10 Lakh Term Insurance Plan - A Complete Guide

Name: 10 Lakh Term Insurance
Brand: Axis Max Life Insurance
Rating: 4.3 (1919 reviews)

Term Insurance Plan Starting
@ ₹19/Day^@7 for 1 Cr. Life cover

It is only natural for you to want to ensure adequate financial support for your family in the case of any future mishap. A 10 Lakh term insurance is a term insurance policy that offers a assured sum of Rs. 10 lakh in the event of the death of the life insured during the policy term. Such a policy is a pure risk plan that is meant to protect your family financially in your absence, however there is no maturity benefit if you outlive the policy term. The primary benefit of a Rs. 10 Lakh term insurance policy is that it is very affordable even though the life cover offered is quite low.

This plan is helpful for those who have limited means and are the sole breadwinners of their family. The pay-out from a 10 lakh term policy can help your dependents manage their expenses to some extent in case the event of loss of income occurring due to the death of the family’s breadwinner. show less ...Read More

Terminal

Illness Cover Inbuilt

64 Critical

Illnesses Covered^@>

3 Hours

Claims Promise^{^*}

99.8%

Death Claims Paid Ratio^{^}

Term Insurance Plan Starting
@ ₹19/Day^@7 for 1 Cr. Life cover

Axis Max Life Term Insurance Plans

Trust of 20+ Years in Industry

Written byLakshey Bahl

Insurance Writer

Reviewed byVaibhav Kumar

Last Modified 12th September 2026

Insurance Domain Expert

Term Life Insurance Plans 5 Lakh Term Insurance 20 Lakh Term Insurance 25 Lakh Term Insurance

Why Should You Buy a 10 Lakh Term Insurance Plan?

The major reasons why you should consider buying a term plan of Rs. 10 lakh include the following:

Affordability: The 10 Lakh term insurance premium is affordable in relation to the sum assured it offers, providing a low-cost comprehensive coverage solution.
Financial Security: Like any other term plan a term plan with sum assured of 10 lakh is designed to ensure that your family is financially secure in case anything happens to the life insured. The life cover payout of such a plan can be flexibly used to manage daily expenses, pay off outstanding loans, and more.
Customisation Options: A term plan of 10 lakh also offers the option of adding multiple riders and add-ons to enhance the protection offered under the base plan.
Tax Benefits: As per current tax rules if you have opted for the old tax regime, term insurance policy premiums are tax-deductible under Section 80C with a limit of Rs. 1.5 Lakh per annum. However, this benefits is not currently available if you have opted for the new tax regime.

The above mentioned benefits are just a snapshot of what makes a 10 Lakh term insurance plan a desirable choice for financial security as well as tax savings for many individuals.

How Does a 10 Lakh Term Insurance Plan Work?

The working of a 10 Lakh term insurance policy is similar to term plans with higher sum assured such as Rs. 3 crore term plan and Rs. 5 crore term plan. Initially, at the time of policy buying, you choose the amount of life cover, the policy tenure (e.g., 20 or 30 years), the premium payment term and calculate the premium payable.

Second, you pay due premiums whether monthly, quarterly, bi-annually or annually over the selected premium payment term, to continue the policy for the applicable policy tenure.

Last but not least, in case of the life insured’s death during the policy term, the insurer will pay the nominee the amount assured of Rs. 10 Lakh as death benefit subject to applicable terms and conditions. However, this type of policy does not have any maturity benefits if the life insured outlives the policy term, the policy terminates without any payment being made.

Benefits of Buying a 10 Lakh Term Insurance Plan

Below are some of the key benefits of a term plan offering Rs.10 lakh sum assured that one needs to keep in mind:

Affordable Premiums
You can avail the benefits of a term policy with sum assured of Rs. 10 Lakh for a very affordable premium. This can be quite beneficial for those who have limited financial means and still desire to protect their family’s financial future.
Financial Security for Family
The life cover benefit helps in securing your dependents’ financial future. The payout from the plan can be flexibly used to provide funding for children’s education, paying off outstanding debt, and also for covering living expenses.
Tax Exempt Payouts
The death benefit payout of a term plan are tax-exempt in general under Section 10(10D) of the Income Tax Act, irrespective of the tax regime chosen by the policy beneficiary. For policies issued on or after 1st April 2023, the annual policy premium should not exceed 10% of the sum assured for the death benefit payout to be tax-exempt.

The short list of benefits mentioned above show how a term insurance plan of 10 Lakh can be a smart and effective way to secure your family's financial future.

Is 10 Lakh Term Insurance Coverage Enough?

A ₹10 lakh term insurance policy can protect family your family financially. However, whether the sum assured is sufficient or not depends on your income, financial responsibilities, outstanding liabilities, and long-term financial goals. You should evaluate the proposed life cover to determine whether it can adequately support your family's future needs.

When ₹10 Lakh Cover is Sufficient

A ₹10 lakh term insurance plan may be suitable for people who habe limited financial responsibilities. It is also accurate for those who are looking for basic life cover. Whether you should opt for it or not depends on your situation.

Some situations when you can consider buying a ₹10 lakh term insurance are as follows:

You have minimal outstanding loans or financial liabilities.
You don’t have too many financial dependents.
You wish to add additional coverage to your existing life insurance plans.
You need an affordable entry-level life insurance policy.

A cover of ₹10 lakh can provide some financial support in the short term. However, you should analyse whether it would be enough to fulfill your family’s financial needs in the future or not.

When You Need Higher Coverage

If you have significant long-term liabilities, a ₹10 lakh term insurance policy might not be able to provide sufficient financial protection. In that case, you should consider a higher sum assured.

Here are some situations when ₹10 lakh insurance policy plans might not be sufficient:

You have a dependent spouse, children, or financially dependent parents.
You have outstanding home loans, education loans, or other long-term debts.
You want to provide for your children’s future expenses, such as higher education, marriage, etc.
You earn a high annual income and need a sum assured that can replace your income for your family.

Choosing an appropriate life cover should be based on your overall financial responsibilities rather than the premium alone. Hence, you should consider your situation carefully before deciding a suitable life cover.

Income Replacement Rule

A practical way to evaluate the life insurance cover you need is to figure out your income replacement requirements. The sum assured should be sufficient for your family to meet regular expenses, pay bills, and manage financial commitments in your absence.

You should first review your income, liabilities, existing assets, and long-term goals. Then, you can decide whether a ₹10 lakh term insurance would meet the requirements in the future. If the amount appears to be insufficient, you can choose a higher sum assured.

Pick a Sum Assured That Fits Your Needs

5lakh

Term Insurance

25lakh

Term Insurance

30lakh

Term Insurance

50lakh

Term Insurance

75lakh

Term Insurance

1Crore

Term Insurance

Check Premium

How to Choose the Best 10 Lakh Term Insurance Plan?

Below are some of the key factors that one should consider when choosing a suitable 10 lakh term insurance policy to purchase:

Duration of the Coverage: Confirm that the policy tenure matches your protection needs related to various life goals, such as income replacement or paying off long-term debts.
Premium Affordability: Choosing a 10 Lakh term insurance policy means that the premium will be affordable however, it should be weighed against whether 10 lakh is sufficient cover for your family’s future financial needs.
Customisation options: You can add optional riders and add-ons to get additional protection against eventualities such as critical illness, accidental death, etc. that might help enhance your plan’s coverage.
Claim Settlement Ratio: Opt for an insurance provider with a high claim settlement ratio i.e. individual death claim paid ratio. This is designed to ensure that your family receives the payout in their time of need with minimal hassles in the event of your untimely demise.

Factors Affecting ₹10 Lakh Term Insurance Premium

A number of risk factors are used to calculate ₹10 lakh term insurance premium. The coverage amount remains the same, but the premium amount may differ from individual to individual. This is because the premium depends on the applicant’s situation and underwriting evaluation.

✓

Age of Applicant

Age is one of the most important factors influencing the ₹10 lakh life insurance premium. Individuals who purchase a policy at a younger age generally pay lower premiums as they have a lower life risk.

✓

Health Condition

Insurers consider the applicant’s current health and medical history during underwriting. If they have a pre-existing health condition or a higher health risk profile, they may be charged a higher premium.

✓

Smoking Habits

Smoking and tobacco use are identified as high-risk lifestyle practices. Therefore, smokers are likely to pay higher premiums than non-smokers for the same life insurance coverage.

✓

Policy Duration

Selection of the policy term can also impact the premium amount. Long term policies indicate longer protection which may impact the total premium amount. However, it also depends on the applicant's age and the insurance company's pricing method.

✓

Occupation

Some occupations are riskier than others, and may attract higher premiums. Applicants who work in hazardous professions may need to pay higher premiums than persons employed in comparatively low-risk occupations. You should compare policy features, coverage options, and premium quotes from the insurer before purchasing ₹10 lakh insurance policy plans. This helps ensure that the selected policy provides suitable financial protection while meeting your long-term insurance needs.

Who Should Buy a 10 Lakh Term Insurance Plan?

The life insurance cover one needs depends on one’s personal and financial responsibilities. A ₹10 lakh term insurance plan could be appropriate if a person does not have too many financial responsibilities. It can also be suitable if they want a simple life cover.

Following individuals may consider buying a term insurance 10 lakh plan

🎯

Young Working Professionals

Young working professionals can consider ₹10 lac term insurance as an entry-level life cover. By purchasing a policy early, they can attract lower premium rates. This ensures that they develop an early financial safety net for future obligations.

⚖

Individuals with Few Financial Dependents

A ₹10 lakh cover can be sufficient for people with few financial dependents. It can offer minimal financial support to their family. However, if their duties increase later, they can analyse the adequacy of the life cover and take necessary actions.

👪

First-Time Insurance Buyers

A ₹10 lakh insurance policy plan can be a good starting for first-time policyholders. Policyholders should understand the advantages of life insurance to provide financial security to their families in crisis.

💼

Self-Employed Individuals

₹10 lac term insurance is ideal for independent professionals or freelancers looking for affordable life cover. They may not always get a fixed income. Hence, an entry level policy could give their family financial safety in their absence. They can purchase a term plan with a high sum assured later when their income or responsibilities increases.

10 Lakh Term Insurance vs Other Life Insurance Plans

Below is a comparison of the key features of a Rs.10 Lakh term insurance plan vs other popular life insurance schemes:

Feature	10 Lakh Term Insurance	Whole Life Insurance	Endowment Insurance
Coverage Amount	Rs. 10 Lakh	Differs according to plan chosen	Differs according to the plan chosen
Premium Amount	Very Affordable	Relatively High	Higher than comparable term plans
Duration	Fixed term (usually extends up to 85 years of age)	Lifetime i.e. up to age of 100 years	Fixed term
Death Benefit	Lump sum payout	Lump sum payout + savings	Lump sum payout + savings
Tax Benefits	Section 80C benefit on opting for the old tax regime	Section 80C benefit on opting for the old tax regime	Section 80C benefit on opting for the old tax regime

While a 10 Lakh term insurance policy might offer a very affordable way to secure your family’s future finances, the downside of such a plan is the relatively low payout on offer. In view of the current inflationary trend a higher sum assured such as 1 crore or higher would definitely offer superior protection for your loved ones.

Online Insurance Plans of Axis Max Life Insurance

Axis Max Life Smart Secure Plus Plan
In case of your demise during policy term, your family will receive a comprehensive death benefit for your family
To assist you achieve your life goals, there are guaranteed maturity advantages, income benefits, and guaranteed additions
Lump sum, short-term, long-term, and whole-life income options with distinctive benefits are available
Know more
Axis Max Life Smart Wealth Plan
Comprehensive death benefit for your family member(s) in case of your unfortunate demise during policy term
Guaranteed maturity benefits/Income benefit and accrued guaranteed additions to help meet your life goals
Multiple variants - lump sum, short term income, long term income, and whole life income with unique benefits
Know more
Short Term Income
Guaranteed income benefit at the end of the policy term based on the chosen frequency for the payout period
Lumpsum guaranteed death benefit payable to the nominee after the death of the life insured during policy term
Multiple premium payment tenure and policy period options to fit your profile and specific requirements
Know more
Long-Term Income
Guaranteed income benefit for 25 or 30 years after the policy period ends, as per the sub variant selected
Terminal benefit that equals total premiums paid, post completion of the payout period payable to nominee
Two premium payment options - 6 and 10 years to be chosen as per suitability of the plan for your needs
Know more
Term Plan with Return of Premium
Option to receive the premiums paid back on successful survival of the insured till end of policy term
Death benefits for your family members in case of any eventuality leading to the loss of your life
Limited pay options to pay for term plans with return of premium - 5 Pay, 10 Pay, 12 Pay, 15 Pay, or 60 Pay
Know more
Axis Max Life Critical Illness and Disability Rider
Additional protection against up to 64 critical illnesses depending on the rider variant you select
Total and Permanent Disability Cover on the occurrence of disability arising from sickness or injury
Wellness benefit to avail a discount on annualised renewal premiums as per healthy weeks you accumulate
Know more
Axis Max Life Waiver of Premium Plus Rider
Waiver of all future premiums in case of the covered dismemberment so that you can live worry-free
Future premiums waiver in case you suffer from critical illnesses as specified in the rider terms
Continued benefits of the base policy to give you peace of mind about maintaining various life expenses
Know more

Frequently Asked Questions

What is the best age to purchase a Rs. 10 Lakh term insurance policy?

It is recommended that you buy a Rs. 10 Lakh term insurance policy at an early stage. If you are young and healthy, your premium is generally lower. A term plan can currently be purchased as soon as you are 18 years old.

Can I raise my coverage from Rs. 10 Lakh to a higher figure at a later time?

Typically, insurers do not provide the option to increase the life cover amount after a policy comes into effect. However, do reach out to your insurance company if such an option is available in the case of your specific plan.

Are there any tax advantages on Rs. 10 Lakh term insurance premiums?

Yes, as per current tax rules, premiums paid for term insurance plans are tax-deductible under Section 80C of the Income Tax Act up to Rs. 1.5 Lakh annually, provided one has opted for the old tax regime. But, in case you have opted for the new tax regime, this tax benefit cannot be availed.

What if I discontinue premium payments on my Rs. 10 Lakh term plan?

Term insurance policies usually lapse if premiums are not paid during the grace period and all benefits available under the base plans plus riders (if availed) are lost. However, if you pay all due premiums for your policy during the grace period, there will be no adverse impact on the policy benefits.

Is a medical test mandatory for a Rs. 10 Lakh term insurance policy?

Medical tests are often mandatory based on your age, health, and the underwriting rules of the insurer. Do check with your prospective insurer regrading applicability in your specific case.

Is a ₹10 lakh term insurance plan enough for a family?

Whether a ₹10 lakh term insurance plan is sufficient for a family or not depends on several factors. These include the family's financial needs, total income of the earning members, outstanding liabilities, and long-term goals. It may provide a family with basic financial support. However, individuals with higher income, multiple dependents, or significant financial commitments may require a higher life cover to ensure adequate income replacement.

Can salaried and self-employed individuals buy a ₹10 lakh term insurance plan?

Yes, both salaried and self-employed individuals can purchase a ₹10 lakh term insurance plan. However, they should satisfy the insurer's eligibility and underwriting requirements. Applicants should submit their identity proof, income proof, and other supporting documents to buy the term plan. Further, the insurer may request additional information based on the proposed life cover.

Is a medical test required for a ₹10 lakh term insurance plan?

Whether a medical examination is required for a ₹10 lakh term insurance plan or not depends on certain factors. These include the applicant’s health condition, medical history, occupation, lifestyle as well as the insurer’s underwriting standards. Some insurers would provide a term insurance policy of ₹10 lakh without a medical test. In other situations, the insurer could recommend a medical test before accepting the proposal.

Can I add riders to a ₹10 lakh term insurance plan?

Yes, you can enhance your ₹10 lakh term insurance cover by purchasing extra riders at an additional premium. Some common riders include accidental death benefit rider, critical illness cover, waiver of premium rider, return of premium rider, accidental death or dismemberment rider, etc. You can choose the rider as per your preference, depending on the policy terms.

ARN NO: PCP/10LTIP/060525

1)^*On payment of additional premium

2)^*^*On payment of additional premium. Upon policyholder's selection of Return of Premium variant, this product shall be a Non-Linked & Non participating Individual Life Insurance Saving Plan

3)^#Applicable riders available on the payment of Additional Premium are Axis Max Life Critical Illness & Disability Rider | Non-Linked Non Participating Individual Pure Risk Premium Health Insurance Rider| UIN 104b033V02 and Axis Max Life Waiver of Premium Plus Rider | A Non-Linked Non Participating Individual Pure Risk Premium Health Insurance Rider | UIN 104B029V05

4)^#^#Available at an additional premium for policies with Policy Term greater than 30 years & premium payment term greater than 21 years. Option to skip paying premium for 12 months, 2 premium breaks will be available during the Premium Payment Terms separated by interval of at least 10 years.

Customer Reviews

Axis Max Life Term Insurance Plan

“Subodh Mishra helped me a lot in getting the money. He personally collected the documents and helped me at every step. I am extremely thankful to him and I would like to buy another Axis Max lIfe policy in future”

Subodh Mishra

Axis Max Life Term Insurance Plan

“I already have a policy and buying this was a nice experience. This is according to my requirement. Completely satisfied with details shared by customer care executive before purchasing the policy.”

Gaurang Kumar Pawar

Axis Max Life Term Insurance Plan

“I visited Amritsar branch after the demise of my son. My family was not left with a single penny and it was getting impossible to make the ends meet. Vinay Sharma gave me the right direction and helped me at every step to receive the claim amount and gave a source of income to my family. I thank him and bless him from the bottom of my heart.”

Vinay Sharma

Share your Valuable Feedback

4.3

Rated by 1919 customers

Was the Information Helpful?

Very Good

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Do you have any thoughts you’d like to share?

Easy To Use Calculators For You

Share your Valuable Feedback

4.3

Rated by 1919 customers

Was the Information Helpful?

Very Good

Age of Male Applicant	Premium Amount for Rs. 75 lakh Term Plan		Premium Amount for Rs. 1 crore Term Plan		Premium Amount for Rs. 1.5 crore Term Plan		Premium Amount for Rs. 2 crore Term Plan
Age of Male Applicant	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker
18 Years (PPT: 67 years)	1675/Month Total Premium: 12.75 lakh	930/Month Total Premium: 7.08 lakh	1,674/Month Total Premium: 12.74 lakh	930/Month Total Premium: 7.08 lakh	2,511/Month Total Premium: 19.11 lakh	1,395/Month Total Premium: 10.62 lakh	3,069/Month Total Premium: 23.36 lakh	1,705/Month Total Premium: 12.98 lakh
25 Years (PPT: 60 years)	2,213/Month Total Premium: 15.08 lakh	1,229/Month Total Premium: 8.38 lakh	2,292/Month Total Premium: 15.62 lakh	1,273/Month Total Premium: 8.68 lakh	3,438/Month Total Premium: 23.43 lakh	1,910/Month Total Premium: 13.02 lakh	4,138/Month Total Premium: 28.21 lakh	2,299/Month Total Premium: 15.67 lakh
35 Years (PPT: 50 years)	3,582/Month Total Premium: 20.35 lakh	1,990/Month Total Premium: 11.30 lakh	4,007/Month Total Premium: 22.76 lakh	2,226/Month Total Premium: 12.64 lakh	6,011/Month Total Premium: 34.15 lakh	3,339/Month Total Premium: 18.97 lakh	6,821/Month Total Premium: 38.75 lakh	3,790/Month Total Premium: 21.53 lakh
45 Years (PPT: 40 years)	6,722/Month Total Premium: 30.55 lakh	3,734/Month Total Premium: 16.97 lakh	7,395/Month Total Premium: 33.61 lakh	4,108/Month Total Premium: 18.67 lakh	11,093/Month Total Premium: 50.42 lakh	6,163/Month Total Premium: 28.01 lakh	14,390/Month Total Premium: 65.40 lakh	7,994/Month Total Premium: 36.33 lakh
55 Years (PPT: 30 years)	13,121/Month Total Premium: 44.73 lakh	7,289/Month Total Premium: 24.85 lakh	15,303/Month Total Premium: 52.16 lakh	8,502/Month Total Premium: 28.98 lakh	12,955/Month Total Premium: 78.25 lakh	12,753/Month Total Premium: 43.73 lakh	30,006/Month Total Premium: 102.29 lakh	16,670/Month Total Premium: 56.83 lakh
60 Years (PPT: 25 years)	18,963/Month Total Premium: 53.87 lakh	10,535/Month Total Premium: 29.92 lakh	22,272/Month Total Premium: 63.27 lakh	12,373/Month Total Premium: 35.15 lakh	33,408/Month Total Premium: 94.90 lakh	18,560/Month Total Premium: 52.72 lakh	43,123/Month Total Premium: 122.50 lakh	23,957/Month Total Premium: 68.06 lakh

Age of Female Applicant	Premium Amount for Rs. 75 lakh Term Plan		Premium Amount for Rs. 1 crore Term Plan		Premium Amount for Rs. 1.5 crore Term Plan		Premium Amount for Rs. 2 crore Term Plan
Age of Female Applicant	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker
18 Years (PPT: 67 years)	1,424/Month Total Premium payable: 10.83 lakh	791/Month Total Premium payable: 6.02 lakh	1,423/Month Total Premium payable: 10.83 lakh	790/Month Total Premium payable: 6.01 lakh	2,134/Month Total Premium payable: 16.24 lakh	1,185/Month Total Premium payable: 9.02 lakh	2,608/Month Total Premium payable: 19.85 lakh	1,449/Month Total Premium payable: 11.03 lakh
25 Years (PPT: 60 years)	1,881/Month Total Premium payable: 12.82 lakh	1,045/Month Total Premium payable: 7.12 lakh	1,948/Month Total Premium payable: 13.28 lakh	1,082/Month Total Premium payable: 7.37 lakh	2,922/Month Total Premium payable: 19.92 lakh	1,623/Month Total Premium payable: 11.06 lakh	3,518/Month Total Premium payable: 23.98 lakh	1,954/Month Total Premium payable: 13.32 lakh
35 Years (PPT: 50 years)	3,045/Month Total Premium payable: 17.29 lakh	1,691/Month Total Premium payable: 9.61 lakh	3,406/Month Total Premium payable: 19.35 lakh	1,892/Month Total Premium payable: 10.75 lakh	5,109/Month Total Premium payable: 29.02 lakh	2,838/Month Total Premium payable: 16.12 lakh	5,798/Month Total Premium payable: 32.94 lakh	3,221/Month Total Premium payable: 18.30 lakh
45 Years (PPT: 40 years)	5,714/Month Total Premium payable: 25.97 lakh	3,174/Month Total Premium payable: 14.42 lakh	6,286/Month Total Premium payable: 28.57 lakh	3,492/Month Total Premium payable: 15.87 lakh	9,429/Month Total Premium payable: 42.85 lakh	5,238/Month Total Premium payable: 23.81 lakh	12,232/Month Total Premium payable: 55.59 lakh	6,795/Month Total Premium payable: 30.88 lakh
55 Years (PPT: 30 years)	11,153/Month Total Premium payable: 38.02 lakh	6,196/Month Total Premium payable: 21.12 lakh	13,008/Month Total Premium payable: 44.34 lakh	7,226/Month Total Premium payable: 24.63 lakh	19,511/Month Total Premium payable: 66.51 lakh	10,840/Month Total Premium payable: 36.95 lakh	25,506/Month Total Premium payable: 86.95 lakh	14,170/Month Total Premium payable: 48.30 lakh
60 Years (PPT: 25 years)	16,119/Month Total Premium payable: 45.79 lakh	8,955/Month Total Premium payable: 25.43 lakh	18,931/Month Total Premium payable: 53.78 lakh	10,517/Month Total Premium payable: 29.87 lakh	28,397/Month Total Premium payable: 80.67 lakh	15,776/Month Total Premium payable: 44.81 lakh	36,655/Month Total Premium payable: 104.13 lakh	20,364/Month Total Premium payable: 57.85 lakh

10 Lakh Term Insurance Plan - A Complete Guide

Axis Max Life Term Insurance Plans

Why Should You Buy a 10 Lakh Term Insurance Plan?

How Does a 10 Lakh Term Insurance Plan Work?

Term Plan Calculator

Benefits of Buying a 10 Lakh Term Insurance Plan

Affordable Premiums

Financial Security for Family

Tax Exempt Payouts

Is 10 Lakh Term Insurance Coverage Enough?

Pick a Sum Assured That Fits Your Needs

How to Choose the Best 10 Lakh Term Insurance Plan?

Factors Affecting ₹10 Lakh Term Insurance Premium

Age of Applicant

Health Condition

Smoking Habits

Policy Duration

Occupation

Who Should Buy a 10 Lakh Term Insurance Plan?

Following individuals may consider buying a term insurance 10 lakh plan

Young Working Professionals

Individuals with Few Financial Dependents

First-Time Insurance Buyers

Self-Employed Individuals

10 Lakh Term Insurance vs Other Life Insurance Plans

Online Insurance Plans of Axis Max Life Insurance

Frequently Asked Questions

What is the best age to purchase a Rs. 10 Lakh term insurance policy?

Can I raise my coverage from Rs. 10 Lakh to a higher figure at a later time?

Are there any tax advantages on Rs. 10 Lakh term insurance premiums?

What if I discontinue premium payments on my Rs. 10 Lakh term plan?

Is a medical test mandatory for a Rs. 10 Lakh term insurance policy?

Is a ₹10 lakh term insurance plan enough for a family?

Can salaried and self-employed individuals buy a ₹10 lakh term insurance plan?

Is a medical test required for a ₹10 lakh term insurance plan?

Can I add riders to a ₹10 lakh term insurance plan?

Customer Reviews

Axis Max Life Term Insurance Plan

Axis Max Life Term Insurance Plan

Axis Max Life Term Insurance Plan

Share your Valuable Feedback

4.3

We would like to hear from you

Easy To Use Calculators For You

How much term cover do I actually need?

How much would your family need?

See how the latest budget on 1 February, 2020 impacts your tax calculation.

Term Insurance Articles

Term Insurance Comparison

Top term insurance myths

Is term insurance an investment or an expense ?

Share your Valuable Feedback

4.3

Popular Searches

DISCLAIMERS