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A ₹1 crore term plan balances affordability with real protection, covering major responsibilities without straining your monthly budget or lifestyle.
Ageas Federal's ₹1 crore cover starts at ₹1,395/month, roughly ₹47 a day, often less than everyday subscriptions or takeaway.
From home loans to your child's education, ₹1 crore is built for major responsibilities, not just daily household expenses.
Ageas Federal settled 99.82% of claims in FY 2025-26, making the ₹1 crore promise more than just a number.
The same ₹1 crore cover costs meaningfully less in your 20s than your 40s, rewarding early decisions significantly.
Add the Critical Shield or Accident Care Rider to your base plan, so one policy handles multiple real-life risks.
The full ₹1 crore reaches your nominee tax-free under Section 10(10D), with no deductions reducing what your family receives.
Here's what makes Ageas Federal's ₹1 crore term insurance plan a reliable, well-rounded choice for your family's protection:
Your nominee receives 100% of the ₹1 crore sum assured, no reductions.
Choose a term matching your financial responsibilities, from working years into retirement.
Pay annually, semi-annually, quarterly, or monthly, based on your cash flow.
Customise your cover with the Critical Shield Rider or Accident Care Rider.
Premiums qualify for deduction under Section 80C, up to ₹1.5 lakh a year.
Strengthen your base term plan with optional riders designed for more complete, well-rounded protection.
Boost your term plan with a lump sum payout if you're diagnosed with any of up to 50 covered critical illnesses, including cancer, heart attack, or kidney failure. This financial support helps you focus on recovery and treatment, without dipping into your family's savings or long-term investments.
Strengthen your protection against life's unpredictable moments with added coverage for accidental death and related events. Your family receives an extra payout beyond the base cover, including a 2X benefit if death occurs due to an airplane or train accident.
Boost your term plan with a lump sum payout if you're diagnosed with any of up to 50 covered critical illnesses, including cancer, heart attack, or kidney failure. This financial support helps you focus on recovery and treatment, without dipping into your family's savings or long-term investments.
Strengthen your protection against life's unpredictable moments with added coverage for accidental death and related events. Your family receives an extra payout beyond the base cover, including a 2X benefit if death occurs due to an airplane or train accident.
We make settlement easy and stress-free for your family.
Income replacement is the primary objective of a term plan. In case of a tragedy, the sum assured of the policy guarantees that:
Contact the customer care team to register the claim and understand the required documentation.
Submit the claim request and supporting documents through the official email channel.
Visit the nearest Ageas Federal Life Insurance branch for in-person assistance with claim registration and document submission.
Picking the right ₹1 crore term plan isn't just about the sum assured, a few key factors decide whether the cover actually works for your family when it matters.
Waiting to buy term insurance often feels harmless, but every year you delay adds to your premium and narrows your options. Buying early isn't just about saving money; it's about securing better terms while you're at your healthiest.
Lock in an affordable rate while you're young and healthy.
A smaller monthly outgo adds up to significant savings over the years.
Protect your family's future at a minimal ongoing cost.
Fewer health complications at a younger age make approval smoother.
Secure ₹1 crore of protection today, without worrying about rising costs later.
Save more with government-approved tax deductions while securing your family's future with your 1 crore term insurance plan.
Premiums paid towards your Ageas Federal term insurance policy are eligible for deduction under Section 80C of the Income Tax Act. This helps you save up to ₹46,800 in taxes annually.
The ₹1 crore death benefit received by your nominee is completely tax-free under Section 10(10D) of the Income Tax Act, so your family gets the full payout without any deductions.
The cost of a ₹1 crore term plan is directly tied to your age at the time of purchase, since insurers price risk based on how many years of coverage they're likely to provide. A 25 year old is statistically less risky to insure than someone in their 40s , which is reflected directly in the premium.
Waiting even a few years can meaningfully raise your monthly outgo for the exact same ₹1 crore cover. Locking in your policy early means that lower rate stays fixed for your entire chosen policy term, regardless of how your health or age changes later.
| Age | Monthly Premium* | Policy Term |
|---|---|---|
| 25 years | ₹718/month | 30 years |
| 30 years | ₹939/month | 30 years |
| 35 years | ₹1325/month | 30 years |
| 40 years | ₹1841/month | 30 years |
| 45 years | ₹2898/month | 30 years |
Choosing your cover amount isn't just a formula, it depends on where you are in life and what your family will need to stay financially secure.
The earlier you buy, the more coverage you can lock in without stretching your budget. A ₹1 crore cover taken in your 20s or early 30s comes at a fraction of the cost compared to buying the same cover later, making it easier to secure long-term protection while premiums are still low.
As a general benchmark, your life cover should be 15-20 times your annual income. For most salaried professionals earning ₹40,000-₹70,000 a month, this calculation naturally points toward a ₹1 crore cover, making it a practical starting point rather than an oversized one.
Think beyond today; your child's education, their wedding, a home you're still paying off. A ₹1 crore term plan is built to carry your family through these milestones, even if you're not there to see them through.
Every family's situation is different. An Ageas Federal advisor can help you understand whether ₹1 crore fits your specific income, liabilities, and future goals, or whether you should consider a higher cover.
Ageas Federal Life Insurance
Endorsed by Life Insurance Experts
At Ageas Federal Life Insurance, we are dedicated to creating meaningful insurance solutions that help individuals build a secure and confident future. With over a decade of experience, we offer a wide range of plans across protection, pension, savings, investment, annuity, and health, designed to support evolving financial needs at every stage of life.
Let us help you make the right decision
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