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Tamil Nadu is southern Indian state known for being India’s second wealthiest state after Maharashtra. It is surrounded by the Indian ocean on the southern and eastern side. Famous for its vibrant culture, traditions and architecture, Tamil Nadu is also one of world’s oldest civilisations.
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However, the state faces recurring challenges every year, including the monsoon season frequently bringing heavy rains, causing widespread flooding, particularly in urban areas like Chennai, disrupting lives and infrastructure. Additionally, Tamil Nadu's coastal location makes it vulnerable to cyclones, which can lead to extensive damage and displacement. Hence, it becomes crucial for the people of Tamil Nadu to buy term plan to ensure the financial security of their loved ones. Let’s understand more about term life insurance in Tamil Nadu and the term insurance plan you can buy to secure your loved ones.
Term Plans
Here are some facts and statistics about Tamil Nadu that you must know to buy term insurance plan:
The sex ratio in Tamil Nadu is 996 females for every 1000 males, which is above the national average of 940, according to the latest census. In 2001, the sex ratio in Tamil Nadu was 987 females per 1000 males
The life expectancy at birth in Tamil Nadu has improved from 68.9 years (2006-10) to 72.1 years (2014-18), above the national average of 69.4 years.
The literacy rate in Tamil Nadu is 80.09 percent according to the latest census. Male literacy is 86.77 percent, and female literacy is 73.44 percent.
The current estimate population of Tamil Nadu is 8.39 Crores.
In 2023, Tamil Nadu is estimated to have around 82,000 new cancer cases. For the past few years, it has been one of the top states for cancer in India.
Tamil Nadu annually suffers from water scarcity in the dry season and flooding during the monsoons, which disrupts daily life and damages infrastructure. The state is also prone to annual cyclones, leading to frequent displacement and destruction in coastal areas. These environmental challenges are accompanied by socio-economic issues, such as agricultural distress and the disparity in development between urban and rural areas. Therefore, people living in Tamil Nadu must buy the term insurance plans to secure the their families amidst such conditions.
You can find the term life insurance plans in Tamil Nadu 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.
We help to choose insurance based on your need
| 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 |
|
| 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 |
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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 reach Policybazaar's Claim Assistance Helpline at 1800-258-5881. Alternatively, you can access the 'My Account' section on their website or use their official app for assistance with your term plan or to resolve any queries.
If you are looking for term insurance policies in Southern states, you can also visit Policybazaar’s nearest office in the below mentioned address:
PolicyBazaar Insurance Brokers Private Limited,
Diamond District, Gate-2, Tower B,
3rd Floor, Old Airport Road,
Kodihalli, Karnataka, Bangalore, 560008
*Note: You can easily contact Policybazaar insurance advisor to clear all doubts, and know about various term insurance plans available.
With Tamil Nadu’s extreme weather conditions, and pollution, there is an even more need for life insurance. Here are some more reasons why you should buy term insurance in Tamil Nadu:
Seasonal calamities - Water scarcity during dry seasons can lead to severe stress and health complications. In case these issues result in the policyholder's sudden demise, term insurance will pay a life cover in the form of a death benefit to financially protect the family.
Floods - Flooding during monsoons often causes accidents and health risks. If such conditions lead to the policyholder's unexpected death, term insurance will provide a death benefit to ensure the family's financial stability.
Cyclones - Cyclones frequently strike the coastal areas, causing significant destruction and potential loss of life. Should the policyholder perish due to these events, term insurance will deliver a death benefit to support the bereaved family.
Agricultural Distress - Agricultural distress due to environmental challenges can result in financial and mental strain. If this stress leads to the policyholder's untimely death, term insurance will offer a death benefit to help the family cope financially.
Urban-Rural Development Disparities - The disparity in urban and rural development can cause various socio-economic issues impacting health and safety. In case these lead to the policyholder's sudden demise, term insurance will provide a death benefit to secure the family's financial future.
Ans: Some of the term life insurance plans available in Tamil Nadu are:
†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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