For people aged between 18 and 60 years, a life insurance plan is available with premiums starting as low as ₹20 per day. But if you look at it monthly, the premium comes to only ₹5.48 per day.
This plan is mainly designed for middle-class families so they can secure their loved ones with high coverage at a very affordable premium.
Many families often avoid buying insurance thinking it is expensive. But with this policy, you can get ₹40 lakh coverage with a very small daily investment.
According to insurance industry experts, this plan has become extremely popular because it offers:
High coverage
Low premium
Long-term financial protection
Benefits up to ₹40 lakhs
Simple procedures
This is especially useful for people between 18-60 years of age. Insurance companies are promoting this plan heavily because it provides financial security for the common man.
In today's unpredictable world, securing your family's future is essential. This scheme offers life coverage that helps your family stay financially strong even in your absence.
If something unfortunate happens, your family can receive up to ₹40 lakhs, which can help with:
Children's education
Household expenses
Loan repayments
Medical costs
Long-term financial stability
Age limit: 18 to 60 years
Minimum policy term: 5 years
Maximum policy term: Up to 40 years (depending on age)
Starting from: ₹5.48 per day
For higher coverage, premium increases accordingly
Minimum: ₹20 lakhs
Maximum: ₹70 lakhs
Customers between 18-40 years get more benefit because the premium remains low.
This plan is ideal for:
Salaried employees
Small business owners
Self-employed individuals
Parents with young children
Anyone seeking large coverage at a small premium
For example: If a person aged 30 purchases a policy of ₹40 lakhs, the premium remains very affordable.
According to financial advisors, around 40% of Indian families still do not have life insurance. With unexpected health issues and rising financial responsibilities, a policy like this provides:
Peace of mind
Quick claim settlement
Large financial support
Security for dependents
For families with children, this policy ensures a safe future even if the earning member is no longer around.
A person aged 35 years opting for a ₹20 lakh policy for a term of 20 years will pay around:
Annual premium: ₹1,556
Daily cost: ₹5.48
For a lower age group (18-30 years), premiums are even cheaper.
Death benefit paid directly to nominee
Tax benefits under Section 80C
Long-term protection up to 40 years
Low entry premium makes it easy to start early