₹25 Lakh Term Insurance Plan

A ₹25 Lakh Term Insurance Plan offers powerful life protection. Learn about the benefits, eligibility, and how it protects your family. 

Buy ₹25 Lakh Term Insurance Plan to Protect Your Family

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Daina Mathew - BFSI Content ariter

Written by : Daina Mathew

Rishi Mathur - BFSI Content Reviewer

Reviewed by : Rishi Mathur

Rishi Mathur - BFSI Content Reviewer

Rishi Mathur

Chief Distribution Officer – Alternate Channels & Chief Marketing Officer
With 5 years of experience in the insurance industry, she brings a nuanced understanding of its complexities to her writing. Her expertise allows her to craft clear, insightful content that makes intricate insurance topics accessible and engaging.

Last published : 2026-10-21

Last modified : 2026-10-21

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Why Choose Canara HSBC Life Insurance?

At Canara HSBC Life Insurance, protecting your family's dreams is a promise we take seriously. Backened by the strength of Canara bank and HSBC , our term insurance plans offer high life cover at an affordable premium, So your loved ones stay financially secure even when you're not around. From paying off loans to funding your childrens education, a term insurance plan acts as a safety not for life's and uncertanities. We follow IRDAI guidelines at every step, from buying your policy to settling a claim, because honesty is the foundation of every promise we make. 

 

₹1 Crore Term Insurance

₹1 Crore Term Insurance

from ₹600 Per Month**

99.52% Claims Settled

99.52% Claims Settled

Individual Death Claims settled for FY 2025 - 2026^

Save 18% GST on Your Premium

Save 18% GST on Your Premium

Save on Tax up to ₹46,800

Special Discount

Special Discount

For Salaried Employees

Are you looking to build a secure future for your family through insurance, but are unsure where to begin? A ₹25 lakh term insurance plan is a smart, affordable way to protect your loved ones. It offers low premiums, essential coverage, and fixed payouts that provide a financial net during uncertainties.

Key Takeaways

  • A ₹25 lakh term plan is ideal for young professionals or families with modest financial needs

  • It provides enough cover for daily expenses and small debts without expensive premiums

  • Riders can add value to your plan, offering protection from critical illness or accidents

  • Term insurance calculators help find the most affordable and suitable plan for your goals

  • Canara HSBC Life Insurance offers high claim settlement, flexibility, and a reliable online purchase

What is a ₹25 Lakh Term Insurance Plan?

A term insurance plan for ₹25 lakh provides a fixed life cover of ₹ 25 lakh for a limited time. This financial support can help your family manage essential expenses like daily living costs and children’s education. It ensures your loved ones are financially protected in your absence. Premiums are generally affordable, making it a cost-effective way to secure your family's future. You can also enhance the plan with add-ons like critical illness or accidental death benefits.

Calculate Term Insurance Premium

A term insurance calculator is a useful online tool that can help you estimate the amount of life cover you may need based on factors such as your income, existing cover, liabilities, and financial responsibilities. It can also give you an indicative idea of the additional cover required to protect your family's financial needs.

Calculate Term Insurance Premium

A term insurance calculator is a useful online tool that helps you determine how much coverage you need based on your income, lifestyle, and family’s needs.

1
My Income
2
My current Cover
3
Additional Details
4
Our Recommendation
My Income
My current Cover
Additional Details
Our Recommendation
Total Life Cover Recommended
50 Lakh
12.5 Lakh
75 Lakh
Zero
1 Crore
Where do you stand
Additional Life Cover
Hi {name}
To secure your family’s financial future and protect their dreams,
you’ll need an additional cover of
rs 10,000
Note: This is a very brief calculation of HLV
Secure Now
Recalculate
Disclaimer-

The above calculation and illustration of figures are indicative only and not on actual basis.

Why Buy a ₹25 Lakh Term Insurance Plan?

A ₹25 lakh cover can offer meaningful financial protection for your loved ones. It’s ideal for covering everyday expenses, small outstanding loans, and short-term financial goals. This plan strikes a balance between affordability and adequate coverage, making it a smart choice for early earners or those with limited financial obligations.

  • Pocket-Friendly Financial Security: A ₹25 lakh term plan gives reliable life cover at affordable premiums. It's a great starting point for young professionals or single-income households who want protection without a financial burden.
  • Covers Everyday Expenses: The payout helps your family manage monthly expenses like rent, groceries, school fees, and utility bills. It protects them from sudden financial stress and ensures life continues smoothly even in your absence.
  • Debt Protection: If you’ve taken loans for a vehicle, education, or a small home, this plan can help your family repay outstanding debts and reduce the need to take on additional borrowing to meet those liabilities.
  • Peace of Mind: Knowing your family will receive ₹25 lakh if something happens to you gives you peace of mind. You can live your life with confidence, knowing they’ll be financially protected when they need it the most.
  • Good Starter Plan: If you're new to managing finances or buying insurance, this plan gives an affordable way to start. It offers meaningful protection from the beginning. You can upgrade the coverage or add another policy to stay protected.

If your financial responsibilities increase later, you can review your overall life insurance requirement and consider additional coverage, subject to the insurer's underwriting terms.

Term Insurance - Top Selling Plans

Canara HSBC Life Insurance offers online term insurance plans to secure your family financially in your absence.

Family Shield: Enhanced Protection

iSelect Smart360 Term Plan
  • 3 Plan options
  • Life cover till 99 years
  • Steady income benefit
  • Block your premium at inception
Know More

Start Young, Pay Less, Stay Secured

Young Term Plan
  • Life cover till 99 years
  • Coverage for spouse
  • Block your premium rate
  • Covers 40 critical illness
Know More

Family Shield: Enhanced Protection

Saral Jeevan Bima
  • Affordable prices
  • Multiple premium payment option
  • Get Tax benefits
  • Hassle-free purchase process
Know More

How Does a ₹25 Lakh Term Plan Work?

Riya is a 32-year-old working professional and a single parent to a 5-year-old daughter. She already has a basic life insurance plan that covers day-to-day expenses for her child if she’s not around. But recently, she took a personal loan to fund her daughter’s school admission and other education-related costs.

To ensure her loan doesn’t become a burden on her family, Riya decides to buy a ₹25 lakh term insurance plan. This plan would specifically cover her financial liabilities during her daughter’s growing years.

If anything were to happen to Riya during this time, the term plan’s payout of ₹25 lakh would help repay the loan and secure her daughter’s education. Her existing policy would continue to provide for daily living expenses, ensuring her child’s future is not disrupted.

Who Should Buy a ₹25 Lakh Life Insurance Plan?

Given below is a list of people for whom a ₹25 lakh term insurance could be an ideal choice:

  1. Young Professionals: Ideal for those starting their careers who want low premiums and early financial protection

  2. Single Parents: Perfect for single-income households looking to secure their child’s future

  3. Homemakers with Loans: Helpful for managing existing personal loans without burdening the family

  4. Older Individuals Who Meet Eligibility Criteria: May consider the available term insurance options based on their age, financial responsibilities, and the insurer's eligibility requirements

  5. Small Business Owners: A smart option for covering small business debts and protecting dependent family members
Do you know

Did You Know?

IRDAI provides a 30-day free-look period for life insurance policies, allowing policyholders to review the terms and cancel if dissatisfied
 

Source: The Hindu

 

Young Term Plan - 1.5 Crore

How to Choose the Right ₹25 Lakh Term Insurance Plan?

Choosing the right ₹25 lakh term insurance policy requires more than just picking the lowest premium. Here's how you can make the right decision.

  • Check Financial Goals: Look at your family’s needs like monthly bills, children’s education, health care or any loans. Choose a plan that covers these costs.
  • Use Calculators for Affordability: Use the Term plan calculator by Canara HSBC Life Insurance to see what premium fits your income. Select a plan that balances affordability with the required features.
  • Evaluate the Insurer: Choose an insurer with a good claim settlement ratio and efficient service. This ensures hassle-free processing for your family when they need it most.
  • Add Useful Riders: Depending on your lifestyle and risks, add-on riders like critical illness or accidental death can make your plan stronger.
  • Read Policy Details: Understand payout options (lump sum or monthly), premium payment terms, grace periods, and exclusions before buying.

Eligibility Criteria for a ₹25 Lakh Term Insurance Plan

Eligibility for a ₹25 lakh term insurance plan depends on the insurer's product features and underwriting guidelines. The following factors are generally considered when applying for term insurance:

  • Entry Age: The minimum and maximum age at entry vary depending on the insurance plan and insurer

  • Policy Term: The available policy term depends on the product and the applicant's age at entry

  • Nationality and Residency: Indian residents and, where permitted by the insurer, NRIs may be eligible subject to applicable rules and documentation

  • Income: The insurer may assess your income and financial profile to determine the appropriate level of life cover

  • Medical Assessment: Depending on factors such as age, health history, lifestyle, and the amount of cover, medical tests may be required

  • Occupation: Your occupation and associated risks may be considered during the underwriting process

  • Lifestyle: Factors such as smoking, tobacco use, alcohol consumption, and other disclosed lifestyle details may be considered while assessing the application

Eligibility requirements can vary by product. Applicants should check the specific policy terms and conditions before purchasing.

Documents Required for a ₹25 Lakh Term Insurance Plan

Having the required documents ready can make the application process smoother. Depending on the insurer's requirements and your profile, you may need:

Document Category

Examples

Why It May Be Required

Identity Proof

Aadhaar Card, PAN Card, Passport, Voter ID or other accepted documents

To verify the applicant's identity

Address Proof

Aadhaar Card, Passport, Driving License, utility bill or other accepted documents

To verify the applicant's residential address

Age Proof

Birth certificate, Passport, PAN Card or other accepted documents

To verify the applicant's age for underwriting and policy issuance

Income Proof

Salary slips, bank statements, income-tax documents or other applicable records

To assess income and financial eligibility where required

Photograph

Recent passport-size photograph, where applicable

For identity verification and policy records

Medical Information/Reports

Medical reports, health history or medical test reports, if requested

To assess health and determine underwriting requirements

The exact documents required may vary depending on your age, occupation, income, health profile, policy selected, and the insurer's underwriting requirements.

Premium Illustration Table

This table gives you an idea of how premium amounts vary with different term plans under a term plan for ₹25 lakh coverage. The premium may vary based on age, tenure, and health.

Assumption: Monthly premiums are calculated for a 30-year-old non-smoker with ₹25 lakh sum assured, ₹8 lakh annual income, and a 10-year policy term.

Plan NameSum AssuredMonthly Premium (30 yrs, Non-smoker)
iSelect Smart360₹25 lakh₹249
Promise2Protect₹25 lakh₹314
Young Term Plan₹25 lakh₹314

₹25 Lakh vs ₹50 Lakh vs ₹1 Crore: Which Is Right for You?

If you're unsure whether ₹25 lakh is sufficient, here’s how it stacks up against higher cover amounts. This comparison will help you choose based on your goals and income.

Factor₹25 Lakh₹50 Lakh₹1 Crore
Ideal Forlow-income earnersFamilies with moderate expensesProfessionals with high income & future goals
Financial CoverageDay-to-day needsModerate expenses, small loansLifestyle, child’s education, long-term goals
PremiumsVery LowModerateHigher (but cost-effective for coverage offered)
FocusBasic, short-term protectionBalanced coverageWealth protection, future planning, legacy
FlexibilityLimited (few riders, fewer tenure options)Moderate (some customisation)High (more add-ons, tenure, payout flexibility)

Looking for a better Term Insurance plan?

₹1.5 Crore
Life Cover
Starting from ₹938/month*
View Plans
₹1 Crore
Life Cover
Starting from ₹626/month*
View Plans
₹50 LAKH
Life Cover
Starting from ₹429/month*
View Plans

Premium Payment Options for a ₹25 Lakh Term Insurance Plan

Term insurance premiums can generally be paid through different payment structures, depending on the policy selected. The available options may vary by insurer and product.

Premium Payment Option

How It Works

May Be Suitable For

Regular Pay

Premiums are paid at regular intervals throughout the selected premium-paying term

Individuals who prefer to spread premium payments over time

Limited Pay

Premiums are paid for a limited period, while the life cover continues for the selected policy term

Individuals who want to complete premium payments earlier while retaining coverage for a longer period

Single Pay

The premium is paid as a single amount, subject to the product's terms

Individuals who prefer to make one upfront premium payment

Before choosing a payment option, compare the premium amount, payment duration, policy term, and benefits available under the specific plan.

Why Choose Canara HSBC Term Insurance?

At Canara HSBC Life Insurance, we understand that trust plays an important role while choosing a term insurance plan. Here's why we can be the right partner for your financial protection journey:

  • High Claim Settlement Ratio: We have a claim settlement ratio of 99.52%. for FY 2025-26. This reflects the insurer's claim settlement experience and provides an important consideration when evaluating an insurer.
  • Flexible Plan Choices: Every family has different needs and preferences. We offer a variety of options that allow you to choose the coverage duration, payout structure, and extra features. 
  • Affordable Premiums: Getting strong life cover does not mean spending too much. We offer term insurance plans that fit your monthly budget. If you start early or live a healthy life, your premiums will be even lower. This makes protection accessible to young professionals and growing families alike.
  • Easy Online Process: You can buy a term insurance plan from the comfort of your home. Just visit the website, enter basic details, and complete the process in minutes. There are no long forms or paperwork involved. Assistance is always available if you need help while selecting or purchasing the plan.
  • Useful Add-On Benefits: You can enhance your plan with helpful options like critical illness protection, accident cover, and premium waivers during tough times. These features offer more complete protection without needing to purchase a separate policy. It is a simple way to get more value and peace of mind from your plan.

Conclusion

Ready to take the first step in securing your family’s future? Choose a ₹25 lakh term insurance plan today and enjoy affordable protection, guaranteed peace of mind, and flexible coverage with Canara HSBC Life Insurance.

Get a free quote now and start your journey toward financial security.

Glossary

  1. Sum Assured: The amount your nominee receives if you pass away during the policy term
  2. Rider: An add-on benefit to your policy, like critical illness or accidental death cover
  3. Term Plan: A life insurance policy offering cover for a fixed period, with no maturity benefit unless chosen
  4. Claim Settlement Ratio: The percentage of claims an insurer has paid successfully in a year
  5. Premium: The amount paid to an insurer to keep a term insurance policy active and maintain life cover
Glossary book
Uncertain About Insurance

FAQs

Young professionals, single parents, homemakers with loans, and small business owners often find ₹25 lakh coverage suitable for their financial needs.

If you survive the policy term and haven’t chosen a return of premium option, there is no payout at maturity.

Yes, you can easily purchase the plan online through trusted insurers like Canara HSBC Life Insurance in just a few minutes.

Medical tests may or may not be required depending on your age, health history, and insurer’s guidelines.

You’ll need basic KYC documents like ID proof, address proof, income proof, and recent medical history if applicable.

Individual life insurance policies, including individual term insurance policies, are covered under the GST exemption introduced following the GST Council's recommendations. Therefore, GST is not applicable to eligible individual term life insurance premiums under the applicable exemption. The tax treatment of specific products or policy structures may differ, so policyholders should check the applicable terms at the time of purchase.

Whether you can increase your life cover after purchasing a policy depends on the specific product's terms and available options. A policyholder should not assume that the existing ₹25 lakh cover can automatically be increased. If your financial responsibilities increase, you may consider an additional term insurance policy, subject to the insurer's underwriting requirements and disclosure of existing insurance cover.

Yes, an individual may hold more than one life insurance policy, subject to the applicable underwriting and disclosure requirements. Existing policies and proposed coverage should be disclosed accurately when applying for additional insurance. The insurer will assess the overall financial and insurance profile before issuing a policy.

If a premium is not paid by the due date, the policy generally enters a grace period as specified in the policy terms. If the premium remains unpaid after the applicable grace period, the policy may lapse or be subject to the product's applicable non-payment provisions. The exact consequences depend on the policy terms, so it is important to understand the grace period and revival provisions before purchasing the plan.

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