Understanding how this plan functions makes it easier to decide. The structure is straightforward:
When you buy a Rs. 9 crore term plan, you:
- Choose the term (e.g., 25, 30, or 40 years)
- Select payout method (lump sum, monthly income, or combo)
- Pay an annual premium for the chosen term
In the event of your demise during the policy period, your nominee receives the payout. If you survive the term, there’s no maturity benefit unless you opt for return of premium (ROP) in term insurance.
Let’s simplify it further:
Select a term that covers you till retirement or beyond (90–70 years).
Add riders for enhanced coverage:
Add-ons like critical illness or accidental death can boost your protection.
Return of premium option:
Get back your total premium paid if you outlive the policy.
Key benefits of getting a 9-crore term insurance policy
Here’s what makes a Rs. 9 crore term insurance plan stand out—it’s not just about the size of the cover, but the confidence it brings to your future planning.
High protection at a lower cost compared to traditional plans.
Customise your plans with rider options, flexible payout modes, premium payment term etc.
Premiums qualify under Section 80C; payouts are generally exempt from tax under Section 10(10D).
Financial independence for family:
Your family does not have to compromise their goals.
High claim settlement track record:
Reputed insurers have >98% claim settlement ratio, which means they have a strong track record of honouring claims promptly offering your loved ones peace of mind when they need it the most.
Tips to choose a 9-crore term insurance policy
Choosing the right plan means looking beyond just the price. Let’s make it easy.
Here’s how to approach it:
Compare plans from top insurers:
Look for reputation, claim settlement ratio, and flexibility.
Match term to financial milestones:
Align cover period to goals—kids' college, retirement age etc.
Lump sum for instant needs, monthly income for long-term support.
Select rider benefits wisely:
Add critical illness or disability benefit based on your needs.
Evaluate ROP if unsure about “no return”:
Opt for Return of Premium if peace of mind matters.
Still confused about plan comparison? Explore plans depending on your life stage and requirements – get quote to evaluate the plans further.
Key factors to consider when buying a 9-crore term insurance policy
Before locking in your choice, keep these critical factors in mind:
Your age and health status:
Early purchase = lower premium; health conditions may increase costs.
Income and existing liabilities:
Ensure your sum assured covers loans and future goals.
Premium payment capacity:
Choose annual, limited or single-pay depending on cash flow.
Family’s financial literacy:
Opt for payout modes they’ll understand and manage.
Insurer’s digital and support services:
Easy claim process and online servicing matter.
Not sure how much cover you need? Enter your age, income and lifestyle details and get an instant recommendation – Get Quote!
When should you buy a 9-crore term insurance policy?
The right time? As early as possible.
Buying early means:
Younger = healthier = cheaper premium.
Protects you across life stages: kids, career, retirement.
No medical complications:
Easier approvals before health risks arise.
Many plans now offer zero medical or video KYC options.
Conclusion
A 9-crore term insurance plan is more than just a number—it’s your family’s financial safeguard for the long term. Whether you’re thinking about protecting your child’s future or giving your spouse a worry-free retirement, this cover gives you the power to plan fearlessly.