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75 Lakh Term Insurance

With life insurance, we all have one question in mind: How much is enough? To some, ₹75 lakh is a fantastic buffer; to others, it might not even come close.... The truth? It all just depends on your lifestyle, your expenses, and how much your family would need if you were not around.

A 75-lakh term insurance plan is meant to bequeath a big chunk of money—a portion which will help pay off loans, cover miscellaneous expenses, and provide your loved ones' future with a secure umbrella. Is it the policy for you, however? Let's examine.

Get 18.5% discount on first year premium¹⁴

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What is a 75 Lakh Term Insurance Plan?

A 75 lakh term insurance policy is exactly that—a policy that will give ₹75 lakh to your family members if something happens during the policy term. It's a straight protection plan, with no maturity benefit if you outlive the tenure.

This is how it works:

You Select the Policy Tenure:

10, 20, or 30 years, depending on the length of the cover.
You Pay Regular Premiums:

Monthly, quarterly, or annually, depending on your affordability.
Your Family Gets ₹75 Lakh if You Pass Away During the Term:

Lump sum or staggered payment, depending on the policy.
No Payment if You Survive the Term:

Unless you opt for a return-of-premium variant.

It's a no-frills, straightforward financial buffer, ensuring that your family does not have to struggle financially if you are no longer around.

Who Is Eligible for a 75 Lakh Term Insurance Policy?

A ₹75 lakh term insurance policy is perfect for an individual who:

Is the only breadwinner

If your dependents are dependent on your income, this secures them to live their lives the way they did before.

Has recurring financial obligations

Home loan, auto loan, or personal loans? This policy ensures that your family does not have pending bills to worry about.

Have long-term dependents

School-going children, aging parents, or a spouse who relies on your earnings? This policy ensures their financial security.

Need good protection at a low premium

Compared to higher sum assured plans, this provides high coverage without heavy premiums.

If you fall into any of these groups, a 75 lakh term insurance policy can be a smart, affordable way to secure your family's future.

How to Choose the Right 75 Lakh Term Insurance Plan?

All term plans are not the same. Here's what you need to know while selecting a ₹75 lakh term insurance policy:

Policy Tenure:

Do you need coverage for 20, 30, or 40 years? Choose a tenure as per your financial burden.
Claim Settlement Ratio:

Choose an insurer having a good claim settlement ratio in order to receive smooth payments.
Premium Affordability:

Choose a policy having a premium affordable in the long run.
Rider^ Add-Ons:

Beyond additional cover like critical illness cover, accidental death benefit, or waiver of premium.
Payout Options:

Lump sum, regular income, or a combination of both? Select what's in your family's best interest.

An online premium calculator can provide you with a reasonable estimate of costs based on your age, health, and lifestyle.

Our Best-Selling Term Insurance Plans

Tata AIA

Sampoorna Raksha Promise

Get ₹ 1 Cr Life Cover at ₹ 501/month^*
Upto 18.5% discount on first year premium¹⁴
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 ₹ 692/month^##
Enhance protection with Education Secure for your children
· Upto 18.5% discount on first year premium¹⁴

Calculate Premium Know More

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

Is 75 Lakh Term Insurance Enough?

The million-dollar question—no, technically the 75-lakh-rupee question. The reply? It varies based on factors like:

Your Monthly Expenses

How much do your family members need to sustain their lifestyle?

Outstanding Loans & Liabilities

Would ₹75 lakh be enough to pay off loans and have some amount remaining for impending expenses?

Future Financial Goals

Kids' education, marriage, retirement corpus—consider these before arriving at a conclusion.

Existing Savings & Investments

If you already possess a strong investment portfolio, a smaller term cover might suffice.

The thumb rule is to take a cover of a minimum of 10-15 times your annual income. If your annual income is ₹5-7 lakh, a 75 lakh term insurance policy will likely be a safe bet.

Factors That Influence Your Premium

The following are some factors that determine the premium you'll be paying for a 75 lakh term insurance policy:

Age: The older you get, the higher premium you'll pay.

Health History: Pre-existing ailments or smoking might hike your premium.

Policy Tenure: More extended terms often result in a little more premium.

Lifestyle Choices: Smoking, heavy alcohol consumption, or hazardous jobs may increase your costs.

Rider^ Add-Ons: Additional benefits increase your premium but provide better coverage.

Buying early means locking in a lower rate for the entire term, so don’t wait until your 40s or 50s to start thinking about life insurance.

Is a 75 Lakh Term Insurance Plan Worth It?

A 75 lakh term insurance plan offers a strong balance between affordability and high coverage, making it a smart choice for individuals with financial dependents, loans, or future family commitments. If you’re looking for a reliable, long-term safety net without an overwhelming premium, this could be the right fit.

The best time to buy? Now. The sooner, the less expensive your premium—and the more peace of mind you'll have knowing your loved ones are covered.

1.What happens if I outlive my policy term?
Unless you buy a return-of-premium policy, the policy terminates with no pay-out. In the case that you have bought a return-of-premium variant, all the paid premiums are reimbursed.

2.Can coverage be increased later?
Some insurance providers allow you to increase cover at key points of your life, like getting married or giving birth. Be on the lookout for this option when buying your policy.

3.Will payment be taxable?
No, the death benefit is exempt from tax# under Section 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 of ₹608 is the monthly premium excluding taxes 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 and ₹501 is for the same modal point with first year premium discount of 10% for digital purchase and 8.5% for 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 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.
^~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.
¹⁴This 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.
^{^}Rider 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.
^#Income 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.
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.