Digit Glow Term Life Insurance

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Buy Term Life Insurance in Gurugram in 2025

As Gurugram grows into a corporate and residential hub, the need for financial protection has become more pressing than ever. Families here face rising living costs, long commutes, and the uncertainties of a fast-paced urban lifestyle.

Term insurance in Gurugram provides a simple yet effective way to safeguard your family’s future, offering high coverage at affordable premiums. It helps manage risks tied to health, accidents, or income loss and ensures peace of mind in an unpredictable world.

Want to know how term insurance can fit into your financial planning in Gurugram? Explore more in the sections ahead!

Why is Having Term Insurance Crucial in Gurugram?

Check out the major reasons why having term insurance in Gurugram is essential:

Reason	Details	How Term Insurance Helps
Road Traffic Accidents	Gurugram witnesses hundreds of road traffic accidents annually, with roads such as the Delhi–Gurugram Expressway being the most accident-prone, recording 2,239 deaths from 2017 to 2024. Some of these accidents are fatal, particularly those involving two-wheelers and speeding cars.[source]	In such a risky scenario, term insurance is a household safety net. If the policyholder is involved in a fatal road accident, the payout guarantees financial security by covering household needs, pending loans, and long-term objectives such as children's education.
Healthcare Costs	Although hospitals in Gurugram provide superior facilities, they tend to levy high treatment charges, particularly in emergencies or serious diseases. For most families, unplanned medical expenditures can deplete savings and upset long-term financial planning.	Term insurance policies usually include critical illness riders that pay a lump sum if the policyholder is diagnosed with a severe ailment such as cancer, stroke, or heart disease. The extra benefit assists families in covering costs without draining their savings or accumulating debt.
Rising Cost of Living	Gurugram is emerging as an expensive city to live in, as circle rates for properties have increased up to 30%. Education-related expenses, household utilities, and daily essentials can also strain the budget.[source]	Term insurance can provide relief against the rising cost of living by ensuring that dependents remain financially secure even if the primary earner passes away. With income benefit riders, families receive payouts in the form of monthly income rather than a one-time lump sum, which helps cover essential expenses.
Life Expectancy	In Haryana, the average life expectancy is 69.7 years, influenced by healthcare access, lifestyle, and environmental factors. Stress and common ailments can affect longevity, showing that the future remains uncertain.[source]	Term insurance serves as a safety net by saving families from the financial burden of the premature demise of the breadwinner. By choosing an adequate term plan duration, one can ensure coverage till their dependents are financially stable.

What are the Recommended Sum Assured Coverage Amount for a Term Plan in Gurugram?

Gurugram leads many cities in residential property demand and prices, and as a hub for large companies, the cost of living is further driven up by premium housing, education, and healthcare expenses. To safeguard their families against these rising financial pressures, residents must opt for a strong financial backup.

Here are some of the term insurance coverage recommendations based on Gurugram’s cost of living, income slabs, and different stages of life:

50 Lakh Term Insurance Plan

Best for: First-job professionals, small families
Ideal Income Range: ₹5 - ₹10 LPA
Why is it Required: It provides financial security to cover liabilities like loans, monthly expenses, and children's education in case of an unforeseen event.

1 Crore Term Insurance Plan

Best for: Individuals with debts, with multiple dependents and long-term financial commitments, such as home loans and children's education.
Ideal Income Range: ₹10 - ₹25 LPA
Why is it Required: Provides substantial financial protection for families, covering liabilities like home loans, children's education, and daily expenses in case of the policyholder's untimely demise.

2 - 3 Crore Term Insurance Plan

Best for: Well-established professionals, households with higher liabilities
Ideal Income Range: ₹25 - ₹30 LPA
Why is it Required: managing significant financial responsibilities, including housing loans, extended educational needs, and maintaining quality of life

5 Crore Term Insurance Plan

Best for: High-net-worth individuals
Ideal Income Range: ₹50+ LPA
Why is it Required: Offers complete financial security encompassing all monetary obligations, property financing, and long-term future goals.

Quick Comparison of Term Insurance Coverage with their Premiums in Gurugram

Coverage	Life Stage Fit	What it Secures	Typical Premium
₹50 Lakh	Early-Career Individuals, Newlywed Couples	Outstanding debts + around 10 years of monthly expenses	Starting from ₹800/month
₹1 Crore	Parents with School-Aged Children, Dual-Income Households	Children’s future education + mortgage + about a decade’s earnings	Starting from ₹1200/month
₹2-3 Crore	Established Professionals, Business Owners	Upscale lifestyle maintenance + larger debt loads + overseas education costs	Starting from ₹4500/month
₹5 Crore	High Net Worth Individuals, Serial Entrepreneurs	Continuity of business + long-term wealth preservation + real estate holdings	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.

0% GST on Premium

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: Gurugram’s traffic-heavy roads and frequent accidents raise daily commute risks

What it does: Pays extra to your nominee if death occurs due to an accident.

Who needs it: Two-wheeler riders, cab drivers, gig workers, and daily commuters in high-traffic zones.

Accidental Death Benefit Rider

Critical Illness Rider

Why it matters: Gurugram’s air pollution, industrial clusters, and high-stress work culture raise risk of lifestyle diseases.

What it does: Pays a lump sum on diagnosis of major illnesses—supports treatment and offsets income loss.

Who needs it: Corporate professionals, residents near Udyog Vihar or Manesar, and those with chronic illness history.

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 Gurugram Residents?

Living in Gurugram comes with several lifestyle challenges, such as soaring housing rents, expensive private schooling, high healthcare costs, and sudden financial emergencies. Therefore, residents need a strong financial backup to secure their families during uncertain times.

In such scenarios, Digit Term Insurance can be an ideal choice for Gurugram residents, as it provides protection for both long-term needs and unexpected emergencies:

Comprehensive Life Coverage

Digit Glow Term Insurance offers coverage between ₹25 lakh to ₹1 crore. This wide range makes it suitable for young professionals starting their careers as well as established families in Gurugram who want to secure their financial future.

Flexible Premium Payments

Gurugram policyholders can choose how they want to pay—monthly, quarterly, yearly, or for a limited time. This flexibility makes it easier to manage rising living costs while ensuring continued protection for the family.

Optional Riders & Added Protection

Digit Term Plans include useful add-ons like accidental death benefit, permanent disability cover, and accelerated terminal illness payout. These riders give extra protection against common urban risks such as accidents, lifestyle diseases, and sudden health emergencies in Gurugram.

Wellness & Health-Related Perks

Apart from financial security, Digit Life also supports policyholders with doctor consultations, fitness advice, and discounts on medical tests. This is especially valuable in Gurugram, where healthcare costs are high and lifestyle illnesses are on the rise.

Affordable Premiums with Online Perks

Digit Glow Term Insurance comes with competitive pricing. Gurugram residents can also enjoy up to a 15% discount on online purchases, making it possible to get high coverage at a pocket-friendly cost while balancing household budgets.

Why Choose Digit Life for your Term Plan in Gurugram?

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 term plan 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 Gurugram

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 Gurugram

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

Current Address	Google Maps Link
1st Floor, Vatika City Point, City Point, Mehrauli Gurugram Road, Sector 25, Gurugram, Haryana 122002	📍 View on Maps

The unique challenges of living in Gurugram – from high accident rates on busy expressways to escalating healthcare costs and property prices – underscore the critical importance of adequate life coverage. Whether you're a young professional starting your career, a growing family with mortgage obligations, or a seasoned executive supporting multiple dependents, term insurance provides the financial safety net that ensures your loved ones can maintain their quality of life even in your absence.

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 Gurugram

How does Gurugram's increasing cost of living influence my term insurance sum assured selection?

The cost of living in Gurugram should be considered when calculating your sum assured. As housing, education, healthcare, and day-to-day expenses continue to grow, your family will need additional financial support to maintain their current standard of living. Calculate your sum assured based on estimated future costs, not the existing expenditures.

Is a ₹1 crore term insurance policy adequate for families living in Gurugram?

For most middle-class families in Gurugram, ₹1 crore might give them basic cover, but that may not be enough for overall financial security. Given Gurugram's steep property rates, education, and higher lifestyle costs, families usually require more coverage. The adequacy of your term insurance policy would be based on your family's individual needs, existing loans, children's education plans, and desired lifestyle sustenance duration. Try using the income replacement approach—multiply your annual income by the years remaining for retirement.

How will my existing home loan in Gurugram affect my term insurance coverage amount?

Your home loan will majorly affect your term insurance planning. The sum assured should cover your outstanding loan amount, so your family is not left with EMI payments in case of any untimely death. Home loans tend to be costly, as property prices in Gurugram are high. Combine your loan amount with your usual family expense coverage to arrive at the total sum assured required.

Can I relocate from Gurugram while maintaining my existing term insurance policy?

Yes, you can shift anywhere in India or even abroad while keeping your term insurance policy active. Term insurance policies are not location-dependent once issued. However, you must notify your insurer regarding your address change for communication purposes. Some companies may re-evaluate your risk profile if you plan to move to a high-risk area, but normal relocation within India does not affect your cover or premiums.

Does rising medical inflation in Gurugram impact my term insurance protection?

Medical inflation indirectly influences your term insurance requirements, as increased healthcare costs mean your family needs more funds. As riders such as critical illness cover go along with your term policy, medical inflation does influence the adequacy of those benefit levels. Periodic policy reviews ensure that your coverage is aligned with increases in healthcare expenses.

What's the ideal frequency for reviewing my term insurance coverage?

Review your term insurance at least once every 2-3 years or whenever you experience significant life changes. Reviewing a policy after marriage, childbirth, home purchase, significant salary increases, starting a business, or changes in financial responsibilities is essential.

As the sole breadwinner in my family, should I consider higher term insurance coverage?

Yes. With your family's entire financial well-being depending on your earnings, your term insurance must cater to immediate costs and long-term objectives such as your children's education and wedding, retirement planning, and debt repayment. Consider adding disability or critical illness riders to safeguard against the situation where you're alive but unable to work.

Do Gurugram residents face higher term insurance premiums due to their location?

Yes, Gurugram residents may face slightly higher term insurance premiums than those living in rural areas. Insurance companies consider regional factors when assessing risk profiles. Urban areas like Gurugram typically have higher living costs, which require a higher sum assured, thus influencing premium calculations. More significantly, residents in metropolitan cities are potentially exposed to greater health risks due to environmental factors such as air pollution, traffic-related stress, and urban lifestyle challenges.

Can I increase my coverage amount if living costs continue rising?

Most term insurance policies don't allow sum assured increases after policy issuance. However, you have several options, like purchasing additional term policies to supplement your existing coverage, looking for policies with built-in sum assured increase options at policy inception, or considering policies that offer the right to purchase additional coverage at specific life events without medical underwriting.

What factors determine term insurance premium rates in Gurugram?

Premium calculations for term policies in Gurugram primarily depend on the policyholder's age at entry, lifestyle risk factors, medical underwriting results, and the selected death benefit amount. These risk assessment parameters directly impact the premium structure throughout the policy tenure.

What rider options are accessible for term insurance policies in Gurugram?

Residents can enhance their basic term plans with supplementary benefits such as critical illness protection, accidental death coverage, and premium waiver facilities. These additional features allow individuals to customise their insurance according to their specific requirements and lifestyle needs.

What standard exclusions apply to term insurance policies in Gurugram?

Typical policy restrictions encompass self-inflicted death during the initial 1-2 year period, failure to declare existing medical conditions, engaging in high-risk recreational or professional activities, and withholding vital health information during application. These limitations remain consistent among leading insurance providers serving Gurugram residents.

What amount of term life coverage is recommended for Gurugram inhabitants?

Insurance experts typically advise Gurugram residents to secure protection equivalent to 10-15 times their yearly earnings. This calculation considers existing financial obligations, upcoming educational expenses for children, and Gurugram's escalating cost of living to guarantee comprehensive family financial security.

Do Gurugram residents need to undergo medical examinations for term insurance approval?

Health assessments depend on several factors, including the applicant's age, desired policy amount, and disclosed medical history. Insurance companies operating in Gurugram often exempt younger, healthier candidates or those seeking modest coverage from mandatory testing. However, senior applicants or those with elevated risk factors generally must complete medical screenings to determine appropriate premium rates and coverage eligibility.