• Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

What is ₹ 30 lakh Term Insurance?

What is Rs. 30 lakh term insurance? It's an insurance policy that provides life coverage. If anything happens to you during the policy term, your loved ones receive a payout of Rs. 30 lakhs. The amount helps your family maintain financial stability at a difficult time. The term insurance plan ensures you always look after your family, regardless of what happens to you.

To delay is to regret

You may not always be around to take care of your family. And that’s when a term plan ensures your family is well protected.

Life Cover of 30 Lakh @ Rs 16/day***

Term Insurance


We respect our customers' privacy and do not spam them.

I authorize HDFC Life and its representatives to contact me through Call, Email, SMS or WhatsApp. This consent overrides my registration under DNC / NDNC (this would mean we would contact you even if you are registered on any Do Not Disturb list).

Term Insurance

Why Do I Need Rs 30 Lakh Term Insurance?

30 Lakhs Term Insurance
March 05, 2024


Most of us work hard each day to enjoy financial safety and security in the future. A term plan allows you to safeguard your family’s future even if something happens to you. Let’s understand how a Rs. 30 lakh term insurance plan can protect your family’s financial future.

What Is a Rs. 30 Lakh Term Insurance?

A Rs. 30 lakh term plan provides life coverage of Rs. 30 lakhs for the policy term. If anything happens to the policyholder while the plan is active, the beneficiary receives the payout of Rs. 30 lakhs.

Why Buy Rs. 30 Lakh Term Insurance?

Individuals should consider purchasing a Rs. 30 lakh term plan to secure their family’s financial future. Ideally, the sum assured should be around 10 or 15 times your current annual salary. Unfortunately, a Rs. 30 lakh plan may not help replace your lost income. However, if you have another plan with a high cover, it could offer your loved ones additional monetary support when they need it most. Individuals may choose a plan worth Rs. 30 lakhs if they need to pay off debts or if their financial liabilities suddenly increase.

How Does a Rs. 30 Lakh Term Plan Work?

Let’s understand how a Rs. 30 lakh term plan works by looking at an example. At 29, Anita purchases a Rs. 2 crore term policy for 35 years. It will cover her until she expects to retire. At 35, Anita decides to buy a home. She takes a loan worth Rs. 30 lakhs. Anita bought the property for herself and her parents, who were retired. She knew that if anything happened to her, her original term plan would not be enough for her parents to maintain their standard of living and repay the loan. So, she purchased a new Rs. 30 lakh term plan for a tenure of 15 years. If anything happens to her during this time, her parents will receive a payout from each plan. They can use the first amount for their daily expenses and the second to pay off any outstanding debt.

What Are the Benefits of Rs. 30 Lakh Term Insurance?

Term plans worth Rs. 30 lakhs offer:

  • Affordable premiums
  • Premium payment flexibility
  • Customisation of plans through the purchase of add-ons
  • Tax benefits as per the laws of the Income Tax Act*
  • Financial security for your loved ones

How to Choose the Right Rs. 30 Lakhs Term Insurance Plan

Identifying the ideal term plan requires a lot of thought. You should consider the following crucial elements before selecting a policy:

  • Premiums

    Compare the premiums and benefits offered by various companies before making a decision.

  • Claim Settlement Ratio

    Ensure the company has a high claim settlement ratio. If everything else remains equal, select the policy from the company with a higher ratio.

  • Add-ons

    Look for add-ons or riders that meet your lifestyle needs and boost your coverage.

Frequently Asked Questions

Q: What are the eligibility criteria to purchase a Rs. 30 lakh term plan?

A: Individuals between 18 and 65 who are currently working can buy a term plan with coverage of Rs. 30 lakhs.

Q: What is the premium amount for a term plan offering coverage of Rs. 30 lakhs?

A: Various factors, including the insured's age, medical history, and chosen tenure, impact the premium amount.

Q: What happens if I survive the policy tenure?

A: Your coverage ends once the term plan reaches maturity. You do not receive any payouts or benefits. However, if you chose a Return of Premium policy, you will get the premiums back on maturity.

Q: How can I purchase a Rs. 30 lakh term plan?

A: You can purchase a term policy worth Rs. 30 lakhs directly from our website.

Related Article

ARN - ED/04/23/1702

Talk to an Advisor right away

Not sure which insurance to buy?

Talk to an
Advisor right away

Talk to an Advisor right away

We help you to choose best insurance plan based on your needs

Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile

Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile

Reviewed By Reviewed By:
HDFC life
HDFC life


Reviewed by Life Insurance Experts


We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

##As per the number declared in the investor presentation. View here.

#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved

^ Available under Life & Life Plus plan options

*As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

*** Online Premium for Life Option, Male Life Assured, Non-Smoker, 20 years of age, Policy term of 40 years, Regular pay, Monthly frequency, exclusive of taxes and levies as applicable.  (Monthly premium of Rs. 463 and daily premium of Rs. 16