Best Term Insurance Plan for ₹2 Crore in India (2025 Guide)

What is the Best ₹2 Crore Term Insurance Plan?

A ₹2 crore term insurance plan offers affordable, high-value protection for families, helping cover long-term goals, EMIs, and rising living costs. Some of the best ₹2 crore term plans in India include Axis Max Life Smart Term Plan Plus, ICICI Prudential iProtect Smart Plus, and HDFC Life Click 2 Protect Supreme. These plans offer strong coverage, flexible riders like critical illness and disability benefits, and competitive premiums.

Introduction

If you’ve ever wondered whether you should opt for a ₹1 crore or a ₹2 crore term insurance plan, you’re not alone. As expenses rise, families today want to ensure they are financially secure, regardless of the circumstances. And naturally, the question comes up: “Is a ₹2 crore term plan the right choice for me?” This blog breaks down exactly that. 

Secure your family’s future with personalised advice. Book a free call with Ditto’s experts and choose the perfect ₹2 crore term insurance plan today.

What Is a ₹2 Crore Term Insurance Plan?

A ₹2 crore term insurance plan is a pure protection life insurance policy that ensures your family receives a lump sum payout of ₹2 crore in case of your unfortunate demise during the policy term.

How Does a ₹2 Crore Term Insurance Plan Work?

It works just like any term plan. You pay regular premiums, and your family gets a ₹2 crore payout if you pass away during the policy tenure.

But here’s the key difference: A ₹2 crore plan offers double the cover for only about 1.6x to 1.8x the premium, making it more cost-efficient than buying a ₹1 crore plan. We’ll cover this premium comparison in the later sections of this blog.

₹2 Crore Term Insurance Plans And Their Features

Before we discuss the list, here’s how we decide what plans to feature.

At Ditto, every term plan goes through our six-point evaluation framework. It doesn’t mean these are the only good plans, but that they stand out after being scored across all six pillars.

You can learn more about how we evaluate term insurance plans here.

How is a ₹2 Crore Plan Different From a ₹1 Crore Plan?

In India, ₹1 crore was once considered “enough”, but with rising living costs, education inflation, and housing expenses, ₹2 crore is fast becoming the new norm for adequate coverage. Naturally, this shift also highlights that the key difference between a ₹1 crore and a ₹2 crore plan is simply the higher Sum Assured, as the core features, benefits, and riders typically remain the same.

Premium Comparison for a ₹2 Crore Term Insurance Plan

For this premium comparison, let us consider the example of a non-smoking male with no PEDs, covered for a sum assured of ₹1 crore till the age of 65. 

Now, let us compare the cost of the same plans if we were to take a cover of ₹2 crore.

Inference: A ₹2 crore cover does not cost twice as much. The premiums increase by approximately 60-90%. This makes higher coverage extremely cost-effective.

But, how should you decide how much term insurance cover you need? 

Factors to Be Considered Before Buying the Best Term Insurance Plan for 2 Crore

Here’s a list of factors to consider before buying a plan:

• Your Annual Income
• Existing Liabilities
• Current Lifestyle and Future Expenses
• Medical History and Habits

If you’d like to calculate your cover requirement, you can use the cover calculator on the website. It accounts for everything from your age and income to your monthly expenses.

Who Should Buy a 2 Crore Term Insurance Plan?

A ₹2 crore cover makes sense for individuals with dependents, such as spouses, children, or aging parents, and for people carrying long-term EMIs, particularly home loans. This higher coverage also helps families plan for future education costs, with MBA, engineering, or medical degrees often incurring expenses of ₹50-80 lakh in the coming years. Additionally, those living in metro cities, where day-to-day expenses and long-term financial commitments are significantly higher, benefit the most from opting for a ₹2 crore term insurance plan.

Is ₹2 Crore Term Insurance the Right Choice for You? Ditto’s Take

Just like with most things, there’s no one-size-fits-all solution when it comes to term insurance. A ₹2 crore cover can feel like overkill if you’re single with no dependents, but for a young family, it usually hits the sweet spot. As your income grows, especially once you cross the ₹20 lakh mark, and your responsibilities expand, that ₹2 crore starts to look a bit small. In those cases, bumping your cover to somewhere between ₹3-5 crore often makes a lot more sense for long-term peace of mind.

If you’d like to determine the ideal term insurance coverage for you, you can schedule a free consultation call with us, and we'll be happy to assist you.

Why Choose Ditto for Term Insurance?

At Ditto, we’ve assisted over 8,00,000 customers with choosing the right insurance policy. Why customers like Vijay below love us:

• No-Spam & No Salesmen
• Rated 4.9/5 on Google Reviews by 15,000+ happy customers
• Backed by Zerodha
• Dedicated Claim Support Team
• 100% Free Consultation

Confused about the right term insurance? Speak to Ditto’s certified advisors for free, unbiased guidance. Book your call now, slots fill up fast!

Conclusion

A ₹2 crore term insurance plan is one of the smartest financial decisions for anyone with dependents and long-term financial goals. It protects your family, covers rising expenses, and gives you the peace of mind that your family’s future is secure.

Just remember to choose the right insurer, the right riders, and the right coverage for your income and lifestyle.