All insurance plans
Pure Protection
Term Life Insurance
Term insurance is pure life cover - you pay a small premium and your family receives a large lump sum if you pass away during the policy term. No maturity benefit, which is exactly why it's the cheapest way to secure a ₹1-5 Cr sum assured.
Talk to an AdvisorPremium
From ₹18/day
Cover
Up to ₹5 Cr
Policy Term
Up to 40 Yrs
Claim Ratio
99.2%
15+ insurers • IRDAI-registered
HLMLLICTA
Key features
High cover, low premium
₹1 Cr cover for a 30-year-old non-smoker starts at ₹18/day.
Riders available
Add critical illness, accidental death, and waiver-of-premium riders.
Tax deduction
Premium is deductible under Section 80C up to ₹1.5 L per year.
Return-of-premium
Optional variant returns 100% of premiums paid if you outlive the policy.
Eligibility
- Age: 18 to 65 years at policy entry
- Non-smoker rates significantly cheaper - declare truthfully
- Minimum annual income: ₹3 L (varies by cover amount)
- Cover up to 25x annual income for young applicants
Documents required
- PAN card and Aadhaar
- Income proof: latest ITR / Form 16 / salary slips
- Address proof
- Medical test (usually mandatory above ₹75 L cover)
- Nominee details and relationship proof
Frequently asked questions
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