Rs. 75 Lakh Term Insurance

Rs. 75 Lakh term insurance plan is a standard term insurance plan with a sum assured of Rs. 75 Lakh. Under a term insurance plan, a death benefit is provided to the nominee in case an unforeseen event takes place such as a sudden demise of the life assured. If the life assured has chosen the sum assured of Rs. 75 Lakh at the time of policy issuance, the death benefit shall be equal to the chosen sum assured. Rs. 75 Lakh term insurance plan works just like a traditional term insurance plan but some life insurance companies also offer a maturity benefit that will be equal to the chosen sum assured.

Best Rs. 75 Lakh Term Insurance Plans

Below mentioned is the list of the 5 best Rs. 75 Lakh term insurance plans, the details mentioned below may vary according to the plan variant chosen by the policyholder -

*Premium Payment Mode, **Premium Payment Term.

1. HDFC Click 2 Protect Life Plan

HDFC Click 2 Protect Liffe plan provides financial aid to the life assured and his/her family according to their changing lifestyle and requirements at different life stages. This plan ensures that the life assured is financially protected at all times. HDFC Click 2 Protect Life plan has 3 plan options Life and Critical Illness Rebalance, Life Protect and Income Plus, one can customise the plan by choosing from any of the plan options according to their requirements and budget. This plan provides life cover upto 99 years of age, i.e. whole life cover. This plan provides maturity benefit (optional), i.e. return of premiums option, under which total premiums paid shall be provided to the life assured in case the life assured survives the entire policy tenure. The life assured can choose to enhance the base coverage of the policy by adding additional coverages such as Return of Premium option, Waiver of Premium on diagnosis of critical illness option and Accidental Death Benefit option.

2. Canara iSelect Star Term Plan

Canara iSelect Star Term plan is a non-linked, pure risk protection plan. This plan provides financial protection to the life assured and his/her loved ones, from the uncertainties of life. Canara iSelect Star Term plan is a very flexible plan as this plan provides multiple coverage options along with the flexibility to choose premium payment term and death benefit payout options. Canara iSelect Star Term plan has 3 plan options namely Life, Life with Return of Premium and Life Plus, one can choose from these coverage options according to their requirements and budget. This plan provides an option to add a spouse under the same policy. Under this plan the life assured can increase the sum assured at different stages of his/her life. This plan also provides flexibility to choose from multiple death benefit payout options.

3. Aegon iTerm Plan

Aegon iTerm plan provides comprehensive protection at nominal cost. This plan provides financial security to the life assured and his/her loved ones from the uncertainties of life. Under this plan, one has the flexibility to customise the plan according to their requirements. Aegon iTerm has 3 plan options to choose from which are Life Protect, Protect Plus and Dual Protect. Under this plan the life assured can avail life cover till the age of 70 years. Aegon iTerm plan offers an option to receive a lump sum benefit on diagnoses of any of the listed 36 critical illnesses. A unique benefit under the Aegon iTerm plan is that this plan provides financial security to the family of the life assured, in case the life assured passes away from COVID-19. This plan also provides multiple death benefit payout options to choose from which are lump sum, monthly income or part lump sum and part monthly income.

4. ABSLI Life Shield Plan

ABSLI Life Shield plan is a protection plan, this plan provides financial security to the family of the life assured in difficult circumstances such as untimely demise of life assured during the policy tenure. This plan offers 8 plan options to choose from namely Level Term Assurance, Level Term Assurance with Waiver of Premium Benefit, Increasing Term Assurance, Increasing Term Assurance with Waiver of Premium Benefit, Decreasing Term Insurance, Decreasing Term Insurance with Waiver of Premium Benefit, Return of Premium and Return of Premium with Waiver of Premium Benefit. One can choose from the plan options according to their coverage requirements and budget. This plan provides an option of joint life cover under which the life assured can choose to add their spouse under the same policy. ABSLI Life Shield plan also provides Terminal Illness Benefit under which financial assistance is provided to the life assured in case he/she is diagnosed with a terminal illness during the policy tenure.

5. Kotak e-Term Plan

Kotak e-term is a pure risk, affordable term insurance plan, which provides comprehensive protection for the life assured and the family of the life assured during the policy tenure. This plan is designed to provide financial assistance to the family of the life assured in case of an untimely demise of the life during the policy tenure. Kotak e-term plan provides flexibility to choose the coverage option from 3 three different plan options namely Life, Life Plus and Life Secure. This plan also provides multiple death benefit options which are Immediate Pay Out, Level Recurring Payout and Increasing Recurring Payout. Under this plan the life assured can choose to enhance the power of coverage of the policy by adding riders, rider option available under this plan are Kotak Permanent Disability Rider and Kotak Critical Illness Plus Benefit Rider.

Who Can Buy Rs. 75 Lakh Term Insurance Plan?

Anybody who is above 18 years, has a regular source of income and dependents in his/her family can purchase Rs. 75 Lakh term insurance plan. A person who is the primary breadwinner of the family and has a number of dependents who are looking up to him/her for financial resources for their daily financial requirements. A salaried person, married or unmarried can also purchase a Rs. 75 Lakh term insurance plan, this way he/she can create a financially secured future for themselves and their family. Usually a person’s profession does not matter while purchasing an insurance plan, it is advisable to purchase an insurance plan if you have regular source of income and you are able to make premium payments on time

Why Purchase Rs. 75 Lakh Term Insurance Plan From InsuranceDekho?

Below mentioned are some reasons why you should consider purchasing Rs. 75 Lakh term insurance plan from InsuranceDekho -

• Hassle-Free Policy Issuance - Purchasing a term plan from InsuranceDekho is quite easy and a quick process. The policy is issued as soon as the payment is made. According to the information you provide, term plans that best suit your requirements and budget are displayed. You can choose a plan, make the payments and the policy shall be issued instantly.
• Dedicated Customer Assistance - Our customer care team is dedicated to provide you with effective solutions for your query and a seamless experience. Our customer care executives are knowledgeable, well spoked and strive to provide you with the best effective solutions. Our executives are here to guide you step by step for a purchase or claim settlement procedure.
• Wide Array of Plans - We have partnered with some of the best life insurance companies in India and we offer a wide range of life insurance products offered by different insurance providers. You can easily compare different plans from different insurance providers, according to your needs and budget.