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Manipur, a northeastern state of India, is known for its rich cultural heritage, scenic beauty, and ethnic diversity. Its capital, Imphal, is a cultural hub, and the state is famous for the classical dance form Manipuri and the unique Keibul Lamjao National Park, the only floating national park in the world. However, Manipur faces significant challenges, including inadequate infrastructure, frequent monsoon-related landslides and floods, and high unemployment rates.
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These issues hinder its socio-economic development and require repeated efforts for sustainable progress. Hence, it becomes very important for the citizens of Manipur to buy term plan to ensure the financial security of their loved ones. Let’s understand more about term life insurance in Manipur and the term insurance plan you can buy to secure your loved ones.
Term Plans
Here are some facts and statistics about Manipur that you must know to buy term insurance plan:
The sex ratio in Manipur is 985 females for every 1000 males, which is above the national average of 940, according to the latest census. In 2001, Manipur's sex ratio was 974 females per 1000 males.
The life expectancy in Manipur is slightly higher for females at 72.8 years compared to males at 68.0 years.
According to the latest census, the literacy rate in Manipur has increased to 76.94%. Male literacy is 83.58%, while female literacy is 70.26%.
According to the 2011 Census, Manipur's estimated population is 28.56 lakhs, up from 22.94 lakhs in the 2001 Census.
As per recent data, in the year 2022, there were 508 road accidents in Manipur.
Between November 2019 and December 2020, Manipur reported 3702 new cancer cases in males and 4500 in females, with an Age Adjusted Incidence Rate (AAR) of 62.8 and 71.1 per 100,000 population, respectively.
We help to choose insurance based on your need
Manipur faces yearly challenges like poor roads and bridges, regular floods during the monsoon, and limited job opportunities. Moroever, healthcare and education facilities in Manipur are getting costlier year after year. Hence, people living in Manipur must buy the term insurance plans to secure the their families amidst such conditions.
You can find the term life insurance plans in Manipur 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 |
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| Aviva Life Insurance Company India Limited | Aviva Signature 3D Term Plan | 98 | 18 to 65 years | Rs. 5 Lakhs to no limit |
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| Bajaj Allianz Life Insurance Company Limited | Bajaj Allianz eTouch | 603 | 18 to 55 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Bandhan Life Insurance Company Limited | Bandhan Life iTerm Prime | 86 | 18 to 65 years | Rs. 25 Lakhs to Rs. 20 Crores |
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| 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 |
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| Edelweiss Life Insurance Company Limited | Edelweiss Life Zindagi Plus | 59 | 18 to 65 years | Rs. 25 Lakhs - no limit |
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| 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 |
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| ICICI Prudential Life InsuranceCompany Limited | ICICI iProtect Smart | 1,950 | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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| 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 |
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| 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 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.
Manipur’s extreme weather conditions and pollution create an even greater need for life insurance. Here are some more reasons why you should buy term insurance in Manipur:
Poor Infrastructure: Manipur's roads, bridges, and public utilities are often in bad condition, making travel and communication difficult. If the primary breadwinner dies due to accidents related to poor infrastructure, term insurance will pay a death benefit to protect the family financially.
Frequent Natural Disasters: The state experiences heavy rains that cause floods and landslides, leading to property damage and loss of life. If the policyholder unfortunately passes away due to natural disasters, term insurance will provide a death benefit to support the family's financial needs.
Limited Healthcare Facilities: Many residents struggle to access quality medical care, making treatable conditions potentially life-threatening. Term insurance, therefore, offers a death benefit to help the family manage financially during such tough times in case the policyholder suddenly dies.
High Unemployment Rates: Limited job opportunities force many young people to migrate for work, affecting the state's economic stability. If the breadwinner unfortunately dies and the family loses its main source of income, term insurance will provide a death benefit to help them cope with financial challenges.
†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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