Which is The Best 1 Crore Term Insurance for A 25-year-old Female?Posted by riya rajput on October 21st, 2021 According to a survey, only 50% of women in urban India have insurance compared to 75% of men who are covered under insurance. What could be the reasons? There could be various reasons behind the stark difference. One basic reason is that earlier, men were the only people to earn for the rest of the family. So, term insurance for males in this situation was essential as the policy ensures the security and well-being of the family after the unfortunate demise of the bread earner. However, with the progressive shift in today’s society, women are also playing important roles in taking care of their families. Unfortunately, many studies have indicated that women are more prone to critical illness. Hence term insurance for females is important. 1 Crore Term Insurance for Female A 1 Crore term insurance plan for females is a type of policy that comes with the sum assured of the mentioned amount. The plan guarantees to pay the sum assured to the nominee on the death of the insured. In general, a term insurance policy is designed to serve the dual intent of providing death benefits to the insured and ensuring financial stability to their family in case of their unfortunate death during the term insurance policy. This insurance product works as a guardian for the family of the policyholder by helping them to fulfill their financial needs and aspirations. Best 1 Crore Term Insurance Plans for 25-Year-Old Female Term insurance companies in India offer a wide range of term insurance policies that can be easily customized to meet the requirements of women. The cost of premium, benefits and policy features may differ from one term insurance to another. The basic amount of premium applies only to those applicants who do not have any record of alcohol addiction or existing diseases. The premium amount increases when the policyholder has some health or medical issues, history of lifestyle disease, smoking or drinking habit, and opt for some rider benefits. Take a look at the below plans and select the one that works the best for you. This includes some of the best Rs. 1 Crore Term Plans a woman can buy. Bajaj Allianz iSecure Term Assurance Plan Bajaj Allianz iService Term Assurance Plan is a non-participating term assurance product that is designed to offer a sum insured of Rs 1 crore and more. You can buy three variants under this plan, basic life cover, basic life cover with monthly income, and basic life cover with increasing monthly income. Listed below are unique features of the Bajaj Allianz iService Term Assurance Plan.
Above all, women can enjoy rider benefits under the plan, such as
There are no maturity /surrender benefits under the plan. HDFC Life Click2 Protect Plus Plan HDFC Life Click2 Protect Plus Plan is an online term insurance plan that presents financial independence to your loved ones. Some of the useful benefits of this Rs. 1 Crore term life insurance plan include the following
Aegon Life i-Term Insurance Plan
One of the features of Aegon Life i-Term insurance is that it rewards you if you live a healthy lifestyle by quitting smoking during the policy term. Survival benefits under the policy are also available at the Life Protect and Protect Plus plan. LIC TechTerm Plan LIC Tech Term Insurance Plan by LIC of India is a non-linked pure protection online plan. It is designed to offer Rs. 1 Crore term assurance policy coverage with the following features:
Note that the LIC Tech Term Insurance Plan is 10 to 40 years. It does not offer maturity benefits on survival ICICI Prudential iCare II Term Plan This 1 crore term insurance policy of ICICI Prudential comes with multiple benefits and features. Some of the mare as follows:
There is no maturity benefit under the policy. But you can choose the One Pay premium payment option to get the surrender value. The bottom line is that there are several term insurance for a 25-year-old female. Choose a plan that is offered by the best insurance companies in India. For details about the policy, it is strongly recommended to go through the policy wordings. Don’t choose any plan without reading the policy wording and understanding the policy correctly. Like it? Share it!More by this author |