20 Crore Term Insurance plan

A 20-crore term insurance plan isn’t just about big numbers—it’s about making sure your loved ones are taken care of, no matter what life throws your way. Whether you’re a senior professional, entrepreneur, or someone with long-term financial goals, this plan offers the kind of life cover that truly matches your responsibilities.

Think of it as a financial safety net that protects everything you’ve built: your income, your family’s lifestyle, your children's future, and your legacy. It’s ideal for those who don’t just plan for today but think years—if not decades—ahead.

In this guide, we break down everything you need to know about a 20-crore term insurance plan—from how it works, who it suits best, to how you can get maximum value while keeping it affordable. Let’s get started and find the plan that protects what matters most to you.

What is a 20-crore term insurance plan?

A 20-crore term insurance plan is a high-sum life cover policy that provides your family with a payout of Rs. 20 crore if something happens to you during the policy term. It's a pure protection plan—no maturity benefit, but total peace of mind for your loved ones.

This kind of term insurance is designed for people with high incomes, significant liabilities, or major life goals they want to secure.

• Get large cover at surprisingly low premiums:

  Thanks to term insurance’s pure protection nature, even a high sum like ₹20 crore can come at affordable rates, especially if you buy early.

• Payout is tax-exempt under Section 10(10D):

  In the event of the policyholder’s demise, the entire death benefit received by the nominee is generally exempt from income tax under Section 10(10D) of the Income Tax Act, 1961, subject to conditions specified in the Act ensuring the full value of the cover reaches your family.

• Add-on benefits like critical illness or accidental cover available:

  Enhance your policy’s protection by including riders that pay out during your lifetime in case of specific health or accident scenarios.

You might wonder, "Isn't 20 crore too much?" But when you break down your financial goals—child's education abroad, clearing home loans, leaving a legacy—the number starts making sense.

A 20 crore term plan offers not just a safety net but a financial strategy to sustain your family's lifestyle, dreams, and dignity.

Here’s why this might be the smartest financial move:

• Protects high-value assets:

With a large cover, your family won’t need to liquidate property, business stakes, or investments during tough times.

• Income replacement for 20+ years:

Rs. 20 crore can substitute your income for decades, supporting everyday expenses, education, and lifestyle needs.

• Supports global education or life goals:

Secure international tuition, higher education, or wedding expenses—your dreams for your children stay intact.

• Covers large debts or liabilities:

Whether you have a home loan, business loan, or EMIs, the payout can settle everything instantly.

• Ensures legacy and estate planning:

Leave behind wealth to the next generation and ensure smooth succession with this planned financial backup.

Compare premiums and pick what fits you best → Check plans now and get quote!

If you are someone with significant income, dependents, or long-term financial commitments, this coverage makes complete sense.

A 20 crore life cover is a fit if your family’s well-being depends entirely on your earnings and you don’t want their lifestyle disrupted.

Ideal for the following profiles:

• Senior professionals in their 30s-50s:

CXOs, doctors, and lawyers with long-term income potential should align cover with expected lifetime earnings.

• Business owners or startup founders:

Business continuity and personal financial security both benefit from a strong term plan.

• Parents with children studying abroad:

Protect foreign education costs, which can run into crores, even in your absence.

• HNIs with wealth or estate to secure:

Use insurance to preserve assets and manage succession planning efficiently.

• Primary earners in high-dependency families:

If your family depends on your income, a high-value cover ensures uninterrupted living standards.

Find your best-fit coverage in minutes. Enter your mobile number, verify it and fill in a few details to compare plans and get quote!

Term plans are simple, but when the sum assured is Rs. 20 crore, the process and benefits become even more valuable. Here's how it functions:

You pay a fixed premium for a selected term. If anything happens to you within that period, your nominee gets Rs. 20 crore. If you outlive the policy, there’s no payout, unless you opt for return of premium in term insurance.

Here’s what you choose at the start:

• Policy term:

Based on your age and goals, choose coverage of 20 to 40 years. The younger you start, the longer and cheaper the protection.

• Payout structure:

Opt for a one-time lump sum, staggered monthly income, or a hybrid—depending on what your family can manage best.

• Riders:

Add-ons like critical illness, accidental death, and waiver of premium offer enhanced protection for life’s uncertainties.

• Premium payment method:

Pick a mode that suits your cash flow—monthly, annually, or even limited pay for early completion.

Check all plan features tailored to your life stage → Compare plan options here and get quote!

Key benefits of getting a 20-crore term insurance policy

The number may sound large, but it’s not just about size—it’s about impact. A 20-crore term plan brings more than financial support; it brings time, stability, and emotional security to your family.

Key advantages:

• Low premium for high coverage:

Because it’s pure protection, you can get 20 crore cover for a small monthly outgo—ideal if bought early.

• Tax benefits:

Premiums paid may qualify for deduction under Section 80C, and  the death cover is generally exempt from income tax under Section 10(10D), subject to conditions specified in the Act.

• High claim settlement ratio:

Most leading insurers have 98%+ settlement rates, offering peace of mind that your family will receive the promised benefit.

• Flexibility in riders and payout:

Customise the plan to include riders or select payout formats that match your family’s financial habits.

• Option for Return of Premium:

Don’t want to lose your premiums? Get the full amount back if you survive the term, for a slightly higher cost.

Tips to choose a 20-crore term insurance policy

Choosing a high-value term plan means going beyond price. You need to balance affordability with flexibility, coverage and future planning.

Here are ways to pick the most suitable 20 crore plan:

Selection checklist:

• Choose the right insurer:

Focus on claim settlement record, financial strength, and digital support.

• Match term with your retirement age:

Ensure the policy protects you through your working years, ideally till age 60–70.

• Go for income + lump sum payout:

A hybrid model ensures your family gets immediate relief plus sustained monthly support.

• Add relevant riders:

Riders like critical illness or accidental death provide extra coverage without a separate policy.

• Use return of premium if unsure:

It’s a good fallback if you are uncertain about investing your premiums elsewhere.

Compare premiums based on these tips and Get Quote!

Key factors to consider when buying a 20-crore term insurance policy

There are a few essential factors to think about before signing on the dotted line. It’s not just about the amount—it’s about the impact.

Think through:

• Your current income and liabilities:

Make sure the sum assured fits your financial commitments and replaces your income effectively.

• Your age and health status:

The younger and healthier you are, the cheaper the premium and smoother the approval process.

• Family’s awareness of finances:

Choose a payout format that your nominee can easily manage—especially if they’re not financially savvy.

• Premium payment flexibility:

Flexi-pay options let you adapt premiums to your cash flow, reducing long-term strain.

• Digital claim process:

Choose insurers offering digital-first processes for faster, smoother claims.

Begin your policy planning today → Check plans, premiums and get quote in a few minutes!

When should you buy a 20-crore term insurance policy?

The earlier you buy, the better the benefits. Premiums are lower, approvals are easier, and you get longer coverage.

Ideal time to buy:

• In your 20s or 30s:

Maximise affordability and coverage length by locking in low premiums early.

• After major life milestones:

Marriage, becoming a parent, or buying a home are key triggers to reassess protection needs.

• When starting or scaling a business:

Protect both personal income and business liabilities with a strong cover.

• Post salary hikes or promotions:

Align your sum assured with your increased earning power and future goals.

• When children start school:

Long-term education goals can be financially safeguarded with a large cover in place.

Conclusion

A 20-crore term insurance plan gives you peace of mind and your family the financial freedom they deserve. It’s not just about protection—it’s about preserving dreams and building legacies.

Ready to protect what matters most? Compare plans, get quote, and apply online now!