• It may suit people with large financial liabilities, business obligations or substantial assets.
• The cover can support family expenses, debt repayment, estate planning and business continuity.
• Premiums depend on factors such as age, health, lifestyle, coverage and policy term.
• Optional riders can provide additional protection against specified risks.

Discover term insurance plans based on your protection requirements and financial responsibilities. Check plans and get a quote to compare available coverage.

Like other term insurance policies, the primary purpose is life protection rather than maturity returns. The cover can help dependents manage financial responsibilities, liabilities and long-term goals after the policyholder's death.

A cover of this size may be relevant when your financial responsibilities are substantial. These can include large loans, business obligations, significant assets or long-term dependent-care requirements.

You can explore term insurance plans starting at Rs. 14/day* for Rs. 1 crore term cover through Bajaj Finance Insurance Mall.

Get your quote to explore available term insurance options.

If the insured dies during the policy term, the insurer pays the applicable death cover to the nominee according to the policy terms and selected payout option.

You can learn more about how term insurance works before choosing a high-value policy.

What happens after you choose the policy?

Buying earlier may help you access lower premiums, although the actual premium depends on the insurer's assessment and the policy details.

A 30 crore cover may also be considered by people with significant dependent-care responsibilities, including long-term requirements involving elderly parents or differently abled family members.

For a high-value policy such as Rs. 30 crore, the insurer may require medical underwriting before deciding whether to issue the policy and determining the applicable terms.

You can get a term insurance plan through the following way: 

1. Select the policy term and premium payment option: Choose a suitable policy tenure and payment structure, such as regular pay or limited pay, where available.
2. Choose applicable riders: Consider available options such as accidental death benefit, waiver of premium or critical illness cover, depending on your protection requirements.
3. Complete medical underwriting: Provide the information and undergo the medical assessment required by the insurer.
4. Policy issuance: If the application is approved, the policy is issued with the applicable coverage and terms.
5. Claim processing: If a covered death occurs during the policy term, the nominee can initiate the claim and receive the applicable benefit according to the policy terms and payout option.

Compare policy terms and available coverage before deciding on a Rs. 30 crore term insurance plan. 

If you are looking for term insurance plans cover for 1 crore, then you check plans through Bajaj Finance Insurance Mall and get a quote based on your requirements.

The key benefits include:

For applicable tax treatment, refer to the current tax provisions and policy terms.

Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors.

Once you understand the protection you need, compare plans and assess the available premium options. Get quote!

Keep these factors in mind:

• Claim settlement information: Review the insurer's claim settlement ratio and grievance redressal track record. Generally, individuals consider insurers with a 95%+ claim settlement ratio.
• Premium payment option: Choose a payment frequency that fits your cash flow, such as monthly or annual payments where available.
• Rider selection: Consider accidental death, critical illness or income benefit riders based on your needs and the options available with the policy.
• Online premium calculation: Use a premium calculator to compare different policy-term and premium combinations.
• Payout preference: Where available, consider whether a lump-sum or staggered payout better suits your family's financial requirements.

Do not select a 30 crore cover simply because it is a large amount. Assess your actual liabilities, dependents, assets and long-term financial commitments first.

Which factors can affect your decision?

You should also review the insurer's servicing process, policy terms and available digital facilities before making a decision.

• Late 20s or early 30s: Buying earlier can provide access to lower premiums and longer policy-term options, subject to underwriting.
• Before major financial commitments: Consider your insurance needs before purchasing property, starting a business or having children.
• When your financial profile changes: A change in income or wealth may require you to reassess your existing life cover.
• After taking on significant debt: Home loans or business loans can increase the amount of financial protection your dependents may need.

If your financial responsibilities have increased significantly, assess your coverage needs before deciding whether a 30 crore policy is appropriate.

A 30 crore term insurance plan provides Rs. 30 crore of life cover during the policy term and may be relevant for people with substantial liabilities, business responsibilities, assets or dependent family members.

Before choosing this level of cover, assess your financial obligations, policy term, premium, underwriting requirements, payout options and available riders. Comparing plans can help you determine whether Rs. 30 crore matches your family's protection needs.

Explore term insurance options and get a quote based on your protection requirements.

Term and life insurance plans by sum assured