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Term Life Insurance in Gujarat 2024

Gujarat, the western-Indian state with the longest coastline in the country, is also called the ‘Jewel of the West’. While Gujarat is one of the best states to reside due to its geography and socio-economic condition, it also poses multiple risks that people must protect their families from. Increasing population and traffic, growing healthcare and education costs and poor road condition are some of the challenges faced by people of Gujarat over the years.

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These crises bound people to take necessary financial measures and provide a safety net for their loved ones. Therefore, it is very important to buy term insurance and protect your family in Gujarat from life’s uncertainties. Let’s discuss the importance of term insurance in Gujarat in this article.

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Need For Term Insurance Based On Statistics Of Gujarat

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

According to recent data, Gujarat’s life expectancy at birth is 69.9.
The number of deaths in road accidents in Gujarat increased from 6,281 in 2020-21 to 7,656 in 2022-23, marking a rise of 1,375 or 18%.
The number of suicides in Gujarat increased notably in 2021 compared to the previous year. In 2020, there were 8,050 reported cases, which rose to 8,789 in 2021, marking a 9.1% increase, according to data from the Union government.
As per the 2011 census, the last estimated population of Gujarat is approximately 7.27 Crores.

*Last census in Gujarat was in 2011, and the next one, scheduled for 2021, has been postponed until 2024

As per recent statistics, the literacy rate in Gujarat (for the year 2024) is at 78.03% and has seen upward trend in recent years. Among males, the literacy rate is 85.75 percent, and among females, it is 69.68 percent.
Gujarat has cancer rates of 98 per 1 lakh males and 78 per 1 lakh females, according to the Ahmedabad Cancer Registry.

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Term Life Insurance Quotes in Gujarat 2024

Gujarat is a state with notable growth and development, attracting people from across the country in search of job opportunities, education, and better living conditions. However, this influx has caused increases in prices for education, accommodation, healthcare, and basic necessities. Additionally, the state faces severe droughts in the summers and has poor road conditions. Therefore, residents of Gujarat should prioritize the future well-being of their families and buy term plan. Term insurance provides financial security to your family in the unfortunate event of your death, ensuring they are not burdened financially.

You can find the term insurance plans in Gujarat easily online at Policybazaar. You can use the comparison tool to compare different plans based on your criteria and needs. With Policybazaar, you can efficiently compare term plans from 20+ insurers and buy the plan that suits your requirements.

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 Gujarat?

You can call Policybazaar and solve all your doubts at their Claim Assistance Helpline Number: 1800-258-5881.

You can also get help with any questions or concerns by logging into the 'My Account' section on their website or using the Policybazaar app.

Why Should You Buy Term Insurance In Gujarat?

Every year, Gujarat encounters several challenges. For instance, there's been a rise in accident cases, and the increasing costs of healthcare and other essentials have made it tough for residents to manage their expenses. These unpredictable situations make term and life insurance a safety net in Gujarat. Here are some more reasons why you should buy term insurance in Gujarat:

Cover Against Multiple Risks: Gujarat deals with different risks like natural disasters, health crises, and socio-economic issues. Term insurance provides a safety net by giving a death benefit to beneficiaries, easing their financial burdens if the policyholder passes away.
Income Replacement: In a state like Gujarat, where prices are soaring high, losing the prime breadearner of the family can cause serious financial stress to a family. Term insurance steps in to replace the lost income, helping the family keep up their lifestyle and cover expenses.
Affordability of Term Plans: Term insurance plans usually offer high coverage at low premium rates, thereby, making it accessible to people living in Gujarat from diverse socio-economic backgrounds in Gujarat.
Peace of Mind: Knowing that your loved ones are financially secured in the event of your untimely demise will provide you with peace of mind. Moreover, it also allows you to focus on other aspects of their lives without stressing about the financial protection of you family members.

FAQs

Q: Why is term insurance essential in Gujarat?

Ans: Term insurance provides vital financial protection in Gujarat, where various risks like natural disasters, health emergencies, and socio-economic challenges exist. It ensures that your family is financially secure in case of your untimely demise.
Q: How does term insurance help in Gujarat's socio-economic landscape?

Ans: With Gujarat facing challenges like rising costs of healthcare and education, poor road conditions, and increasing accidents, term insurance acts as a safety net. It replaces lost income, maintains the family's standard of living, and covers financial obligations in case of the primary breadwinner's death.
Q: What benefits does Policybazaar offer for buying term insurance in Gujarat?

Ans: Policybazaar provides discounts up to 10% on online purchases, dedicated claim support for families, 100% recorded calls to prevent mis-selling, and easy refunds. Their advisors are also available locally to assist you in finding the right term insurance plan.
Q: How can I contact customer support to resolve queries about term insurance?

Ans: You can easily contact Policybazaar insurance advisor to resolve queries, and know about various term insurance plans available.
Q: How can I find out the term insurance plans in Gujarat 2024?

Ans: Policybazaar has its own comparison portal where you can compare different term plans from different insurers as per your needs from 20+ insurers.
Q: How can I contact customer support to resolve queries about term insurance?

Ans: You can easily contact Policybazaar insurance advisors to clear all doubts, resolve queries, and know about various term plans available. Or you can call this helpline number: 1800-258-5881.

Term Insurers

Aditya Birla Sun Life Term Insurance Plans

Aviva Term Insurance Plans

Bajaj Allianz Term Insurance Plans

Bandhan Life Term Insurance Plans

Canara HSBC Term Insurance Plans

Edelweiss Term Insurance Plans

Exide Life Term Insurance Plans

Show More Insurers

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