The cost of a 1 crore term insurance policy will depend on a variety of factors such as your age, medical history, smoking status, profession, and so on. Generally, it is expected that the premium will be higher if you are an older applicant. Smokers will also typically pay higher premiums. It is important to note that the cost of term insurance policies can vary significantly from insurer to insurer.
It is advisable to get quotations from different insurers and compare their offerings before deciding on which insurance policy to go for. An online term calculator can be used to easily compare the different insurers and make a more informed decision.
The exact premium cost will also depend on the type of coverage you’re looking for, i.e. the number of years for which you plan on availing the policy. As a rule of thumb, the more the number of years the policy is expected to cover, the higher will be the premium cost.
Therefore, it is not possible to provide a definitive answer about the cost of a 1 crore term insurance policy without taking into consideration the relevant personal information such as age, medical history, smoking status, and profession. However, with a bit of research and comparison, it should be possible to get a good idea of the cost of a 1 crore term insurance policy.