₹ 2 Crore Term Insurance Plan

What is a 2 Crore Term Insurance Plan?

2 crore term insurance is a type of term insurance plan that offers an amount of 2 Crores to the policyholder’s family in case of the policyholder’s death during the policy term. While several plans are available in India, it is suggested that you always compare and select the term insurance plan for 2 Crores before buying.
With these plans, you can ensure the financial stability of your loved ones in your absence as they offer coverage for a specific tenure in exchange for regularly paid premiums. You can compare and buy the list of term insurance plan for 2 crore online from the comfort of your home.

List of Term Insurance Plan for 2 Crores

Here is a table showing the list of life insurance companies in India that offer the list of term insurance plan for 2 Crores.

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

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Why Buy a 2 Crore Term Insurance Plan in India 2025?

• A ₹ 2 Crore term policy provides financial safety to your family during difficult times.

• Make sure the sum assured is sufficient to replace your lost income and help your family pay off debts.

• Calculating your Human Life Value (HLV)can help determine the right sum assured.

• Individuals earning ₹ 10 lakhs per annum with outstanding debts of ₹ 50 Lakhs can get good benefit from a ₹ 2 Crore term insurance policy.

Why Do You Need 2 Crore Term Insurance in India?

Here are a few reasons why you might need a 2crore term insurance in India:

• In case of an eventuality, the financial future of the family will remain protected.

• Accessibility of high coverage at an affordable term insurance premium.

• Term plans are easy to understand, flexible and can be customized for different needs.

• Option to enhance the base cover of the plan by adding additional rider benefits.

One of the key aspects of buying a term plan or life insurance plan is the amount of life cover the plan provides. This is important as it determines the level for, which the family is going to be secured. A term insurance policy is preferred amongst individuals as it provides high coverage. You can take a look at the plans available in India and buy the best term insurance plan for 2 crores.

How Does ₹ 2 Crore Term Plan Work?

Let us understand how 2 crore term insurance works with the help of an example:

What are the Benefits of 2 Crore Term Insurance?

Here is a list of benefits of buying the term insurance plan for 2 crore in India:

• High cover at low premiums

  With 2 cr term insurance plan, you can secure a large sum assured for your family in your absence at affordable premiums. The term insurance premiums for a 2 crore life cover starts at just ₹ 678 per month.

• Family’s financial stability

  The 2 crore term insurance offers your family the required financial stability by providing them with a large life cover to take care of their needs like paying the rent, child’s fees, paying off remaining loans, etc.

• Flexible premium payments

  Term insurance plans provide you with flexible premium payment options wherein you can choose to pay the premiums in the modes most suitable to you. You can pay the premiums in limited, regular, or single pay for monthly, quarterly, annual, or semi-annual modes.

• Customisation with riders

  You can customize the 2crore term insurance by adding riders to the base plan at nominal premiums. The most common riders available in India are terminal and critical illness riders, accidental death benefits, accidental total permanent disability, and waiver of premium riders.

• Tax saving benefits

  You can save on your yearly taxes as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act of 1961.

How to Choose the Right 2 Crore Term Insurance?

Following are some of the factors you need to keep in mind when choosing the best term insurance plan for 2 crore

• Low Premiums

  Before buying a 2 cr term insurance plan, you need to make sure that the plan that you buy has premiums that fit within your budget.

• Claim Settlement Ratio

  The IRDAI releases its list of CSR for each company that helps customers check and compare the plans from companies based on their CSR.

• Riders Offered

  You can check the number and conditions of the riders offered under each plan and choose to buy the plan that offers the most suitable rider benefits.

*Note: It is wise to firstly know what is term insurance and then buy 2 Crore Term Insurance Plan.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Wrapping it Up

Life is uncertain and in the times of COVID-19, it becomes even more important to protect the future of the family. Buy a 2 crore term insurance plan and be assured that the future of the family is protected even in case of any unfortunate event.

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