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Term Life Insurance in Delhi 2024

Delhi, often addressed as the heart of India, boasts a strategic location as the home to the national capital, New Delhi. Situated alongside the Yamuna River, this Union Territory stands as one of the largest cities in the nation.

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Renowned for its political significance, architecture, diverse food culture, and vibrant lifestyle, Delhi is a melting pot of multiple cultures that live in harmony. However, there are various challenges in Delhi that you must protect your family from. The deteriorating Air Quality Index (AQI), polluted rivers and inflation are some of them. Hence, it becomes very important for the citizens of Delhi to buy term plan to ensure the financial security of their loved ones. Let’s understand more about term life insurance in Delhi and the term insurance plan you can buy to secure your loved ones. 

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Need For Term Insurance Based On Statistics Of Delhi

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

  • Delhi, officially referred to as the National Capital Territory (NCT), is home to India’s longest metro network.

  • In 2022, the sex ratio in Delhi rose to 929 from 809 in 2001.

  • In Delhi, the life expectancy at birth for males is 73 years and 76.2 years for females.

  • As per recent statistics, the literacy rate in Delhi has been increasing and currently stands at 86.21 percent, according to the latest population census. Among males, the literacy rate is 90.94 percent, while among females, it's 80.76 percent.

  • In 2023, Delhi's population was nearly 35 million people, showing a growth of 2.73% from the previous year.

  • In 2022, Delhi's death rate per 1000 people was 6.07, down from 8.28 in 2021. The infant mortality rate per 1000 live births was 23.82 in 2022, slightly higher than 23.60 in 2021.

  • As per recent statistics, breast cancer was the most common type of cancer in women in Delhi, making up 28.6% of cases, with a median age of 50 years. The crude incidence rate for breast cancer was 34.8 per 100,000 females, while the age-standardized rate was 41.0 per 100,000 females.

one crore term plan
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Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Term Life Insurance Quotes in Delhi 2024

With rising pollution levels and the associated health concerns, primarily due to poor Air Quality Index (AQI), protecting one's family becomes crucial. Moreover, the city witnesses floods during monsoons and a subsequent increase in medical and education costs. In such a situation, term insurance emerges as a safety net, therefore ensuring that your loved ones are protected financially in the event of unforeseen circumstances. Hence, people living in Delhi must buy the term insurance plans to secure the their families amidst such conditions. 

You can find the term life insurance plans in Delhi easily online through Policybazaar. With the help of their comparison engine, you can compare plans from 20+ Indian insurers and buy the term plan. Here are some of the plans along with their benefits.

Life Insurance Company Term Insurance Plan Claim Settled Amount (cr) Entry Age Sum Assured Additional Benefits
Aditya Birla Sun Life Insurance Company Limited ABSLI Salaried Term Plan 458 21 to 55 years Rs. 50 Lakhs to Rs. 5 Crores
  • Exclusively designed for salaried individuals
  • Accelerated Critical Illness
  • Tax Benefits
Aviva Life Insurance Company India Limited Aviva Signature 3D Term Plan 98 18 to 65 years Rs. 5 Lakhs to no limit
  • Financial protection for family
  • Enhance cover with riders
  • Tax benefits
Bajaj Allianz Life Insurance Company Limited Bajaj Allianz eTouch 603 18 to 55 years Rs. 50 Lakhs to Rs. 10 Crores
  • Terminal Illness
  • Waiver of Premium
  • Early exit benefit
Bandhan Life Insurance Company Limited Bandhan Life iTerm Prime 86 18 to 65 years Rs. 25 Lakhs to Rs. 20 Crores
  • Special Exit Value
  • AD Rider
  • CI Care Rider
Bharti Axa Life Insurance Company Limited Flexi Term Pro 148 18 to 65 years Rs. 25 Lakhs to no limit
  • Choose from 2 cover options
  • Get single or joint cover
  • Life stage benefits
Canara HSBC Life Insurance Company Limited Canara Young Term Plan 186 18 to 45 years Rs. 25 Lakhs to Rs. 20 Crores
  • Block Your Premium
  • Special Exit Value
  • Child Care Benefit
Edelweiss Life Insurance Company Limited Edelweiss Life Zindagi Plus 59 18 to 65 years Rs. 25 Lakhs - no limit
  • Option to cover spouse as well
  • Increase cover yearly
  • Post-hospitalisation benefits offered
Future Generali India Life Insurance Company Limited Future Generali India Term Insurance Plan 33 18 to 60 years Rs. 50 Lakhs to no limit
  • Financial protection for family
  • Tax benefits
  • Enhance cover with riders
HDFC Life Insurance Company Limited HDFC Click 2 Protect Super 1,389 18 to 65 years Rs. 50 Lakhs to Rs. 20 Crores
  • Terminal illness Benefit
  • Waiver of Premium on Critical Illness and Total and Permanent Disability
  • Return of Premium option
ICICI Prudential Life InsuranceCompany Limited ICICI iProtect Smart 1,950 18 to 65 years Rs. 50 Lakhs to Rs. 20 Crores
  • Terminal Illness benefit
  • Waiver of Premium
  • Life stage benefit
IndiaFirst Life Insurance Company Limited IndiaFirst Life Elite Term Plan 160 18 to 60 years Rs. 1 Lakh to Rs. 5 Crore
  • Long term cover
  • Financial protection for family
  • Flexible premium payments
Kotak Mahindra Life Insurance Company Limited Kotak Life e Term 321 18 to 65 years Rs. 50 Lakhs to Rs. 10 Crores
  • Smart Exit Benefit
  • Wellness Benefit
Life Insurance Corporation of India LIC New Tech Term Plan 18,398 18 to 65 years Rs. 50 Lakhs to no limit
  • Choose from 2 sum assured
  • Enhance cover with riders
  • Pay premiums as per convenience
Axis Max Life Insurance Company Limited Max Life Smart Secure Plus 1,242 18 to 60 years Rs. 25 Lakhs to Rs. 1 Crore
  • Terminal Illness
  • Accelerated Critical Illness Benefit
  • Special Exit Value
  • Joint Life option
PNB MetLife India Insurance Company Limited PNB MetLife Mera Term Plan Plus 407 18 to 50 years Rs. 50 Lakhs to Rs. 10 Crores
  • Life stage benefit
  • Terminal Illness
  • Accelerated Critical Illness
  • Waiver of premiums on ATPD or CI
Pramerica Life Insurance Company Limited Pramerica Life Rock Solid Plan 30 18 to 65 years Rs. 50 Lakhs to no limit
  • Smart Exit benefit
  • Option to choose increasing cover
  • Cover spouse in the same plan
SBI Life Insurance Company Limited SBI eShield Next Plan 1,676 18 to 65 years Rs. 50 Lakhs to Rs. 10 Crores
  • Terminal Illness
  • Flexible Death Benefit Payment Modes
  • Better Half Benefit
Shriram Life Insurance Company Limited Shriram Life Smart Protection Plan 109 18 to 65 years Rs. 30,000 to Rs. 14 Lakhs
  • Choose from 3 plan options
  • Get inbuilt accidental cover
  • Affordable premiums
Star Union DAI-ICHI Life Insurance Company Limited SUD Life Protect Shield Plus 113 18 to 60 years Rs. 1 Crore to 2 Crore
  • Change premium pay frequency
  • Choose convenient mode of payment
  • Tax benefits
Tata AIA Life Insurance Company Limited Tata AIA SRS Vitality Protect 776 18 to 60 years Rs. 50 Lakhs to Rs. 2 Crores
  • Early payout on Terminal illness
  • Accidental Death
  • Accidental Total & Permanent Disability

*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 to Buy Term Life Insurance from Policybazaar?

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

You can easily visit the address mentioned below to contact Policybazaar in Delhi to buy term plan:

Policybazaar.com
Plot 57, Sector 44,
Gurugram, Haryana – 122001

You can also 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.

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Why Should You Buy Term Insurance In Delhi?

With Delhi’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 Delhi:

  • Financial Protection Amidst Growing Inflation: As living expenses rise in Delhi, opting for a term insurance plan becomes crucial for securing your family's financial future. The life cover you choose ensures that essential needs like housing, education, and daily expenses remain covered, and therefore, your family can be stable during unforeseen situations.

  • Education and Securing Tomorrow: With Delhi becoming the hub of modern education, families prioritize their children's future and therefore, a term plan becomes a safety net for your child's academic journey, ensuring financial support even in your absence.

  • Managing Healthcare Expenses: Despite Delhi's rising healthcare infrastructure, unexpected medical emergencies can become stressful. Term insurance steps in to relieve you from this burden by covering potential medical costs, ensuring your family remains financially equipped to tackle health challenges.

FAQs

  • Q: How can I find the term life insurance plans in Delhi?

    You can easily find the term life insurance plans in Delhi online through Policybazaar. Visit the website or use the Policybazaar app to compare plans from 20+ Indian insurers and choose the one that best suits your needs.
  • Q: What factors should I consider while buying term insurance in Delhi?

    When buying term insurance in Delhi, consider factors like the sum assured, premium affordability, additional benefits like terminal illness coverage, and the insurer's claim settlement ratio.
  • Q: Can I buy term insurance online in Delhi?

    Yes, you can conveniently purchase term insurance online in Delhi through Policybazaar's website or app. Simply compare the available plans, select the one that meets your requirements, and complete the purchase process online.
  • Q: How can I contact Policybazaar to buy term insurance in Delhi?

    You can contact Policybazaar through their Claim Assistance Helpline Number at 1800-258-5881. Additionally, you can visit their office in Delhi, details of which can be found on their website, or reach out to an insurance advisor for assistance.
  • Q: Why should I buy term insurance from Policybazaar?

    Policybazaar offers dedicated claim support, discounts up to 10% for online purchases, recorded calls to ensure transparency, advisors available in your city, and easy refund options, making it a reliable platform for buying term insurance in Delhi.
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. 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 complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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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