Digit Glow Term Life Insurance

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Buy Term Life Insurance in Chennai in 2025

Term insurance in Chennai is a necessity as residents face various financial difficulties. Families often find it difficult to keep their financial safety net intact in the city due to rising living and healthcare costs. Chennai also faces unexpected economic risks due to its susceptibility to natural disasters like floods.

Moreover, the changes in the global market, especially in the manufacturing and IT sectors may lead to job uncertainty. Because income instability and rising costs are threatening families' financial stability, term insurance is an essential tool for securing their future.

By paying monthly or annual premiums according to your decided sum assured, you can obtain higher coverage to meet your family's expenses and liabilities. Read on to learn more about the importance of term insurance in Chennai.

Why Having Term Plan is Crucial in Chennai?

Residents of Chennai should consider purchasing term insurance to secure their family's financial future. Several factors trigger the need for term insurance in Chennai:

Reason	Details	How Term Insurance Helps
Road Traffic Accidents	With the increasing population, traffic on Chennai roads is also rising. The congestion increases the risk of accidents. As per records, almost 2016 road accidents took place in Chennai up to June 2025. [source]	With term insurance, nominees can avail of death coverage if any unfortunate event occurs during the policy period. Besides, you can also get accident coverage by purchasing add-ons with the base plan.
Healthcare Costs	The costs associated with medical treatment and critical illness care are higher in Chennai.	You can add a critical illness rider to your term insurance base plan to help cope with the rising medical costs in Chennai.
Rising Cost of Living	The inflation rate in Chennai is higher than the national average. This gradually increases living expenses in Chennai. The average cost of living in Chennai is ₹1,10,819 for a family of four. [source]	Suppose the sole earning member of the family passes away during the policy period. In that case, term insurance provides coverage for the family's daily expenses in the form of a monthly or lump sum payout.
Life Expectancy	The average life expectancy in India is almost 69.5 years. However, the increasing risks of untimely death due to lifestyle diseases or critical illnesses are a threat to a family's financial stability. [source]	Term insurance helps cover family expenses in the event of the policyholder's untimely death during the policy tenure.

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

The need for term insurance in Chennai is higher compared to other Tier-1 cities. The reason behind this is the rising living costs, medical and educational expenses, and increasing risk of fatal road accidents. All this increases the need for a secure financial backup for your family’s future.

Here are the recommendations for term insurance coverage in Chennai based on the life stages, income levels, and cost of living:

₹1 Crore Term Insurance Plan

Best for: Families that have limited liabilities, young couples, freshers or young profession

Ideal Income Range: ₹4 - 12 LPA

Why is it Required:

Covers household expenses of the dependants for 8 - 10 years
Offers starter coverage for individuals who are in the early stages of their career
Helps repay smaller debts like home or car loans

₹2 - 3 Crore Term Insurance Plan

Best for: Families with dual income, professionals who are in their mid-career, families that have school-going children

Ideal Income Range: ₹12- 25 LPA

Why is it Required:

Covers family income for more than 10 years + 1 home loan that amounts between ₹80 lakhs to ₹1 crore
Helps support your lifestyle aspirations by offering practical financial safety
Covers educational expenses of your children in India or abroad

₹5 Crore Term Insurance Plan

Best for: Individuals who have borrowed a huge loan, high-net-worth individuals, and businesspersons

Ideal Income Range: ₹25+ LPA

Why is it Required:

Best for families who have long-term financial goals and higher ambitions
Covers huge financial commitments like huge business or home loans, education abroad, etc.
Ensures sustainability against the rising living cost in Chennai

₹7 - 8 Crore Term Insurance Plan

Best for: Individuals who have complex financial portfolios, CXOs, and ultra-high-net-worth individuals

Ideal Income Range: ₹50+ LPA

Why is it Required:

Security for an uninterrupted global lifestyle
Protection against investments, major liabilities, or cross-border financial commitments
Ensures continuous wealth generation for businesses and families across generations

Quick Comparison of Term Insurance Coverage with their Premiums in Chennai

Coverage	Life Stage Fit	What it Secures	Typical Premium
₹1 Crore	Small families, Young couples	Small loans + 8-10 years expenses	Starting from ₹800/month
₹2 - 3 Crore	Mid-career professionals + parents	Income of 10+ years + children’s education + home loan	Starting from ₹1200/month
₹5 Crore	Business owners + high-net-worth-individuals	Overseas education + huge loans + lifestyle	Starting from ₹4500/month
₹7 - 8 Crore	Ultra-high-net-worth individuals, CXOs	Huge liabilities + continuous wealth generation + global lifestyle	Starting from ₹5800/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: Chennai faces severe traffic congestion and deteriorating road conditions, increasing the risk of accidents—especially during monsoon-related flooding.

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

Who should consider it: Daily commuters, two-wheeler riders, and residents frequently navigating high-risk travel routes across the city.

Accidental Death Benefit Rider

Critical Illness Rider

Why it matters: Chennai’s rising urban density, pollution levels, and erratic water and power supply contribute to increased stress and vulnerability to lifestyle diseases such as heart conditions, cancer, and strokes.

What it does: Provides a lump sum payout upon diagnosis of covered critical illnesses, helping manage medical expenses and offset income disruption during recovery.

Who should consider it: Individuals with a family history of major illnesses, professionals in high-pressure roles, and residents exposed to environmental and infrastructural stressors.

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 Chennai Residents?

Considering the rising expenses in Chennai and the uncertainty of life due to increasing road accident risks, term insurance coverage is necessary for the residents. Here are some of the ways in which Digit Life term insurance can cover the financial needs of Chennai residents:

High Sum Assured for Financial Security

Digit Glow Plus offers a sum assured of up to ₹20 crore to address the high cost of living and rising family expenses in Chennai. It ensures ample financial backup for dependents.

Flexible Premium Payment Options

With Digit, you can pay term insurance premiums monthly, quarterly, half-yearly, or annually. This helps Chennai's diverse workforce manage premiums smoothly despite income fluctuations.

Integrated Wellness Benefits

Beyond life cover, Digit provides wellness services like doctor consultations, lab tests, and fitness plans that help Chennai residents manage the increasing lifestyle-related health issues.

Optional Riders for Broader Protection

Digit’s accidental death and permanent disability riders offer extra security against Chennai's urban risks, such as traffic accidents, ensuring enhanced financial support during emergencies.

Why Choose Digit Life for your Term Plan in Chennai?

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 Chennai

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.

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List Of Digit Life Insurance Offices In Chennai

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

Current Address	Google Maps Link
2nd Floor, 528/559, Above Skoda Showroom, Anna Salai, Skoda Gurudev Skoda, Teynampet, Chennai, Chennai, Tamil Nadu 600018	📍 View on Maps

Living in Chennai comes with high expenses and greater financial risks, making term insurance a crucial protection for family security. As inflation rises, a small sum assured, such as ₹10 lakh, will lose its real-world value over a decade, potentially leaving loved ones under-protected.

To ensure family stability, it's essential to select a coverage amount that takes into account future inflation, value erosion, and increasing liabilities, so your family's financial needs are met regardless of changing economic circumstances.

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

FAQs about Term Insurance in Chennai

How does the high cost of living in Chennai affect the sum assured I should choose for term insurance?

The real value of your term insurance's sum assured will erode over time due to inflation and high living expenses. Additionally, your liabilities are likely to increase as you grow older. This includes marriage, children's education, purchasing a car or house, and so on. Your term insurance plan's death benefit must consider inflation, as these are future expenses, ensuring adequate coverage over time.

I already have a home loan in Chennai. Can that impact my term insurance cover?

The ideal term insurance coverage for an individual should be 10 times their annual income. Moreover, if the policyholder has any liability, such as a home loan, it must be covered under the term insurance policy. This will help your family to repay the home loan in your absence.

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

Even after leaving Chennai, keep your term life insurance if you have dependents. Changes in residency often do not affect coverage, and if you pass away, your nominee will still get the claim money.

If I have a ₹1 crore term insurance plan in Chennai, will that be enough for my family?

A ₹1 crore term plan might be sufficient for the time being, but if your income and spending increase, you should examine it every few years to see whether you need to expand coverage. It guarantees your family long-term financial stability.

Will my term insurance requirements be affected due to the medical inflation in Chennai?

Rising medical expenditures directly influence term insurance prices in Chennai since costly treatments expose insurers to greater financial risk. Insurance firms modify their premium rates to control rising healthcare costs. Before rates continue to rise, people must take early action to lock in reduced premiums and obtain reasonably priced coverage.

What is the ideal duration to review my term insurance coverage?

To ensure your term insurance continues to meet your family's needs, review it every two to three years or after significant life events, such as marriage, having a child, or a substantial change in your salary.

If I’m a single earner in Chennai, should I choose a higher term cover?

Yes, a larger sum assured provides your family with greater financial stability if you are the only earning member. Generally speaking, optimal coverage is worth 10 to 15 times your annual salary.

Can my living in Chennai lead to a higher term insurance premium?

Because living expenses vary by area, the ideal sum assured for an individual also tends to differ. For instance, a family in a Tier 3 city might be able to get by with a ₹50 lakh term plan, while in a Tier 1 city like Chennai, it might take ₹3–5 crore in coverage to maintain the same standard of living. Furthermore, Chennai experiences higher inflation than the rest of the country, which means that as you age, your financial obligations will inevitably increase, and you will need more comprehensive coverage. Since the desired sum assured is higher, term insurance rates in Chennai tend to be higher.

Can I opt for a higher sum assured later if my living costs rise?

There is no option to raise the base coverage amount if you have a standard term insurance policy. If your living expenses increase, you will need to get a different policy with more coverage. The sum assured will, however, rise by a specific percentage over the course of the policy duration if you have an increasing term insurance plan, which will cover growing living expenditures.

What are the essential term insurance exclusions in Chennai?

Digit Glow Term Insurance excludes claims in cases of suicide within 12 months of policy start, death caused by drug or alcohol misuse, participation in criminal acts, war or civil unrest, and deaths resulting from risky activities like skydiving or bungee jumping. Additionally, pre-existing medical conditions not disclosed during application and mental or nervous disorders are typically excluded.

Is a medical checkup mandatory for Chennai residents while buying a term insurance policy?

Medical checkups for term insurance in Chennai depend on age, sum assured, and health. Younger applicants with low coverage may skip tests; older or high-coverage policies usually require basic to detailed medical exams to assess risk.

What riders are offered by term insurance providers in Chennai?

Term insurance riders in Chennai include Accidental Death Benefit, Critical Illness, Waiver of Premium, Permanent Disability, and Income Benefit riders. These provide extra protection against accidents, illnesses, disabilities, and income loss.

What is the ideal term insurance coverage for Chennai residents?

The ideal term insurance coverage for Chennai residents is 10-15 times their annual income. This ensures sufficient funds to cover loans, children’s education, medical expenses, and daily living costs in the city’s rising expense environment.