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Individuals can choose to buy 2 crore term insurance plan that offers a life cover (sum assured) of ₹ 2 crore. These plans are called 2 cr term insurance plans. The insurance provider will pay ₹ 2 crore amount to your nominee/beneficiary in case something unfortunate happens to you.
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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.
Term Plans
Here is a table showing the list of life insurance companies in India that offer the list of term insurance plan for 2 Crores.
| Name of the Insurer | Term Insurance Plan | Claim Settled Amount (cr) | Entry Age | Maximum Maturity Age | |
| Aditya Birla Sun Life Insurance Company Limited | ABSLI Income Suraksha Plan | 458 | 21-55 years | 70 years | |
| Aviva Life Insurance Company India Limited | Aviva Signature 3D Term Plan | 98 | 18-65 years | 80 years | |
| Axis Max Life Insurance Company Limited | Axis Max Life Smart Total Elite Protection | 1,242 | 18-65 years | 85 years | |
| Bajaj Allianz Life Insurance Company Limited | Bajaj Allianz eTouch | 603 | 18-55 years | 99 years | |
| Bandhan Life Insurance Limited | Bandhan Life iTerm Prime | 86 | 18-65 years | 70 years | |
| Bharti Axa Life Insurance Company Limited | Flexi Term Pro | 148 | 18-65 years | 99 years | |
| Canara HSBC Life Insurance Company Limited | Canara Young Term Plan | 186 | 18-45 years | 99 years | |
| Edelweiss Life Insurance Company Limited | Edelweiss Life Zindagi Plus | 59 | 18-65 years | 80 years | |
| Future Generali India Life Insurance Company Limited | Future Generali India Term Insurance Plan | 33 | 18-60 years | 65 years | |
| HDFC Life Insurance Company Limited | HDFC Click 2 Protect Super | 1,389 | 18-65 years | 85 years | |
| ICICI Prudential Life Insurance Company Limited | ICICI iProtect Smart | 1,950 | 18-65 years | 99 years | |
| IndiaFirst Life Insurance Company Limited | IndiaFirst Life Elite Term Plan | 160 | 18-60 years | 99 years | |
| Kotak Mahindra Life Insurance Company Limited | Kotak e Term | 321 | 18-65 years | 85 years | |
| Life Insurance Corporation of India | LIC New Tech Term Plan | 18,398 | 18-65 years | 80 years | |
| PNB MetLife India Insurance Company Limited | PNB MetLife Mera Term Plan Plus | 407 | 18-50 years | 80 years | |
| Pramerica Life Insurance Company Limited | Pramerica Life Rock Solid Plan | 30 | 18-65 years | 85 years | |
| SBI Life Insurance Company Limited | SBI eShield Next Plan | 1,676 | 18-65 years | 100 years | |
| Shriram Life Insurance Company Limited | Shriram Life Smart Protection Plan | 109 | 18-65 years | 75 years | |
| Star Union DAI-ICHI Life Insurance Company Limited | SUD Life Protect Shield Plus | 113 | 18-60 years | 80 years | |
| Tata AIA Life Insurance Company Limited | Tata AIA Sampoorna Raksha Promise | 776 | 18-65 years | 100 years |
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.
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.
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.
We help to choose best insurance based on your need
Let us understand how 2 crore term insurance works with the help of an example:
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.
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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
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.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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