Ask Value Research

Life insurance cover for Rs 1 crore

Since you are buying a cover of Rs 1 core, you can consider buying it from two insurance companies

15-Dec-2015•Research Desk

I am 30 years old. I am working in a PSU Bank. I want to purchase a life insurance cover of ₹1 crore. I want to buy a term insurance plan for a term of 30 years. Which plan should I buy?
- Mohit Sharma

You can consider buying HDFC Life Click 2 Protect Plus- Life Option, Max Life Online Term Plan and ICICI Pru iProtect Smart. We have chosen these insurers on the basis of good claim settlement ratio.

Since you are buying a cover of ₹1 core, you can consider buying it from two insurance companies.

Annual premiums for 30-year-old non-smoker for a ₹50 lakh sum assured:
HDFC Life Click 2 Protect Plus- Life Option: ₹5,829
Max Life Online Term Plan: ₹4,250
ICICI Pru iProtect Smart: ₹5,085

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