Term Life Insurance in Gujarat 2024

These crises bound people to take necessary financial measures and provide a safety net for their loved ones. Therefore, it is very important to buy term insurance and protect your family in Gujarat from life’s uncertainties. Let’s discuss the importance of term insurance in Gujarat in this article. 

Need For Term Insurance Based On Statistics Of Gujarat

Here are some facts and statistics about Gujarat that you must know before you proceed to buy term plan:

• According to recent data, Gujarat’s life expectancy at birth is 69.9.

• The number of deaths in road accidents in Gujarat increased from 6,281 in 2020-21 to 7,656 in 2022-23, marking a rise of 1,375 or 18%.

• The number of suicides in Gujarat increased notably in 2021 compared to the previous year. In 2020, there were 8,050 reported cases, which rose to 8,789 in 2021, marking a 9.1% increase, according to data from the Union government.

• As per the 2011 census, the last estimated population of Gujarat is approximately 7.27 Crores.

*Last census in Gujarat was in 2011, and the next one, scheduled for 2021, has been postponed until 2024

• As per recent statistics, the literacy rate in Gujarat (for the year 2024) is at 78.03% and has seen upward trend in recent years. Among males, the literacy rate is 85.75 percent, and among females, it is 69.68 percent.

• Gujarat has cancer rates of 98 per 1 lakh males and 78 per 1 lakh females, according to the Ahmedabad Cancer Registry.

Term Life Insurance Quotes in Gujarat 2024

Gujarat is a state with notable growth and development, attracting people from across the country in search of job opportunities, education, and better living conditions. However, this influx has caused increases in prices for education, accommodation, healthcare, and basic necessities. Additionally, the state faces severe droughts in the summers and has poor road conditions. Therefore, residents of Gujarat should prioritize the future well-being of their families and buy term plan. Term insurance provides financial security to your family in the unfortunate event of your death, ensuring they are not burdened financially.

You can find the term insurance plans in Gujarat easily online at Policybazaar. You can use the comparison tool to compare different plans based on your criteria and needs. With Policybazaar, you can efficiently compare term plans from 20+ insurers and buy the plan that suits your requirements.

*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

How can you contact Policybazaar to buy term insurance in Gujarat?

You can call Policybazaar and solve all your doubts at their Claim Assistance Helpline Number: 1800-258-5881.

You can also get help with any questions or concerns by logging into the 'My Account' section on their website or using the Policybazaar app.

Why Should You Buy Term Insurance In Gujarat?

Every year, Gujarat encounters several challenges. For instance, there's been a rise in accident cases, and the increasing costs of healthcare and other essentials have made it tough for residents to manage their expenses. These unpredictable situations make term and life insurance a safety net in Gujarat. Here are some more reasons why you should buy term insurance in Gujarat:

• Cover Against Multiple Risks: Gujarat deals with different risks like natural disasters, health crises, and socio-economic issues. Term insurance provides a safety net by giving a death benefit to beneficiaries, easing their financial burdens if the policyholder passes away.

• Income Replacement: In a state like Gujarat, where prices are soaring high, losing the prime breadearner of the family can cause serious financial stress to a family. Term insurance steps in to replace the lost income, helping the family keep up their lifestyle and cover expenses.

• Affordability of Term Plans: Term insurance plans usually offer high coverage at low premium rates, thereby, making it accessible to people living in Gujarat from diverse socio-economic backgrounds in Gujarat.

• Peace of Mind: Knowing that your loved ones are financially secured in the event of your untimely demise will provide you with peace of mind. Moreover, it also allows you to focus on other aspects of their lives without stressing about the financial protection of you family members.

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