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Protecting What Matters the Most with

₹5 Crore Term Insurance

Get a relatively high sum assured without affecting your finances. A significantly high coverage offered by our ₹5 crore term insurance policy can be the financial back-up for your future needs. With our term plans, you can avail your desired coverage and secure your years. Let our plan features guide you towards making the right financial purchase.

Breadwinner Protection
Return of Premium Option
Terminal Illness Coverage
Policy remains effective in your absence (WOP)
Lifestyle Protection
COVID-19 Coverage

Get ₹1 Crore Life Cover at just ₹11/day⁺ Fill in a few more details for your quote

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What is a ₹5 Crore Term Insurance Plan?

₹5 crores term insurance plans provide extensive coverage, serving as a reliable financial safety net for all your future needs. By signing up for our online ₹5 crore term insurance plans, policyholders can obtain the coverage they need and put an end to stressing about long-term security. Let the features of our plan help you in making a well-informed financial decision.

Why Choose a ₹5 Crore Term Insurance Plan?

Here are some reasons why customers may choose to opt for a ₹5 crore term insurance plan:

They are the sole earner in a high-income household with a lifestyle that requires prominent financial protection.
They have certain financial responsibilities, such as a home loan, or any other loan that could become a burden on their family in the unfortunate event of their passing.
They have dependents with financial commitments, such as a child aspiring to study abroad or a parent with a chronic illness that requires frequent medical care.
A combination of all factors mentioned above.

It is important to assess your financial needs and budget to make the ideal decision when considering a high-sum insurance policy.

Benefits Of Opting For ₹5 Crore Term Insurance?

Let’s look at some of the benefits you can expect from a ₹5 crore term life insurance policy.

You get a significant coverage amount to help your family deal with multiple financial requirements.

The ₹5 crore term insurance premium amount is likely to be lower than the premium for the same sum assured in other types of life insurance policies.

You can claim tax exemptions for the premium paid as well as the death benefit received.

You can boost your coverage scope by customising the ₹5 crore term insurance policy with add-ons and riders.

Having a significant coverage for your family allows you to rest easy about their future, whether you are there to support them or not.

How to Choose the Right ₹5 Cr Term Insurance Plan?

Whether you are buying a ₹5 crore term insurance policy, a lesser sum assured, or a higher one, choosing the right plan is crucial. Here are a few factors that play a key role in helping you choose an appropriate term insurance.

Add-on options

Does your policy offer any rider options or any additional features that could help you keep your family secure? While add-ons may influence premium amount, it can help you get better coverage. Some of the common rider options are waiver of premium and term rider.

Claim Settlement Ratio

To have a higher chance of the claim on your policy being successfully settled, you may want to check the claim settlement ratio of the company first. This value tells you the percentage of claims successfully settled in the past year.

Exclusions

Before you make the purchase, it is ideal to enquire about the exclusions of the policy. It is best to have a clear understanding of what your policy will offer coverage for.

Waiting Period

Some types of coverage may come with a waiting period. Ensure to check this before making a purchase.

What Are The Factors Affecting The Premiums For ₹5 Crore Term Insurance?

The factors affecting ₹5 crore term insurance premiums are fairly similar to those affecting any other term insurance plan premium. Besides your sum assured amount, here are some of the factors that affect your ₹5 crore term insurance premium.

Term Duration

The duration for which you select your coverage is bound to influence your premium amount. However, it is ideal to decide the policy term based on your requirements rather than looking at how it influences your premium amount.

Age

The age of the life assured plays an important role in how much premium you are required to pay. Older individuals are considered to be at a higher risk of mortality. Hence, it is often advised to buy a term plan early on in life.

Medical History

If you are living with any medical condition or have any significant medical history, you may be charged a higher premium than your counterparts with an uneventful medical history. To ensure minimal complications later, it is ideal to provide a clear picture of your medical history to your insurer.

Premium Payment Frequency and Term

The premium payment frequency and the term chosen can also increase or decrease your total premium amount. To get a better idea, you can try to select the available premium payment frequency options in a term insurance calculator, where the rest of your details are also captured.

Lifestyle

Smoking habits are considered to influence mortality risk, which in turn influences your premium amount. It can also lead to one being charged a higher premium amount.

Gender & Location

Women are said to be at a lower risk of mortality as compared to men. Also, whether they reside in an urban setting or a calmer location that allows for a healthier lifestyle may also affect premium rates.

Add-on features

If you are adding riders or selecting a plan with some additional features, it may reflect in your policy.

With easy access to term insurance premium calculators online, you can get estimates within a few clicks.

Calculate Your ₹5 Crore Term Insurance Premiums

Using a term insurance calculator is one of the simplest, quickest, and most accessible ways to calculate the premium on your ₹5 crore term life insurance.

Calculate Now

Why Choose IndiaFirst Life?

Ensuring your family's financial security is paramount, and IndiaFirst Term Life Insurance Plans are designed with this priority in mind. Here's why opting for our term insurance plans is the right choice:

A range of plans suiting various needs

Reliable customer service

Easy claim settlement process

Access to expert advice

98.78% Individual Claim Settlement Ratio for FY 2025-26

Need Help In Choosing The Right Term Plan?

Frequently Asked Questions

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General

Claims and Withdrawals

What are the eligibility criteria to purchase a ₹5 crore term plan?

Answer: It is rather similar to the eligibility criteria of any other term insurance policy. Any Indian citizen between the ages of 18 years to 65 years may be allowed, subject to the approval of the underwriting team. Availability of term insurance for NRIs depends on the insurance provider and the type of plan chosen.

Can I get tax benefits on ₹5 crore term insurance?

Answer: Yes, the premium paid as well as benefits received may be eligible for tax exemptions. Please note that as per the current income tax regulations, only taxpayers who have opted for the old tax regime can make claims.

Can I purchase a ₹5 crore term insurance plan online?

Answer: Yes, it is possible to purchase these policies online. You can expect a hassle-free and quick process, provided you have all the documents ready.

What happens if I survive the policy tenure?

Answer: If you have opted for a level term insurance policy and survive the policy tenure, there are no maturity benefits to be claimed. However, if your plan has a return of premium option, you may claim the premium return upon plan maturity.

Do ₹5 crore term insurance plans come with a free-look period?

Answer: Except for the relatively high sum assured, most other aspects of ₹5 crore term insurance remain the same as a regular term insurance plan. Hence, you can expect most features and benefits of term insurance, including free look period, to be available.

Plans that may interest you!

IndiaFirst Life Guardian of Life Dreams Term Plan

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Product Name: IndiaFirst Life Guardian of Life Dreams Term Plan
Dropdown Field: Term Plan
Product Description: Protect your family's dreams with affordable life cover, flexible payout options, return of premium benefits, and lifelong financial security, starting at just ₹13/day.*
Product Benefits: Choice of Pure Protection or Return of Premium option
A special 16% Level Premium Discount for women
Health Management Services worth Up to ₹75,000 p.a.
Flexible Death Benefit payout as a Lumpsum or Monthly Income or Both
Porduct Detail Page URL: Calculate Premium
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Super Protection Plan

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Product Name: IndiaFirst Life Super Protection Plan
Dropdown Field: Tax Saving
Product Description: Protect your family’s happiness & future with our most flexible term plan. Buy this term life insurance and give your loved ones the financial security they deserve.
Product Benefits: Option to get your money back

Flexibility to pay premiums

Lifetime protection till age 99 years

Sum Assured as lumpsum or monthly instalments
Porduct Detail Page URL: Calculate Premium
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Plan

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Product Name: IndiaFirst Life Plan
Dropdown Field: Tax Saving
Product Description: A protection plan for your family that helps them stand independently! IndiaFirst Life Plan gives your family a financial cushion to fall back on in your absence.
Product Benefits: Flexibility to choose the duration

Family will receive the payout

Flexibility to choose the assured amount

Long term protection

Tax* benefits
Porduct Detail Page URL: Calculate Premium
Product Buy Now URL and CTA Text: Learn More

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Disclaimer

⁺The first-year premium for a healthy, non-smoking, salaried 18-year-old female purchasing a ₹1 Crore Sum Assured policy online with a 22-year policy term and 22-year premium payment term is ₹3,789, after applicable online, female, and salaried discounts. Renewal premium from the second year onwards is ₹4,736. Premiums are exclusive of applicable taxes. The illustration assumes the Monthly Income for 20 Years death benefit option hence offering 20% premium discount applicable throughout the premium payment term.. T&C Apply.

*The first-year premium for a healthy, non-smoking, salaried 18-year-old male purchasing a ₹2 Crore Sum Assured policy online with a 22-year policy term and 22-year premium payment term is ₹7,936, after applicable salaried (5% First Year) and online discounts (15% First Year). Renewal premium from the second year onwards is ₹9,920. Premiums are exclusive of applicable taxes. The illustration assumes the Monthly Income for 20 Years death benefit option hence offering 20% premium discount applicable throughout the premium payment term. T&C Apply.