• Life Insurance Plans for 1 Crore

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    Putting a value on life is hard, as one cannot fathom what life is actually worth in this tumultuous world. The net worth of life depends on an individual, with different people placing different values on life. Life insurance policies try to help us figure out how much our lives are worth, offering covers to suit our lifestyles. A life insurance cover of Rs. 1 crore is traditionally viewed as an excellent amount to support the family of a policyholder in the event of his/her demise, enabling them to go on with their lives without having to worry financial requirements.

    Benefits of 1 Crore Life Insurance Plans:

    Life Insurance policies for Rs. 1 crore are traditionally designed to offer financial comfort to the family of a life insured in the unfortunate event of demise of a policyholder. This can help the family/nominee plan for the future, ensuring that life goes on.

    Who can take Life Insurance for One Crore?

    Traditionally, life insurance policies with a cover of Rs. 1 crore require certain financial obligations from the side of a policyholder. One should have sufficient income to be able to afford the premiums, which are higher when compared to premiums for lower covers. This in turn means that they should have an income source which enables them to pay this premium regularly.

    These policies can be taken by members of both genders, subject to them meeting the basic eligibility criteria set by individual life insurance providers.

    Coverage of Rs. 1 crore – Plans offered

    There are a number of companies which offer Life Insurance for Rs 1 crore, with some of the most popular plans mentioned below.

    • HDFC Life Click2Protect Plus Plan – The features of this plan are mentioned below.
      • Multiple plan options, with additional riders for added benefits
      • Policy term ranging from 10 - 40 years
      • Special premium rates incentivizing non-tobacco users
      • Premium can be paid either annually, half-yearly, quarterly or monthly
      • Option to increase cover during important milestones
    • LIC Amxulya Jeevan - Some of the major features of this plan are mentioned below.
      • Flexible cover – one can opt for covers exceeding Rs 1 crore
      • Individuals get a rebate for life insurance cover of Rs 1 crore and more
      • Flexible policy terms ranging from 5 years to 35 years
      • Premium can be paid either yearly, half yearly or through a single premium
    • SBI Life eShield – The major features of this plan are mentioned below.
      • Additional rewards for policyholders maintaining a healthy lifestyle
      • Additional plans and riders to customize plan according to an individual’s need
      • Tax benefits under the Income Tax Act
      • Flexible policy terms ranging from 5 years to 30 years
      • Premiums for Rs 1 crore start at Rs 18 per day, ensuring one can afford it
      • Accidental death benefits are also covered under this scheme
    • Aviva i-Life – The benefits of this plan are mentioned below.
      • Cover can be enhanced depending on needs
      • Policyholders get rebates on premium, depending on their cover, with females getting an additional 5% rebate
      • Simple and hassle free process
      • Premium can be paid either yearly or half-yearly, offering flexibility to policyholders
      • One is entitled to tax benefits under Section 80C of the IT Act
    • Bharti AXA Life eProtect – This plan which is designed to protect the family of a policyholder offers multiple benefits, which are highlighted below.
      • One can get a life insurance cover of Rs 1 crore for premiums starting at Rs 6,100
      • Family care benefit under this plan is designed to take care of urgent financial needs in the event of demise of policyholder
      • Non-smokers get additional rewards and benefits on their premiums
      • Plan can be purchased online, without any hassles
      • Policyholders are entitled to tax benefits under this plan
    • ICICI Prudential iCare – This plan, designed with a view to safeguard the family of a policyholder after his/her demise offers certain benefits, as highlighted below.
      • Hassle free application process
      • Flexible premium payment options
      • Flexible policy terms, ranging from 5 years to 30 years in multiples of 5 years
      • One can opt for additional accidental death benefits under this scheme
      • Simple eligibility criteria
    • Edelweiss Tokio Life Protection Plan – This is a cost effective life insurance plan offering protection to a policyholder’s family, the features of which are mentioned below.
      • Low premiums compared to other plans
      • Policyholders can opt for a limited premium payment plan to match their income
      • Special rates are offered to those who lead a healthy lifestyle (non-tobacco users)
      • Flexible policy terms ranging from 10 years to 30 years

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Life Insurance Policy for 1 Crore Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      Life Insurance Corporation is Good service for customers my LIC policy tenure period is till 20 years but I have already done with 5 years remaining 15 years is left with me to pay the insurance.The payments and the Amount given is affordable to pay, Since the service is rendered from the Government Of India this LIC policy is a Better one.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 19, 2018
    • LIC Life Insurance
      "Looters"
      0.5 0.5/5 "Unacceptable"
      LIC is just looting common indian people in the name of life insurance. With LIC you can't invest your money in your way. Worst ever customer service. Their staff will behave as if you borrowed something from them. Please avoid it as much as possible.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Feb 19, 2018
    • LIC Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the Life Insurance Corporation of India and the customer service is good one with them. I would like to say that the overage value is good one with the Life Insurance Corporation of India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • SBI Life Life Insurance
      "Looking for better feature and service"
      0.5 3.0/5 "Satisfactory"
      Performance of people they wont helpful, they don't realize whom they are dealing with. If anything happens also no body is there to help me. SBI life is average, I have tenure of 15 years, premium monthly 1500. I will maturity benefits lump sum amount its nominal, tax benefits, life cover accidental cover
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Life Insurance with LIC,the premium amount is 3800.i make direct payments at the branch.The policy coverage amount is one lakh, i feel its very less.The policy is for 15 years,I submitted documents via an agent.Plan name is Jeevan anand.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with LIC.The premium amount is 13800 in a year.The policy coverage is three lakhs,I make direct payments at the branch.I have no claim experience,its been nine years since i have taken this policy.The policy is for 15 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Very Good"
      0.5 4.0/5 "Great!"
      Taken a life insurance policy with LIFE INSURANCE CORPORATION OF INDIA. Its an attractive insurance policy. They have given very good benefits and its a right policy. I would end up saying that it is a very good with LIFE INSURANCE CORPORATION OF INDIA.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 16, 2018
    • Tata AIA Life Insurance
      "Good Investment"
      0.5 5.0/5 "Blown Away!"
      I took this Insurance some 2 years back and the experience with it has been pretty good. I have been paying Rs.25000 as premium in this Insurance. I would be getting a Money back for every 2 years. The overall experience with it has been pretty good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Good to invest"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance policy from LIC. I am using the service for a very long time. I never contacted the customer service. It was taken through an agent. The policy coverage and the plan benefits. I believe its a cash back policy. I am paying monthly 8K through net banking.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Max Life Insurance
      "Good Insurance"
      0.5 5.0/5 "Blown Away!"
      Like all my Life Insurance even this is a Money Back plan. Every 3 years I will be getting a cashback and at the end of term I would be getting a lumpsome amount. I have been paying Rs.15000 as a premium for this Insurance. Customer service of them is pretty good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Good investment"
      0.5 5.0/5 "Blown Away!"
      I have taken a Money back policy in LIC, in which every 5 years I will be getting Cashback and also at the end of stint I will be getting a lumpsome amount. I have been paying Rs.25000 as an annual premium for this Insurance. They provide Loan on the basis of this Insurance. I have making my repayment for this Insurance using cheque mode.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Its Good"
      0.5 4.5/5 "Excellent!"
      I wont deal with any LIC agent, I make payment by myself through online, the payment gate is convenient. I took lot of policies, each has different tenure. Hope I will be getting good sum assured after the maturity period with the tax benefits.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • Max Life Insurance
      "Good Investment"
      0.5 4.0/5 "Great!"
      I have taken a policy in this Insurance wherein I would be getting a return at the end of my whole term. I have been paying Rs.25000 as an annual premium for this insurance. The payment is directly linked to my account through ECS. The return expected is around 8%.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken Life Insurance with LIC,the policy is for 21 years ,the plan name is Endowment policy,I pay a premium amount of 15,000.I get a policy coverage of three lakhs,I make payments directly at branch,the executives are good and had explained the policy in detail.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken Life Insurance with LIC,the policy is for 8 years ,the plan name is Endowment policy,I pay a premium amount of 10,000.I get a policy coverage of two lakhs,I make payments directly at branch,the executives are good and had explained the policy in detail.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the Life Insurance Corporation of India. I have felt that the customer service is good one with them and there is no hidden cost in it. I am happy with the Life Insurance corporation of India.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have a Life insurance service from Life insurance corporation of India,for the term period of 15 years. I have six policy's with Life insurance corporation of India. The payments where through cheques,they never update me with any offers or schemes. It is a average service from Life insurance corporation of India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the Life Insurance Corporation of India. I have felt that the customer service is good one with them and there is no hidden cost in it. I am happy with the Life Insurance corporation of India.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. Customer service is good and the response is fine one for me with them. Coverage value is also fine one with the Life Insurance Corporation of India of India.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken Life Insurance with LIC,the premium amount is 14,000 per annum.The total policy is 20 years.I make online payments,i have no claim experience so far.The policy coverage amount is two lakhs.The customer service is good they respond on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
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