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Hyderabad, the capital of Telangana, is a lively city celebrated for its history, culture, and rapid growth. Dubbed the "City of Nizams," it offers residents a quality lifestyle, a blooming IT industry, excellent education, and healthcare. However, it fights with urban flooding caused by monsoons, traffic congestion, and air pollution due to heavy rains and insufficient drainage.
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Therefore, you must protect your loved ones’ financial future in the case of such risky situations in Hyderabad. In that case, term insurance is one of the best ways to secure your family's life in Hyderabad from life’s uncertainties. Let’s understand in detail about term insurance in Hyderabad and the best term plans for you.
Term Plans
Here are some facts and statistics about Hyderabad that you must know to buy term plan:
Recent data shows that the average literacy rate in Hyderabad city is 83.26%, with male literacy at 87.31% and female literacy at 79.0%.
Recent data shows that in 2016, women in Telangana had a life expectancy of 73.2 years, while men had a life expectancy of 69.4 years at birth.
In 2022, Hyderabad's metro area population was 10,534,000, a 2.58% increase from 2021.
The number of road accidents in Telangana decreased from 470,593 in 2018 to 461,312 in 2022. However, the fatality rate increased from 157,593 to 168,493 in 2018 and 2022 respectively.
As per recent data, Telangana recorded a total of 9.980 suicide cases in 2022, which includes Hyderabad’s data.
Hyderabad faces many challenges yearly, including flash floods, traffic congestion, pollution etc., making it hard to sustain in the city. The city is developing rapidly, welcoming better infrastructure and roads, but it also harbours added challenges such as population explosion, environmental damage, and more. Hence, it is important that you financially secure your loved ones living in this Indian state and buy one of the best term insurance plans.
You can find the top term insurance plans in Hyderabad online, with the help of Policybazaar's website. Here, you can compare term plans from 15+ top insurers of India. Simply use their online comparison tool to find the best plan to protect your family in Hyderabad.
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| Term Insurance Plan | Entry Age | Sum Assured | Additional Benefits |
| ICICI Prudential iProtect Smart | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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| HDFC Life Click 2 Protect Super | 18 to 65 years | Rs. 50 Lakhs to Rs. 20 Crores |
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| Max Life Smart Secure Plus | 18 to 60 years | Rs. 25 Lakhs to Rs. 1 Crore |
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| TATA AIA SRS Vitality Protect | 18 to 60 years | Rs. 50 Lakhs to Rs. 2 Crores |
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| Bajaj Allianz Life eTouch | 18 to 55 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| PNB MetLife Mera Term Plan Plus | 18 to 50 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Canara HSBC Young Term Plan - Life Secure | 18 to 45 years | Rs. 25 Lakhs to Rs. 20 Crores |
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| Kotak Life e-Term | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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| Edelweiss Life Zindagi Protect | 18 to 65 years | Rs. 50 Lakhs to No Limit |
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| Aegon Life iTerm Prime | 18 to 65 years | Rs. 25 Lakhs to Rs. 20 Crores |
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| ABSLI DigiShield Plan | 5 to 55 years | Rs. 1 Lakh to No Limit |
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| SBI Life eShield Next | 18 to 65 years | Rs. 50 Lakhs to Rs. 10 Crores |
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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 get all your questions answered. However, you should first learn about the different term plans and know what is term insurance to buy the idal term insurance plan.
We help to choose best insurance based on your need
Hyderabad faces annual challenges like water scarcity, traffic congestion, air pollution, economic disparities, heatwaves, and road safety issues. Keeping these challenges in mind, there is a serious need for term and life insurance for your family living in Hyderabad, so that they are free from financial stress and burden. Moreover, since term plan acts like a safety net for your family, you should buy term plan and be at peace knowing your loved ones are protected from all uncertainties of life in the event of your unfortunate death. Here are some other reasons why you must buy term plan in Hyderabad:
Protection against Natural Disasters: Hyderabad faces annual challenges such as urban flooding and water scarcity due to heavy rainfall during the monsoon season. In the event of such natural disasters, term insurance provides crucial financial protection to families in the unfortunate event of the policyholder’s sudden demise. Term plan ensures that the family can use the death benefit to rebuuild their lives, repair or rebuild their homes, replace damaged belongings, and cover any additional living expenses incurred due to displacement.
Coverage for Health Emergencies: Hyderabad's climate, characterized by frequent heatwaves and high levels of air pollution, poses significant health risks to its residents. Term insurance becomes essential for covering medical expenses during health emergencies. It ensures that in the event of the policyholder’s unfortunate death, the family won’t have any problem in accessing medical care or afford necessary treatments.
Security amidst Traffic Accidents: Traffic congestion and safety concerns on Hyderabad's roads increase the risk of accidents and injuries for commuters. In the unfortunate event of a traffic accident resulting in the policyholder's untimely demise, term insurance can provide crucial financial protection to the family. It offers a lump sum payout that can cover funeral expenses, outstanding debts, ongoing living expenses, and future financial needs, helping the family cope with the loss of income and the associated financial impact.
Prepares for Urbanization Risks: Rapid urbanization and environmental challenges, such as pollution and encroachment of green spaces, present ongoing challenges for Hyderabad. Term insurance prepares families for the uncertainties associated with urban development and sustainability issues. It provides financial resilience, enabling families to adapt and thrive amidst urbanization challenges by offering a financial cushion to address unforeseen expenses and maintain their standard of living despite environmental changes and urban development pressures.
Ensuring Financial Stability and Peace of Mind:Term insurance in Hyderabad caters to people from varied socio-economic backgrounds, ensuring that chosen plans don't burden finances. With affordable premiums, these plans offer broad coverage, ensuring financial stability and peace for both policyholders and their families.
*Note: You can use the term insurance calculator to easily estimate your term insurance premiums
†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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