Best 4 Crore Term Insurance Plan Online In India 2024

Updated On: 2023-08-12

Author : Team Policybachat

Life insurance is crucial as it provides a safety net for your loved ones, offering financial support and stability in the event of your death, and ensuring that their needs, such as living expenses, education, and debts, are taken care of. Various kinds of life insurance policies are available in the market. The best way to choose the best life insurance plan is by considering the price and coverage.

Term insurance is one of the best life insurance plans that offer affordable prices at high coverage. Term insurance provides a cost-effective way to ensure financial security for your family by offering a substantial death benefit in the event of your untimely demise, helping them meet expenses and debts, and maintaining their quality of life. Purchasing the best life insurance plan with 4 crore coverage would ensure more than just that. They would not be only living a comfortable lifestyle but fulfilling their expensive career dreams simultaneously without any financial hardships.

Importance of Having Sufficient Insurance Coverage

Sufficient insurance coverage is essential for maintaining financial stability, protecting your family's well-being, and ensuring that your hard-earned assets and aspirations are preserved, regardless of life's uncertainties.

Having sufficient insurance coverage like Rs. 4 Crore is crucial for several reasons:

  • Family Protection: Insurance coverage ensures that your family members are financially secure and provided for, even if you are not there to support them.
  • Income Replacement: In the event of your untimely death, insurance can replace your income, helping your family maintain their standard of living.
  • Debt Management: Adequate coverage helps settle outstanding debts, such as mortgages, loans, preventing financial strain on your loved ones.
  • Education Funding: Insurance can secure funds for your children's education, ensuring their academic aspirations are fulfilled regardless of circumstances.
  • Healthcare Coverage: Health insurance safeguards against medical bills and ensures you receive necessary medical treatments without using your savings.
  • Business Continuity: For business owners, insurance can ensure the continuity of the business and provide funds for succession planning.
  • Peace of Mind: Knowing you have sufficient coverage offers peace of mind, reducing stress and anxiety about potential financial challenges.
  • Retirement Planning: Certain insurance products, like annuities, provide a stream of income in retirement, supplementing your pension or other sources of income.
  • Adaptation to Life Changes: As life circumstances change, such as getting married, having children, or purchasing a home, your insurance coverage can be adjusted to reflect your evolving needs.

What is 4 Crore Term Insurance?

A 4 Crore Term Insurance refers to a life insurance policy that provides a coverage amount of 4 Crore rupees. This means that in case of the policyholder's unfortunate demise during the policy term, the designated beneficiaries or nominees will receive a payout of 4 Crore rupees as a death benefit. This significant coverage amount can help ensure financial protection and support for the policyholder's family and dependents in the event of their untimely passing.

Advantages and Disadvantages of Buying Rs. 4 Crore Term Insurance

Advantages and Disadvantages of Buying Rs. 4 Crore Term Insurance

Advantages Disadvantages
High coverage of Rs. 4 Crore offers extensive financial protection for your family, ensuring that they are well-covered in case of your untimely demise. Premiums for a Rs. 4 Crore term insurance policy may be significantly more expensive than lower coverage policies.
It can help settle significant debts like mortgages, loans, and other financial obligations, relieving your family from potential debt burdens. Qualifying for a high-coverage policy often requires more rigorous medical underwriting, and you may need to meet specific health criteria to be eligible.
The large payout can help your family maintain their current lifestyle, cover daily expenses, and support long-term financial goals. Your insurance needs may change over time due to family size, financial situation, and goals. A fixed high coverage might not be flexible enough to adapt to evolving circumstances.
It provides the means to fund your children's education and aspirations, securing their future regardless of unforeseen circumstances.

Who Should Buy 4 Crore Term Insurance?

A 4 Crore term insurance policy is suitable for individuals who have significant financial responsibilities and a need for high life insurance coverage. Here are some people who need to consider a 4 Crore term insurance policy:

  • Breadwinners with Dependents
  • Individuals who have Large Liabilities
  • High-Earning Individuals
  • Business Owners
  • Individuals with Health Concerns
  • Who has Long-Term Financial Goals
  • Parents who want Funds for their Children's Education

4 Crore Term Insurance Plans Comparison

Rs. 4 Crore term life insurance can be purchased online by selecting the best insurance company from the list of insurance companies available at PolicyBachat by using a comparison tool. Here are steps to compare term insurance plans and their features and prices.

Step 1: Visit the ‘PolicyBachat website and click the ‘Term’ tab.

Step 2: In the next step enter the below details clearly and correctly.

  • Gender of the applicant
  • Tobacco consumption; Yes or No
  • Annual income from the options given in the calculator
  • Occupation type; Salaried or Self Employed
  • Age of the applicant; to be entered as Date of Birth
  • Name of the applicant and email id of the applicant.

Step 3: In this step, you can edit your requirements such as:-

  • Sum Assured Amount
  • Tenure - maximum age at the coverage is required
  • Premium payment Type - Regular or Lump Sum or Limited pay
  • Premium Payment Frequency – Monthly, Quarterly, Half-yearly or Yearly
  • Payout type - Lump sum or Income or Combination of both
  • Add-ons - Critical Illness, Waiver of premium, Accidental disability cover, etc.

Step 4: In this step, compare different insurance plan premiums and features displayed on the screen. Then select the plan which is appropriate to your needs and budget. Then make payment via online payment method.

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Why Choose Policybachat to Purchase a Life Insurance Policy?

PolicyBachat strives to provide life insurance products that are tailored to meet the needs of its customers. If you want to purchase a life insurance policy, PolicyBachat is your best choice. Here are some best reasons why you should PolcyBachat to purchase an Rs. 4 crore term insurance plan:-

  • Easy Comparisons
  • Fast Policy Issuance
  • Hassle-Free Purchase
  • Customer Service Assistance
  • Customer Information Security

Top Best 4 Crore Term Insurance Plans in India

Plan Name Claim Settlement Ratio Policy Term Premium ( Per Monthly)
HDFC Click 2 Protect Plan 98.66% 20 Years 2658/- Buy Now
Bajaj Allianz Smart Protect Goal Plan 99.02% 20 Years 2312/- Buy Now
Max Life Smart Secure Plus Plan 99.35% 20 Years 2645/- Buy Now
TATA AIA Sampoorna Raksha Supreme Plan 98.02% 20 Years 2845/- Buy Now
ICICI iProtectSmart Plan 97.9% 20 Years 2747/- Buy Now

*The above-mentioned values are for reference purposes only *Compare quotes for exact values.

How to Choose the Right Term Insurance for 4 Crores

Choosing the right 4 Crore term insurance policy is a significant decision that requires careful consideration. Here are some factors to consider when comparing term insurance plans:

  • Premium Cost
  • Claim Settlement Ratio
  • Rider Options
  • Policy Term
  • Coverage Exclusions
  • Premium Payment Options
  • Financial Stability of the Insurer
  • Online Services
  • Customer Reviews, etc.

Frequently Asked Questions - 4 Crore Term Insurance

Who is Eligible for a 4 Crore Term Insurance Policy?

Eligibility criteria for a  4 crore term life insurance policy may vary among insurance providers, but individuals between a certain age range (e.g., 18 to 65 years), who meet the insurer's health and lifestyle requirements, can apply for a 4 Crore term insurance policy.

How Much Does a 4 Crore Term Insurance Policy Cost?

The premium for a 4 Crore term insurance policy depends on various factors such as your age, health condition, lifestyle habits, policy term, sum assured, etc.

What is the Policy Term for a 4 Crore Term Insurance Plan?

The policy term for a 4 crore term insurance plan is between 5 to 40 years, depending on the insurance provider and your age when purchasing the policy. It's essential to choose a term that aligns with your financial goals and the needs of your dependents.

Can I Increase or Decrease the Coverage Amount During the Policy Term?

Some insurance providers offer flexibility to increase or decrease the coverage amount during the policy term. However, this may be subject to certain conditions.

What Happens If I Survive The Policy Term?

Term insurance policies do not typically provide any maturity benefit if you survive the policy term. The policy's primary purpose is to provide a death benefit to your beneficiaries if you pass away during the policy term.

Can I Convert My 4 Crore Term Insurance Policy into a Different Type of Policy?

Some insurance companies may offer policy conversion options that allow you to convert your term insurance policy into a permanent life insurance policy, such as whole life or endowment, during a specified period.


Opting for a 4 Crore term insurance policy isn't just about money; it's a way to secure your family’s financial future in case of your death or unable to work due to an accident or illness. It's like a safety net that ensures your family's well-being even when you're not around. Specifically, a 4 Crore term insurance policy offers many advantages. It's a powerful shield that can protect your family's dreams and financial stability in times of uncertainty. Choose the right 4 crore term life insurance plan by comparing quotes at policyBachat that can ensure that you get the best coverage at an affordable price. Your careful consideration today can make all the difference tomorrow.

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