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Term Life Insurance that Welcomes Change

1 Crore Term Insurance Starting @ ₹18/day*

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18% Cheaper Now - Zero GST

Get instant savings with zero extra charges.

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99.29% Claim settlement ratio*

Proven reliability your family can count on.

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Save up to ₹54,600* on your taxes

Earn smart tax benefits while you protect.

ARN: L0130 | *T&C Apply
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Best Term Life Insurance in Kerala - 2025

For families across Kerala, term insurance has become an important part of long-term financial planning. With rising living costs, education expenses, and growing financial responsibilities, having the right term life insurance coverage is important. Whether you live in Kochi, Thiruvananthapuram, Kozhikode, Thrissur, or Palakkad, a well-chosen term insurance plan helps protect your loved ones from financial challenges and supports long-term family security.

For families across Kerala, term insurance has become an important part of long-term financial planning. With rising living costs, education expenses, and growing financial responsibilities, having the right term life insurance coverage is important. Whether you...
For families across Kerala, term insurance has become an important part of long-term...

Why Kerala Residents Need Term Insurance in 2025

Kerala is known for its high literacy levels, strong healthcare awareness, and a large working population employed both within India and overseas. With rising healthcare costs, changing job markets, and growing financial responsibilities, families across Kerala increasingly rely on term insurance to secure their future.

Risk FactorWhat This Looks Like in KeralaHow Term Insurance Helps
   
Road & Travel RisksAcross major Indian cities, road safety continues to be an important public concern. According to the Ministry of Road Transport and Highways, Delhi reported 1,461 road accident fatalities in 2022A term insurance plan provides financial support to your family in case of accidental death. Adding an accidental death rider can offer extra protection.
Rising Healthcare CostsKerala is known for good hospitals and medical care, but treatments for serious illnesses can still cost several lakhs. Medical expenses continue to rise every year.A term insurance plan with a critical illness rider can help cover major treatment costs without forcing families to dip into savings or borrow money.
Income Dependence & MigrationMany Kerala families depend on a single earning member, including those working in other states or overseas. If that income stops, the entire household can feel the impact.Term insurance ensures your family continues to receive financial support even if the primary earning member is no longer around.
Longer Life & Family CareWith longer life expectancy and many households supporting parents, children, and sometimes grandparents, financial responsibilities extend over many years.Term insurance helps families plan ahead and manage long-term responsibilities without compromising dependents’ needs.

Top Reasons to Buy Term Insurance in Kerala

From households in Kochi and Thiruvananthapuram to families in Kozhikode and Thrissur, term insurance supports everyday financial planning and long-term security. So, let’s explore some of the top reasons to buy term insurance and how it can benefit you and your family.

Financial Protection

A key benefit of a term insurance policy is its ability to replace lost income in the event of an unforeseen circumstance. This will assist your family in meeting daily expenses, clearing outstanding debt, and covering long-term objectives.

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High Protection at Low Premiums

Term insurance offers extensive coverage at much lower premiums as compared to other life insurance policies. Therefore, it is a cost-effective way of securing your family's future without adding extra stress. 

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Avail Dual Benefits Under Income Tax Laws

With term insurance, you can have tax deductions up to ₹1.5 lakhs under Section 80C on premiums paid. The money received by your loved ones is generally exempt from tax under Section 10(10D).

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Stress-Free Future

One of the most significant advantages of term insurance is the peace of mind that it brings. You can live life with the assurance that your family's financial security is assured no matter what.

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Best Term Life Coverage Amounts by Income, Family Type & Premiums - 2025 

Choosing the right term insurance coverage as a resident of Kerala is an important decision, especially when families depend on a single income for education, healthcare, and long-term goals. The table below highlights common coverage options based on income levels, life stages, and financial responsibilities.

Coverage LevelRecommended ForTypical Monthly Premium Range
   
₹50 LakhSingle individuals, early career₹500-₹1,000
₹75 LakhYoung married couples₹700-₹1,400
₹1 CroreFamilies with children, home loans₹900-₹1,800
₹1.5 CroreFamilies with higher education goals₹1,300-₹2,600
₹1.75 CroreFamilies with multiple dependents₹1,500-₹3,000
₹2 CroreHigh-income professionals₹1,800-₹3,600
₹3 CroreBusiness owners, high-income earners₹2,700-₹5,400
₹5 CroreHigh-net-worth individuals₹4,500-₹9,000
₹7 CroreHigh-net-worth individuals with multiple assets₹6,300-₹12,600
₹10 CroreUltra-high net-worth individuals₹9,000-₹18,000

*Note: Premium ranges are indicative and may vary based on age, health, lifestyle, and other factors.

For example, if you earn ₹6-8 lakh annually in Kerala and are supporting a family while managing education expenses or a home loan, a term insurance cover of ₹75 lakh to ₹1.5 crore may be suitable. This aligns with the general guideline of choosing coverage worth 10-15 times your annual income, or 15-20 times if your financial responsibilities are higher

How to Choose the Best Term Insurance in Kerala

While choosing the best term insurance in Kerala, residents should compare various policies on the basis of coverage, premium affordability, and claim settlement ratios. Remember, not all term insurance policies are equal. Choosing the right policy is a matter of balancing several important factors. Here's what to look for when comparing plans:

Coverage Amount

How much protection does your family need? The sum assured is the amount your family will receive in case of your untimely demise. It should be sufficient to cover daily expenses, outstanding loans, children’s education, and future financial objectives. Experts advise selecting a coverage value at least 15-20 times your yearly income.

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Premium Affordability

Although greater coverage offers better protection, you must select a premium you can afford. Compare affordable term insurance plans to get the best value for your money without compromising the coverage your family needs. 

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Claim Settlement Ratio

A high claim settlement ratio (CSR)  ensures the insurer has a good history of paying claims. Choose an insurance company with a CSR of 95% or higher to ensure your family can claim benefits without any difficulty.

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Policy Benefits

Most insurers provide riders (add-ons) that increase your policy coverage. Some of the most common term insurance riders include Critical Illness Rider, Accidental Death Benefit, Waiver of Premium Rider, and Disability Income Rider

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Policy Term & Flexibility

Term plans provide coverage for a certain number of years (e.g., 10, 20, or 30), allowing you to choose the right policy term based on your needs. In addition, many insurers also offer flexibility to increase coverage to adapt to your changing financial requirements. This means you can increase coverage whenever you wish or during important life events.

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ACKO’s unique term insurance, the ACKO Life Flexi Term Plan, is packed with useful features and promises to provide your loved ones with a financially stable future with the amount of money you choose for them.

How People in Kerala Can Get Affordable Term Insurance

Term insurance can still be affordable for Kerala residents if you make the right choices early on. With careful planning and a few smart decisions, families can secure high coverage without putting pressure on their monthly budget.

StrategyHow It HelpsPotential Savings
   
Buy EarlyPurchase in your 20s or early 30s to lock in lower premiumsPay lower premiums compared to buying in your 40s
Compare OnlineResearch multiple policies before decidingSave by finding the most competitive rates
Choose Longer TermOpt for longer policy periods for better ratesLock in current rates before age-related increases
Maintain HealthStay healthy to qualify for preferred ratesDiscount for healthy individuals
Select Riders WiselyAdd only essential riders to avoid unnecessary costsSave by selecting only relevant riders
Pay AnnuallySave on administrative fees by choosing the annual payment modeReduce overall premium costs compared to paying monthly
Disclose AccuratelyProvide complete and honest health informationPrevents claim rejection due to non-disclosure

How Does ACKO Term Insurance Compare with Other Policies in Kerala?

Here’s what sets ACKO Term Life Insurance — the ACKO Life Flexi Term Plan, apart from other insurers:

FeatureACKO AdvantageTraditional Plans
   
Claim Settlement Ratio99.29%*Varies from 95-98%
Policy AdjustmentsInstant changes via appOften requires paperwork
Coverage FlexibilityIncrease or decrease coverage anytimeUsually restricted to life events
Cost EfficiencyUp to 40% savingsHigher premiums
Premium StabilityAge-wise premiums remain fixedMay increase with inflation
Digital Experience100% online processOften requires offline steps
Free Will CreationYesGenerally not offered

Top Reasons to Choose ACKO’s Term Insurance Plan

The ACKO Term Insurance Plan offers unique advantages over traditional term insurance policies for people in Kerala. Here are some key differences:

Affordable

Affordable Premiums

ACKO offers competitive premium rates, making term insurance more affordable for residents of Kerala.

Optional Riders

Riders

ACKO offers valuable term insurance riders such as ACKO Life Critical Illness Benefit Rider, ACKO Life Accidental Death Benefit Rider and ACKO Life Accidental Total Permanent Disability Benefit Rider.

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100% Digital Process

ACKO provides a seamless online experience for purchasing and managing policies for people in Kerala.

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Faster Claim Settlement

ACKO offers a smooth and quick claim process, so families receive financial support without any hassle. ACKO has a solid claim settlement ratio of 99.29%*.

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Customisable Coverage

People of  Kerala can easily customise their term insurance with riders.

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No Hidden Charges

With ACKO, what you see is what you pay.  It’s fully transparent, with no hidden fees or surprise costs. Check out ACKO term insurance reviews to learn more.

Policyholders enjoy better coverage, affordability, and convenience with ACKO’s term insurance plan.

Term Insurance Options from ACKO: Choose the Best Coverage for You

Find the right term insurance plan from ACKO that fits your needs and budget.

Learn How the ACKO Life Flexi Term Plan Works

Watch this video to understand how the ACKO Life Flexi Term Plan works. It shows how you can easily adjust your term insurance coverage, add riders, and manage your policy online without any paperwork.

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Watch this video to understand how the ACKO Life Flexi Term Plan adapts to your changing needs.

Find the Right Term Insurance Plan for Your Lifestyle

Whether you're a young professional, business owner, or high-net-worth individual, choose the best term insurance plan based on your life stage and financial profile. Read more about:

ACKO Life Critical Illness Benefit Rider: Coverage for 21 Illnesses 

The ACKO Life Critical Illness Benefit Rider covers 21 critical illnesses, including cervical cancer, breast cancer, ovarian cancer, fallopian tube cancer, and many others. This rider ensures that if you are diagnosed with a serious illness, your family’s financial security is not at risk.

Here is the complete list of covered critical illnesses.

Heart & Circulatory Conditions

  • Myocardial Infarction
  • Open Chest CABG
  • Heart Valve Surgery
  • Primary Pulmonary Hypertension
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Organ-Related Conditions

  • Kidney Failure Requiring Dialysis
  • Major Organ/Bone Marrow Transplant
  • End Stage Lung Failure
  • End Stage Liver Failure
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Neurological Conditions

  • Stroke with Permanent Symptoms
  • Multiple Sclerosis
  • Motor Neuron Disease
  • Coma of Specified Severity
  • Permanent Paralysis of Limbs
  • Benign Brain Tumor
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Other Critical Conditions

  • Third Degree Burns
  • Loss of Limbs
  • Blindness
  • Deafness
  • Loss of Speech
  • Major Head Trauma
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Cancer & Related Conditions

  • Cancer of Specified Severity
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ACKO Term Insurance Calculator: Find the Right Life Coverage

Use the ACKO term insurance calculator to easily estimate your premium and choose the right coverage for your needs.  Here are 5 reasons to use the ACKO Term Insurance Calculator:

  • Get instant premium estimates based on your age, income, and lifestyle.
  • Find the ideal term insurance coverage amount based on your financial goals and family needs.
  • A free and online tool that requires no paperwork. You can use it anytime, anywhere.
  • Get plan suggestions that suit your budget, life stage, and long-term protection needs.
  • Make informed decisions that offer maximum value.

How to Buy Term Insurance in Kerala? A Step-by-Step Guide

Residents of  Kerala can easily buy term insurance from ACKO. The process is as follows:

Quick Online Purchase

  • Click on ‘Check Prices’
  • Enter your basic details
  • Select the right coverage and term
  • Complete a medical check-up, if required
  • Make the payment
  • Receive your policy via email

Buy via ACKO App

  • Download the ACKO app
  • Tap ‘Explore Now’ and then choose ‘Find My Right Coverage’
  • Fill in the required details to check your eligibility and premium
  • Complete a medical check-up, if required
  • Make the payment
  • Receive your policy via email or download it from the app

How to Contact ACKO to Buy Term Insurance in 2025

ACKO provides several ways for residents of Kerala to connect regarding term insurance queries.

Reach out via email at

[email protected] 

Call the toll-free number

Please visit our support centre at https://www.acko.com/contact-us/ for any assistance

Download policy wordings

Download

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Read what our customers have to say

Rated 4.6/5 with over 13661 reviews on Google

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Frequently Asked Questions About Term Insurance in Kerala

Term insurance is important because many families in Kerala depend on a single earning member to manage education expenses, home loan EMIs, healthcare costs, and daily household needs. A term insurance payout helps the family maintain financial stability if the earning member is no longer around.

Most financial experts recommend a term insurance cover of 15–20 times your annual income. This higher range is especially relevant for Kerala families with dependents, ongoing loans, or income coming from overseas employment.

Yes. You can buy term insurance in India even if you work in another state or abroad. Many NRIs and out-of-state workers from Kerala choose Indian term insurance to financially protect their families living back home.

Term insurance premiums are mainly influenced by your age, health condition, lifestyle habits (such as smoking), occupation, and the sum assured you choose. Buying early and staying healthy usually helps keep premiums lower.

A medical examination depends on your age, declared health details, and chosen coverage amount. For higher coverage or older applicants, medical tests are usually required.

Premiums paid towards term insurance are eligible for tax deductions under Section 80C, and the death benefit received by the family is generally tax-exempt under Section 10(10D), subject to prevailing tax laws.

What our customers love about us

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I recently purchased the ACKO Life Flexi Term Plan, and I’m really impressed with the hassle-free online process. The premiums are affordable, and I feel secure knowing my family’s future is protected. Highly recommend it!
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Hitesh Mehta

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I wanted a reliable term plan for my family’s financial security, and ACKO delivered exactly that. The online process was so easy, and I didn’t have to deal with any paperwork. It’s a great option for anyone looking for a stress-free insurance purchase.
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Neha Kapoor

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Since I needed a flexible term plan that meets my requirements, and ACKO Life Flexi Term Plan was a great choice. The entire process was online, and I received my policy faster than i Imagine. Highly recommend it!
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Ananya Nair

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ACKO Term Insurance is great coverage at an unbeatable price. I explored around and compared several policies before I selected this one, and I'm glad I did. The claims process appears to be simple as well, which is reassuring.
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Vikram Singh

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I always thought purchasing term insurance would be complicated, but ACKO made it very simple! The website was easy to navigate, and the policy information was well explained. I now feel secure financially with the knowledge that my family members are covered.
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Kavita Josh

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The ACKO Life Flexi Term Plan is unique in its flexibility and affordability. I loved the fact that I could tailor my plan to suit my needs. No agent persuasion—just a hassle-free online purchase experience!
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Rahul Desai

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Written by Neviya Laishram

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A senior editor with years of expertise, she fine-tunes content that connects, converts, and builds trust. She transforms heavy life insurance concepts into clear, aha-moment reads. Writing is her passion, and thinking ahead is second nature. When not wrangling words, she’s crushing game levels because every challenge is a puzzle waiting to be solved.

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