Prices Increasing Soon
3 Crore term insurance plan offers a sum assured of Rs. 3 Crore as a death benefit to the nominee/beneficiary of the policyholder, in case of an unfortunate event. With a 3 Crore term plan, you can live peacefully knowing that your family’s financial needs will be looked after your demise.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Broadly, a 3 crore term insurance is similar to all term insurance plans. A term insurance plan is specifically designed to provide financial support and protection to the policyholder’s family in case of his/her unfortunate death. So, a 3 crore term insurance plan offers a life coverage of 3 crores as a death benefit.
The 3 crore term insurance premium rates are affordable and can be easily purchased online at Rs. 1145 per month
For example, if you buy 3 crore term insurance for your loved ones, the chosen beneficiary/nominee will receive a payout of Rs. 3 Crores in the unforeseen event of your demise. Therefore, by purchasing a 3 crore term plan, your family members will get a safety net for future financial hardships.
Term Plans
The primary reason to buy 3 crore term insurance is to provide financial security to our family but there are some other reasons also that should be taken into consideration. Let’s discuss in detail:
One of the important benefits of buying a 3 crore term insurance plan is high coverage at substantial premium rates. While most buyers think that the premium rate for 3 crore term insurance is quite expensive but that is not the case. Instead, you can avail of the benefits of a 3 crore term insurance plan at premiums as low as Rs. 1347 when you start at an early age.
In addition to the sum assured amount of Rs. 3 Crores, a 3 crore term insurance plan also offers some added coverage features such as add-on benefits. For example, the cover of the plan can be increased by opting for a terminal illness rider, waiver of premium rider, or accidental death benefit rider.
Buying the 3 crore term insurance plan will make sure that your loved one’s financial requirements are taken care of in your absence. Also, they can use the death payout to pay off debts, liabilities, loans or use the amount for other household expenses.
If you purchase a 3 crore term insurance plan, it will provide you long tenure coverage at low premiums rates. As a result, a family having enough financial protection from unfortunate events can now focus on methods to increase their savings and investments and invest their money in other financial instruments such as mutual funds, ULIPs, and Fixed Deposits.
Note: Know what is term insurance first and then buy a term plan for your loved ones.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
The answer is quite simple, any individual who can afford the 3 crore term insurance plan should buy it. Below are some situations in which you can consider investing in the plan:
Young Individuals: If you are healthy, active, young and at the early stage of your career, then it might be the right time to invest in a 3 crore term insurance plan. It is important because the premium rates for term insurance are lower for younger individuals, thus making it a cost-effective way. So, if you are in your 20s or 30s, you can think of buying term insurance of 3 Crore.
Sole-earner of family: Any individual who is the breadwinner of their family and has financial dependents can also consider purchasing a 3 crore term insurance plan. Term plan provide financial protection to your dear ones and make sure that their financial needs are met even in your absence.
Check your income: Your yearly income should be between Rs. 30 lacs to 50 Lacs if you are considering a 3 crore term insurance plan
If you have liabilities: Individuals with existing debts, loans, liabilities should think about purchasing a 3 crore term insurance plan. This will help your family to live a financially stable and comfortable life.
In addition to offering wide-ranging financial cover, 3 crore term insurance is packed with several other benefits. So here are some of the important features of 3 crore term insurance plans:
When purchasing term insurance, one of the foremost things to worry about is the premium rate. However, the premium amount of 3 crore term insurance plans is quite inexpensive and it will not act as a burden on your wallet. Also, if you buy a policy at an early age, you can enjoy the low premiums and at the same time, can focus on other financial investments.
This term insurance plan comes with added benefits for riders. For example, you can choose riders such as accidental death cover, critical illness, waiver of premium, and disability rider. You can enhance your coverage by purchasing different riders.
You can easily purchase 3 crore term insurance plans through online modes.
Another notable advantage of buying the best term insurance plan for 3 crores is the tax exemption u/s 10(10D) of the ITA where the death benefit of a term plan (involving any earned bonuses) is exempted from taxes.
Though most insurers provide the death benefit of a term insurance plan in a lump sum payment, you have the option to choose other payout means. For example, you can select a lump sum + monthly income payout or monthly income payout.
Below are factors that can decrease or increase your 3 Crore premium amount:
Age of the Policyholder
Policy Term
Premium Payment Term
Lifestyle
Health habits
Family Health History
Work Profile or Occupation
To calculate the premium amount of your Rs. 3 crore term life insurance plans, you can use the term insurance premium calculator available online.
Ensure your financial needs are met
Take care of the rising living cost and inflation rates
Compare and choose the term plan with best premium prices
Check CSR (Claim Settlement Ratio) and solvency ratio of the insurers before buying term plan.
Choosing a 3 Crore Term plan can be an easy task if you keep in mind the below-mentioned factors:
Claim Settlement Ratio: The Claim Settlement Ratio of the company helps in analyzing the company’s claim-settling ability. A good CSR would simply mean that your loved ones will have a hassle-free claim settlement experience.
Solvency Ratio: The solvency ratio of the company indicates the company’s ability to meet its long-term liabilities and commitments. As per the IRDAI, it is mandatory for every insurance company to maintain a solvency ratio of 1.5
Affordability: One of the major factors to consider while choosing a 3 Crore Term plan is the premium you need to pay. Choosing a plan with higher premiums and not being able to pay the premium on time is of no use. Thus, do your research thoroughly and choose a plan that suits your pocket.
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
˜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
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+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.
Buying a home is a major milestone, but it also comes with
Read more
Amit was a 38-year-old marketing professional with big dreams
Read more
Are you looking for an affordable way to protect your family's
Read more
Term insurance is a crucial financial safety net for families
Read more
HDFC Life is a well-known insurance provider in India, offering
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
