1.25 Crore Term Insurance

This plan is ideal if you:

• Are in your prime earning years (say 28–50), with rising responsibilities. Buying early helps you get affordable term insurance plans.
• Have dependents (spouse, children, ageing parents).
• Carry high debts/loans (home, business, etc.).
• Have long-term goals (education, marriage, retirement funding).
• Prefer to get higher coverage rather than upgrade later.

• Your Income and Affordability: Premiums for such high cover may be substantial. Use a calculator to verify your affordability.
• Underwriting Requirements: High coverage amounts often require more stringent medical tests and detailed disclosure of health history.
• Policy Term vs Coverage Duration: Ensure your cover lasts for as long as your liabilities or dependents need.
• Riders Cost and Impact: Adding riders increases the premium, so evaluate the necessity.
• Insurer’s Claim Settlement Record: A strong Claim Settlement Ratio (CSR) and prompt customer service matter for high-value policies.
• Premium Payment Modes and Grace Periods: Learn about monthly, annual, or lump sum payments, and what happens if you miss a payment.
• Exclusions and Waiting Periods: Understand what conditions or causes are excluded, and when riders become active.
• Tax Implications and Limits: Ensure your premium and cover conform to tax regulations and limits.
• Nominee and Beneficiary Setup: Ensure correct, updated nomination to prevent complications at claim time.