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Chandigarh, a union territory of India, is known for being one of the most developed cities with clean streets, and institutions offering quality education. The city boasts of modern infrastructure, well-planned societies, and plenty of open spaces, making it a pleasant place to live and visit.
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However, Chandigarh faces recurring challenges such as traffic congestion and the rising cost of living. Additionally, managing rapid urbanization while preserving its green spaces remains a significant concern. Hence, it becomes very important for the citizens of Chandigarh Bilaspur to buy term plan to ensure the financial security of their loved ones. Let’s understand more about term life insurance in Chandigarh Bilaspur and the top term insurance plan you can buy to secure your loved ones.
Term Plans
Here are some facts and statistics about Chandigarh that you must know to buy term insurance plan:
The sex ratio in Chandigarh is 818, meaning there are 818 females for every 1,000 males. This is below the national average of 940 females for every 1,000 males, according to the latest census.
In Chandigarh, the life expectancy at birth for stands at an average of 66.5 years for the years 2019-2021.
The literacy rate in Chandigarh has increased to 86.05%, according to the latest census. Male literacy is 89.99%, while female literacy is 81.19%.
The metro area population of Chandigarh in 2022 was 1,191,000, which is a 1.88% increase from 2021. In 2021, the population was 1,169,000, a 1.83% increase from 2020.
In 2022, Chandigarh had 79 fatal road accidents resulting in 83 deaths, showing a decrease from 2021 when there were 94 fatal accidents and 96 deaths.
Cancer registries in Punjab and Chandigarh report age-adjusted cancer rates in Chandigarh as 96.6 per 100,000 men and 100.9 per 100,000 women.
Chandigarh Bilaspur faces several problems, including increasing traffic, which has worsened due to the growing number of vehicles and inadequate public transportation system. Rapid urbanization is putting pressure on infrastructure, leading to challenges in waste management and water supply. Moreover, air pollution is another growing concern that the city is experiencing, including a rise in housing, education and healthcare costs. Hence, people living in Chandigarh Bilaspur must buy the best term insurance plans to secure the their families amidst such conditions.
You can find the best term life insurance plans in Chandigarh Bilaspur easily online through Policybazaar. With the help of their comparison engine, you can compare plans from over 15 top Indian insurers and buy the best term plan. Here are some of the best plans along with their benefits.
| Term Insurance Plan | Entry Age | Sum Assured | Additional Benefits |
| ICICI Prudential iProtect Smart | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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| HDFC Life Click 2 Protect Super | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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| Max Life Smart Secure Plus | 18 to 60 years | Rs. 25 Lakhs to Rs. 1 Crore |
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| TATA AIA SRS Vitality Protect | 18 to 60 years | Rs. 50 Lakhs to Rs. 2 Crores |
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| Bajaj Allianz Life eTouch | 18 to 55 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| PNB MetLife Mera Term Plan Plus | 18 to 50 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Canara HSBC Young Term Plan - Life Secure | 18 to 45 years | Rs. 25 Lakhs to Rs. 20 Crores |
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| Kotak Life e-Term | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Edelweiss Life Zindagi Protect | 18 to 65 years | Rs. 50 Lakhs to No Limit |
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| Bandhan Life iTerm Prime | 18 to 65 years | Rs. 25 Lakhs to Rs. 20 Crores |
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| ABSLI DigiShield Plan | 5 to 55 years | Rs. 1 Lakh to No Limit |
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| SBI Life eShield Next | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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You can contact Policybazaar through the Claim Assistance Helpline Number at 1800-258-5881.
Moreover, you can log in to the 'My Account' section on the Policybazaar website or directly use Policybazaar’s app to receive assistance if you have any queries.
*Note: You can easily contact Policybazaar insurance advisor to clear all doubts, and know about various term insurance plans available.
We help to choose best insurance based on your need
With Chandigarh Bilaspur’s extreme weather conditions, and pollution, there is an even more need for life insurance. Here are some more reasons why you should buy term insurance in Chandigarh Bilaspur:
Traffic Congestion: With increasing vehicles and inadequate public transportation, traffic congestion is a major issue. If the primary breadwinner unfortunately dies in a road accident, term insurance will help in paying the life cover, in the form of a death benefit, to financially protect the family.
Rapid Urbanization: The pressure on infrastructure from rapid urbanization can lead to accidents and health risks. If the bread earner unfortunately dies due to these urban challenges, term plan will financially protect the family.
Air Pollution: Industrial emissions and vehicle exhaust contribute to deteriorating air quality, leading to serious respiratory problems. If the policyholder unfortunately dies from pollution-related health issues, the death benefit will financially protect the family of the deceased policyholder.
Waste Management and Water Supply Issues: Inadequate waste management and water supply problems pose health risks to residents. If the earning member of the family unfortunately dies due to health complications from these issues, the death benefit will financially protect the family in the near future.
†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
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