## ₹1 Crore Term Plan Calculator

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## Why do you need ₹1 crore term insurance plan?

DETERMINE IDEAL LIFE COVER

Determining how much life cover you need is the first step to take when buying a term insurance plan. This value depends on your family's current living costs, pending loans, and future aspirations. However, before zeroing in on a certain amount, you need to factor in inflation. The prices that you pay for items of daily necessities today are likely to increase in a few years.
Find out the current value of future costs using our Calculator. It can give you an idea about the amount needed to secure your loved ones' finances in your absence.

FUTURE PLANNING

Considering the historical inflation rates, ₹1 crore is a large enough sum to protect your family's future. Also, if ₹1 crore term life insurance plans typically provide this high cover at very competitive premium rate. This is possible because term plans are pure protection plans. Having no investment component, your entire premium goes into securing your life cover. Hence, these plans enable you to safeguard your dependents from financial shortfalls in case of an eventuality.
Find out the current value of future costs using our Calculator.

## Why do you need ₹1 crore term insurance plan?

DETERMINE IDEAL LIFE COVER

Determining how much life cover you need is the first step to take when buying a term insurance plan. This value depends on your family's current living costs, pending loans, and future aspirations. However, before zeroing in on a certain amount, you need to factor in inflation. The prices that you pay for items of daily necessities today are likely to increase in a few years.
Find out the current value of future costs using our Calculator. It can give you an idea about the amount needed to secure your loved ones' finances in your absence.

FUTURE
PLANNING

Considering the historical inflation rates, ₹1 crore is a large enough sum to protect your family's future. Also, if ₹1 crore term life insurance plans typically provide this high cover at very competitive premium rate. This is possible because term plans are pure protection plans. Having no investment component, your entire premium goes into securing your life cover. Hence, these plans enable you to safeguard your dependents from financial shortfalls in case of an eventuality.
Find out the current value of future costs using our Calculator.

## Who should opt for ₹1 crore term insurance?

You should buy at least ₹1 crore term life insurance policy.

If you are the sole or primary breadwinner of your family, you need to shield your loved ones against financial uncertainties in case something unwanted happens.

The ₹1 crore payout will support your loved ones’ livelihood. It can help settle any outstanding dues and pay for your children’s higher education or wedding. Thus, even if they lose the support from your income, they will not have to compromise on their lifestyle or future goals.

ICICI Pru

Term Life Insurance

Children's education

Home loan

Daughter's wedding

## How to choose the right ₹1 crore term insurance?

You need to research the different term plans available to ensure the product you buy satisfies all your requirements. Here are some parameters you should look into before purchasing a term insurance plan:

## Why choose ₹1 Crore Term Insurance?

This term plan offers the following benefits:

Affordable
Life cover of ₹1 Crore at an affordable premium rate2a
Increase Cover
Option to increase the cover with growing liabilities, without any medicals
Disability Benefits
In-built premium waivers and continuation of life cover in case of a permanent disability5
Illness Benefits
100% payout on the diagnosis of a terminal illness3