What if I told you that you can secure your family with Rs 1 Crore life cover for just Rs 500 per month? That is the power of term insurance — the most affordable way to protect your loved ones.
What is Term Insurance?
Term insurance is pure life protection. If you pass away during the policy term, your family gets the full sum assured (Rs 1 Crore). There is no savings component which is why it is so affordable.
How Much Does Rs 1 Crore Term Insurance Cost?
Monthly premium for Rs 1 Crore cover for a healthy, non-smoking male:
Age 25: Rs 400-500 per month
Age 30: Rs 500-700 per month
Age 35: Rs 700-1,000 per month
Age 40: Rs 1,200-1,800 per month
Age 45: Rs 2,000-3,500 per month
The younger you buy, the cheaper it is. Every year you delay, premium increases 8-10 percent.
Best Term Insurance Plans 2026
1. LIC Tech Term: Government backed, 98.6 percent claim ratio
2. SBI Life eShield: Affordable, bank backed
3. HDFC Life Click 2 Protect: Feature rich, good claim ratio
4. ICICI Prudential iProtect: Comprehensive options
5. Max Life Smart Secure Plus: High claim settlement
Why Every Earning Person NEEDS Term Insurance
Scenario: You earn Rs 50,000 per month. Your family depends on your income. If something happens to you tomorrow — how will they survive?
Term insurance of Rs 1 Crore means your family gets Rs 1,00,00,000 — enough to sustain them for 15-20 years.
Cost to you: Just Rs 500 per month — less than your daily coffee.
Benefit to family: Rs 1 Crore — complete financial security.
How Much Cover Do You Need?
Simple formula: Annual Income x 15-20 times = Required Cover
Salary Rs 50,000 per month = Rs 6 Lakh per year x 15 = Rs 90 Lakh (round up to Rs 1 Crore).
Salary Rs 1 Lakh per month = Rs 12 Lakh per year x 15 = Rs 1.8 Crore (get Rs 2 Crore).
How to Apply
1. Calculate your insurance need using our free calculator
2. Compare plans and premiums
3. Fill the application online or through an agent
4. Complete medical test (usually free, arranged by company)
5. Policy issued within 7-10 days
Get Started — FREE Consultation
We will help you find the cheapest term insurance with the best coverage. No charges, no obligation.