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Kerala, often called ‘God’s own country’, is a land of diversity and culture. This South-Indian state is gifted with breathtaking backwaters and scenic natural views.
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But amidst its serene beauty lies several risks your family must be protected from. Moreover, circumstances can change rapidly in Kerala, and natural calamities are a constant concern. Therefore, the people of Kerala need to buy term plan and safeguard their loved ones financially. Let’s understand more about term life insurance in Kerala and the term insurance plan you can buy to secure your loved ones.
Here are some facts and statistics about Kerala that you must know to buy term plan:
The word ‘Kerala’ means ‘Land of Coconuts’ and is home to several coconut trees scattered all across the state.
Kerala has the highest female-to-male ratio among all Indian states, with 1084 females for every 1000 males.
Kerala has one of the highest life expectancy in India, with people living up to 75 years on average. This is a significant 10-year difference compared to the national average of around 65 years.
Kerala has the highest literacy rate among all Indian states with 94%.
Kerala is home to the first ayurvedic resort in the world, ‘Somatheeram’. It is also the only state in India where Ayurveda is the main treatment for many diseases.
The first COVID-19 case in India was detected in Kerala, and the state recorded over 67 Lakh cases from 2022 to 2021.
Kerala receives the earliest rainfall in the country, mostly on or during the first week of June.
Kerala is also known as the ‘Land of Elephants’, with over 700 elephants roaming in its green fields.
Kerala has the lowest population growth rate in the country, with only a 4% increase compared to the national average of 17%.
Kerala has witnessed severe floods in recent years, making it crucial for people to secure their family’s lifestyle in the event of the policyholder’s sudden death. Therefore, people living in Kerala must buy the term insurance plans to secure the financial future of their families amidst such conditions.
Term life insurance in Kerala can easily be found online on Policybazaar, where different term insurance plans offered by multiple insurers can be compared. Policybazaar has its own comparison engine where you can easily compare term plans from 20+ Indian insurers. Here is a list of all the term life insurance plans in Kerala:
Term Plans
| 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 |
|
| Aviva Life Insurance Company India Limited | Aviva Signature 3D Term Plan | 98 | 18 to 65 years | Rs. 5 Lakhs to no limit |
|
| Bajaj Allianz Life Insurance Company Limited | Bajaj Allianz eTouch | 603 | 18 to 55 years | Rs. 50 Lakhs to Rs. 10 Crores |
|
| Bandhan Life Insurance Company Limited | Bandhan Life iTerm Prime | 86 | 18 to 65 years | Rs. 25 Lakhs to Rs. 20 Crores |
|
| Bharti Axa Life Insurance Company Limited | Flexi Term Pro | 148 | 18 to 65 years | Rs. 25 Lakhs to no limit |
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| Canara HSBC Life Insurance Company Limited | Canara Young Term Plan | 186 | 18 to 45 years | Rs. 25 Lakhs to Rs. 20 Crores |
|
| Edelweiss Life Insurance Company Limited | Edelweiss Life Zindagi Plus | 59 | 18 to 65 years | Rs. 25 Lakhs - no limit |
|
| Future Generali India Life Insurance Company Limited | Future Generali India Term Insurance Plan | 33 | 18 to 60 years | Rs. 50 Lakhs to no limit |
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| HDFC Life Insurance Company Limited | HDFC Click 2 Protect Super | 1,389 | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
|
| ICICI Prudential Life InsuranceCompany Limited | ICICI iProtect Smart | 1,950 | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
|
| IndiaFirst Life Insurance Company Limited | IndiaFirst Life Elite Term Plan | 160 | 18 to 60 years | Rs. 1 Lakh to Rs. 5 Crore |
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| Kotak Mahindra Life Insurance Company Limited | Kotak Life e Term | 321 | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Life Insurance Corporation of India | LIC New Tech Term Plan | 18,398 | 18 to 65 years | Rs. 50 Lakhs to no limit |
|
| Axis Max Life Insurance Company Limited | Max Life Smart Secure Plus | 1,242 | 18 to 60 years | Rs. 25 Lakhs to Rs. 1 Crore |
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| PNB MetLife India Insurance Company Limited | PNB MetLife Mera Term Plan Plus | 407 | 18 to 50 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Pramerica Life Insurance Company Limited | Pramerica Life Rock Solid Plan | 30 | 18 to 65 years | Rs. 50 Lakhs to no limit |
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| SBI Life Insurance Company Limited | SBI eShield Next Plan | 1,676 | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Shriram Life Insurance Company Limited | Shriram Life Smart Protection Plan | 109 | 18 to 65 years | Rs. 30,000 to Rs. 14 Lakhs |
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| Star Union DAI-ICHI Life Insurance Company Limited | SUD Life Protect Shield Plus | 113 | 18 to 60 years | Rs. 1 Crore to 2 Crore |
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| Tata AIA Life Insurance Company Limited | Tata AIA SRS Vitality Protect | 776 | 18 to 60 years | Rs. 50 Lakhs to Rs. 2 Crores |
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*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
You can easily visit the address mentioned below to contact Policybazaar in Kerala to buy term plan:
Policybazaar Insurance Brokers Private Limited,
4th Floor Arya Bhangy Pinnacle,
S.A. Road Elamkulam,
Kochi, Kerala - 682020
You can also contact Policybazaar through the Claim Assistance Helpline Number at 1800-258-5881.
Additionally, you can log in to the 'My Account' section on the website or directly use the official Policybazaar app to receive assistance in case you have any doubts/queries.
*Note: You can easily contact Policybazaar insurance advisor to clear all doubts, resolve queries, and know about various term plans available.
We help to choose insurance based on your need
With Kerala’s extreme flood situation and rising healthcare prices, there is an even more need for life insurance. Here are some more reasons why you should buy term insurance in Kerala:
Financial Security During Growing Expenses: With the rising cost of living in Kerala, a term insurance plan is an important financial decision as it protects your loved ones. The life cover can cover essential expenses like education, housing, and daily living costs, ensuring your family's stability during economic difficulties.
Educational Hub and Future Planning: Kerala has the highest literacy rate in India. Therefore, families in Kerala constantly prioritize their children's academic growth. Term insurance, in this case, provides financial security for your child's education, ensuring their studies can continue even in your unfortunate absence.
Healthcare Costs and Medical Emergencies: Kerala’s gradual development attracts increased focus on healthcare. However, medical emergencies can still become a financial challenge for many. Term insurance helps cover potential medical expenses, ensuring your family has the right finances to cover for unforeseen health crises without compromising financial stability.
†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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