Digit Glow Term Life Insurance

0% GST on Premium

Date of Birth

Annual Income (In Lacs)

Mobile Number +91

I agree to the Terms & Conditions

Buy Term Life Insurance in Bangalore in 2025

Living in a fast-paced city like Bangalore comes with financial responsibilities, rising living costs, loans, and family commitments. Term insurance offers high coverage at affordable premiums to secure your family’s future in case something happens to you. This makes it an ideal choice for working professionals, young families, and anyone with financial dependents. With term insurance, you can easily protect your loved ones, ensuring peace of mind that aligns with the demands of urban living.

Continue reading to discover more about the importance of term insurance in Bangalore, how to select the ideal coverage, and the impact of high living expenses on the sum assured.

Why Having Term Plan is Crucial in Bangalore?

Reason	Details	How Term Insurance Helps
Road Traffic Accidents	As per records, there were approximately 4,974 road crashes (traffic accidents) in Bangalore. The roads of this city are highly congested, indicating an increasing risk of accidents. [source]	Term insurance provides financial coverage against accidental death. You can opt for riders in addition to the base plan to avail accident coverage.
Healthcare Costs	The cost of medical treatment and critical illness in Bangalore is extremely high. As per reports, hospitalisation costs in Bangalore can range from ₹20,000 to ₹1,00,000. [source]	Buying term insurance with critical illness riders can cover the expensive medical bills, reducing your financial stress.
Rising Cost of Living	As Bangalore’s inflation rate is higher than the national average, living expenses continue to rise. According to research, the living expenses of a family of four in Bangalore are around ₹1,30,000 in 2025. [source]	Having term insurance can help the family cater to their expenses in case of the untimely demise of the earning member within the policy period.
Life Expectancy	Although India’s average life expectancy is around 70 years, rising instances of critical and lifestyle diseases make untimely death a real risk for families.	Financial security is ensured for dependents, protecting them from unexpected hardships that may result from premature death.

What are the Recommended Sum Assured Coverage Options for a Term Plan in Bangalore?

If you live in Bangalore, your term insurance needs are higher than most Tier-2 cities. From steep housing costs to rising education and healthcare expenses, your family will need a strong financial backup to maintain the same lifestyle in your absence.

That’s why we’ve built coverage recommendations tailored to Bangalore’s cost of living, income levels, and life stages.

₹1 Crore Term Insurance Plan

Best for: Young professionals, newly married couples, or families with limited liabilities
Ideal Income Range: ₹4–12 LPA
Premiums: Starting from ₹800/month*

Why is it required:

Covers 8–10 years of essential household expenses in the city
Helps clear smaller home/car loans
Ideal starter coverage for those in early career stages

₹2–3 Crore Term Insurance Plan

Best for: Mid-career professionals, dual-income families, parents with school-going children
Ideal Income Range: ₹12–25 LPA
Premiums: Starting from ₹1200/month*

Why is it required:

Covers 1 home loan (~₹80L–₹1Cr) + 10+ years of family income
Secures children’s education (local or international plans)
Balances lifestyle aspirations with practical financial safety

₹5 Crore Term Insurance Plan

Best for: High-net-worth individuals, business owners, large loan borrowers
Ideal Income Range: ₹25 LPA+
Premiums: Starting from ₹4500/month*

Why is it required:

Protects against major financial commitments like international education, large home loans, or business loans
Ensures dependents can sustain Bangalore’s high cost of living without compromise
Fits ambitious families with long-term wealth goals

₹7–8 Crore Term Insurance Plan

Best for: Entrepreneurs, CXOs, ultra-high-net-worth individuals with complex financial portfolios
Ideal Income Range: ₹50 LPA+
Premiums: Starting from ₹8000/month*

Why is it required:

Shields against significant liabilities, investments, or cross-border financial commitments
Secures wealth continuity for family and business across generations
Ensures a global lifestyle remains uninterrupted

In Bangalore’s high-cost environment, ₹1 crore term cover suits beginners. For moderate liabilities, ₹2–4 crore is ideal. With major obligations, opt for ₹4–8 crore based on income and lifestyle.

Quick Comparison of Term Insurance Coverage with their Premiums in Bangalore

Coverage	Life Stage Fit	What it Secures	Typical Premium*
₹1Cr	Young professionals, small families	8–10 yrs expenses + small loans	Starting from ₹800/month
₹2–₹3Cr	Parents, dual-income families	Home loan + education + 10 yrs income	Starting from ₹1200/month
₹5Cr	HNIs, business owners	Major loans + overseas education + lifestyle	Starting from ₹4500/month
₹7–₹8Cr	CXOs, UHNWIs	Wealth continuity + global lifestyle + large liabilities	Starting from ₹8000/month

Digit Glow Term Life Insurance

Suitable for self-employed and young salaried professionals who want smart and early protection.

Choose your sum assured, from ₹25 Lakhs up to ₹1 Crore, to match your financial goals.

Protection starting at just ₹301/month* (for 25 Lakhs) to fit your fixed income.

No physical forms or waiting, just buy your policy online with PAN and Aadhaar.

Digit Glow Term Life Insurance

Digit Glow Plus Term Life Insurance

Suitable for salaried professionals, entrepreneurs, and high-income earners.

Access up to ₹20 crore sum assured to cover your extensive financial goals and liabilities.

Terminal Illness Benefit is included and covered at no additional cost.

Gain long-term protection up to Age 85 that supports post-retirement responsibilities.

Digit Glow Plus Term Life Insurance

Accidental Death Benefit Rider

Why it matters: Bangalore’s traffic congestion and road accident rates are among the highest in India.

What it does: Pays an additional lump sum if death occurs due to an accident.

Who should consider it: Daily commuters, bikers, and anyone exposed to high travel risks.

Accidental Death Benefit Rider

Critical Illness Rider

Why it matters: Lifestyle diseases like heart attacks, cancer, and strokes are rising in Bangalore.

What it does: Offers a payout upon diagnosis of major illnesses, helping cover treatment costs and income loss.

Who should consider it: Anyone with a family history of illness or working in high-stress environments.

Critical Illness Rider

How to Reduce Term Insurance Premiums?

Select a Longer Policy Term

Policies with a longer term come with a reduced annual premium burden. You can avoid a premium hike due to growing age by locking in the current premium rates.

Purchase Early

Purchasing term insurance at a younger age, such as in your 20s or 30s, allows you to lock in affordable premium rates compared to those in your 40s. The premium amount for younger policyholders is low compared to that of older individuals.

Choose Your Riders Wisely

Riders help in extending your insurance coverage, but adding unnecessary riders will increase your premium burden.

You can save on the premium amount by choosing the term life riders that you need.

Compare Policies Online

Check the insurer’s claim settlement ratio, policy inclusions and exclusions and the claim settlement process. You can save on term insurance costs by comparing term policies with the most competitive rates.

Opt for Annual Premium Payment

The annual payment mode helps you save on administrative fees. Avail discounts and offers from your insurance provider and save on your overall premium cost.

Make Staying Healthy Your Top Priority

Healthy individuals can qualify for term insurance at their preferred rates, as they have a lower-risk profile compared to those with any kind of health issues. If you don’t have any health issues, you can avail discounts from the insurance provider on your overall term insurance cost.

Opt for Accurate Disclosure

Do not hide your health information from the insurance provider. Accurate disclosure of health information helps reduce the risk of claim rejection at times of need.

How Digit Life Term Insurance Can Cover the Needs of Bangalore Residents?

Living in Bangalore comes with its own set of unique financial responsibilities and lifestyle factors. From rising living costs to the city’s fast-paced working culture, families here need strong financial protection to stay secure in uncertain times. Digit Term Insurance can be a smart choice for Bangalore residents because it addresses both immediate and long-term needs:

High Cost of Living & Loans

The cost of living in bangalore is high due to expenses like housing, education, and healthcare constantly on the rise. Many residents also take home loans or personal loans. A Digit Term Insurance plan ensures that in case of an untimely death, these liabilities do not become a burden on the family. The claim amount can be used to repay outstanding loans and provide financial stability.

Support for IT and Startup Workforce

Being India’s tech hub, a large part of Bangalore’s working population is employed in IT companies, startups, and MNCs. With long working hours and high stress levels, having a life cover is essential. Digit’s flexible term insurance plans allow these professionals to secure their dependents’ future, even with busy schedules.

Future-Ready Education Needs

Education in Bangalore is known to be both competitive and expensive. Parents want to ensure uninterrupted schooling and higher education for their children, whether it’s in the city’s reputed institutions or abroad. Digit’s coverage can act as a safety net, guaranteeing that a child’s education expenses are taken care of even in the policyholder’s absence.

Healthcare Costs & Lifestyle Risks

Bangalore residents face rising healthcare costs, along with increasing lifestyle-related health risks due to pollution, traffic stress, and sedentary jobs. With Digit Term Insurance, families have a financial cushion to manage medical and living expenses if the main breadwinner passes away.

Flexible Options for Diverse Residents

Bangalore is a mix of salaried professionals, business owners, and migrant families. Digit offers various term plan options, such as increasing cover, joint life cover, and add-ons like accidental death benefits, so that different categories of residents can choose a plan that matches their lifestyle and goals.

Why Choose Digit Life for your Term Plan in Bangalore?

Transparency Policy Wording - No hidden clauses. No jargon. Just clear terms and real coverage. What you see in your policy is exactly what you get, so there’s no second-guessing when it counts.
Quick Online Processes - From policy purchase to claim filing, everything happens online; no paperwork, no running around. You get a smooth, fast process backed by human support when you need it.
Worldwide Claim Support - Your family can still claim online if something happens to you outside India, without running around with fast claim process and support across time zones. T&C*.
Eligible for NRIs of Indian Origin - NRIs of Indian origin can buy a plan while in India and manage it from anywhere. Premiums can be paid through NRE/NRO accounts, and coverage remains valid globally.

Explore Other Term Plan Coverages offered by Digit Life in Bangalore

Choosing the right sum assured is crucial for selecting the best term life insurance plan to protect your family’s financial future. Here are the available options for sum assured amounts that might suit your needs:

25 Lakh

Term Insurance Plan

50 Lakh

Term Insurance Plan

75 Lakh

Term Insurance Plan

Recommended

1 Crore

Term Insurance Plan

3 Crore

Term Insurance Plan

5 Crore

Term Insurance Plan

10 Crore

Term Insurance Plan

15 Crore

Term Insurance Plan

20 Crore

Term Insurance Plan

Disclaimer: The sum assured specified applies to the term insurance plans and is subject to eligibility, terms, and conditions. It is essential that you review the official plan details thoroughly and choose the coverage that best aligns with your needs before proceeding with your purchase.

Find the Right Term Insurance Plan for Your Lifestyle

Term Insurance for Young Professionals

Family Term Insurance Plans

Term Life Insurance Plan for Disabled

Term Insurance for NRIs

Term Insurance for Home Loan Protection

Term Insurance for Diabetic Patients

List Of Digit Life Insurance Offices In Bangalore

Here is the list of offices in Bangalore, as of August 18th, 2025:

Current Address	Google Maps Link
Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru, Karnataka 560066	📍 View on Maps
4th Floor, No 30, Salarpuriya Techpoint, Srinivagilu Main Road, Bengaluru, Bengaluru Urban, Karnataka, 560034	📍 View on Maps

Given Bangalore’s high living costs and the risks of residing in this Tier-1 city, having a term insurance plan is a necessity to safeguard the financial well-being of your loved ones in your absence. Now, given that the inflation rate is likely to continue increasing, it’s quite certain that a low sum assured (of, say, ₹10 lakh) will not retain the same purchasing power 10 years down the line.

Beyond basic term plans, Life Insurance options like Endowment Plans and ULIPs also offer a blend of protection and savings.

Thus, it’s crucial that you choose a coverage amount that will be sufficient to cater to your loved one’s needs in the upcoming years, taking into account inflation, value erosion, and rising liabilities. This way, you can ensure that your family remains financially stable even in the event of your untimely demise.

FAQs about Term Insurance in Bangalore

How does Bangalore’s high cost of living affect the sum assured I should choose for term insurance?

Bangalore’s high living expenses, fuelled by inflation, gradually erode the real value of your policy’s sum assured over time. Moreover, as you grow older, your liabilities, like children’s education, marriage, or buying a house or car, will increase. Since these are future financial needs, the death benefit of your term insurance plan must account for inflation, ensuring sufficient coverage over time.

Is a ₹1 crore term insurance plan enough for a family in Bengaluru?

A ₹1 crore term plan may work for now, but as your income grows and expenses rise, review it every few years to increase coverage if needed. It ensures lasting financial security for your family.

I already have a home loan in Bengaluru. How should that impact my term insurance cover?

Your term insurance coverage should ideally be 10 times your annual income, and if you have a home loan, ensure it is also covered. This way, your family can repay the loan comfortably if anything unexpected occurs.

What if I move out of Bangalore after buying my term insurance?

If you have dependants, maintain your term life insurance even after moving out of Bangalore. Residency changes usually don’t affect coverage, and your nominee will still receive the claim amount if anything happens to you.

Does Bangalore’s medical inflation affect my term insurance requirements?

Rising medical costs in Bangalore directly impact term insurance premiums because insurers face higher financial risks from expensive treatments. As healthcare expenses increase, insurance companies adjust their premium rates to manage these costs. Individuals must act early to lock in lower premiums and secure affordable coverage before rates rise further.

How often should I review my term insurance coverage?

Review your term insurance every two to three years, or after major life events like marriage, having a child, or significant income changes, to ensure it still meets your family’s needs.

If I’m a single earner in Bengaluru, should my term cover be higher?

Yes, as the sole income provider, a higher sum assured provides better financial security for your dependents. As per the rule of thumb, ideal coverage is worth 10–15 times your annual income.

Will my term insurance premium be higher just because I live in Bengaluru?

The ideal sum assured for an individual tends to vary by location due to the difference in living costs. For example, having a ₹50 lakh term plan might suffice for a family in a Tier 3 city, but maintaining the same lifestyle in a Tier 1 city, like Bengaluru, could require a coverage of ₹3–5 crore. Moreover, inflation in Bengaluru is higher than the national average, and thus, as you grow older, your financial liabilities are bound to increase, necessitating more coverage. Hence, term insurance premiums in Bengaluru are usually higher, as the ideal sum assured is higher.

Can I increase my sum assured later if my living costs rise?

In case you have a normal term insurance plan, you cannot increase the base coverage amount. You need to purchase a separate policy with higher coverage in case your living costs rise. However, if you have an increasing term insurance plan, the sum assured will increase by a certain percentage throughout the policy period, providing coverage for rising living expenses.