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Can help replace a meaningful share of your annual income for your family over several years, not just a few months.
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Ageas Federal Life Insurance
₹75 Lakh Term Insurance Plan
A ₹75 lakh term insurance plan pays your nominee a ₹75 lakh death benefit if you die during the policy term, subject to the policy conditions. The money can cover living costs, outstanding debts and goals such as a child’s education. Will ₹75 lakh be enough several years from now? Estimate what your family would need, allow for inflation, then subtract savings and existing life insurance. The premium and approval will reflect your age, income, health, occupation, smoking status, chosen policy term and the insurer’s underwriting assessment.
Not sure how much cover you need?
Use our tools to calculate and plan better.
Why Do You Need a ₹75 Lakh Term Insurance Plan?
Covers a Full Home Loan
Sized to match a typical mid-size to large home loan, so your family isn't forced to sell the house you built together.
Funds Children's Education
Large enough to realistically set aside for school, college, or professional courses without dipping into savings.
Protects Against Multiple Liabilities
Can address a combination of obligations- home loan, car loan, personal loan- at once, rather than just one.
Suited for Growing Careers
Fits professionals whose income and responsibilities are rising, and who need cover that keeps pace rather than falls behind.
A Long-Term Safety Net
Structured to support your family for years, not just cover immediate expenses after a loss.
Genuine Income Replacement
Can help replace a meaningful share of your annual income for your family over several years, not just a few months.
Covers a Full Home Loan
Sized to match a typical mid-size to large home loan, so your family isn't forced to sell the house you built together.
What are the Features & Benefits of the Plan?
A plan for term insurance for 75 lakh offers substantial life cover at a premium that remains manageable, making it a practical core policy rather than a supplementary one.
₹75 Lakh Death Benefit
Your nominee receives the full sum assured if the policyholder passes away during the term, subject to policy terms.
Balanced Premium-to-Cover Ratio
Delivers a high cover amount while keeping premiums reasonable relative to the protection offered.
Flexible Policy Term
Choose a term that runs alongside your working years, loan tenure, or until your children become financially independent.
Multiple Payment Options
Pay monthly, quarterly, half-yearly or annually depending on the plan option selected.
Applicable Tax Benefits
Premium and payout tax treatment may apply as per prevailing tax laws and regime chosen.
Enhance Your Plan With Riders
May add protection against accidental death or related accidental events, subject to rider terms. Exact benefit conditions, exclusions, and eligibility should be verified with Ageas Federal before purchase. Know Rider Details
Rider 1: Critical Shield Rider
May provide an added payout if you're diagnosed with a covered critical illness during the policy term, subject to rider terms. Exact illness list, exclusions, waiting period, and eligibility should be verified with Ageas Federal. Know Rider Details
Rider 2: Accident Care Rider
May add protection against accidental death or related accidental events, subject to rider terms. Exact benefit conditions, exclusions, and eligibility should be verified with Ageas Federal before purchase. Know Rider Details
Rider 1: Critical Shield Rider
May provide an added payout if you're diagnosed with a covered critical illness during the policy term, subject to rider terms. Exact illness list, exclusions, waiting period, and eligibility should be verified with Ageas Federal. Know Rider Details
Rider 2: Accident Care Rider
May add protection against accidental death or related accidental events, subject to rider terms. Exact benefit conditions, exclusions, and eligibility should be verified with Ageas Federal before purchase. Know Rider Details
Simple Claim Process
Riders can help expand the protection your base term plan offers. Rider availability, premium impact, exclusions, waiting periods and eligibility should be checked before purchase.
Call
Nominee can contact Ageas Federal's claim support team.
Claim documents and queries can be shared through the approved email route.
Branch Visit
Nominee can visit the nearest branch for assistance.
Submit Documents
Includes claim form, death certificate, policy details, nominee ID, and bank details.
Claim Review and Settlement:
The insurer reviews the claim and processes it as per policy terms.
How ₹75 Lakh Cover Can Support Long-Term Financial Protection?
1. Complete Home Loan Repayment
Can help clear an outstanding home loan so your family isn't left managing EMIs alone.
2. Children's Education Fund
Can support school fees, college costs, or higher education plans over several years.
3. Sustained Monthly Household Support
Can act as a replacement income source, helping cover living expenses for an extended period.
4. Multiple Debt Settlement
Can help close several loans together, personal, vehicle, or credit-based, without straining family finances.
5. Long-Term Family Security
Can give your spouse and children a meaningful financial cushion well beyond the immediate aftermath.
Is ₹75 Lakh Term Insurance Enough for Your Family?
₹75 lakh term insurance can be sufficient for many salaried individuals with a single major loan and moderate income, but may not fully cover families with higher income, multiple dependents, or ambitious long-term goals.
| Situation | Is ₹75 Lakh Enough? | Better Action |
|---|---|---|
| Single home loan borrower | Usually sufficient | Match term to loan tenure |
| Moderate income, one dependent | Usually sufficient | Review every few years |
| High-income professional | May not be enough | Consider ₹1 crore or higher |
| Family with multiple children | May not be enough | Calculate education + living costs |
| Multiple large loans | May not be enough | Add up all liabilities before deciding |
| Self-employed with variable income | Needs individual assessment | Factor in income volatility |
How Does ₹75 Lakh Term Insurance Premium Change With Age?
Premium for ₹75 lakh term insurance depends on age, health, policy term, smoking status, occupation, income, payment mode and underwriting. Younger and healthier applicants may get lower premiums, subject to insurer assessment.
| Situation | Is ₹75 Lakh Enough? | Better Action |
|---|---|---|
| Single home loan borrower | Usually sufficient | Match term to loan tenure |
| Moderate income, one dependent | Usually sufficient | Review every few years |
| High-income professional | May not be enough | Consider ₹1 crore or higher |
| Family with multiple children | May not be enough | Calculate education + living costs |
| Multiple large loans | May not be enough | Add up all liabilities before deciding |
| Self-employed with variable income | Needs individual assessment | Factor in income volatility |
Disclaimer - Indicative premium for a healthy, non-smoking individual. Actual premium depends on age, health, income, occupation, lifestyle, policy term, sum assured, riders, and underwriting.
₹75 Lakh Term Insurance vs Other Cover Options
| Cover Amount | Best Suited For | Key Note |
|---|---|---|
| ₹25 Lakh | Small liabilities, starter cover | Limited for full income replacement |
| ₹50 Lakh | Early-career earners, smaller loans | May need review as responsibilities grow |
| ₹75 Lakh | Salaried professionals, single home loan | Solid mid-range cover for most families |
| ₹1 Crore | Growing families, multiple liabilities | Stronger long-term protection |
| ₹2 Crore | High-income earners, large loans | Suited for bigger financial goals |
AEO Answer Block: ₹75 lakh term insurance works well as core protection for many households, particularly those with a single major loan and average income. Higher earners, families with multiple dependents, or those with several ongoing liabilities may need to calculate a higher cover based on their income, debts, and future goals
Compare Term Plans
| Plan | Use Case | CTA |
|---|---|---|
| iSecure Plan | Base term protection, coverage up to age 85, option of Life Cover or Life Cover with Return of Premium | Explore Plan |
| Saral Jeevan Bima | Standard, IRDAI-mandated term plan; details to be verified | Explore Plan |
| Termsurance Life Protection Insurance Plan | Financial protection with additional cover option for a girl child's education | Explore Plan |
| iSecure Plan With Riders | Rider availability to be verified | Speak to Advisor |
What are the Tax Benefits?
A term insurance plan may offer tax benefits on premiums and claim payout, subject to tax laws, policy terms, and the tax regime selected by the policyholder.
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Section 80C - Premium Deduction
Premiums paid for term insurance may qualify for deduction under Section 80C, subject to applicable tax laws and conditions. This usually applies under the old tax regime.
2
Section 10(10D) - Tax Treatment of Death Benefit
The death benefit received by the nominee may be tax-exempt under Section 10(10D), subject to applicable tax laws and policy conditions.
Disclaimer: Tax laws can change. Please consult a tax advisor before making a purchase decision.
How Much Term Insurance Cover Should You Buy?
Your cover should be based on your income, dependents, loans, future goals, and current savings. ₹75 lakh may be sufficient for many households, but higher earners or those with bigger long-term goals may need considerably more.
Income-Based Method:
Use a broad benchmark such as 10–20 times annual income.
Liability-Based Method
Add home loan, personal loan, education loan, and other debts.
Family-Need Method
Include children's education, spouse support, parent care, and emergency needs.
Formula Box: Ideal Cover = Income Replacement + Loans + Future Goals − Existing Insurance/Savings
Buy Once, Protect for Decades
A ₹75 lakh term insurance plan gives most families a strong, dependable base of protection, enough to cover a home loan, support a spouse, and fund your children's future. As your income, loans, or family goals grow, revisit your cover to make sure it still fits.
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Trust Markers:
- Claim settlement ratio: 99.82% (FY 2025-26)
- A joint venture between Ageas and Federal Bank
- Advisor support: Available CIS download: Available
- CIS download: Available
Frequently Asked Questions
A life insurance policy that pays ₹75 lakh to the nominee if the policyholder passes away during the term, subject to policy conditions. Commonly used for income replacement, home loan protection, and long-term family security.
Ageas Federal Life Insurance
Endorsed by Life Insurance Experts
Ageas Federal is a trusted Life Insurance Partner
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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