: 
: 
Protector Fund
Nav value
40.07
difference
0.03
diffpercentage
0.08
Pension Balanced Fund
Nav value
91.59
difference
-0.24
diffpercentage
-0.26
Pension Growth Fund
Nav value
65.43
difference
-0.43
diffpercentage
-0.65
Pension Index Fund
Nav value
53.13
difference
-0.71
diffpercentage
-1.33
Pension Secure Fund
Nav value
44.58
difference
0.02
diffpercentage
0.06
Index Fund
Nav value
43.16
difference
-0.58
diffpercentage
-1.33
Pension Protector Fund
Nav value
35.56
difference
0.04
diffpercentage
0.10
Bond Fund
Nav value
34.96
difference
0.11
diffpercentage
0.31
1 Crore Term Insurance Plans
1 Crore Term Insurance Plans
A ₹1 crore term insurance plan offers substantial financial protection at an affordable premium, making it a popular choice for individuals seeking to secure their family’s future. These plans provide a fixed life cover of ₹1 crore, payable to the nominee in case of the policyholder’s untimely death during the policy term. Ideal for those with dependents, loans, or long-term financial goals, such plans ensure your loved ones remain financially stable even in your absence. In this blog, we will explore who should consider a ₹1 crore term plan, what benefits it offers, and how to choose the right one for your needs.
Why should you buy 1 Crore Term Insurance Plans
Flexible Plan Options
- Aviva offers customisable policy terms, premium payment options, and multiple riders, such as critical illness, disability, and accidental death benefits.
Early Entry Benefits
- Starting early can lock in lower premiums for the same ₹1 crore cover, making it highly cost-effective in the long run.
Trusted Brand Legacy
- With decades of experience and a global presence, Aviva India brings trust and reliability to your financial planning.
High Claim Settlement Ratio
- A strong track record of claim settlements adds confidence that your loved ones will receive timely support when it matters most.
Online Convenience
- Quick, paperless applications with instant quotes and minimal documentation through Aviva’s user-friendly online platform.
Comprehensive Coverage
- Option to enhance coverage through riders, making your ₹1 crore plan more robust and aligned to real-life risks.
Affordable Premiums
- Aviva's plans are competitively priced, ensuring maximum coverage without compromising your current lifestyle or budget.
Responsive Customer Support
- Dedicated support ensures a seamless experience from purchase to claim settlement, adding to the overall peace of mind.
How to Choose the Right ₹1 Crore Term Insurance Plan
1. Assess Your Coverage Needs
Evaluate your family’s financial obligations, including monthly expenses, loans, and educational costs, to determine the coverage you need
2. Compare Premiums and Benefits
Consider the affordability of premiums while ensuring the coverage meets your requirements. Compare features like payout options, claim settlement ratios, and additional riders across different plans.
3. Review Policy Terms and Conditions
Carefully read through policy documents, ensuring you understand exclusions, claim settlement processes, and any limitations on coverage. Look for flexibility in adjusting coverage or adding riders if needed.
Why should you buy 1 Crore Term Insurance Plans
Flexible Plan Options
- Aviva offers customisable policy terms, premium payment options, and multiple riders, such as critical illness, disability, and accidental death benefits.
Early Entry Benefits
- Starting early can lock in lower premiums for the same ₹1 crore cover, making it highly cost-effective in the long run.
Trusted Brand Legacy
- With decades of experience and a global presence, Aviva India brings trust and reliability to your financial planning.
High Claim Settlement Ratio
- A strong track record of claim settlements adds confidence that your loved ones will receive timely support when it matters most.
Online Convenience
- Quick, paperless applications with instant quotes and minimal documentation through Aviva’s user-friendly online platform.
Comprehensive Coverage
- Option to enhance coverage through riders, making your ₹1 crore plan more robust and aligned to real-life risks.
Affordable Premiums
- Aviva's plans are competitively priced, ensuring maximum coverage without compromising your current lifestyle or budget.
Responsive Customer Support
- Dedicated support ensures a seamless experience from purchase to claim settlement, adding to the overall peace of mind.
How to Choose the Right ₹1 Crore Term Insurance Plan
1. Assess Your Coverage Needs
Evaluate your family’s financial obligations, including monthly expenses, loans, and educational costs, to determine the coverage you need
2. Compare Premiums and Benefits
Consider the affordability of premiums while ensuring the coverage meets your requirements. Compare features like payout options, claim settlement ratios, and additional riders across different plans.
3. Review Policy Terms and Conditions
Carefully read through policy documents, ensuring you understand exclusions, claim settlement processes, and any limitations on coverage. Look for flexibility in adjusting coverage or adding riders if needed.
Benefits of 1 Crore Term Insurance Plans
-
High Coverage at Low Premium
Get a substantial life cover of ₹1 crore at an affordable cost, especially when purchased at a younger age -
Financial Security for Family
Ensures your family’s expenses, lifestyle, and goals are protected even in your absence. -
Loan and Liability Protection
This helps cover outstanding loans, such as home or education loans, relieving financial stress on dependents.
-
Customisable Policy Terms
You can choose the policy duration, premium payment terms, and riders based on your needs and life stage -
Tax Benefits
Enjoy tax deductions under Section 80C and tax-free death benefits under Section 10(10D) of the Income Tax Act. -
Peace of Mind
Knowing your financially secure family lets you focus on your goals more confidently.
Terms & Conditions of 1 Crore Term Insurance Plans
Features of 1 Crore Term Insurance Plans
Eligibility
| Age | Applicants aged between 18 and 65 are generally eligible to apply for a ₹1 crore term insurance plan. |
| Health Status | Insurers typically require a medical examination to assess the applicant’s health risks. Applicants with pre-existing medical conditions may face higher premiums or rejection. |
| Income Proof | Providing proof of stable income, such as salary slips or tax returns, is essential to demonstrate your ability to pay premiums. |
| Citizenship | Indian and non-resident Indians (NRIs) are eligible and subject to meeting the insurer’s criteria. |
Application Process
1. Research and Compare Plans: Begin by comparing various ₹1 crore term insurance plans, evaluating coverage, premiums, and benefits.
2. Out the Proposal Form: Complete the application with accurate personal, financial, and health details.
3. Submit Documents: Provide identity, address, and income proof, and undergo medical tests if required.
4. Policy Review and Agreement: Carefully review the policy terms before signing.
5. Premium Payment: Pay the first premium through available payment methods to activate the policy.
By following these steps, you can ensure that you select the right plan to secure your family’s future with comprehensive coverage.
Frequently Asked Questions about - 1 Crore Term Insurance Plans
₹1 Crore term insurance provides life coverage of ₹1 crore at affordable premiums. It ensures financial security for your family, offering a lump sum payout in case of your untimely demise during the policy term.
Eligibility usually includes being between the ages of 18 and 65, having a stable income, and passing a medical examination. Some insurers may also require health screenings for applicants with pre-existing conditions.
It's best to buy term insurance in your 20s or 30s when premiums are lower. Early purchasing ensures affordable premiums and maximum coverage throughout your life.
Term insurance plans for ₹1 crore are ideal for individuals with dependents, outstanding loans, or significant financial obligations. It ensures that your family’s future remains secure even in your absence.
To choose the right term plan, assess your coverage needs, compare premiums and features, and evaluate the insurer’s claim settlement ratio. Look for flexibility in the policy for adding riders.
₹1 crore term insurance offers high coverage at low premiums, financial security for your loved ones, tax benefits, and coverage for life’s uncertainties. It’s a cost-effective way to ensure your family's future.
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Critical Illness Insurance
Critical Illness Insurance
Critical illness insurance provides financial support in the event of a severe illness like cancer, heart attack, or stroke. This type of insurance offers a lump sum payment upon diagnosis of a covered condition, helping with medical expenses and loss of income during recovery. It acts as a safety net, ensuring you focus on recovery without financial stress. This blog will explore what critical illness insurance covers, how it works, and why it’s an essential addition to your health insurance plan.
Why should you buy Critical Illness Insurance
Individuals with a Family Health History
- Suppose your family has a history of critical illnesses like cancer, heart disease, or diabetes. In that case, buying critical illness insurance is a good idea to ensure financial protection in case of a diagnosis.
Breadwinners of the Family
- If you're the primary income earner in your family, critical illness insurance ensures your family’s financial stability during your illness, especially if you're unable to work due to health complications.
People with High-Risk Lifestyles
- Individuals with high-risk lifestyles, such as smokers, heavy drinkers, or those with a sedentary lifestyle, are more susceptible to critical illnesses and should consider such policies for added protection.
Individuals with Existing Health Conditions
- If you have any existing health conditions that increase your risk for critical illnesses, critical illness insurance can offer peace of mind by covering medical expenses and providing lump sum benefits if you are diagnosed.
Those Looking for Extra Financial Security
- Suppose you want to secure your savings and maintain your quality of life during treatment. In that case, critical illness insurance provides a financial cushion, helping you avoid depleting your savings for medical costs.
How to Apply for Critical Illness Insurance
To apply for critical illness insurance, start by researching available plans and comparing their coverage, premiums, and benefits. Once you’ve chosen a policy, complete the application form, providing personal, medical, and financial information. Sometimes, you may need a medical examination to assess your health risks. Review the policy terms after submitting the required documents and make your premium payment. Keep track of your policy renewal dates and any additional coverage options to enhance protection.
Why should you buy Critical Illness Insurance
Individuals with a Family Health History
- Suppose your family has a history of critical illnesses like cancer, heart disease, or diabetes. In that case, buying critical illness insurance is a good idea to ensure financial protection in case of a diagnosis.
Breadwinners of the Family
- If you're the primary income earner in your family, critical illness insurance ensures your family’s financial stability during your illness, especially if you're unable to work due to health complications.
People with High-Risk Lifestyles
- Individuals with high-risk lifestyles, such as smokers, heavy drinkers, or those with a sedentary lifestyle, are more susceptible to critical illnesses and should consider such policies for added protection.
Individuals with Existing Health Conditions
- If you have any existing health conditions that increase your risk for critical illnesses, critical illness insurance can offer peace of mind by covering medical expenses and providing lump sum benefits if you are diagnosed.
Those Looking for Extra Financial Security
- Suppose you want to secure your savings and maintain your quality of life during treatment. In that case, critical illness insurance provides a financial cushion, helping you avoid depleting your savings for medical costs.
How to Apply for Critical Illness Insurance
To apply for critical illness insurance, start by researching available plans and comparing their coverage, premiums, and benefits. Once you’ve chosen a policy, complete the application form, providing personal, medical, and financial information. Sometimes, you may need a medical examination to assess your health risks. Review the policy terms after submitting the required documents and make your premium payment. Keep track of your policy renewal dates and any additional coverage options to enhance protection.
Benefits of Critical Illness Insurance
-
Comprehensive Illness Coverage
Aviva's policy covers a wide range of critical illnesses, including cancer, heart attack, stroke, and more, ensuring extensive protection. -
Lump-Sum Payout
The plan offers a lump-sum payout to cover medical and non-medical expenses, helping you maintain your quality of life during treatment. -
Worldwide Coverage
Aviva’s critical illness insurance provides coverage for illnesses diagnosed anywhere in the world, ensuring global protection.
-
No Medical Test for Entry
Aviva may not require medical tests for policy issuance for applicants below a certain age, making it more accessible. -
Tax Savings
Premium payments qualify for tax benefits under Section 80D, offering additional savings alongside critical illness coverage. -
Additional Rider Options
Aviva offers riders enhanced coverage, such as hospital cash benefits, increasing the policy's value for customers seeking more extensive support.
Terms & Conditions of Critical Illness Insurance
Features of Critical Illness Insurance
-
Wide Coverage for Serious Illnesses
Critical illness insurance typically covers life-threatening diseases such as cancer, heart attack, stroke, kidney failure, and more. -
Lump-Sum Payout
Critical illness insurance typically covers life-threatening diseases such as cancer, heart attack, stroke, kidney failure, and more. -
No Reimbursement for Medical Bills
Unlike regular health insurance, critical illness insurance provides a fixed amount, which can be used for any purpose, not just medical bills.
-
Tax Benefits
Premiums paid for critical illness insurance are eligible for tax deductions under Section 80D of the Income Tax Act. -
Waiting Period
A standard waiting period applies before coverage becomes effective, usually 30 days to 90 days after policy issuance. -
Renewal Benefits
Policies typically offer lifetime renewability, allowing continuous protection against critical illnesses as you age.
Critical Illness Insurance options
Critical Illness
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Cancer
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Heart Attack
-
Stroke
-
Kidney Failure
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Coronary Artery Bypass Surgery
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Major Organ Transplant
-
Paralysis
Description
-
Covers major forms of cancer, including breast, lung, and prostate cancer, among others.
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Covers myocardial infarction or a heart attack, ensuring coverage for damage to the heart muscle.
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Covers any form of stroke resulting in long-term or permanent neurological damage.
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Includes both acute and chronic kidney failure requiring dialysis or transplantation.
-
Covers surgery to bypass blocked or narrowed coronary arteries to improve blood flow to the heart.
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Includes coverage for transplant of major organs such as the heart, lungs, liver, or kidneys.
-
Covers permanent paralysis resulting from an accident or illness affecting the nervous system.
Eligibility
| Age | Applicants typically must be between 18 and 65 to be eligible for critical illness insurance. |
| Health Status | A medical examination may be required for applicants with pre-existing conditions or if applying for higher coverage amounts. |
| Income Proof | You may need to submit proof of income, such as salary slips or tax returns, to demonstrate your ability to pay premiums. |
| Citizenship | Indian citizens and Non-Resident Indians (NRIs) can apply, subject to specific terms set by the insurer. |
Claim Process
To file a claim for critical illness insurance, first notify the insurer about the diagnosis as soon as possible, either through their helpline or online portal. Next, submit the required documents, including the medical reports, diagnosis certificates, and a claim form. Depending on the insurer, you may be required to undergo additional verification or provide supplementary documents. After the assessment, the insurer will process the claim and disburse the lump sum benefit to your bank account or use the agreed payout method. Ensure that all policy conditions, such as waiting periods and exclusions, are met to avoid claim rejection.
Why Choose Aviva for Your Critical Illness Coverage
Comprehensive Coverage
Aviva offers extensive coverage for a wide range of critical illnesses, including cancer, heart attack, kidney failure, stroke, and more, ensuring protection for the most serious health conditions.
Affordable Premiums
Aviva offers competitive premium rates for critical illness insurance, making it affordable for individuals looking to secure their future without straining their budget.
Flexible Payout Options
With Aviva’s policies, you can choose from various payout options, including lump sum or periodic payments, based on what suits your financial needs during illness.
No Medical Tests for Entry-Level Plans
Aviva doesn’t require medical tests for applicants below a certain age or standard coverage amounts for some policies, making it more accessible to a broader group.
Simple and Transparent Claims Process
Aviva offers a smooth and hassle-free claims process with minimal documentation, ensuring you can focus on your recovery without worrying about financials.
Strong Customer Support
Aviva provides excellent customer service, with dedicated teams to guide you through the policy details, claims process, and any queries you may have.
Choosing Aviva ensures robust critical illness coverage with additional benefits and comprehensive support, making it a reliable option for safeguarding your health and financial well-being.
Frequently Asked Questions (FAQs) - Critical Illness Insurance
Critical illness insurance provides a lump sum payout if you're diagnosed with a covered critical illness, such as cancer, heart attack, or stroke. This financial support helps cover medical expenses and lost income during recovery.
The ideal cover depends on your health, lifestyle, and financial obligations. Generally, a cover of ₹10 lakh to ₹1 crore is recommended, depending on your medical costs, income replacement needs, and family responsibilities.
Getting critical illness insurance after a cancer diagnosis can be difficult, as most insurers have a waiting period for pre-existing conditions. However, some insurers may offer coverage with higher premiums or exclusions for pre-existing conditions.
Critical illness cover is worth it as it provides financial security during serious illnesses. The payout helps cover medical expenses, recovery costs, and loss of income, ensuring you focus on your health rather than finances.
Critical illness insurance is generally affordable, especially if purchased early in life. Premiums depend on factors like age, health status, and coverage amount. It’s a cost-effective way to ensure financial protection against life-threatening conditions.
Popular Searches
- Term Insurance Plan
- Term Insurance Age Limit
- Term Insurance with Maturity Benefit
- Term Plan in your 30s
- Term Plan Benefits
- Zero Cost Term Insurance
- Ideal Coverage Amount for Term Insurance
- Term Insurance Riders
- What is Term Insurance
- Types of Life Insurance
- Term Insurance with Return of Premium
- Group Life Insurance
- Saral Jeevan Bima
- Life Insurance Plans
- Benefits of Life Insurance
- Life insurance vs Health Insurance
- Life Insurance vs Annuity
- Types of Life Insurance
- What is Life Insurance
- Sum Assured
- Endowment Plans
- Health Insurance Plans
- Cancer Insurance
- Child Insurance Plans
- Cash Value Life Insurance
- Savings Plan
- Guaranteed Savings Plan
- Short Term Investment Plans
- Pension Plans in India
- ULIP Plan
- ULIP Meaning
- ULIP and Riders Options
- ULIP Plan Tax Benefit
- ULIP Benefits
- What is Annuity
We are always there to assist you
AN Apr 44/25