Digit Glow Term Life Insurance

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Buy Term Life Insurance in Kochi in 2025

For residents of Kochi, securing their families' financial future is a crucial concern, considering the rising living expenses, liabilities, and family responsibilities. Kochi is the 15th most expensive city in India, with a monthly average cost of living of ₹27,265.5. In such a scenario, term insurance in Kochi offers a much-needed safety net, providing higher coverage at reasonable rates.

If the policyholder passes away within the policy term, their family can claim the sum assured to meet their financial needs. Whether you are a working professional with dependents, a young couple, or have a growing family, term insurance can serve as an ideal financial backup for your loved ones in your absence.

Here’s more about term insurance in Kochi, tips for selecting ideal coverage, and how the cost of living influences the sum assured amount!

Why Having Term Insurance is Crucial in Kochi?

Several factors indicate the importance of having term insurance in Kochi. Check out the table below for more details:

Reason	Details	How Term Insurance Helps
Road Traffic Accidents	The highly congested roads of Kochi point towards the rising risk of accidents in this city. As per records, Kerala experienced nearly 28724 road accidents as of July 2025. [source]	With term insurance, beneficiaries can claim the sum assured upon the policyholder's accidental death. You can add accident coverage riders with the base plan to enable your nominees to get an additional payout in the event of death due to a road accident.
Healthcare Costs	Kochi is a growing city with a high medical inflation rate. The treatment cost for critical illness and other medical needs is higher compared to surrounding regions.	Individuals can lower their financial stress by opting for term insurance with critical illness add-ons.
Rising Cost of Living	When compared to the average national inflation rate, Kochi has a higher cost of living. According to data, the average living expense of Kochi is ₹1,01,340 for a family of four. [source]	With term insurance, families can meet their basic expenses if the sole breadwinner passes away within the policy term.
Life Expectancy	As per records, the average life expectancy rate in Kerala is around 75 years. However, the increasing lifestyle diseases and critical illnesses indicate the risks of untimely death. [source]	In case of the premature death of the policyholder, term insurance protects the dependants from financial hardships by covering their daily needs or liabilities.

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

As a Tier-2 city, the need for term insurance in Kochi is higher than in many other Indian cities. The rising living and medical expenses of Kochi, high rent prices and educational costs are the primary reasons for this.

The recommendations for term insurance coverage for Kochi residents are given below based on their living style, income slab, and stages of life:

50 Lakh Term Insurance Plan

Best for: New working professionals, young couples, and first-time parents
Ideal Income Range: ₹5 to ₹10 LPA
Why is it Required:
- Provides emergency coverage for essential responsibilities
- Covers children's education, rent, and living expenses

1 Crore Term Insurance Plan

Best for: Dual-income families, mid-career professionals, parents with school-going kids
Ideal Income Range: ₹10 - ₹25 LPA
Why is it Required:
- Coverage for increasing family needs and rising living costs
- Ideal coverage for up to 10 years family income
- Helps repay small home loans

2 - 3 Crore Term Insurance Plan

Best for: Established professionals, families with large liabilities
Ideal Income Range: ₹25 - ₹30 LPA
Why is it Required?
- Helps handle higher liabilities like home loans
- Covers long-term education in India and abroad
- Provides lifestyle protection

5 Crore Term Insurance Plan

Best for: High-net-worth individuals, established business professionals

Ideal Income Range: ₹50+ LPA

Why is it Required:

Provides comprehensive protection to cover all financial commitments
Helps repay property loans
Protection for future goals

Quick Comparison of Term Insurance Coverage with their Premiums in Kochi

Coverage	Life Stage Fit	What it Secures	Typical Premium
₹50 Lakhs	Young parents, early career starters	Small loans + daily expenses up to 8 years	Starting from ₹400 / month
₹1 Crore	Families with school-going children, dual-income families	Education + small home loans + up to 10 years family expenses	Starting from ₹800 / month
₹2-3 Crore	Business owners, established working professionals	Premium lifestyle + huge liabilities + international education	Starting from ₹1200 / month
₹5 Crore	Entrepreneurs, high-net-worth individuals	Business or family wealth continuity + long-term financial goals + property investments	Starting from ₹4500 / 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: Kochi’s traffic jams, damaged roads, monsoon flooding, and reckless driving make daily commutes dangerously accident-prone.

What it Does: Provides an additional lump sum payout to your nominee in the event of death due to an accident, offering financial protection during a sudden and devastating loss.

Who Should Consider It: Ideal for Kochi’s daily commuters, two-wheeler riders, cab drivers, and residents facing traffic bottlenecks, waterlogged roads, and flood-prone urban zones.

Accidental Death Benefit Rider

Critical Illness Rider

Why it matters: Kochi’s rising pollution, urban stress, and health risks from landfill fires and contaminated water heighten lifestyle disease exposure.

What it does: Provides a lump sum on diagnosis of major illnesses to ease treatment costs and income loss.

Who should consider it: Stressed professionals, those with family health history, and residents near high-risk zones like Brahmapuram or flood-prone areas.

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 Kochi Residents?

With Digit Life Term insurance, the residents of Kochi can secure their dependants’ future expenses even in their absence. Their affordable term insurance premium, flexible payment options, and wide coverage help Kochi residents sustain the rising living expenses.

Affordable Protection Against Rising Living Costs

Digit’s flexible coverage helps Kochi residents manage fast-growing expenses like rent and utilities. This helps secure their family’s future without stretching monthly budgets.

Flexible Payment Plans for Irregular Incomes

Kochi’s mix of salaried and self-employed workers benefits from Digit’s options to pay premiums monthly or quarterly, matching their diverse cash flow patterns.

Riders for Accidents in Urban Traffic

The risk of traffic accidents is higher in Kochi. With Digit Glow term insurance’s accidental death and disability riders, residents can get extra protection for working-age residents and daily commuters.

Wellness Benefits for Pollution-Linked Health Risks

Digit Glow term insurance wellness programmes support Kochi users facing pollution-induced respiratory and lifestyle diseases, adding value beyond simple term coverage.

Why Choose Digit Life for your Term Plan in Kochi?

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 Kochi

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 Kochi

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

Current Address	Google Maps Link
7th Providence, 35/3077A, Kochi Corporation Door Number, 44 1738 A, Mahakavi Vyloppilli Road, Palarivattom, Kochi, Ernakulam, Kerala 682025	📍 View on Maps

Living in Kochi, a Tier-1 city with relatively high living expenses, makes it essential to plan for your family's financial security. One of the most reliable ways to do this is by opting for a term insurance plan that financially safeguards your loved ones in the event of your untimely demise during the policy period. However, when choosing a policy, it's essential to consider that rising inflation erodes the value of money over time.

For instance, a cover of ₹10 lakh might seem adequate today, but its purchasing power will drop significantly in the next decade. Therefore, selecting a higher sum assured that accounts for inflation, increasing household needs, and future liabilities is crucial. This ensures that your family continues to live comfortably and remains financially stable 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 Kochi

How does the cost of living in Kochi impact the ideal sum assured for term insurance?

Since Kochi is an expensive city to live in, your term insurance cover must factor in both today's high expenses and the effects of inflation. Over the years, the real value of a fixed sum assured gets reduced, making it insufficient for long-term needs. At the same time, your liabilities—such as funding your children's education, marriage, or purchasing assets like a home or car—are likely to rise. Therefore, the death benefit should be significant enough to cover these future costs while maintaining your family's financial stability.

Is a ₹1 crore term insurance cover sufficient for a family in Kochi?

A ₹1 crore sum assured can be adequate at present, but with Kochi’s rising living costs and your growing financial responsibilities, this amount may not remain sufficient in the long run. As your income and lifestyle improve, expenses like children’s education, healthcare, or loans may increase. Hence, it’s wise to review your policy every few years and enhance your coverage whenever required to ensure your family’s long-term financial security.

I have a home loan in Kochi. How does that affect the term insurance cover I need?

When deciding on your term insurance sum assured, a common rule is to opt for coverage that’s around 10 times your annual income. However, if you’re repaying a home loan, your policy should also account for the outstanding loan amount. This ensures that, in your absence, your family won’t struggle with repayment obligations and can continue living in the house without financial stress.

What happens to my term insurance if I shift out of Kochi?

Even if you relocate from Kochi to another city, your term insurance cover remains valid. A change in residence does not affect your policy benefits. As long as you continue paying premiums on time, your dependants will still be eligible to receive the claim amount in case of your unfortunate demise. Therefore, it's essential to keep the plan active for your family's financial protection, regardless of where you live.

Does the rise in healthcare costs in Kochi influence my term insurance needs?

Yes, increasing medical inflation in Kochi has a direct effect on term insurance. As healthcare treatments become more expensive, insurers face higher risk exposure, which often leads to a rise in premium rates. This makes it essential to purchase coverage early, when premiums are lower, so you can lock in affordable rates. By acting sooner, you ensure long-term protection for your family at a manageable price despite future medical inflation.

How frequently should I review my term insurance cover?

It is advisable to review your term insurance plan every 2–3 years to check if the coverage is still adequate. You should also reassess your policy after major life events such as marriage, the birth of a child, purchasing a home, or a significant rise in income. These milestones usually bring new financial responsibilities, and updating your coverage helps ensure your family remains fully protected at every stage of life.

Should I opt for a higher term insurance cover if I’m the only earning member in Kochi?

Yes, as the sole breadwinner, your family depends entirely on your income to manage daily expenses and future needs. A larger sum assured ensures they remain financially supported if something happens to you. Generally, experts recommend choosing coverage that is about 10–15 times your annual income. This helps cover ongoing costs, liabilities, and long-term goals like education or marriage, giving your dependants greater financial security.

Are term insurance premiums more expensive simply because I live in Kochi?

Premiums aren’t directly higher just based on where you live, but the ideal coverage amount depends on the city’s cost of living. In a Tier-1 city like Kochi, expenses and inflation are significantly higher compared to smaller cities. For instance, a ₹50 lakh cover may be sufficient in a Tier-3 city, but in Kochi, maintaining the same lifestyle could require a coverage amount of ₹3–5 crore. Since a higher sum assured is needed, your premium amount naturally becomes higher as well.

Can I enhance my term insurance cover later if my expenses go up?

With a standard term insurance plan, the base sum assured is fixed, so you usually can’t increase it midway. If your living costs rise, you would need to buy an additional policy with a higher coverage amount. However, if you opt for an increasing term insurance plan, your sum assured automatically grows by a set percentage every year. This feature helps the cover keep pace with inflation and rising financial needs over time.

Do I need to go through medical checkups before purchasing term insurance in Kochi?

Medical check-ups are typically required for higher coverage amounts or older age groups in Kochi to assess health risks and determine premiums accurately.

What are the exclusions of a term insurance policy in Kochi?

Common exclusions include death due to suicide within 12 months, death from hazardous activities, pre-existing conditions not disclosed, and deaths from criminal acts or intoxication. These apply uniformly across Kochi and India.

What is the ideal term insurance coverage for Kochi residents?

Residents should opt for coverage 15-20 times their annual income, accounting for Kochi's rising real estate, healthcare, and education expenses to adequately support dependants.

What are the available term insurance riders in Kochi?

Digit offers riders such as accidental death, accidental disability, critical illness, terminal illness, and waiver of premium. These provide additional financial security for Kochi residents facing urban risks and health concerns.