Top 5 Term Insurance Companies In India providing Term Insurance plan for ₹2 crore

Listing the 5 best insurance companies offering 2 crore term insurance policies for a better and secure future for you and your loved ones. Take a look.

Term insurance is not an option anymore. Not in the current world at least, which is filled with uncertainty in various areas of life – health, money, and life itself. There is no certainty of life anymore. At least, this is what the recent pandemic episode taught the entire world. The only thing certain in this scenario which assures financial protection not just for a lifetime but beyond life as well is term insurance. Here we discuss the value of 2 crore term insurance for your family and the top 5 companies that offer these plans at the best rates in the market. Read on.

Why to Buy 2 Crore Term Insurance Plans?

When buying term insurance for your family and loved ones, the most important thing to take into consideration is the life cover of the plan. This means the amount that would be assured to your loved ones in your absence to help secure their financial future after you. It is important that the life cover provides adequate coverage financially to cover both the present as well as future goals of all your family members.

This is where you need to put in a bit of thought into deciding the most appropriate (rather adequate) life cover for your family’s needs. We highly recommend going in for a minimum of 2 crore term insurance cover because it would sufficiently cover both present and financial requirements of your loved ones in your absence.

This could mean paying off any debts that you would have taken in your lifetime, besides providing for the education of your children and of course their marriage expenses. How? Because a 2 crore term life insurance plan is designed to offer the beneficiary (spouse/any other family member nominated by the policyholder) a sum assured of Rs. 2 crore as death benefit upon the latter’s unfortunate demise during the term of the plan.

This means investing in a plan that provides high financial coverage. As for the premium payable, term insurance 2 crore plans offer quite reasonable premium rates which can be easily afforded if you fall under any of the following:

• You earn over Rs. 500,000 per year and can comfortably afford regular premium payments over the year
• You are still young and healthy which means that you will be offered the policy at relatively lower premium rate, thereby making it affordable
• You are the only bread earner for your family which means that all financial responsibilities are solely on your shoulders. It only makes sense to buy a term insurance of 2 crore to take care of your family’s financial needs in your absence.

If you’re convinced of investing in companies providing term insurance of 2 crores, we are here to help you find only the best in the market.

Where to Buy the Best Term Insurance Plan for 2 Crore?

The investment is high and you definitely wouldn’t want to take any unnecessary risks, especially when it comes to providing for your family in a world without your physical presence. This is why we present here a list of top 5 term insurance companies that offer 2 crore term insurance plans for all your needs.

Name of the Plan	Eligible Age of Entry	Age of Maturity	Term of the Plan	Sum Assured	Mode of Premium Payment	Premium Payment Term
ABSLI Life Shield Plan	Min – 18 years; Max – 65 years	85 years	10-55 years	Rs. 25,00,000	Monthly, quarterly, half-yearly and yearly	Single pay, limited pay and regular pay
Max Life Smart Secure Plus	Min – 18 years; Max – 65 years	85 years	10-67 years	Rs. 20,00,000	Monthly, quarterly, half-yearly and yearly	Single pay, limited pay and regular pay, or pay until 60 years
Kotak e-Term	Min – 18 years; Max – 65 years	75 years	5-75 years less than age of entry	Rs. 25,00,000	Monthly, quarterly, half-yearly and yearly	Single pay, limited pay and regular pay
HDFC Life Click 2 Protect	Min – 18 years; Max – 65 years	Whole Life Cover	10 years – lifetime	Rs. 50,000	Single time, monthly, quarterly, half-yearly, and yearly	Single pay, limited pay and regular pay
PNB Metlife Mera Term Plan	Min – 18 years; Max – 65 years	99 years	10-81 years	Rs. 10,00,000	Monthly and yearly	Single pay, limited pay and regular pay