, they will have to upload the attested copies of the required claim documents online or send them to us through email. However, if the nominee wants to file the claim offline, they will have to courier their claim documents to their representative in India, who can come to our office and file the claim on their behalf.

How much term insurance will be enough for my family?

This will depend on how many family members you would like to cover in your term policy and their financial needs in the future. A term plan will ensure that your loved ones are financially supported in the event of your demise; hence, it is important to consider their future goals and commitments while buying a term insurance plan. A 5 crore term insurance plan would be a good sum assured to support your family’s daily needs as well as any major events or medical emergencies that need financial backing, even after taking inflation rates into consideration.

What are the main factors that affect the 5 crore term insurance premium?

Your 5 crore term insurance premium can be affected by a number of factors such as your age, your medical history, your health, the number of individuals covered under the policy, the sum assured, your family’s medical history, and the nature of your occupation and so on.

Is it safe to buy a 5 crore term insurance plan online?

Most policy buyers may be apprehensive about selecting a high sum assured term plan online but in reality, purchasing a 5 crore term insurance plan online is quite safe and secure. Apart from being able to compare the premiums of different plan options and easily purchasing the policy, Tata AIA Life Insurance ensures that your personal and payment details, as well as your policy information, are secured. Moreover, you can choose from different secure online payment modes to make your premium payments successfully without the fear of your financial details being stored or misused.

How can I ensure affordable premiums for my 5 crore term plan?

If you want to be able to pay affordable premiums for your 5 crore term plan, you can start by calculating and comparing the premiums for your term insurance with a term insurance premium calculator. Since term plans are known to be quite flexible, you can also choose a policy term and a premium payment term as per your needs. This lets you decide how you can pay your premiums in a way that they do not hinder your other financial commitments while you protect your family from future financial uncertainties.

Can a person in their late 20s afford a 5 crore term insurance?

Being able to have a 5 crore term insurance will, to some extent, depend on your ability to pay the premiums on time. However, being a term insurance plan, the premiums of a high sum assured policy can be quite affordable. Therefore, if you are earning a stable salary that allows you to have a 5 crore term insurance plan in your late 20s, then you should go for it.

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5 Crore Term Insurance Plan

With growing inflation rates and rising financial obligations, securing the future of your loved ones has become more crucial... Read more than ever. A ₹5 Crore term insurance policy is a term insurance plan that pays your loved ones a lump sum amount of ₹5 Crore in the event of your untimely demise during the term of the policy. It takes care of significant expenses such as loans, education, and day-to-day needs, offering significant financial security at a reasonable premium. Read less

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₹5 Crore Life Cover starts at ₹1,817/month¹

Up to 18.5% discount² (1st year premium)
99.45% Individual Death Claim
Settlement Ratio³
Return of premium⁴ option

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

₹7,085/month

Total premium: ₹14.09 Lakh

saving Save ₹1,202 with discounts

₹ 4.2 Lakh

₹ 1 Crore

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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.

Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N176V12)

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Written by

Vishal Kapoor

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Vishal Kapoor

Vishal Kapoor, AVP - Brand & Product Marketing at Tata AIA, has over 17 years of experience in the BFSI sector. He is responsible for driving brand strategy, product & channel marketing campaigns.

Reviewed by

Girish J Kalra

Chief Marketing Officer

Girish J Kalra

Girish J Kalra, Chief Marketing Officer at Tata AIA, leading the organizations marketing & corporate communication initiatives..

What is a ₹5 crore term insurance plan?

A ₹5 Crore term insurance is a term plan that offers a life cover of ₹5 Crore. If the policyholder passes away during the policy term, the nominee receives the entire sum assured, either as a lump sum, regular income, or a combination of both. This payout can help your loved ones manage daily expenses, repay loans, and stay financially secure in your absence, especially if you’re the family’s primary breadwinner.

Why to buy a ₹5 crore term insurance plan?

If your annual income ranges between ₹30-₹50 Lakh, a ₹5 Crore term insurance plan can be a suitable life cover to ensure your family’s financial security. One can choose a sum assured that is 10-15 times your annual income to cover future expenses, debts, and life goals. Let’s explore the key reasons why a ₹5 Crore cover could be the right fit.

High life cover at affordable premiums

A ₹5 Crore term insurance plan is a pure life insurance plan without a savings or investment component. Therefore, you can purchase this extensive coverage at an affordable ₹5 Crore term insurance premium. In case, this sum assured tends to be a bit high for you or if the premium is out of your budget, opt for a ₹2 Crore term insurance instead.

Protection against outstanding loans

No individual wants to burden their family with financial liabilities. Even if you are repaying your loans on time, an unforeseen event can disrupt your plans. In such cases, the responsibility for outstanding debts may fall on your loved ones, potentially leading to financial distress.

Financial security for your loved ones

Even when life appears stable and fulfilling, the future financial security of your family remains a concern. In your absence, it is essential to ensure that your loved ones don’t face financial issues. They should be able to maintain their standard of living without disruption to their everyday needs.

Leaves an inheritance

As a parent, you wish to provide the right opportunities and resources for your children. It is important to ensure that their future goals and aspirations remain unaffected. A term insurance plan can serve as a financial legacy, helping them pursue their dreams without any compromise.

Savings and investments

When you have adequate coverage to secure your family, you can save or invest to align your income with your future financial goals. It can help you plan for the long term and focus on achieving your investment goals in a timely manner.

Options to enhance coverage

With a 5 crore term plan, you can enhance the coverage with add-on riders⁵ for additional financial benefits during specific scenarios. For example, a health-based rider can provide the financial support required to pay for your medical expenses during the policy tenure in addition to the life cover.

Tax savings

You should not treat your term insurance plan only as a tax-saving option. However, tax⁶ deduction and exemption benefits on the term insurance premiums and the death benefit proceeds under Section 80 and Section 10(10D) of the Income Tax Act help in reducing tax burden.

Popular Tata AIA Term plans

Tata AIA

Maha Raksha Supreme Select

Key benefits:

Up to 18.5% discount² (1^st year premium)
Waiver of premium if diagnosed with terminal illness
Defer premium payment by up to 12 months⁷

Buy Now Know More

Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN: 110N171V16)

Tata AIA

Sampoorna Raksha Promise

Key benefits:

Up to 18.5% discount² (1^st year premium)
Defer premium payment by up to 12 months⁷
Option to get all premiums back³

Buy Now Know More

Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN: 110N176V013)

Documents required to purchase a ₹5 crore term insurance plan

Applying for a ₹5 crore term insurance plan generally requires documents that help the insurer verify your identity, age, address, income and existing insurance coverage. The exact requirements may vary based on the insurer, policyholder profile, and underwriting assessment.

Income proof

Income documents help the insurer assess financial eligibility for the selected sum assured. You may provide any of the following:

Last six months' bank statements showing salary credits
Form 16
Last three years' Income Tax Returns (ITR) with Computation of Income (COI)
Last three months' salary slips along with the last six months' bank statements showing salary credits

Identity and address proof

You may submit any accepted document that establishes your identity and residential address, such as:

Passport
Masked Aadhaar
Voter ID
Driving licence

Age proof

An accepted age-proof document may include:

Passport
Masked Aadhaar
Driving licence
Birth certificate
Baptism certificate
PAN card

Additional documents

Depending on the application and underwriting requirements, you may also need:

Recent passport-size photograph
Details of existing life insurance policies
Medical reports, where applicable
Health declaration form, where applicable

Submitting accurate and complete documents can help the insurer assess the application and determine the applicable 5 crore term insurance premium.

How does a ₹5 crore term insurance plan work?

A ₹5 crore term insurance plan provides life cover of ₹5 crore for a selected policy term, subject to the policy terms and conditions. The policyholder pays premiums according to the chosen payment schedule to keep the cover active.

The basic process works as follows:

Select the coverage and policy term:

The policyholder chooses a ₹5 crore sum assured and selects the policy duration based on their financial responsibilities and protection needs.
Pay the applicable premium:

The 5 Cr term insurance premium depends on factors such as age, income, health, gender, smoking status, policy term and underwriting assessment. Premiums may be payable monthly, quarterly, half-yearly, or annually, depending on the policy.
Keep the policy active:

Premiums need to be paid as required under the policy. A lapse or termination due to non-payment can affect the continuation of life cover, subject to the applicable grace period and policy terms.
Death benefit during the policy term:

If the life assured dies while the policy is active, the nominee receives the applicable death benefit according to the policy conditions. For a ₹5 crore sum assured, this may be ₹5 crore, subject to the terms of the policy.
No standard survival payout:

A standard term insurance plan primarily provides death cover. It generally does not provide a maturity or survival benefit unless the selected product specifically includes such a feature.

Examples of how a ₹5 crore term insurance plan works

Expense Category	Approximate Amount
Outstanding home loan and other major liabilities	₹75,00,000
Children’s higher education	₹1,25,00,000
Children’s marriage and other major life goals	₹60,00,000
Household and family living expenses	₹1,10,00,000
Medical and healthcare emergency fund	₹40,00,000
Inflation protection and financial contingency reserve	₹90,00,000
Total	₹5,00,00,000

Key components of a ₹5 Crore Term Insurance plan

Policy term

You can choose the duration of your plan, typically 10 to 40 years. The ₹5 Crore cover remains active only during this selected term.
Premium payments

Premiums must be paid on time (monthly, quarterly, half-yearly or annually). The cost depends on factors like your age, health, and lifestyle habits.
Premium payment term

Choose whether to pay throughout the policy or for a limited period (e.g., 10 years) as per your convenience.
Death benefit

If you pass away during the policy term, the full ₹5 Crore is paid to your nominee. They can choose a lump sum, staggered payouts, or a combination.
Fixed premiums

Your premiums stay the same throughout the policy term. Buying early helps you lock in low rates for life.
Add-on Riders

You can enhance the policy with optional riders⁵ like critical illness, accidental death, or waiver of premium riders for broader protection.

Benefits of ₹5 Crore Term Insurance

Affordable premiums for high coverage

One of the key benefits of a ₹5 Crore term life insurance plan is its cost-effectiveness. Compared to other types of life insurance policies, term plans offer high life cover at relatively low premiums. For instance, a salaried professional in their early 30s can secure this extensive coverage, making it both practical and protective.

Secure your family with death benefits

This plan provides a death benefit, meaning the entire sum assured is paid to your nominee if something unfortunate happens during the policy term. For example, in the absence of the policyholder, this benefit can help the family continue paying EMIs, run household expenses, or fund a child’s education without financial stress.

Flexible premium payment options

You can choose how you want to pay for the policy:

Single payment: Pay once and stay covered for the full term.
Limited payment: Pay premiums for a few years and stay insured longer.
Regular payment: Continue paying throughout the policy tenure.

For example, if you're expecting rising expenses in the future, you may prefer to complete the premium payments within the next 10 years using the limited payment option.

Flexible payout options

You may customize how your nominee receives the claim amount, either as a lump sum, regular income, or a mix of both. For instance, if you think your family may need structured monthly support rather than handling a large amount at once, the regular payout option may help manage daily needs with ease.

Return of Premium Option

While standard term plans don’t offer maturity benefits, some plans come with a return of premium feature. If you outlive the policy term, all premiums paid are returned to you. For example, with Tata AIA Life Insurance Sampoorna Raksha Promise, you get 100% of the total premiums paid⁴ as maturity benefit. This means you get back your investment along with availing protection at the same time.

Add-on riders for extra protection

Term insurance plans also allow you to enhance protection with optional riders⁵. These include covers for critical illness, accidental disability, or waiver of premium. For example, if you suffer a permanent disability in an accident, a waiver of premium rider ensures future premiums are waived off, keeping your coverage active without a financial burden.

Buy online with ease

Purchasing a ₹5 crore term plan is now easier. Compare plans, calculate premiums, and buy your policy online, all from the comfort of your home. This also allows for quicker documentation, easy access to policy details, and a simplified claims process for your family when needed.

How to choose the right ₹5 Crore Term Insurance plan?

To choose the right ₹5 Crore term insurance plan, follow these three key steps:

Understand your need:
Start by analysing your financial situation to decide the length of the policy term and the premium payment term that suits your needs. It’s important to determine an affordable premium amount that you can comfortably pay throughout the policy duration. Once you have this clarity, compare various ₹5 Crore term insurance plans based on their features and benefits. This will help you select a plan that offers the right balance between coverage and affordability, aligned with your financial goals.
Claim Settlement Ratio:
Before finalizing your insurer, it’s crucial to consider their Claim Settlement Ratio. This ratio reflects the insurer’s efficiency in settling death claims as promised. Choosing a company with a high Claim Settlement Ratio, preferably above 90%, increases the chances that your nominee will receive the payout smoothly in the event of a claim. Additionally, check the insurer’s solvency ratio, which indicates their financial strength and ability to honour claims. A strong solvency ratio reassures you that the insurer has adequate resources to meet their liabilities.
Add-ons:
To enhance your ₹5 Crore term insurance coverage, explore the rider⁵ options available with different policies. Riders such as critical illness benefits, waiver of premium, and accidental death benefits provide extra financial protection in specific situations beyond the basic death benefit. Adding relevant riders can help cover medical emergencies or unforeseen circumstances.

Who should consider a ₹5 Cr Term Insurance?

A ₹5 Crore term insurance plan is suitable for individuals with significant financial responsibilities and long-term goals. Here are the key groups who can benefit from this level of coverage:

Young professionals in their 20s and 30s

Young professionals aged 25-40 years, especially those earning between ₹30–50 Lakh annually, can consider a ₹5 Crore term insurance plan. At this stage, you are likely to build your career, take on new financial responsibilities, and plan for the future. Having a substantial life cover ensures that your family remains financially secure even if you pass away unexpectedly early in your earning years.

Young professionals in their 20s and 30s

Young professionals aged 25-40 years, especially those earning between ₹30–50 Lakh annually, can consider a ₹5 Crore term insurance plan. At this stage, you are likely to build your career, take on new financial responsibilities, and plan for the future. Having a substantial life cover ensures that your family remains financially secure even if you pass away unexpectedly early in your earning years.
Sole breadwinners of a family

If you are the primary income earner supporting your family’s daily needs, education, and lifestyle, a ₹5 Crore term insurance policy can offer critical financial protection. This cover can help your loved ones maintain their standard of living, repay loans, and meet long-term goals in your absence, providing peace of mind during difficult times.

Sole breadwinners of a family

If you are the primary income earner supporting your family’s daily needs, education, and lifestyle, a ₹5 Crore term insurance policy can offer critical financial protection. This cover can help your loved ones maintain their standard of living, repay loans, and meet long-term goals in your absence, providing peace of mind during difficult times.
Taxpayers in the ₹30–50 Lakh income bracket

For high-income taxpayers within the ₹30–50 Lakh range, term insurance of ₹5 Crore not only offers extensive coverage but also comes with tax6 benefits under Section 80C and Section 10(10D) of the Income Tax Act. This makes it a smart financial tool for protecting your family while optimizing your tax savings.

Taxpayers in the ₹30–50 Lakh income bracket

For high-income taxpayers within the ₹30–50 Lakh range, term insurance of ₹5 Crore not only offers extensive coverage but also comes with tax6 benefits under Section 80C and Section 10(10D) of the Income Tax Act. This makes it a smart financial tool for protecting your family while optimizing your tax savings.
Individuals with outstanding debts

If you have significant loans or financial liabilities, such as a home loan or business loan, a ₹5 Crore term insurance plan ensures that your debts do not become a burden on your family. The payout can be used to clear outstanding loans, safeguarding your family’s assets and future.

Individuals with outstanding debts

If you have significant loans or financial liabilities, such as a home loan or business loan, a ₹5 Crore term insurance plan ensures that your debts do not become a burden on your family. The payout can be used to clear outstanding loans, safeguarding your family’s assets and future.
NRIs looking to protect family in India

Non-Resident Indians (NRIs) with financial dependents in India can consider a ₹5 Crore term insurance. It provides a reliable safety net for your family back home, ensuring they receive financial support in your absence, regardless of where you reside or work.

Also Check : Term Insurance for NRI

NRIs looking to protect family in India

Non-Resident Indians (NRIs) with financial dependents in India can consider a ₹5 Crore term insurance. It provides a reliable safety net for your family back home, ensuring they receive financial support in your absence, regardless of where you reside or work.

Also Check : Term Insurance for NRI

Why is ₹5 crore term insurance coverage important?

The sum assured is one of the most important factors when selecting term insurance because it determines the level of financial protection available to the nominee. A 5 crore term insurance cover can be considered when the policyholder has substantial financial responsibilities, dependants or long-term liabilities.

Cover outstanding liabilities

A ₹5 crore sum assured can help the family address eligible outstanding liabilities, such as a home loan or other significant debts, subject to how the nominee chooses to use the claim proceeds.

Replace a portion of lost income

For a family that depends substantially on the policyholder's income, the death benefit can provide financial support after the loss of the earning member.

Account for children's future expenses

The required cover can include expected expenses such as higher education and other long-term financial goals.

Consider inflation and rising expenses

Future household expenses may differ from current expenses. Factoring inflation into the coverage calculation can help in estimating the amount required to support the family over the long term.

Match the cover with financial responsibilities

A ₹5 crore cover should not be selected only because it represents a high sum assured. Income, liabilities, dependants, existing assets, future obligations and affordability should all be considered before choosing a 5 crore term insurance plan.

How to determine if coverage of ₹5 Crore is suitable for you?

Is a ₹5 Crore term insurance policy enough for your family's financial future? How much life insurance is enough? To answer these questions and determine the right coverage for your term plan, you need to consider the following pointers.

Annual Income

The general thumb rule for purchasing a term insurance plan is to consider the coverage as ten times that of your current annual income. It will take into consideration the inflation rates for income replacement that can help manage inflation over the years.

As a result, if your family needs financial assistance in the future, they will not have to struggle with a meagre sum assured to meet the daily requirements or utilise their savings in times of need.
Family’s needs

If you are the sole breadwinner of your family, you need to consider your current income, the expenses of your family, liabilities, and future financial commitments.

It will ensure the coverage is sufficient for them to lead a self-sufficient life and also plan for their future goals, such as education, marriage, etc. You can access our Tata AIA Life Insurance Human Life Value Calculator to determine this value.
Loans and Liabilities

A term plan covers not only your family's needs but also any liabilities that you may have left behind in the form of loans and debts. When you determine the coverage for your term insurance plan, you need to consider the total loans and liabilities that need to be repaid.

With a ₹5 Crore term policy, you can ensure that the burden of these debts does not trouble your family if you have huge unpaid debts.

Is ₹5 crore term insurance the right choice for you?

A ₹5 crore term insurance plan may be relevant for individuals with substantial financial responsibilities and a need for a high level of life cover. However, the appropriate sum assured depends on individual circumstances.

Consider your income and financial obligations

Assess your current income and the financial commitments that your family may need to manage in your absence.

Consider:

Outstanding home or other loans
Regular household expenses
Children's education costs
Spouse's financial requirements
Long-term financial goals
Existing life insurance coverage

Consider the number of dependants

The required cover can differ based on family structure. Someone supporting several dependants may require a higher sum assured than an individual with fewer financial responsibilities.

Check affordability

The premium for 5 crore term insurance should fit within your financial capacity throughout the premium-paying period. A high sum assured should be supported by a premium commitment that can be maintained as required under the policy.

Review your existing life cover

If you already have life insurance, consider that cover while calculating your overall protection requirement. Your existing policies may reduce the additional cover required.

Consider additional protection through riders

Depending on the policy, riders⁵ may provide additional coverage for specific situations. Possible options include:

Critical illness rider⁵
Accidental death benefit rider⁵
Waiver of premium rider⁵

Riders⁵ have separate terms, conditions and eligibility requirements, so review them before adding them to the base policy..

Reassess your coverage as responsibilities change

Marriage, parenthood, home loans and changes in income can affect your financial protection needs. Reviewing your cover when major financial circumstances change can help you assess whether the existing sum assured remains appropriate.

Factors that affect ₹5 Cr Term Insurance premium?

01

Age

The premium for your ₹5 Crore term plan will increase with age due to the increased risk factor due to medical complications that come with ageing.
02

Health Conditions

If you are suffering from certain health problems that could increase the risk to your life, it is quite likely that you will have to pay higher term insurance premiums to uphold your policy.
03

Policy Term

When you choose a higher policy term for your term plan, your total premiums paid over the years will also be higher. However, the policy term should be decided based on how long you need coverage to secure your family.
04

Premium Payment Term (PPT)

The premium will be higher for a limited premium payment compared to a regular premium payment term but overall premium amount for the overall duration may be lower. However, the PPT must be decided based on your requirements. For example, if you are nearing retirement, you can choose the limited premium payment term to complete premium payments before the retirement date rather than extending it further when you no longer earn.
05

Lifestyle Habits

Some lifestyle habits, such as drinking and smoking, increase the risk to your life. Hence, it is natural that your premium payments will also be higher.

Why Choose Tata AIA Life Insurance?

89 Lakh+

Families protected so far⁸

99.45%

Individual Death Claim Settlement Ratio³ in FY 2025-26

₹46,800

Tax saving⁶

#1 in Retail Sum Assured

Highest retail sum assured of ₹7,90,000 Cr.+⁹

4 Hour

Claim Settlement¹⁰

Choice of Premium Payment Options

Flexibility to choose premium payment mode as per convenience

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Frequently Asked Questions about ₹5 Cr Term Insurance plan

What is the eligibility criteria for buying a ₹5 Crore term insurance plan?

To buy a ₹5 Crore term insurance plan, you typically must be between 18 and 65 years old, provide proof of sufficient income, and undergo a medical examination.
Can I avail of tax benefits on ₹5 Crore term insurance?

Yes, premiums paid for a ₹5 Crore term insurance plan qualify for tax⁶ deductions under Section 80C, and the death benefit is tax-exempt under Section 10(10D). You can save up to ₹46,800or more in taxes annually.
Do ₹5 Crore term insurance plans come with a free-look period?

Yes, like a regular term insurance plan, ₹5 Crore term insurance plans also come with a free-look period of 15 days from the date of receipt of the policy document. If the policy has been purchased online, it is 30 days. This allows policyholders to review the terms and conditions and return the policy if they are not satisfied, receiving a refund of the premium paid minus certain deductions.
How to choose the best insurer for ₹5 Crore term insurance?

To choose the best insurer for a ₹5 Crore term insurance plan, consider factors like a high Claim Settlement Ratio, strong Solvency Ratio, affordable premiums, comprehensive policy features, and available rider options that suit your needs.
Can my nominee claim ₹5 Crore term insurance from abroad?

Yes, your nominee can claim insurance by uploading attested documents online or emailing them. For offline claims, documents must be couriered to a representative in India, who can then file the claim at our office on their behalf.
How to calculate the right term insurance amount for my family?

To calculate the right term insurance amount for your family, consider your family’s financial needs, outstanding debts, future goals, and income replacement for 10-15 years.
What are the main factors that affect the ₹5 Crore term insurance premium?

Your ₹5 Crore term insurance premium is affected by factors such as your age, medical history, health, number of individuals covered under the policy, sum assured, family’s medical history, nature of your occupation, etc.
Is buying a ₹5 Crore term insurance online safe and secure?

Yes, purchasing online from reputable insurers like Tata AIA is secure, as they have encrypted platforms ensuring data protection and smooth claim processes.
Can someone in their 20s buy ₹5 Crore term insurance?

Yes, young adults in their 20s can buy ₹5 Crore term insurance, especially if they have high income, financial responsibilities, or want long-term security for their family. Insurer may decide to issue policy with a life cover basis their underwriting guidelines.
Can I add riders to a ₹5 Crore term insurance plan?

Yes, you can enhance your ₹5 Crore term insurance by adding riders⁵ like critical illness, accidental death, or waiver of premium for extra financial protection during specific situations at nominal cost.
Is ₹5 Crore term insurance enough for my family?

A ₹5 Crore term plan typically provides sufficient coverage for most families, covering income replacement, debts, and future expenses. However, individual needs may vary based on lifestyle and financial goals.
Is the payout from a ₹5 Crore term plan tax-free?

Yes, the death benefit payout from a ₹5 Crore term insurance plan is tax-free⁶ under Section 10(10D) of the Income Tax Act, ensuring your family receives the full amount without tax deductions.
How much premium will I pay for ₹5 Crore term insurance?

Premiums vary based on age, health, policy term, and insurer. Generally, younger and healthier individuals pay lower premiums. Using online calculators can help estimate the exact premium amount.
Is ₹5 Crore term insurance a good choice for high-income earners?

Yes, ₹5 Crore term insurance is suitable for high-income earners, providing adequate financial security for their families and helping cover liabilities, lifestyle expenses, and long-term goals.

5 Crore Term Insurance Plan

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₹5 Crore Life Cover starts at ₹1,817/month1

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Vishal Kapoor

Girish J Kalra

What is a ₹5 crore term insurance plan?

Why to buy a ₹5 crore term insurance plan?

High life cover at affordable premiums

Protection against outstanding loans

Financial security for your loved ones

Leaves an inheritance

Savings and investments

Options to enhance coverage

Tax savings

Popular Tata AIA Term plans

Maha Raksha Supreme Select

Sampoorna Raksha Promise

Documents required to purchase a ₹5 crore term insurance plan

Income proof

Identity and address proof

Age proof

Additional documents

How does a ₹5 crore term insurance plan work?

Select the coverage and policy term:

Pay the applicable premium:

Keep the policy active:

Death benefit during the policy term:

No standard survival payout:

Examples of how a ₹5 crore term insurance plan works

Key components of a ₹5 Crore Term Insurance plan

Policy term

Premium payments

Premium payment term

Death benefit

Fixed premiums

Add-on Riders

Benefits of ₹5 Crore Term Insurance

Affordable premiums for high coverage

Secure your family with death benefits

Flexible premium payment options

Flexible payout options

Return of Premium Option

Add-on riders for extra protection

Buy online with ease

How to choose the right ₹5 Crore Term Insurance plan?

Understand your need:

Claim Settlement Ratio:

Add-ons:

Who should consider a ₹5 Cr Term Insurance?

Young professionals in their 20s and 30s

Young professionals in their 20s and 30s

Sole breadwinners of a family

Sole breadwinners of a family

Taxpayers in the ₹30–50 Lakh income bracket

Taxpayers in the ₹30–50 Lakh income bracket

Individuals with outstanding debts

Individuals with outstanding debts

NRIs looking to protect family in India

NRIs looking to protect family in India

Why is ₹5 crore term insurance coverage important?

Cover outstanding liabilities

Replace a portion of lost income

Account for children's future expenses

Consider inflation and rising expenses

Match the cover with financial responsibilities

How to determine if coverage of ₹5 Crore is suitable for you?

Annual Income

Family’s needs

Loans and Liabilities

Is ₹5 crore term insurance the right choice for you?

Consider your income and financial obligations

Consider the number of dependants

Check affordability

Review your existing life cover

Consider additional protection through riders

Reassess your coverage as responsibilities change

Factors that affect ₹5 Cr Term Insurance premium?

₹5 Crore Life Cover starts at ₹1,817/month¹