4 Crore Term Insurance plan

Looking to financially protect your family with a term cover that truly secures their future? A 4 crore term insurance plan offers high-value coverage at surprisingly affordable premiums, giving your loved ones the freedom to maintain their lifestyle, dreams, and financial stability — even in your absence.

Whether you're a growing professional, business owner, or high-income earner planning long-term, this plan helps you lock in peace of mind today.

What is a 4 crore term insurance?

A 4 crore term insurance plan is a life insurance policy that provides your nominee a lump sum of Rs. 4 crore in the event of your unfortunate demise during the policy term. It’s a non-investment, pure risk cover designed to replace your income, pay off liabilities, and secure your family's future.

If you are in your 30s or 40s, this policy can cost just a few hundred rupees a month, offering 80x to 100x income protection.

Explore customised options based on your income and financial goals and Get Quote!

Why should you buy a Rs. 4 crore term insurance plan?

A term plan for 4 crore is ideal if your financial obligations and dependents require a high-value safety net. It helps cover:

Here's why buying this plan is a smart choice:

• Financial protection for dependents: 

  Rs. 4 crore ensures your family can sustain their standard of living.

• Covers outstanding debts: 

  Ideal for home loans, business loans, and personal loans.

• Future-proofing for inflation: 

  Rising costs of living, education, and healthcare are covered over time.

• Tax benefits under Section 80C & 10(10D): 

  Premiums paid may be eligible for deductions under Section 80C, and maturity proceeds may be exempt under Section 10(10D), subject to conditions and prevailing tax laws. 

• Customisable coverage through riders: 

  Add benefits like accidental cover, critical illness, and waiver of premium.

Still not sure what premium suits your income? Start with an instant quote by entering your mobile number – verify it and compare plans and premiums.

You may wonder — is 4 crore really necessary? If you're earning Rs. 15L–30L annually, this is the ideal coverage benchmark to protect your family.

Here’s when a Rs. 4 crore plan becomes a need, not a luxury:

• You're the sole breadwinner: 

  Your family’s future depends on your income.

• You have young children: 

  Education, marriage, and other life milestones need future-ready funds.

• You have long-term loans: 

  A large cover ensures liabilities don't fall on family.

• You're growing wealth or building assets: 

  Coverage ensures legacy protection.

• Your spouse is a homemaker: 

  Lack of second income increases dependency.

Don’t wait for tomorrow. Get your personalised premium estimate and choose a plan that suits you the most. Get Quote now!

How does a 4 crore term insurance plan work?

It works in a simple, transparent, and efficient way.

Here's how a typical 4 crore term policy functions:

• You choose your policy term: 

  E.g., 30, 35, or 40 years.

• Select sum assured of Rs. 4 crore: 

  Lock in premium at today’s rates.

• Pay annual/monthly premium: 

  The premium depends on various factors like age, health, lifestyle habits etc. It also varies from insurer to insurer and the plan you choose.

• Nominee receives payout on death: 

  The death cover may be exempt from tax under Section 10(10D), subject to conditions specified under the Income Tax Act and prevailing tax laws.

• No payout if you survive term: 

  It's pure protection.

Want to see how it fits into your budget? Tap on ‘Get Quote’ and fill in a few details to check plans and know your premium now.

Beyond just high coverage, this plan comes packed with multiple advantages tailored to today’s financial needs.

Top benefits of 4 crore term insurance:

• Affordable premiums: 

  Term insurance plans come at low premiums with high coverage benefit. Premiums will depend on your age, lifestyle, coverage choice, and goals.

• Flexible payout options: 

  Lump sum, staggered monthly income, or combination.

• Add-on riders for better protection: 

  Critical illness, accidental death, etc.

• Online servicing and fast issuance: 

  No paperwork hassle.

How do you determine the right coverage amount in term insurance?

Choosing Rs. 4 crore may sound like a lot — but it’s important to calculate realistically.

Use this method to find your ideal coverage:

• Income Replacement (X 15-20): 

  Multiply your annual income by 20.

• Add liabilities: 

  Home loan, business loans, credit card dues.

• Children’s goals: 

  School, higher education, wedding fund.

• Spouse's retirement and emergency fund.

While the coverage value is vital, don’t overlook other essential aspects.

Key factors to evaluate:

• Claim settlement ratio of insurer: 

  Go with an insurer that has a high claim settlement ratio — to ensure your nominee’s claim is more likely to be honoured quickly.

• Policy term vs. retirement age: 

  Choose a policy term that extends at least till your retirement age (60–65), so your family stays protected during your peak working years.

• Premium affordability: 

  Make sure the premium comfortably fits into your budget. If you're worried about losing money if you outlive the term, consider the 'return of premium' option.

• Rider suitability: 

  Add riders like critical illness or income benefit depending on your lifestyle, medical background, and financial responsibilities.

• Medical history and lifestyle: 

  Your health conditions and habits (like smoking) can affect both premium cost and approval. Disclose everything honestly for smoother processing.

Explore rider combinations and build a term insurance plan that fits. Check plans and get quote!

How do you choose the right term insurance plan for 4 crore?

Not all policies are created equal. Selecting the most suitable term plan requires matching features to your needs.

Checklist to choose the most suitable plan:

• Compare premiums across top insurers: 

  Use term insurance comparison tools to see which provider offers the best value based on your age, term length, and coverage needs.

• Check flexibility in premium payment: 

  Choose from monthly, annual, limited pay (e.g. pay for 10–15 years), or single pay options depending on your budget and income flow.

• Evaluate claim process and customer support: 

  Look for insurers known for fast and hassle-free claim settlements, with high claim settlement ratios and 24x7 customer service.

• Customise payout structure: 

  You can opt for a full lump sum, staggered monthly payouts, or a mix — helping your family better manage money over the long term.

• Digital tools and ease of servicing: 

  Ensure the insurer provides digital onboarding, e-KYC, policy tracking, and even medical-free issuance if you meet criteria.

With Bajaj Finance Insurance Mall, get 1 crore term insurance plans, starting at just Rs. 15/day*. Click on ‘Get Quote’, enter and verify your number to compare plans and fill in a few details to know your premium.

When should I buy the term insurance plan of 4 crore coverage?

Time is money — and more so with term insurance.

Ideal time to buy Rs. 4 crore term cover:

• In your 20s and 30s: 

  Lock lowest premiums and maximum term.

• Before big milestones: 

  Marriage, buying a home, becoming a parent.

• After a major income rise: 

  Upgrade to 4 crore coverage.

• Before health conditions develop: 

  Ensure smoother approval and lower premiums.

Conclusion

A 4 crore term insurance plan gives you the financial muscle to safeguard your family's future in a meaningful, measurable way. With low premiums, flexible features, and high returns in emotional peace-of-mind, it’s one of the smartest financial moves you can make today.

Start here: Compare, calculate and customise your term plan journey now.

Check premium → Compare plans → Get Instant Quote