• It can help protect against large home loans, business loans and other debts.
• The cover can support children's education, marriage, retirement needs and household expenses.
• Payouts may be structured as a lump sum, monthly income or staggered benefits, depending on the plan.
• The plans may offer coverage till age 85 or 99 and optional riders.

Assess your income, liabilities and dependants before choosing the cover amount. Use a term insurance premium calculator to estimate your premium and compare available coverage options.

A Rs. 10 crore term insurance plan provides life cover of Rs. 10 crore to the policyholder's dependants if the policyholder dies during the policy term, subject to the policy terms and conditions.

It is a pure protection plan without an investment component. The large sum assured can be relevant for families managing significant financial commitments, particularly where income, liabilities and future expenses are substantial.

Premiums depend on factors such as the policyholder's profile and selected cover. A Rs. 10 crore cover can start at a few thousand per month, particularly when bought early in life.

A Rs. 10 crore term insurance plan provides life cover of Rs. 10 crore for a chosen policy term. You pay premiums as agreed, and if the life insured passes away during the policy term, the nominee receives the applicable death cover based on the selected payout option.

The premium and eligibility depend on factors such as age, income, health, occupation, lifestyle, existing life cover and financial liabilities. Since Rs. 10 crore is a high sum assured, the insurer may require additional income proof or medical assessment before approving the cover.

1. Helps protect your family's lifestyle:

A Rs. 10 crore cover can provide financial support for regular household expenses and future commitments. This can help your dependants maintain their standard of living without relying entirely on their existing savings or assets.

2. Can help manage large debts:

Large home loans, business loans and personal debts can create significant financial pressure for your family. The insurance payout can help them address these liabilities without disrupting other financial plans.

3. Supports long-term financial goals:

The death cover can provide funds for important goals such as children's education, marriage and the retirement needs of dependants. This can help reduce the financial impact of losing the policyholder's income.

4. Can support estate planning:

A high-value life cover can form part of your broader financial and succession planning. The insurance proceeds can provide liquidity and support your family's financial transition after your demise.

5. Provides financial reassurance:

Knowing that your dependants have substantial life cover can provide greater financial confidence. It can help you plan your present commitments while keeping your family's long-term financial needs in consideration.

A Rs. 10 crore life cover can provide substantial financial protection for families with high incomes, large loans, business responsibilities or significant future expenses. It can help replace lost income, repay liabilities and support goals such as children’s education and long term financial planning.

However, Rs. 10 crore may not be suitable for everyone. The right sum assured should reflect your income, existing liabilities, dependants, lifestyle needs and future financial goals, so you can maintain adequate protection without taking on an unnecessarily high premium.

You may consider this level of cover if you fall into one of these categories:

Your required cover should reflect your financial responsibilities and the needs of your dependants rather than the cover amount alone.

If your income and liabilities have increased, assess your coverage needs to see whether Rs. 10 crore of life cover fits your financial responsibilities.

Investing in a high-value life insurance plan comes with significant strategic benefits. Beyond basic protection, a Rs. 10 crore cover helps in wealth preservation, intergenerational planning, and even business continuity.
 

Here is how you benefit:
 

• Financial security for your family: The Rs. 10 crore payout ensures that your loved ones can handle expenses, repay debts, and plan their future even in your absence.
• Tax efficiency: Premiums qualify for deductions and death covers are eligible for tax-exempt under the Income Tax Act 2025.
• Support for long-term goals: Whether it is higher education, marriage, or starting a business, this plan helps secure your children’s milestones.
• Ideal for HNIs and professionals: Entrepreneurs, doctors, IT professionals, and business owners with high liabilities can use it to protect against financial disruptions.
• Business continuity support: Can be used in keyman insurance, loan collateral, or succession planning.

Many users like you check premiums first. Why not check yours now? Click on Get Quote to know the details.

Popular customisation options include:

• Increasing cover plans: The sum assured increases annually to match inflation and lifestyle growth.
• Return of premium: Get all your paid premiums back if you survive the policy term with return on premium option in term insurance.
• Joint life coverage: Cover both spouses under a single policy—ideal for dual-income households.
• Critical illness and health riders: Add protection against cancer, cardiac conditions, or disability without buying separate health insurance.
• Payout flexibility: Choose lump sum or staggered monthly income so your family gets steady support over time.
• Global coverage: Stay protected even if you travel or relocate abroad.

Here is how you qualify:

• Minimum annual income requirement: Most insurers require a minimum income of Rs. 50–60 lakh per annum. However, this requirement may vary from insurer to insurer and policy you would like to choose.
• Age bracket: Ideally between 25 to 45 years to get suitable premium rates and acceptance.
• Professional and financial background: Salaried professionals must show salary slips and Form 16. Business owners require ITRs, balance sheets, or audited accounts.
• Medical history and health check: Comprehensive medical screening is often mandatory for high sum assured. Applicants with lifestyle diseases may be accepted with a premium loading.
• Lifestyle assessment: Non-smokers and those with clean health records are offered better terms.
• Insurance exposure limit: The insurer will also consider your total insurance exposure (across other policies) before issuing a new one.

How much can it cost?

For a healthy 30-year-old non-smoker, premiums can start from just Rs. 1,200-Rs. 1,500 per month for a Rs. 10 crore cover.

Key premium insights and tax benefits:

• Premium efficiency: Lower premiums for younger age brackets. Also, pay annually to save more vs. monthly instalments.
• Tax benefits on premiums: Claim up to Rs. 1.5 lakh per year under Section 123 of the Income Tax Act 2025 if opted for the old tax regime.
• Tax-exempt payout: The sum assured received by your nominee is completely exempt under Section 11 of the Income Tax Act 2025.
• GST on premium: No GST is applicable on premium payments.

Here are the key factors you should consider before finalising your plan:

• Premiums:

Your premium should be affordable not just today, but throughout the policy term. Compare plans based on your age, health, lifestyle, and coverage duration.

It’s always wise to strike a balance between high coverage and manageable premiums so that your policy stays active without putting pressure on your finances.

• Important add-ons:

Add-ons, also known as riders, enhance your base policy by offering extra protection against specific risks.

Look for riders that align with your needs, as they can significantly strengthen your coverage without requiring a separate policy.

• Critical illness cover:

A critical illness rider provides a lump sum payout if you’re diagnosed with serious illnesses like cancer, heart disease, or kidney failure.

This benefit helps cover treatment costs and income loss, ensuring your savings and long-term plans remain unaffected during difficult times.

• Life stage benefits:

Your financial responsibilities change over time—marriage, children, home loans, and more.

A plan with life stage benefits allows you to increase your coverage at key milestones without undergoing additional medical tests, keeping your protection aligned with your evolving needs.

• Death cover instalments:

Instead of a single lump sum payout, some plans offer the option to receive the death benefit in instalments.

This ensures a steady income for your family, helping them manage monthly expenses and maintain financial discipline over time.

• Accidental disability or death:

  
  

   

This rider provides additional financial support in case of accidental disability or death.

It can offer a lump sum payout or regular income, helping your family cope with sudden financial disruptions and ensuring continued financial stability.

• Death claim settlement ratio:

  
  

   

The claim settlement ratio reflects the insurer’s reliability in settling claims.

Choosing an insurer with a high claim settlement ratio increases the chances that your family’s claim will be processed smoothly and without unnecessary delays, giving you added peace of mind.

The claim process for a Rs. 10 crore term insurance plan generally starts when the nominee informs the insurer about the claim and submits the required documents, such as the claim form, death certificate and policy documents. The insurer verifies the policy, claimant details and other information before deciding the claim.

For a death claim that does not require investigation, the insurer is required to settle it within 15 days of claim intimation. If an investigation is required, the applicable timeline is 45 days from claim intimation. If the claim is not settled within the prescribed timeline, the claimant is entitled to interest at the bank rate plus 2% for the delay.

Getting a Rs. 10 Crore Term Insurance policy is straightforward if you follow the right steps:

• Assess coverage needs – Evaluate income, liabilities, and lifestyle expenses.
• Compare insurers – Look at claim settlement ratios and premium options.
• Use calculators – Estimate affordability with online term plan calculators.
• Apply online – Fill in details, select riders, and submit documents.
• Medical check-up – Complete health tests if required.
• Receive policy – Once approved, get your digital policy document.

To apply for a Rs. 10 crore term insurance plan, you generally need identity and address proof, age proof, income documents, photographs and medical records, as requested by the insurer. Since this is a high sum assured, the insurer may ask for additional financial documents to assess your income and coverage eligibility.
 

Commonly required documents include:

• Identity and address proof: Aadhaar card, passport, driving licence or other accepted documents.
• Age proof: Aadhaar, passport, birth certificate or other accepted proof.
• Income proof: Salary slips, Form 16, income tax returns or bank statements, depending on your employment or business profile.
• Medical records: Existing medical reports or health information, where applicable.
• Photograph: Recent passport size photograph, if required.
• Application form: Completed proposal form with accurate personal, financial and health details.

The exact documents can vary based on your age, occupation, income, health profile and the insurer's underwriting requirements.

A Rs. 10 crore term insurance plan can provide substantial financial protection for families with high incomes, major liabilities and significant long term financial responsibilities. The right cover should reflect your income, dependants, loans, future goals and overall financial needs.
 

Before choosing a plan, compare the available coverage options, understand the premium, check the policy term and consider suitable riders. A term insurance calculator can also help estimate the premium and assess whether Rs. 10 crore of life cover fits your protection requirements.