Published Jun 30, 2025 3 min read

Introduction

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.

Why do you need a 4 crore term insurance plan?

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.

What are the benefits of buying a term insurance plan for 4 crore coverage?

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.

 

Factors to consider before buying a term insurance plan of 4 crore coverage

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

Frequently asked questions

What is a 4 crore term insurance plan and who should consider buying it?

A 4 crore term plan offers Rs. 4 crore coverage for your nominee in case of your death. It's ideal for people earning Rs. 15 lakh and above annually with long-term financial responsibilities. 

How are the premiums for a 4 crore term insurance plan calculated?

They depend on your age, health, smoking status, policy term, and riders. Younger and healthier individuals pay lower premiums.

What are the tax benefits associated with purchasing a 4 crore term insurance policy?

Premiums paid qualify for deductions under Section 80C. The claim received by nominee is exempt under Section 10(10D). 

What happens if I survive the entire policy term of my 4 crore term insurance plan?

Term plans typically offer no maturity benefits. But you can opt for return of premium option in term insurance riders to get back your total premiums.

What additional benefits or "riders" can I add to a 4 crore term insurance policy?

Riders include critical illness cover, accidental death cover, waiver of premium, and income benefit riders. 

Show More Show Less

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals. 

You can use the Bajaj Finserv App to: 

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.