Prices Increasing Soon
Buy 2 crore term insurance plan, which is a type of term insurance that ensures your family's financial future. If something happens to you during the policy term, the insurer will pay ₹2 cr amount to your nominee/beneficiary. If you’re searching for the best term insurance plan for 2 crore, let us help you explore the benefits, options, and why buying a 2 crore term insurance plan would be an ideal choice for many.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Table of Content
Term Plans
2 crore term insurance plans ensure the financial stability of your loved ones in your absence as they offer coverage for a specific tenure in exchange for regularly paid premiums. With Policybazaar, you can easily compare and buy the term insurance plan for 2 crore online from the comfort of your home.
Here is a table showing the list of life insurance companies in India that offer the best term insurance plan for 2 Crores offered by Policybazaar.
| Name of the Insurer | Term Insurance Plan | Claim Settled Amount (cr) | Entry Age | Maximum Maturity Age | |
| Aditya Birla Sun Life Insurance Company Limited | ABSLI Income Suraksha Plan | 458 | 21-55 years | 70 years | |
| Aviva Life Insurance Company India Limited | Aviva Signature 3D Term Plan | 98 | 18-65 years | 80 years | |
| Bajaj Allianz Life Insurance Company Limited | Bajaj Allianz eTouch | 603 | 18-55 years | 99 years | |
| Bandhan Life Insurance Limited | Bandhan Life iTerm Prime | 86 | 18-65 years | 70 years | |
| Bharti Axa Life Insurance Company Limited | Flexi Term Pro | 148 | 18-65 years | 99 years | |
| Canara HSBC Life Insurance Company Limited | Canara Young Term Plan | 186 | 18-45 years | 99 years | |
| Edelweiss Life Insurance Company Limited | Edelweiss Life Zindagi Plus | 59 | 18-65 years | 80 years | |
| Future Generali India Life Insurance Company Limited | Future Generali India Term Insurance Plan | 33 | 18-60 years | 65 years | |
| HDFC Life Insurance Company Limited | HDFC Click 2 Protect Super | 1,389 | 18-65 years | 85 years | |
| ICICI Prudential Life Insurance Company Limited | ICICI iProtect Smart | 1,950 | 18-65 years | 99 years | |
| IndiaFirst Life Insurance Company Limited | IndiaFirst Life Elite Term Plan | 160 | 18-60 years | 99 years | |
| Kotak Mahindra Life Insurance Company Limited | Kotak e Term | 321 | 18-65 years | 85 years | |
| Life Insurance Corporation of India | LIC New Tech Term Plan | 18,398 | 18-65 years | 80 years | |
| Axis Max Life Insurance Company Limited | Max Life Smart Total Elite Protection | 1,242 | 18-65 years | 85 years | |
| PNB MetLife India Insurance Company Limited | PNB MetLife Mera Term Plan Plus | 407 | 18-50 years | 80 years | |
| Pramerica Life Insurance Company Limited | Pramerica Life Rock Solid Plan | 30 | 18-65 years | 85 years | |
| SBI Life Insurance Company Limited | SBI eShield Next Plan | 1,676 | 18-65 years | 100 years | |
| Shriram Life Insurance Company Limited | Shriram Life Smart Protection Plan | 109 | 18-65 years | 75 years | |
| Star Union DAI-ICHI Life Insurance Company Limited | SUD Life Protect Shield Plus | 113 | 18-60 years | 80 years | |
| Tata AIA Life Insurance Company Limited | Tata AIA Sampoorna Raksha Promise | 776 | 18-65 years | 100 years |
Note: Compare term plans to find the best term insurance plan for 2 crore that suits your needs and budget.
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
Here are 5 reasons why it is wise to buy term plan for high coverage with a sum assured of Rs. 2 crore:
Affordable premiums
The 2 crore term insurance is affordable as the monthly premium is generally around Rs. 940 for the young, healthy individuals. Also, you can save money on the term insurance premium if you buy it an an early age. So, calculate your premium using term insurance calculator and get stress free today.
Acts as a Financial Cushion
If you are the main breadwinner of your family or have any financial dependents, a 2 crore term plan will provide financial protection for your loved ones. The death benefit from term plan can be used for education, loans, household expenses, making sure your family’s financial needs are fulfilled even in case of your absence.
Comprehensive Coverage
A 2 crore term might be adequate, but policyholders have the option to add riders such as accidental death benefit, waiver of premium, and critical illness benefit. This option increases the plan’s covertage and can be added at affordable rates.
Save More on Premiums
Since the premiums of a 2 cr term insurance are so low, you can invest the remaining amount into investment products to build wealth for your financial future while still getting the required protection.
Here are a few reasons why you might need a 2crore term insurance in India:
In case of an eventuality, the financial future of the family will remain protected.
Accessibility of high coverage at an affordable term insurance premium.
Term plans are easy to understand, flexible and can be customized for different needs.
Option to enhance the base cover of the plan by adding additional rider benefits.
One of the key aspects of buying a term plan or life insurance plan is the amount of life cover the plan provides. This is important as it determines the level for, which the family is going to be secured. A term insurance policy is preferred amongst individuals as it provides high coverage. You can take a look at the plans available in India and buy the term insurance plan for 2 crores.
We help to choose insurance based on your need
Let us understand how 2 crore term insurance works with the help of an example:
Pranav, aged 30 years is preparing to get married and is excited to start a family and buy his home. With a monthly income of Rs. 80,000, he was planning to take a home loan soon. To secure his family’s future, he buys a term plan with a sum assured of 2 crore and 30 year term. Unfortunately, at age 60, he suffers a fatal heart stroke, leaving his wife to care for their young daughter alone. The term insurance payout helps her ccover school fees and loan instalments while adjusting to her new life.
Here is a list of benefits of buying the best term insurance plan for 2 crore in India:
High cover at low premiums
With 2 crore term insurance, you can secure a large sum assured for your family in your absence at affordable premiums. The term insurance premiums for a 2 crore life cover start at just Rs. 940 per month.
Family’s financial stability
The 2 crore term insurance offers your family the required financial stability by providing them with a large life cover to take care of their needs like paying the rent, child’s fees, paying off remaining loans, etc.
Flexible premium payments
You can choose a premium payment mode that fits with your financial needs, whether it is monthly, quarterly, or, annually. This flexibility in paying premium makes it easier to get information about policy and ensures it remains in-force without stressing you financially.
Customisation with riders
You can customize the 2cr term insurance by adding riders to the base plan at nominal premiums. The most common riders available in India are terminal and critical illness riders, accidental death benefits, accidental total permanent disability, and waiver of premium riders.
Tax saving benefits
You can claim term insurance tax benefits and can save on your yearly taxes as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act of 1961.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
Young Individuals: Young people in their 20s have no financial responsibilities and no health complications. They have just started their careers and earning, so the expenses are also quite low. They can get most of the benefit from a 2 crore term insurance plan at this phase as it is likely to come at low premium rates.
Primary earners with dependents, like a spouse, children, or elderly parents: Breadwinner of a family always have large financial responsibilities for which they need high life cover term plan. This will help in providing financial security to their family and assures that their family members continues to maintain the lifestyle in case of their death.
Young Parent: Newly married couple or young couples with their children and parents need a term insurance of 2 crore to help their family meet its financial needs if they are no longer with them. Outstanding loans, treatments, education expenses can be paid easily with the term insurance death benefit.
People with Medical History: Poople who are suffering from medical problems or those with any family history of critical illnesses should opt for adequate sum assured to ensuere financal protection for their family. The premium amount may be quite high in such cases.
People who wok in harsh environment: People who work at places with high risk of developing health diseases or at constant health risk because of safety concerns (refineries, security forces, mines) should opt for term insurance plan of 2 crores.
Apart from these, following people can also buy 2 crore term insurance plan:
Individuals with high financial responsibilities.
Those with significant loans, such as home or education loans.
People with long-term financial goals such as children's education or marriage.
Those looking to provide substantial financial security for their family in their absence.
Following are some of the factors you need to keep in mind when choosing the most suitable term insurance plan for 2 crore
A 2 crore term insurance plan is the one stop solution for various policy buyers as it acts as a financial shield for the future of their family. Moreover, 2 crore is a large amount that can easily take care of different financial needs that includes, household expenses, utilities, and home loans. But, it is important to understand why 2 crore term insurance is a right choice for you. Here is a list of some factors you need to keep in mind when choosing the term insurance plan for 2 crore:
Age
Older individuals are more prone to medical conditions and illnesses than young people. The term insurance premium amount is relatively higher for older people, which is why it is always recommended to buy term insurance for 2 crore at an early age. Also, this plan ensures that your family members are protected financially for a longer tenure.
Annual Income
Annual income plays an important role in determining the right cover amount. This affects your lifestyle, ability to pay premiums, and financial planning to some extent. Opting for life cover that is right for your annual income is the wisest thing to do. Policybazaar's term insurance calculator can calculate if a 2 crore term insurance plan is right for you.
Loans and Liabilities
If you are purchasing a 2 crore term insurance plan, it is crucial to consider existing loans and liabilities if you have. It can be home loan, car loan or education loan. It is important to make sure that your term plan should be adequate enough to cover all these liabilities. So, searching for the term insurance plan for 2 crore is a right decision.
Financial Dependents
Before buying a term insurance plan for 2 crores, you should always consider the financial needs of your parents, children, spouse or any other financial dependent. A 2 crore life cover might be enough to ensure that your dependents has a financial cushion to cover their financial requirements.
Claim Settlement Ratio(CSR)
The IRDAI releases its list of CSR for each company, which helps customers check and compare the plans from companies based on their CSR. Claim settlement Ratio heps you know how many claims the company has settled of all the received requests. The more the ratio, the more reliable the insurer is.
*Note: It is wise to firstly know what is term insurance and then buy 2 Crore Term Insurance Plan.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Step 1: Visit Policybazaar and go to the 2 crore term insurance page
Step 2: Fill in the basic details such as Name, Date of Birth, and contact number. Then, click on ‘View Plans’.
Step 3: Answer the questions about smoking habits, annual income, occupation type, and educational qualification,
Step 4: After submitting all the details, a list of all available 2 crore term insurance plans will be displayed.
Step 5: Choose the best term insurance plan for 2 crore that suits your financial needs and proceed to pay.
†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
Annual Renewable Term Insurance (ATR) is tailored for short-term
Read more
The ICICI Pru iProtect Super Plan is a pure-term insurance plan
Read more
Many people wonder about its tax benefits when purchasing a term
Read more
Studying abroad can be a life-changing experience, offering
Read more
The divide between rural and urban lifestyles in Tamil Nadu is
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
