1 crore term insurance is one of the most popular and commonly chosen sum assured (coverage amount) by people who buy term insurance. As the name says, a term insurance of 1 crore gives your family a payout of 1 crore if you pass away. You can get this large coverage by paying small and affordable premiums. For example, a 30-year-old non-smoker male can get it by paying just ₹832 per month. Read on to find out why a 1 crore term insurance plan is a smart choice to protect your family’s future.
Life Cover Starting @ just ₹18/day*
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Term insurance is a basic type of life insurance that gives protection for a fixed time. This time is called the policy term. For example, if the person who bought the policy (called the policyholder) dies during this policy term, the insurance company gives a death benefit (money) to the family or nominees. Having a 1 crore term insurance plan is even more important today because the cost of living is going up.
A ₹1 crore term insurance plan provides a death benefit of ₹1 crore to your loved ones if you pass away during the policy term. The payout from a 1 crore term insurance plan can help them manage essential expenses like daily living costs, loan repayments, children’s education, medical bills, and more. It is the purest form of life cover. It is simple, easy to manage, and affordable, as you can get large coverage by paying low premiums
Considering inflation, rising cost of living, unexpected emergencies, and future responsibilities, a 1 crore term insurance plan makes perfect sense for many people living in both big and small cities across India, and from different income brackets. Here's a list of important reasons to buy the best term insurance plan for 1 crore:
A 1 crore term insurance plan gives your family financial protection of 1 crore. Even with affordable premiums, you get high life cover with this term plan, which keeps your family safe if something happens to you.
The 1 crore payout from the term plan can help your family meet future goals, such as children’s education, marriage, or daily needs in your absence.
You can easily increase or decrease the coverage amount in your term insurance plan based on your needs, income, and life stage. This makes it a flexible term insurance option that’s easy to manage and ideal for different phases of life.
For example, a 30-year-old non-smoker male can get a ₹1 crore term insurance plan for as low as ₹832 per month. The premium increases to ₹1,180 at age 35 and ₹1,840 at age 40.
You can add riders (extra benefits) like critical illness cover, accidental death cover, or disability cover for even more protection to your ₹1 crore term insurance plan.
If you have any loans or debts, a ₹1 crore term insurance can help your family pay them off easily, so they don't face financial stress.
You can also enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, which helps you save money while protecting your family.
If you’re worried about affordability, you can use a term insurance calculator to estimate your premiums for a ₹1 crore term insurance plan. Enter your basic details, and the calculator will do the rest for you.
There are many reasons why buying the best term insurance plan for ₹1 crore in 2025 is a smart and responsible decision. A ₹1 crore term insurance plan helps you prepare for life’s unexpected events and protects your family’s future.
If you are not around, your family may lose their main source of income. A 1 crore term insurance plan replaces that income so your loved ones can continue their everyday life.
Every year, things get more expensive. With a ₹1 crore term plan, your family will have enough money to deal with the rising cost of living.
As you grow older, you may have more responsibilities, like a house loan, children’s education, or parents’ medical care. A 1 crore term insurance policy can help take care of these things.
As time goes by, the value of money goes down because of inflation. This means things will cost more in the future. Choosing a ₹1 crore term insurance plan in 2025 helps you stay prepared and gives your family enough coverage to handle future expenses.
There is no doubt that knowing your family will be protected gives you peace of mind. A term insurance plan removes the worry about what will happen if you're not there.
Now that you know why you need the best term insurance plan for ₹1 crore, let’s clearly understand how the best ₹1 crore term insurance plan works with a simple example:
A ₹1 crore term insurance plan is a high-value life insurance policy. It provides ₹1 crore coverage to your loved ones in case of your untimely demise during the policy term.
Here’s how it works when you buy a term insurance plan for 1 crore:
You’ll pay a fixed premium regularly to keep your 1 crore policy active.
You can choose how long you want the coverage, such as 10, 20, or 40 years or even until a certain age.
Your family (nominees) will receive the sum assured either as a lump sum or through regular payouts, depending on what you choose.
You can add extra benefits like critical illness cover, accidental death benefit, or disability income cover to increase your protection.
Looking for the best term insurance in India 2025? ACKO’s term insurance offers flexible, customisable features to support different life stages and financial goals.
| Categories | Specifications |
| Sum Assured | ₹10 Lakhs to up to ₹90 Crores |
| Entry Age | From 18 years to 65 years |
| Tax Benefits | Save up to ₹54,600* on taxes |
| Claim Settlement Ratio | 99.38% |
| Affordable Premiums | Term Life Cover Starting @ just ₹18/day* |
| Claim process | Fully digital, simply upload the necessary documents on the app. |
| Death Benefit | Available |
| Critical Illness Cover | Available |
| Accidental Total Permanent Disability | Available |
| Accidental Death Benefit | Available |
| 100% Dedicated Claim Assistance | Available |
| Policy Term Flexibility | Available |
| Customisable Policy Coverage | Available |
The ideal term insurance policy for ₹1 crore in India 2025 will depend on your life stage, long-term goals, and financial needs. A ₹1 crore term policy offers broad life coverage with affordable premiums, and it is a prudent decision for individuals seeking to safeguard their family's future against financial uncertainties.
For 2025, the highest-rated term plans have the following features:
As inflation rises and lifestyle costs change, a ₹1 crore life cover is best suited to pay for long-term debts like home loans, children's education, and regular family expenses.
A ₹1 crore term insurance policy is a pure life policy that provides ₹1 crore of sum assured to the designated beneficiaries upon the policyholder's death during the policy term. It is a non-investment insurance product, providing financial protection without any maturity benefits. This policy best suits those looking for high coverage at low premiums.
Key features are:
The policy owner pays periodic premiums to keep the policy active.
The coverage is for a definite period, e.g., 10, 20, 40 years, or until a certain age.
The sum assured is paid to the beneficiaries/ nominees as a lump sum or in structured payouts.
Optional benefits such as critical illness coverage, accidental death benefits, disability income benefits, etc., enhance protection.
Using a premium calculator can provide a pretty fair idea of the best rates available based on the applicant’s age, health, and coverage preferences.
A ₹1 crore term insurance policy is a good choice for people of different ages and income levels. Here’s a list of people who should consider a term insurance plan for 1 crore:
Being in your 20s or 30s, purchasing term insurance at this stage can make a huge difference in premium payments. As younger people are healthier, insurers charge lower premiums, making it an affordable investment for long-term financial stability.
For those who are married, especially with children, a ₹1 crore term insurance policy ensures that your spouse and kids are financially protected in your absence. The payout can cover household expenses, school fees, and other essential financial needs.
If you have borrowed large amounts, like a home loan or business loan, this insurance covers your dependents from struggling to pay debts in the event of an untimely death. It saves them from financial crises or having to sell assets to settle outstanding obligations.
Business owners and entrepreneurs who have borrowed money or have financial obligations should opt for a ₹1 crore term plan to secure their business and family. The claim can be utilised to pay off business debts or give money to sustain the business.
If you are about to retire, having a term insurance plan guarantees your family's financial security even in your absence. It can be used as a financial backup for your spouse.
Get the right coverage, at the right cost, based on where you live and your financial goals.
Selecting the suitable term insurance coverage amount is one of the most crucial steps in financial planning. The objective is to provide your family with the ability to sustain their lifestyle and fulfil future financial requirements even in your absence.
15 times annual income + Liabilities + Future goals - Savings = Desired coverage
If the calculations hint at a large amount, a ₹1 crore term plan is an excellent place to begin, especially for young working professionals and growing families.
Life is unpredictable, but with the right planning, you can prepare for the unexpected.
A term insurance plan of ₹1 crore sum assured provides extensive coverage, enabling your family to maintain their lifestyle and fulfil financial liabilities even in your absence. Such coverage is vital for those with dependents who significantly rely upon their income for support. Whether it's a 1 crore ACKO term plan or a similar offering from other insurers, this assurance for your loved ones certainly gives you peace of mind.
Buying the best term insurance in India for 1 crore has many benefits. Let’s look at some of the common benefits of 1 crore term insurance:
A ₹1 crore term insurance policy ensures that your loved ones maintain their standard of living in your absence. It gives financial support that can be used for daily expenses, your children’s education, and their future dreams. This way, your family stays financially independent even during tough times.
If you have pending loans, such as home loans, car loans, or personal loans, your ₹1 crore term insurance policy payout can settle these financial obligations, easing the burden on your loved ones.
A 1 crore term insurance policy also helps you save on taxes. The money you pay as premiums is eligible for tax deductions under Section 80C of the Income Tax Act. Also, the payout your family receives is tax-free under Section 10(10D). This makes it a smart way to protect your family and manage your money better.
Most insurance companies have optional riders to personalise your ₹1 cr term insurance plan. Some of the common riders include:
The sooner you invest in a term plan, the lower the premiums will be. Let’s look at the advantages of early purchase of 1 crore term insurance:
A 25-year-old will pay much less than a 40-year-old for the same protection.
Younger people are healthier, and hence, it becomes easier to get coverage.
Feel reassured knowing that your family is well-protected financially.
Save taxes on premiums under Section 80C of the Income Tax Act.
Perfect time as the premium amount is minimal and coverage is long-term.
Even cheaper and covers your increasing family financially.
Premiums increase, but coverage for dependents remains a must.
Higher premiums, but essential if financial obligations continue.
While choosing the most appropriate term insurance plan, it is essential to consider what actually makes an insurer stand apart. This is how ACKO excels in important areas that are most critical for customers:
In 2025, ACKO's Flexi Term Life Plan delivers a modern, flexible, and customer-centric solution for long-term financial protection. It not only offers inflation protection through premium lock-ins but also provides a unique level of policy flexibility unmatched by most traditional insurers. The convenience of managing the entire policy lifecycle digitally adds to its appeal, particularly for individuals who prioritise ease of use and adaptability. Through the combination of technology and trust, ACKO makes safeguarding your loved ones no longer a complex or costly affair.
Explore ACKO term insurance reviews to gain valuable insights into coverage options and customer experiences.
A ₹1 crore term insurance plan is a high-value life insurance plan designed to provide financial protection to your family. It guarantees your family a hefty payout of ₹1 crore in the event of your untimely demise during the policy duration. This policy payout can serve as a financial buffer to pay for living expenses, settle existing loans, and keep up with their lifestyle.
Let's consider Rohan, a 30-year-old IT professional. He purchases a ₹1 crore term insurance policy for a 30-year term. His yearly premium is around ₹12,000, which is affordable and secures his family's future.
How does it benefit his family?
By investing a small amount each month, Rohan secures his family's welfare even when he is no longer there to provide for them, thereby making term insurance a sound financial move.
When choosing the right ₹1 Crore Term Insurance plan, it's important to understand your specific insurance needs to ensure that you are adequately covered. Here are some factors to consider:
When comparing different insurance plans, it’s important to remember that the premium you’ll pay can vary. The premium depends on several factors, such as your age, health, and lifestyle habits
Different insurance companies may offer different features and benefits with their term insurance plans. It’s a good idea to compare features like riders, policy term options, etc., before choosing the best 1 crore term plan for you.
Online term insurance plans are usually more affordable. You can also compare different policies, features, and prices on your phone or laptop without visiting an agent or office. This saves time and helps you make a better choice.
The claim settlement ratio shows the percentage of claims an insurer has successfully paid out in a year. This gives you a sense of how well the insurer handles claim settlements and the probability of your claim being resolved in the event of an unexpected circumstance.
ACKO Life has a 99.38% claim settlement ratio*, showing strong trust and support for its customers.
You can also check the insurer's reputation by reading reviews and ratings online, customer feedback, and the insurer's financial stability.
Before choosing a policy, read the terms and conditions carefully and understand the coverage inclusions & exclusions, benefits, and limitations. Some common terms and conditions that you should know are the policy term and premium payment frequency, grace period in case of premium payment defaults, policy cancellation or surrender policy, and the claim settlement process. Some insurers may offer additional benefits such as loyalty bonuses, accidental death benefits, and terminal illness coverage.
Selecting a term insurance plan for 1 crore can be confusing, with numerous plans to choose from. Here are some essential things to look at before making a new purchase:
Consider your lifestyle, monthly expenses, existing loans, and long-term financial goals. A ₹1 crore cover is ideal for individuals earning ₹10-50 lakh annually to ensure financial security for dependents.
The policy must ideally extend up to retirement age or when dependents are self-sufficient. For individuals in their 20s or 30s, a 30-40-year term offers long-term protection.
Compare the premium rates of 1 crore life insurance plans online. Choose a policy that provides the highest coverage at the lowest premium.
When planning for the future, it’s important to remember that the cost of living keeps rising. What seems like enough money today may not be enough 20 or 30 years from now. Choosing a ₹1 crore term insurance plan helps you stay ahead of inflation.
Add valuable riders based on your needs.
Selecting a new term insurance plan can be confusing, with numerous plans to choose from. Here are some essential things to look at before making a new purchase:
Consider your lifestyle, monthly expenses, existing loans, and long-term financial goals. A ₹1 crore cover is ideal for individuals earning ₹10-50 lakh annually to ensure financial security for dependents.
The policy must ideally extend up to retirement age or when dependents are self-sufficient. For individuals in their 20s or 30s, a 30-40-year term offers long-term protection.
Compare different plans online and acquire the best deal. Choose a policy that provides the highest coverage at the lowest premium.
Add valuable riders based on your needs. Explore ACKO Life Critical Illness Benefit Rider, ACKO Life Accidental Death Benefit Rider, and ACKO Life Accidental Total Permanent Disability Benefit Rider.
Although ₹1 crore is the popular choice, you may require higher coverage depending on:
If you have a high income and expenses, a higher coverage amount provides sufficient financial security.
If you have several loans, choosing a higher sum ensures your family is not left with repayments.
If you intend to finance your children's higher education, marriage, or any other big expenses, a larger coverage amount is recommended.
Over the years, money loses its value due to inflation, thus choosing a higher sum assured guarantees long-term economic support for your loved ones.
Aside from ₹1 crore, term insurance policies have flexible coverage levels such as:
Appropriate for people with moderate financial obligations.
Suitable for individuals with higher earnings and more financial obligations.
Suitable for high-net-worth individuals and entrepreneurs seeking extensive coverage.
After choosing ₹1 crore as your desired life cover, the second step is selecting the best plan. Here are some important points to keep in mind before purchasing a ₹1 crore term insurance policy:
While thinking of a 1 Crore Term Insurance plan, the first thing you would like to know is the eligibility criteria. The determining factors are age, health, income, and habits that affect your eligibility to the policy and also the premium rates.
The minimum age for the 1 crore term insurance policy is usually 18. The upper limit ranges between 65 and 80 years from various insurer firms. Therefore, the age limits of the customers determine the premium amount of the 1 crore term insurance, as individuals with advanced ages may attract more premiums.
The insurance provider will obtain this through a medical exam and a health history. Pre-existing conditions such as heart disease, diabetes, or cancer may make you ineligible or charge you more for your policy. Smokers and family health risks may attract higher premiums.
Most insurance providers require the policyholder to have a steady source of income to be eligible for a 1 crore term insurance policy. The insurer assesses your income to ensure you can comfortably afford the premiums. Your income should match a 1 crore term insurance premium rate for easy eligibility.
Smokers may have to pay extra due to health hazards associated with smoking. If you are a smoker, your 1 Crore Term Insurance can be increased accordingly. Use the 1 Cr Term Insurance Premium Calculator to estimate the premium amount according to your habit.
ACKO's Life Flexi Term Plan is a simple and flexible way to protect your family for the long term. It offers valuable features that fit your changing needs and gives full life cover to keep your loved ones safe.
| Parameters | ACKO Life Flexi Term Plan | Traditional Plans |
| Claim Settlement Ratio | 99.38% | Varies from 98-99% |
| Policy Adjustments | Instant changes via app | Depends on the medium ( offline and online ) |
| Increasing Cover Option | Yes. No restrictions* | Restricted to life big events such as marriage, welcoming a child, etc. |
| Cost Savings | Up to 40% savings* | Costs grow over time 📉 |
| Future Premium Hikes | Age wise premiums remain the same | Age wise Inflation adjusted premium |
| Customisability | Flexible coverage/term | Rigid, limited options |
| Riders | Offers valuable riders to enhance protection | Riders may be provided depending on the plans |
| Length of Claim Form | Easy, digital, and short | Moderately long/Very long/Not available online |
| Option to Exit the Plan | Yes* | Approx. 80% of insurers provide |
| Digital Experience | Fully online, app-based 📱 | Often requires offline processes, paperwork, or branch visits |
| End-to-end Digital Support | Yes | Depends on the insurer |
ACKO Life is dedicated to simplifying life insurance with clear, flexible products and an unwavering commitment to trust, transparency, and customer-centricity. Leveraging technology, ACKO has streamlined processes for efficient, paperless policy management and claims.
Find the right term insurance plan from ACKO that fits your needs. Apart from the ₹1 crore term insurance plan, you can also choose the coverage amount that suits you best, like ₹50 lakh, ₹75 lakh, or even more, based on your income, age, and family needs.
The ACKO Life Flexi Term Plan offers unmatched flexibility, making it the best term insurance plan. With features tailored to your evolving financial needs, this plan ensures comprehensive life cover for your loved ones.
Use the term insurance calculator to determine the ideal coverage for milestones like home loans, children’s education, or financial independence of dependents.
Trust ACKO's smooth process, backed by a 99.38% claim settlement ratio.
Save up to ₹54,600 with tax benefits, making protection both effective and economical.
Buying life cover online is a key component in protecting your family's financial stability, especially the best term insurance plan for 1 crore. Term insurance plans offer high coverage at an affordable price, but it's important to select the best one for your needs and your budget.
A ₹1 crore term plan calculator is an easy-to-use online calculator that assists you in calculating the premium cost you will have to pay for your desired sum assured amount. By filling in key inputs, such as age, gender, desired sum assured, policy term, smoking habit, etc., you can estimate premiums and compare various plans to select the most appropriate one based on your budget and objectives.
It is easy and hassle-free to use a term insurance calculator. Here's what you have to do:
This enables you to compare various insurance policies hassle-free.
Enables you to discover the affordable plan with the most desirable benefits.
This lets you modify policy terms, payment options, and riders according to your requirements.
Offers a transparent break-up of premium prices.
Facilitates you in analysing your budget and selecting the appropriate coverage amount.
The specific claim settlement process may vary between insurance companies, but typically, the process involves the following steps.
The first step in the claim settlement process is to inform the insurance company of the policyholder's death. The insurer will register the claim and assign a claim number to the case.
The claimant or beneficiary must submit the documents and proofs, such as the death certificate, original policy document, and identity proof, to the insurer to start the further processes.
After the claim is submitted, the insurer will carefully review the documents and may investigate the details surrounding the policyholder's death. This is done to ensure that the claim is valid and to verify the information provided by the claimant.
The insurer will verify the authenticity of the claim and the information provided by the claimant/beneficiary.
Based on the investigation and verification outcome, the insurer will decide whether the claim is eligible for compensation. If approved, the claim amount will be released to the nominee or beneficiary. If the claim is denied, the insurer will provide a reason for the rejection.
The duration of the claim settlement process may vary, but most insurers aim to settle within a reasonable period, ranging from a few weeks to months.
While a 1 crore term insurance policy provides several benefits, it also has its drawbacks. Here are a few examples.
A 1 crore term insurance policy only provides a payout of up to Rs. 1 crore in case of the policyholder's untimely demise. While this amount may seem substantial, it may not cover your family's financial needs.
Unlike other insurance policies, a term insurance policy does not provide maturity benefits. This means that if the policyholder survives the policy term, they do not receive any payout.
While the absence of an investment component helps keep premiums affordable, it can also be considered a drawback as the policyholder does not receive any returns on the premiums paid.
One of the main reasons 1 crore term insurance is a popular option for coverage is that, in addition to your family's future fundamental needs, it can cover various unanticipated risks and circumstances. One crore term plan guarantees that, even after accounting for inflation, your family won't have to touch their other investments and savings in the event of unforeseen circumstances.
Here are the answers to the given questions regarding the one crore term insurance.
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet and is subject to changes.
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