Key takeaways:

• Rs. 9 crore term insurance plan may suit individuals with substantial financial responsibilities.
• Premiums depend on factors such as age, health, lifestyle, occupation, policy term and underwriting.
• Policy terms generally range from 5 to 40 years, depending on the insurer and plan.
• Optional riders can provide additional protection, depending on the selected policy.
• Eligible premiums and policy proceeds may qualify for tax benefits under relevant sections of the Income Tax Act 2025, subject to applicable tax laws and conditions.
• Buying early may help you secure lower premiums because younger applicants generally present a lower insurance risk.

Choose a life cover that can help your family manage household expenses, repay outstanding loans and achieve future financial goals if you are no longer there to provide an income. 

A 9-crore term insurance plan is a high-value life insurance policy that offers your family a lump sum payout of Rs. 9 crore in case of your unfortunate demise during the policy term. It’s a pure protection product—meaning it’s designed solely to provide financial security to your dependents.

Unlike traditional life insurance plans, term plans are affordable and provide large cover amounts at lower premiums. This makes a Rs. 9 crore term insurance ideal for those who want comprehensive financial protection without locking large sums in premium-heavy products.

Low premiums, high coverage, tax benefits – term insurance plans have it all. With Bajaj Finance Insurance Mall, explore plans starting at Rs. 14/day* for Rs. 1 crore term cover. Get your quote today!

Here’s why opting for a Rs. 9 crore term plan could be the smartest move:

• Covers high living standards: For families used to a certain lifestyle, this coverage maintains financial stability for years.
• Pays off large debts: Home loans or business debts won’t burden your family post your demise.
• Provides income replacement: Replace 15–20 years of your income for your spouse or children.
• Supports education and life goals: Children’s higher education or weddings can continue as planned.

• Retirement safety for spouse: Ensures your partner is not financially dependent in their old age.

  
  

Affordable protection with tax savings—term insurance secures your loved ones. Compare plans and premiums – Get Quote!

Let’s walk through the key profiles who benefit the most:

• High-income professionals with significant income that their family relies on.
• Business owners and entrepreneurs managing business liabilities or financial obligations.
• Primary earning members supporting a spouse, children or ageing parents.
• Individuals with substantial loans, including home or business loans.
• Parents planning for future expenses, such as children's education and other long-term goals.

Term insurance brings peace of mind, no matter what – covers your debt, income, child’s education and more, securing your family’s future. Plan ahead, act today – get quote!

The process generally works as follows:

1. Choose a sum assured of Rs. 9 crore.
2. Select a policy term, which may range from 5 to 40 years, depending on the insurer.
3. Decide the premium payment frequency, such as monthly or annual.
4. Choose the claim payout option, where available, such as lump sum, monthly income or a combination.
5. Add optional riders, if required, for additional protection.

If you outlive the policy term, a standard term insurance plan generally does not provide a maturity benefit. However, if you choose a return of premium variant, where available, the eligible premiums may be refunded according to the policy terms and conditions.

• High life cover at affordable premiums: Get substantial financial protection at a relatively lower premium compared to many traditional life insurance policies.
• Flexible policy options: Depending on the plan, you can choose the policy term, premium payment option, payout mode and optional riders.
• Financial security for your family: The life cover can help your dependants manage household expenses, outstanding loans and future financial goals.
• Optional riders: Depending on the plan, you can enhance your life cover with riders such as critical illness, accidental death or waiver of premium.
• Choose a reliable insurer: Compare insurers based on factors such as claim settlement performance, customer service and policy features before making a decision.

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.
• Pick right payout type: 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.

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!

The right time? As early as possible.

Buying early means:

• Lower premium: Younger = healthier = cheaper premium.
• Longer coverage window: Protects you across life stages: kids, career, retirement.
• No medical complications: Easier approvals before health risks arise.
• Faster online approvals: Many plans now offer zero medical or video KYC options.

A higher cover may be suitable if you:

• Have multiple financial dependants.
• Want to replace your income for several years.
• Have significant liabilities such as home or business loans.
• Want to secure your family's future lifestyle and long-term goals.
• Need additional protection for estate or succession planning.

Before choosing a Rs. 9 crore cover, assess your current income, outstanding liabilities, future expenses, and existing savings. Insurers may also evaluate your income, age, occupation, lifestyle, and medical history before approving a high sum assured.

A larger cover generally results in a higher premium, so choosing an amount that aligns with your financial goals and affordability is important.

Not sure whether a Rs. 9 crore cover is right for you? Compare plans and check your premium estimate based on your income and protection needs.

The following factors are commonly considered:

You may also be required to undergo medical tests and submit identity, address, income, and other supporting documents during the application process.

Meeting the basic eligibility criteria does not automatically guarantee approval, as the insurer's underwriting process determines the final decision.

Check your eligibility and compare available plans to find the right life cover for your financial responsibilities. Get quote!

You can explore plans through Bajaj Finance Insurance Mall by following these steps:

1. Click on 'Get Quote' on the term insurance page to access the online application form.
2. Enter your name, mobile number, email ID, date of birth, and gender, then click 'Proceed' to generate a personalised premium estimate.
3. Provide additional details such as your occupation, income, lifestyle, education, and PIN code, then click 'View Plans'.
4. Compare the available plans, sum assured options, policy terms, premium details, and optional riders based on your protection needs.
5. Select the plan that best suits your requirements and click 'Buy Now'. A representative will contact you to explain the available options and help you make an informed decision.
6. Complete the document submission, medical requirements (if applicable), and premium payment to proceed with policy issuance, subject to the insurer's underwriting process.

For a high sum assured such as Rs. 9 crore, insurers may request additional income documents or medical examinations as part of the underwriting process.

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.