60 lakh Term Insurance plan

Life comes with dreams, responsibilities, and unexpected turns. That’s why securing your family’s future with a 60 lakh term insurance plan is one of the most valuable steps you can take. It’s an affordable way to make sure your loved ones are taken care of—even when life throws the unexpected.

Term insurance is now simpler and more accessible than ever. Whether you’re planning for your family’s future, buying a home, or securing your child’s education, a 60 lakh cover gives you the cushion you need.

What is a 60-lakh term insurance plan?

A 60 lakh term insurance plan is a pure life cover that provides your family with a payout of Rs. 60 lakh in case something happens to you during the policy term. It’s not a savings or investment policy—it’s protection with purpose.

Because there are no maturity benefits, the premium is much lower compared to other insurance types. You can start young, lock in a low premium, and relax knowing your family’s future is financially secured.

Want to see what your premium might be? Check plans of 1 crore term insurance, starting at Rs. 15/day* and get quotes for you in seconds.

Let’s face it: you work hard for your family. A 60 lakh term plan ensures they don’t have to struggle financially in your absence.

You’re not just insuring your income—you’re protecting memories, dreams, and daily comfort. With the right plan, you can support their education, home, healthcare, and more.

Here’s why it’s a smart move:

• Low cost, high cover: 

  Affordable premiums can get you coverage that lasts decades. 

• Covers major life goals: 

  Funds for your child’s education, home loan EMIs, and everyday living.

• Peace of mind: 

  Once it’s done, it’s done. You’ve secured your family's financial future.

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Why do you need a 60-lakh term insurance plan?

If your family depends on your income, this cover can make all the difference. Think beyond today—think of 10, 15, even 20 years ahead.

A 60 lakh payout can support your family’s lifestyle and long-term aspirations, even in your absence.

Top reasons:

• Replace income for 10–15 years: 

  Ensure your family doesn’t compromise on needs or dreams.

• Repay liabilities: 

  Settle home loans or other debts without worry.

• Future-proof education goals: 

  Give your child a shot at the best, without interruption.

• Secure a financial legacy: 

  Leave behind more than memories.

It’s simpler than it sounds: You pay a regular premium, and your nominee gets Rs. 60 lakh if something happens to you during the term.

You can customise the policy according to your life stage, financial goals, and affordability.

Here’s a quick breakdown:

• Select sum assured: Rs. 60 lakh
• Choose policy term: 10–40 years
• Pay fixed premium: Premiums are lower for a non-smoker and for those with healthy lifestyle habits
• Get add-ons: Critical illness, accidental death, waiver of premium, etc.
• Nominee receives payout: In case of death during policy term

Try our premium checker to see plans based on your age and habits.

What are the benefits of buying a term insurance plan for 60 lakh coverage?

Choosing a 60 lakh term insurance plan isn’t just a financial decision—it’s a promise of care, stability, and peace for your family’s future.

What makes it worth it?

• More coverage, less cost: 

  You get a high sum assured for a surprisingly low premium—ideal for smart budgeting.

• No premium surprises: 

  Once set, your premium stays the same throughout your policy term.

• Tax perks: 

  You may be eligible to claim deductions of up to Rs. 1.5 lakh per year under Section 80C, as per prevailing tax laws another reason to start investing early.

• Tailored protection: 

  Add optional benefits like critical illness or accidental death cover based on your life stage and goals.

• Hassle-free claims: 

  Most insurers now offer a simple, online claim process—easy for your family when they need it the most.

Make the most of your tax benefits—get your free, customised quote in just a few clicks.

Is 60 lakh enough? The answer depends on your family’s needs, lifestyle, and future expenses. But there’s a simple formula to guide you.

Start by calculating:

• 10–15 times your annual income: 

  A good benchmark for long-term replacement.

• Outstanding loans or debts: 

  Home loan, car loan, or business liabilities.

• Future goals: 

  Education, marriage, healthcare.

• Daily expenses x number of years: 

  Multiply monthly spending with estimated dependent years.

Not sure what amount fits your life? Fill in a few details to check term insurance plans available for you and Get Quote – all in a few seconds.

Factors to consider before buying a term insurance plan of 60 lakh coverage

Buying life insurance is a long-term decision. Get it right the first time by checking off some critical considerations.

Keep these in mind:

• Term that matches your goals: 

  Align with your retirement age or youngest child’s independence.

• Affordability: 

  Pick a plan you can comfortably maintain.

• Company credibility: 

  Look at claim settlement ratio, customer feedback.

• Add-on riders: 

  Customise based on health or lifestyle risk.

• Online vs offline: 

  Buying online can save 20–30% on premium.

Get curated plan options and price comparisons straight on your mobile screen. Just verify your number to Get Quote!

How do you choose the right term insurance plan for 60 lakh?

Not all term plans are created equal. The best one fits your needs today and scales with your life tomorrow.

Checklist for the right plan:

• Choose the right payout type: 

  Lump sum or staggered? Choose the one that suits your budget and needs.

• Match policy term with your family goals: 

  20, 30, or 40 years? Choose the policy for matches your life goals.

• Check for early exit or premium waiver options: 

  This adds flexibility.

• Insurer’s service record: 

  Easy claims, good support, no red tape.

When should I buy the term insurance plan of 60 lakh coverage?

The earlier, the better. Your age and health directly impact the premium.

Ideal times to buy:

• In your 20s/early 30s: 

  Premiums are lowest and lock-in period is longest.

• Before marriage or parenthood: 

  Secure your family’s future before they even need it.

• After income rise: 

  Reassess your insurance needs and upgrade your cover.

Secure your premium before your next birthday. Check plans now—no login needed.

Conclusion

A 60 lakh term insurance plan is more than a financial tool—it’s your family’s financial safety net. With affordable premiums, high protection, and flexible options, it’s the right time to act.

Get your personalised term plan quote, compare top insurers, or speak to an advisor—right here, right now.