1 Crore Term Insurance

1 Crore Term Insurance is a simple and pure form of life insurance. It provides a death benefit of 1 crore to the beneficiary if the policyholder passes away during the policy term. With 1 crore coverage, your family can take care of living costs, fund children’s studies or marriage, and pay off loans in your absence. A 1 crore term life insurance plan is easy to understand and affordable. For example, a healthy 30-year-old non-smoker can get a 1 crore cover for 30 years with premiums starting from just ₹832 per month.

A 1 crore term insurance plan is a type of life insurance that offers a fixed coverage of ₹1 crore to your nominee if you pass away during the policy term. It is pure risk protection, which means there is no maturity or survival benefit if you outlive the policy.

If the insured dies during the policy term, the insurance company pays 1 crore to the nominee as a death benefit. However, if you want your premiums back at the end of the policy, you can opt for a Term Insurance with Return of Premium (TROP), though the premiums will be higher.

1 crore term insurance plan is a high-value life insurance policy. It provides ₹1 crore coverage to your loved ones in case of your untimely death during the policy term. It offers fixed premiums, flexible policy terms, customisable payout options, and add-on benefits to increase your protection (coverage). Here’s how it works when you buy a term insurance plan for 1 crore:

You need the best 1 crore term insurance plan in 2025 because it helps replace your income in case of your untimely death, covers rising living costs, manages growing financial responsibilities, protects against inflation, and ensures peace of mind for your family. Let’s look at a list of important reasons to buy the best term insurance plan for 1 crore.

Income Replacement: If you are not around, your family may lose their main source of income. A 1 crore term insurance plan replaces that income so your loved ones can continue their everyday life.

Adjust for Inflation: Inflation means that over time, money loses value, and everyday costs may become harder to manage without adequate financial planning.

As per MoSPI’s official CPI release for May 2025 (Provisional):

Source: Ministry of Statistics & Programme Implementation (MoSPI) (PIB Press Release)

Support for Future Goals: As you grow older, you may have more responsibilities, like children’s education, or parents’ medical care. The 1 crore payout from the term plan can help your family meet future goals, such as children’s education, marriage, or daily needs in your absence.

Flexibility to Change Coverage Amount: You can easily increase or decrease the coverage amount in your term insurance plan based on your needs, income, and life stage. This makes it a flexible term insurance option that’s easy to manage and ideal for different phases of life.

For example, a 30-year-old non-smoker male can get a 1 crore term insurance plan starting at ₹832 per month. As age increases, the premiums could rise to around ₹1,180 at age 35 and ₹1,840 at age 40.

Increased Coverage with Riders: Most insurance companies have optional riders to personalise your ₹1 cr term insurance plan. Some of the common riders include:

Protection Against Outstanding Loans: If you have a home loan car loan, or other debts, a 1 crore term insurance can help your family pay them off easily, so they don't face financial stress in your absence.

Save on Taxes: A 1 crore term insurance policy also helps you save on taxes. The money you pay as premiums is eligible for tax deductions under Section 80C of the Income Tax Act. Also, the payout your family receives is tax-free under Section 10(10D). This makes it a smart way to protect your family and manage your money better.

Peace of Mind: There is no doubt that knowing your family will be protected gives you peace of mind. A 1 cr term insurance plan removes the worry about what will happen in your absence.

A 1 crore term insurance plan comes with several features that make it affordable, flexible, and easy to manage. These features directly translate into benefits for the policyholder and the family. Below is a clear breakdown of the key features and benefits to help understand why this plan is a popular choice.

Buying a ₹1 crore term insurance plan from ACKO gives you more than just life cover; it gives you control, convenience, and customisation. Unlike traditional term plans, ACKO’s Life Flexi Term Plan is simple, flexible, fully digital, easy to manage, and built for your changing life needs.

From flexible coverage options and instant policy updates via app to up to 40% savings on premiums and value-added features like free will creation and increasing cover options, ACKO Life Flexi Term Plan offers a modern approach to a term insurance policy for 1 crore. Here’s how ACKO compares with traditional term insurance plans:

Yes, it is good to choose a term plan with high coverage. A 1 crore term insurance policy gives your family enough money to handle daily expenses, repay loans, and take care of future needs like education or marriage. Even with a 1 crore coverage amount, the premium is affordable. This makes it easy to protect your family.
 

Explore flexible sum assured options with ACKO Term Insurance plans. While the 1 crore term insurance plan is a popular choice, you can also choose other coverage amounts like ₹50 lakh, ₹75 lakh, ₹2 crore, or even up to ₹15 crore, depending on your income, age, and family needs. This helps you choose a sum assured that’s appropriate for your life stage and financial situation. If you want more details, information about the benefits of each sum assured amount is also available.

Buying a 1 crore term insurance plan early is a smart decision. Age is an important factor, so the younger you are, the lower your premium will be, and the easier it is to get approved. Whether you're in your 20s, 30s, or 40s, starting your 1 crore term plan at the right time gives your family long-term protection and helps you save money on premiums and taxes.

Sample Premiums for a 1 Crore Term Insurance Plan

Disclaimer: The sample premium illustration for a 1 crore term insurance plan is calculated for a male non-smoker with a policy term of 30 years and a sum assured of ₹1 crore. The monthly premium shown is exclusive of discounts, GST, and other applicable levies.

ACKO Life Flexi Term Plan (UIN 164N003V01) is a Non-linked, non-participating, and pure risk term plan.

Looking for the best term insurance in India in 2025? ACKO Term Life Insurance offers flexible features, customisable coverage, and high-value benefits to match your financial needs and life goals. With sum assured options ranging from ₹10 lakhs to ₹90 crores, affordable premiums starting at just ₹18/day, and a high claim settlement ratio of 99.38%, ACKO makes life insurance simple, accessible, and effective. Here’s a quick overview of what you get with ACKO Term Life Insurance:

Yes, you can be eligible for a ₹1 crore term insurance plan if your income and profile meet the insurer’s requirements. Most insurers allow a cover that is 10-15 times your annual income. This means if you earn ₹7–10 lakh a year, you may qualify for a ₹1 crore sum assured, provided you also clear medical and document checks. Apart from salary, you also must understand that eligibility also depends on other factors, including age, health, and your job occupation.

How Your Salary Determines Eligibility

Other Key Factors That Decide Eligibility

How to Check Your Eligibility Quickly

You can use an online term insurance calculator to estimate eligibility, keep income documents ready, and undergo the medical check-up required by most insurers.

Before buying a ₹1 crore term insurance plan, it's important to understand key factors like premium cost comparison, policy features, buying mode (online vs. offline), and the insurer’s claim settlement record. These factors help you choose the best term insurance plan for ₹1 crore that fits your needs and offers reliable protection for your family.

You can determine the right life cover amount by using a simple method. First, multiply your annual income by 15 to 20 times (some experts suggest 10 to 15 times for basic cover, while 15 to 20 times gives better protection). Then, add any loans you still need to repay and future expenses such as your child’s education or marriage. After that, subtract your savings and any existing life insurance cover. Many people often ask, “Is 1 crore term insurance enough?” The answer depends on your income, liabilities, and future goals, but for most young professionals and families, a 1 crore term insurance plan is a smart starting point.

Formula (simple method): 15 - 20 times annual income + Liabilities + Future goals - Savings = Desired coverage

If you’re worried about affordability, you can use a term insurance calculator to estimate your premiums for a ₹1 crore term insurance plan. Enter your basic details, and the calculator will do the rest for you.

You should use a term plan calculator before buying a term insurance policy because it helps you make a smart and informed decision. It saves time, shows you the exact premium based on your details, and lets you compare, customise, and plan your 1 crore term insurance easily.

Here’s a smart way to choose the best term insurance plan for 1 crore. Selecting a ₹1 crore term insurance plan can be confusing, with numerous options available. To make the right choice, choose the right coverage amount and a suitable policy term. Also, compare premium rates, consider inflation, and add riders if needed. These steps help you pick a plan that fits your needs and offers reliable protection for your family. Let’s understand how and why these essential factors are important in more detail:

Explore ACKO Life Critical Illness Benefit Rider, ACKO Life Accidental Death Benefit Rider, and ACKO Life Accidental Total Permanent Disability Benefit Rider.

Buying a ₹1 crore term insurance plan from ACKO Life is simple, fast, and fully digital. As one of the providers of the best online term insurance in India 2025, ACKO makes it easy to purchase a plan through the website or directly from the ACKO app. Below is a step-by-step guide to help you buy a term insurance plan for ₹1 crore from ACKO Life, using either method.

Quick Online Purchase

Easy Buy via ACKO App

If you have any questions or need help with the buying process, we're here for you.

ACKO Life makes it easy to file a term insurance claim. There’s no paperwork; you can do it anytime on the app, and a support team is always ready to help.

An affordable 1 crore term insurance plan is one of the easiest ways to protect your family’s future. Whether you're in your 20s, 30s, or 40s, buying term insurance early helps you save money with lower premiums. With the cost of living rising and more responsibilities every year, choose a 1 crore term insurance plan today and make sure your loved ones are financially protected.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes.