evidence: One of the major benefits of a term insurance plan is the affordability of premium. It is possible to get a cover of 1 crore Term Insurance without spending a huge amount. Term insurance premiums purely reflect the risk of covering the life of the policyholder. For Non-smokers, premiums are lesser. Insurance companies also charge lesser premiums for healthy policyholders. Women policyholders typically enjoy lesser premiums than men. All these factors make it possible for people to opt for higher covers without it breaking the bank. [...] A 1 crore term insurance plan pays a benefit amount or sum assured of ₹1 crore to your family members on your unfortunate demise. Term insurance plans that give a sum assured of 1 crore are an increasingly popular choice among buyers as they tend to have affordable premium rates and provide ample financial support in times of distress. [...] Assured / Insured Insured/assured is the person who is legally entitled to avail benefits covered under a policy