7.5 Crore Term Insurance plan

If you're earning well, investing regularly, and planning for your family's long-term financial goals, your life cover should reflect that ambition too. A 7.5-crore term insurance plan helps you align your protection with your income, lifestyle, and aspirations—all while keeping premiums in check.

This plan is not about over-insuring. It's about right-sizing your protection to match your future.

What is a 7.5-crore term insurance plan?

A 7.5-crore term insurance plan is a life insurance policy that offers a fixed sum assured of Rs. 7.5 crore to your nominee in case of your unfortunate demise during the policy term.  This plan does not offer any maturity or survival benefits. However, it ensures financial security for your family by offering a substantial death benefit, which is generally exempt from tax under Section 10(10D) of the Income Tax Act, 1961, subject to applicable terms and conditions.

This is ideal for people who have significant responsibilities or want to future-proof their family's finances in one stroke—education, EMIs, retirement planning, and lifestyle continuation.

Want to know how much you'd pay? Start with your premium check now. Compare plans, explore riders, and personalise your term cover – Get Quote!

Why should you buy a 7.5-crore term insurance plan?

If you are financially sound, your life cover should scale with your income and liabilities. A 7.5 crore plan helps you:

Your protection should match your progress. Here's why this plan fits:

• Cover long-term liabilities: 

  From home loans to business funding, high-value term insurance keeps your family's finances safe.

• Support children's education goals: 

  A 7.5 Cr cover can fund higher education in India or abroad without compromising lifestyle.

• Replace income for decades: 

  It ensures your family doesn’t have to downgrade lifestyle even in your absence.

• Ensure tax-efficient inheritance: 

  The lump sum is is generally exempt from tax under 10(10D) and can be used for wealth transfer to your nominee subject to applicable terms and conditions.

• Be financially prepared for the unexpected: 

  No one plans for life’s curveballs. This plan ensures your family won't feel the shock.

Check your estimated premium and see which plan suits your life stage best → Get Quote!

This isn't for everyone—but for those with rising income and responsibilities, it’s a fit. Typically:

If you relate to these profiles, a 7.5 Cr term cover is worth considering:

• Mid-career professionals in metro cities: 

  Salaries are high, so are EMIs and future goals. Ensure income continuity.

• Second-time buyers upgrading cover: 

  Already have a term plan? Add 7.5 Cr to match new responsibilities.

• Entrepreneurs scaling operations: 

  Business loans and future goals need long-term protection.

• Parents of young children:

  Education, marriage, and life support can be secured upfront.

• HENRYs (High Earner, Not Rich Yet): 

  Growing income? Start with 7.5 Cr and scale up later.

Still unsure if this fits you? Get a personalised plan suggestion in seconds → Get Quote!

How does a 7.5-crore term insurance policy work?

While the payout is big, the process is simple and entirely digital today.

Here’s how your 7.5 Cr cover kicks in:

• Select your term and payout mode: 

  Choose tenure (like 25-40 years) and decide if payout is lump sum or staggered.

• Complete medicals and documentation: 

  Some plans offer instant coverage, others need a basic medical check.

• Add useful riders: 

  Like critical illness, disability waiver, accidental death, etc.

• Policy begins after issuance: 

  From day one, your nominee is protected with full Rs. 7.5 crore coverage.

• Tax benefits for nominee: 

  In the event of the policyholder’s demise, the insurance claim is processed digitally and paid to the nominee as per the chosen payout option. The death benefit is generally exempt from tax under Section 10(10D) of the Income Tax Act, 1961, subject to applicable terms and conditions.

You don’t just get a large payout. You get peace of mind, financial control, and protection at every life stage.

Explore why 7.5 crore is a smart, scalable number:

• Optimal premium value: 

  It’s high enough to offer robust cover without inflating your premium.

• Better claim alignment with your needs: 

  Most life goals (education, EMIs, care) can be funded with this sum.

• Flexible tenure options: 

  Choose coverage till 60, 65, or 75 depending on family needs.

• Digital-first plans: 

  Paperless, hassle-free, and with easy claims tracking.

• Strong tax benefits: 

  Save up to Rs. 1.5 lakh annually under Section 80C. Payouts are also tax-exempt.

Get quotes from leading insurers offering low premiums and high claim ratios → Check plans and Get Quote!

Tips to choose a 7.5-crore term insurance policy

Buying a policy is easy. Choosing the right one is what makes it work.

Here’s what to keep in mind while comparing plans:

• Check the insurer’s claim settlement ratio: 

  Aim for 95%+ for high trust.

• Go for plans with accelerated claim benefits: 

  Some plans pay early in terminal illness cases.

• Use the premium calculator extensively: 

  Try combos of age, tenure, rider to find best fit.

• Choose payout mode based on dependents: 

  Monthly income or staggered payouts help manage money better.

• Add riders only if they offer practical value: 

  Don’t just stack all riders. Pick what suits your life stage.

Not every policy is created equal. Look beyond premium when deciding.

Review these factors before hitting ‘Buy’:

• Your income and liabilities: 

  Ensure cover is at least 15-20x of income + debts + life goals.

• Age & lifestyle habits: 

  Early buyers get best rates. Disclose habits for honest pricing.

• Insurer service and digital process: 

  Is the journey smooth from buying to claim?

• Exclusions and waiting periods: 

  Know what’s not covered (suicide, war, etc.).

• Claim process for nominee: 

  Some insurers offer 24-hr claim processing with minimal paperwork.

When should you buy a 7.5-crore term insurance policy?

Earlier is always better when it comes to locking in premiums and maximising term.

Here’s when to opt for this policy size:

• In your late 20s or early 30s: 

  Get the lowest premium and longest coverage.

• Just after major life events: 

  Marriage, birth of child, new loan? Upgrade now.

• When you cross Rs. 80L+ salary slab: 

  High income needs proportional protection.

• Post business expansion or new funding: 

  Secure your family against business risks.

Don’t delay. Use term insurance premium calculator online to know your exact rate instantly →

Conclusion

A 7.5-crore term insurance plan is a smart, future-ready choice for anyone building a secure life for their family. It’s not just coverage—it’s clarity, continuity, and comfort. Explore options today and step into long-term peace of mind.

Check quotes, shortlist plans, and personalise your term insurance journey now → Get Quote!