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Mizoram, a beautiful northeastern state of India, is also known as the 'Land of Mountains.' It is a popular tourist spot because of its cultural festivals, waterfalls, lakes, dances, and national parks. However, despite its natural beauty, Mizoram's citizens face annual challenges such as monsoon-induced landslides, limited infrastructure, and economic constraints that impact daily life and development efforts.
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Hence, it becomes very important for the citizens of Mizoram to buy term plan to ensure the financial security of their loved ones. Let’s understand more about term life insurance in Mizoram and the term insurance plan you can buy to secure your loved ones.
Here are some facts and statistics about Mizoram that you must know to buy term insurance plan:
The sex ratio in Mizoram is 976 females for every 1000 males, which is above the national average of 940, according to the latest census.
Females in Mizoram have a slightly higher life expectancy (73.8 years) compared to males (68.3 years).
Mizoram's literacy rate is 91.33% according to the latest census. Male literacy is 93.35%, and female literacy is 89.27%.
According to the 2011 Census, Mizoram's estimated population is 13.80 lakhs.
In Mizoram, road accident deaths rose from 56 in 2021 to 113 in 2022, indicating a 101.79% increase.
Despite being the second least populated state, Mizoram has the highest cancer rate in India, according to The Hindu.
Despite its beauty, Mizoram faces many challenges. Frequent landslides and floods during the monsoon season disrupt daily life. The state's remote location leads to poor infrastructure and limited healthcare and education services. Additionally, unemployment and lack of industrial development pose ongoing economic challenges for its residents. Hence, people living in Mizoram must buy the term insurance plans to secure the their families amidst such conditions.
You can find the term life insurance plans in Mizoram 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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| 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.
We help to choose insurance based on your need
Mizoram’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 Mizoram:
Frequent Landslides and Floods: Mizoram experiences heavy monsoon rains, leading to landslides and floods that can devastate homes and livelihoods. Term insurance can provide financial support to families whose breadearner has unfortunately passed away due to these natural disasters, offering a lump sum payout that can be used to rebuild homes, replace lost belongings, and cover living expenses during recovery periods.
Remote Location: Mizoram's remote and hilly terrain makes access to essential services challenging. Term insurance policies can ensure that individuals in remote areas have the financial means to travel for treatment and access necessary healthcare services, even when local facilities are inadequate.
Poor Infrastructure: The state's infrastructure development lags behind due to its geographical challenges and remote location. Families with term insurance can use the policy's benefits to invest in better housing and make necessary infrastructure improvements, such as reinforcing homes against natural disasters, which can enhance safety and quality of life, once the policyholder suddenly dies.
Limited Healthcare Services: Mizoram's healthcare facilities are often under-resourced and difficult to access. Term insurance can cover medical costs, reducing the financial burden on families. This allows them to seek better medical care without worrying about the expense, ensuring timely and adequate treatment for various health issues.
Economic Challenges: High unemployment rates and lack of industrial development pose significant economic challenges for Mizoram's residents. Term insurance provides a financial safety net, helping families cope with periods of unemployment and economic hardship. The policy payout can be used to cover daily expenses, invest in education, or start small businesses, contributing to long-term financial stability and growth.
†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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