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Maharashtra, often called “the city of dreams,” is a western Indian state bordered by the Arabian Sea. As the largest economy in India, Maharashtra is home to strong infrastructure for transportation and trade, including airports, seaports, and highways. However, the state faces challenges such as overpopulation, traffic congestion, and the risk of natural disasters like floods during the monsoon season.
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These are some of the reasons why term insurance becomes an important financial decision for the citizens of this state. Term insurance is a safety net for your family's future, providing protection and peace of mind against life’s uncertainties in Maharashtra Gadhinglaj.
Let us take a look at some of the statistics of Maharashtra that you need to know while buying term insurance plans:
Maharashtra has an average Life Expectancy Rate of 72.5%
In 2020, the Birth Rate in Maharashtra was at 5.5
The Mortaily Rate in 2020 was 16 per 1000 live births
The Literacy Rate in 2024 is 82.34, as per the latest population census
These reasons collectively shed light on the importance of term insurance in Maharashtra. Term plans provide the needed financial protection to your family at highly affordable rates, starting at just Rs. 473 per month.
Maharashtra Gadhinglaj experiences a wide range of weather patterns, from scorching summers to heavy monsoon rains, which can bring about unforeseen calamities such as floods and cyclones, disrupting livelihoods and causing financial strain. Moreover, the state struggles with health issues like tropical diseases, waterborne illnesses, and rising medical costs.
In such conditions, buying the best term insurance plan in India becomes important to ensure the family’s financial stability. Whether it's providing for education, healthcare expenses, or securing the family's future amidst the uncertainties of life in Maharashtra Gadhinglaj, term insurance stands as a reliable safety net tailored to the needs of the state's residents.
| Term Insurance in Maharashtra Gadhinglaj | Entry Age | Sum Assured | Additional Benefits |
| ICICI Prudential iProtect Smart | 18 - 65 years | Rs. 50 Lacs - Rs. 20 Crores |
|
| HDFC Life Click 2 Protect Super | 18 - 65 years | Rs. 50 Lacs - Rs. 20 Crores |
|
| Max Life Smart Secure Plus | 18 - 60 years | Rs. 25 Lacs - Rs. 1 Crore |
|
| TATA AIA SRS Vitality Protect | 18 - 60 years | Rs. 50 Lacs - Rs. 2 Crores |
|
| Bajaj Allianz Life eTouch | 18 - 55 years | Rs. 50 Lacs - Rs. 10 Crores |
|
| PNB MetLife Mera Term Plan Plus | 18 - 50 years | Rs. 50 Lacs - Rs. 10 Crores |
|
| Canara HSBC Young Term Plan - Life Secure | 18 - 45 years | Rs. 25 Lacs - Rs. 20 Crores |
|
| Kotak Life e-Term | 18 - 65 years | Rs. 50 Lacs - Rs. 10 Crores |
|
| Edelweiss Life Zindagi Protect | 18 - 65 years | Rs. 50 Lacs - No Limit |
|
| Aegon Life iTerm Prime | 18 - 65 years | Rs. 25 Lacs - Rs. 20 Crores |
|
| ABSLI Salaried Term Plan | 21 - 55 years | Rs. 50 Lacs - Rs. 5 Crores |
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| SBI Life eShield Next | 18 - 65 years | Rs. 50 Lacs - Rs. 10 Crores |
|
* You can use a term insurance premium calculator to estimate the premiums you would need to pay for the desired life cover.
You can easily visit the address mentioned below to contact Policybazaar in Maharashtra Gadhinglaj to buy term plan:
Policybazaar Insurance Brokers Private Limited
Infinity Tower Mindspace, 1-B, Zakeria Rd,
Behind Lakozy Toyota showroom, Malad,
Rajan Pada, Ekta Nagar, Malad West,
Mumbai, Maharashtra Gadhinglaj 400064
You can also contact Policybazaar through their Claim Assistance Helpline at 1800-258-5881, or log in to the 'My Account' section on their official website, or simply use the Policybazaar app to resolve your policy-related queries.
Buying term insurance is essential for Maharashtra Gadhinglaj residents, given the state's diverse climate and prevalent health concerns. The need for financial protection is evident, from extreme weather conditions like floods and cyclones to health challenges such as tropical diseases.
Term insurance provides a crucial safety net, offering comprehensive coverage against life's uncertainties. Whether securing education funds, covering medical expenses, or ensuring family financial stability, term insurance offers peace of mind and protection against the unpredictable nature of life in Maharashtra Gadhinglaj. With affordable premiums and tailored coverage, it's a proactive step towards securing loved ones' well-being and mitigating financial risks.
Financial Protection: Term insurance in Maharastra provides your family with the required financial stability in case of an unforeseen event. Considering the state's diverse weather conditions, these plans become essential for people living in Maharashtra Gadhinglaj.
Affordable Premiums: Since term insurance is generally the most affordable type of life insurance, term plans in Maharashtra Gadhinglaj are also highly affordable. These plans allow people from various financial backgrounds to buy term insurance. You can buy a 1 Crore term insurance starting at just Rs. 473 monthly.
Child’s Future Education: With the ever-rising education costs in Maharashtra Gadhinglaj, your family might struggle to pay for a child’s higher education in your absence. With term insurance, your family can use the benefit amount to pay for the child’s education.
Tax Saving Benefits: You can claim tax benefits in term insurance under sections 80C, 80D, and 10(10D) of the Income Tax Act, 1961, as per the prevailing tax laws.
Peace of Mind: Term insurance in Maharashtra Gadhinglaj provides you with the peace of mind that your family will be financially protected in the event of your untimely demise. This allows you to live a stress-free life.
We help to choose best insurance based on your need
†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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