Digit Glow Term Life Insurance

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Buy Term Life Insurance in Kolkata in 2025

Kokata, the capital city of West Bengal, is a culturally diverse and economically prosperous region that is increasingly facing hurdles due to rising healthcare expenses, unpredictable weather patterns, road accidents, and urban congestion.

From the crowded streets of Kolkata to the interior rural areas, inhabitants struggle with inflation, monetary issues, and uncertain availability of quality healthcare.

In these circumstances, term life insurance provides more than just financial protection—it offers peace of mind. Whether you are an IT professional in Salt Lake, a businessman in the city, or a school teacher, term insurance secures your family's future even after you are gone.

With hassle-free online procedures, it's a wise, economic solution to safeguard your loved ones from the uncertainties of life. Let’s discuss the importance of term insurance in Kolkata, including how to choose the ideal coverage.

Why Having Term Plan is Crucial in Kolkata?

With increasing healthcare costs, employment market uncertainty, rising cost of living, and other factors, citizens of Kolkata are exposed to various financial uncertainties. A term insurance policy offers long-term financial security to your family members so that they can lead their normal life in case of your untimely demise.

The table below outlines the major reasons why term insurance is a must for citizens of Kolkata:

Risk Factor	Details	How Term Insurance Helps
Road Safety and Accidents	Like many urban centres, Kolkata experiences frequent traffic congestion and accidents, increasing the risk of road-related fatalities. In 2024, Kolkata experienced its first rise in road accident deaths in six years, totalling 165 by December, up from 159 in 2023. There was also a slight rise in injuries, with 1,754 reported in 2023. [source]	Term insurance provides financial protection to your family in case of accidental death. Adding an accidental death benefit rider ensures enhanced coverage.
Healthcare Costs	Post-pandemic, Kolkata has witnessed a sharp 37% rise in medical treatment costs. This has caused medical inflation in Kolkata, with treatment for critical illnesses becoming very expensive.[source]	A critical illness rider with your term plan ensures a lump sum payout on diagnosis, providing cover for medical expenses and easing stress during a sudden medical and financial crisis.
Economic Uncertainty	Many families face financial instability due to layoffs, business challenges, and rising inflation.	In the event of the policyholder’s death, term insurance helps the family maintain their lifestyle, pay off debts, and meet long-term financial goals without disruption.
Life Expectancy and Disease Risk	Though life expectancy in India is around 70 years, the rise in lifestyle diseases increases the risk of untimely death.	Offers long-term financial coverage, ensuring your family’s security even in the event of early death.
Income Replacement	Losing the primary earner can severely impact a family's ability to meet various financial commitments.	The sum assured acts as an income replacement, which can be received in a lump sum or regular intervals, ensuring consistent financial support for dependents.
Rising Cost of Living	The family of five's monthly expenses for living in Kolkata vary from ₹20,000 to ₹40,000, fueled by the rising cost of housing, education, and medical costs.	Term insurance serves as a financial cushion, ensuring that in the event of the policyholder's death, the family receives a lump sum insurance payout to cover ongoing living expenses, children's education, medical expenditures, and outstanding debts, without having to reduce their lifestyle.
Riders and Add-ons	Life coverage needs vary by person. Riders allow for more tailored and comprehensive monetary protection.	Add-ons like critical illness, accidental death, waiver of premium, and disability riders enhance coverage without needing a separate policy.

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

Residents living in Kolkata have a significant demand for term insurance due to the growing living expenses, rising healthcare costs, and other financial strains. The financial needs may differ by income levels and life stages. Here’s a quick guide for Kolkata residents:

₹50 Lakh Term Insurance Plan

Best for: Freshers, young IT professionals, newly married couples
Ideal Income Range: ₹5 – ₹10 LPA
Why is it Needed: Covers short-term liabilities like rent, loans, and around 8–10 years of basic expenses

₹1 Crore Term Insurance Plan

Best for: Mid-career professionals, dual-income families, parents of school-going kids
Ideal Income Range: ₹10 – ₹25 LPA
Why is it Needed: Ensures education costs, home EMIs, and approximately 10 years of income replacement

₹2–3 Crore Term Insurance Plan

Best for: Senior professionals, business owners, families with higher lifestyle needs
Ideal Income Range: ₹25 – ₹30 LPA
Why is it Needed: Protects against big-ticket liabilities, lifestyle expenses, and global education goals

₹5 Crore Term Insurance Plan

Best for: Large Families, High-net-worth individuals, entrepreneurs
Ideal Income Range: ₹50+ LPA
Why is it Needed: It ensures estate protection, business continuity, property goals, and long-term wealth security.

Quick Comparison of Term Insurance Coverage with their Premiums in Kolkata

Coverage	Life Stage Fit	What it Secures	Typical Premium
₹50 Lakhs	Young earners, new couples	Small loans + 10 years of household costs	Starting from ₹301/month
₹1 Crore	Young parents, dual-income families	Education loans + EMIs + 10 years of income security	Starting from ₹800/month
₹2-3 Crore	Business owners, senior professionals	Premium lifestyle + significant liabilities + overseas studies	Starting from ₹1200/month
₹5 Crore	high-net-worth-individuals, wealthy business entrepreneurs	Legacy planning + business continuity + 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: Kolkata 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 Kolkata.

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 Kolkata Residents?

Living in Kolkata presents a range of financial challenges, including increasing lifestyle costs, medical inflation, and the need for long-term wealth planning. Digit Life Term Insurance can meet these needs efficiently:

Low Premiums with Savings

Digit's discounts of up to 15% on online purchases make coverage affordable, helping citizens cover their families without straining their finances.

Health & Wellness Benefits

Digit Life mitigates the increasing prevalence of diabetes, hypertension, and cardiovascular diseases in Kolkata by supporting policyholders' health through access to doctor consultations, fitness coaching, and diagnostic services.

Optional Riders for Additional Safety

Features like accidental death benefit, disability cover, and terminal illness benefit deal with real-life setbacks in an urban environment like Kolkata, where both medical conditions and road threats are prevalent.

Extensive Coverage Plans

Digit Glow Term Insurance offers coverage ranging from ₹25 lakh to ₹1 crore, catering to the diverse income needs of Kolkata's population, ranging from young professionals to established entrepreneurs.

Flexible Premium Payments

Policyholders in Kolkata can opt for monthly, quarterly, yearly, or limited payment options, enabling easier budgeting amidst rising living expenses.

Why Choose Digit Life for your Term Plan in Kolkata?

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 Kolkata

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 Kolkata

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

Current Address	Google Maps Link
Ground Floor, Block C, Apeejay House, 15 Park Street, Kolkata 700016	📍 View on Maps

Living in a bustling metropolis like Kolkata comes with challenges like the rising cost of living, accidents, and increasing healthcare expenses. Thus, to safeguard your family against financial burdens in your absence, term insurance becomes a necessity. Opting for the right cover today ensures peace of mind and long-term safeguarding of your family's future.

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 Kolkata

How does the increasing cost of living in Kolkata influence the term insurance coverage I should opt for?

Due to inflation, the value of your money today will not remain the same in the future, and your financial responsibilities will only grow with time. Thus, factors like rising living costs, along with expenses such as children’s education, medical costs, or even buying property, must be considered when selecting your sum assured. Choosing adequate coverage ensures your family maintains financial stability despite rising costs in Kolkata.

Is a ₹1 crore term insurance policy sufficient for my family in Kolkata?

A ₹1 crore policy may be adequate now, but may not be sufficient in the future. As your earnings and family spending increase, the actual value of this cover will decrease. Thus, it is better to check your policy every few years to determine if you need to increase the coverage. This ensures your family's long-term financial requirements are taken care of in the rising economy of Kolkata.

I have a home loan in Kolkata. Should that affect my term insurance sum?

Yes, your home loan will have to be considered while determining your coverage. The term insurance sum assured should ideally be at least 10 times your annual income. Moreover, if you have liabilities such as a home loan, your sum assured should be large enough to include those, too. Thus, you ensure that in case of your untimely death, your family does not have to incur the loan repayment burden.

How frequently should I be reviewing my term insurance in Kolkata?

It is advisable to review your policy every two or three years. Life-altering changes, such as marriage, childbirth, or a sudden rise in income, are also factors which you should consider while reviewing. This time-to-time analysis ensures that your policy remains attuned with your current economic standing and sufficiently safeguards your family amidst the dynamic nature of Kolkata's economy.

What will happen to my policy coverage if I move out of Kolkata after purchasing term insurance?

Your term insurance policy will remain intact even if you change your location. In case you move out of the city or even go beyond the geographical boundaries of the country, your coverage remains the same, provided you pay the premiums on time. Thus, in the event of your untimely death, your nominee will receive the death benefit irrespective of your location.

Does Kolkata's medical inflation affect my term insurance needs?

Yes, medical inflation in Kolkata can influence healthcare charges, which can escalate insurance premiums over time. This is because insurers have to bear more risk when they cover medical-related costs. Thus, as medical expenditures rise, insurance companies tend to adjust their premium rates to handle such expenses. To stay on track, consider buying term insurance quickly and selecting a larger coverage amount before prices increase.

If I am the only earner for my family in Kolkata, do I require greater coverage?

Precisely, yes. If you are the only breadwinner of your family, having a higher sum assured is a necessity. Financial experts recommend coverage equal to at least 10–15 times the value of your yearly salary. This way, your dependents can cope with expenses comfortably and maintain their lifestyle in Kolkata even after your untimely demise.

Does living in Kolkata mean I will need to pay higher premiums for term insurance?

Yes, residing in a Tier-1 city like Kolkata may increase your premium due to increasing living expenses and lifestyle-associated risks. Though relatively more affordable than other metro cities, Kolkata is still a place where term insurance coverage needs are higher than in smaller towns. For example, having a ₹50–75 lakh term insurance in a Tier-3 city may be sufficient. However, in Kolkata, you will need ₹2–3 crore to get the equivalent coverage. This is due to the increasing cost of living and the expense of sustaining a metropolitan lifestyle.

Can I add more term insurance cover in the future if costs go up in Kolkata?

You cannot enhance your coverage when it's set under a standard term plan. For higher protection, you will have to purchase a new policy. However, if you take an increasing term insurance plan, the sum assured will automatically increase by a certain percentage per annum. This will help you cover the rising costs of living in Kolkata without needing a separate policy.

What tax advantages are available to residents of Kolkata through term insurance?

Kolkata residents are eligible to receive tax deductions of up to ₹1.5 lakh under Section 80C for the premiums they pay. Furthermore, the death benefit received by your family is typically tax-exempt under Section 10(10D).

Can I enhance my term insurance sum assured if my lifestyle costs in Kolkata increase?

With regular term plans, the sum assured remains constant. To keep up with Kolkata's increasing lifestyle costs, you would need to purchase a new policy or invest in an increasing term insurance policy that automatically increases coverage each year to keep up with inflation and changes in lifestyle.

What kinds of riders are typically offered with term insurance policies in Kolkata?

Term insurance plans in Kolkata offer effective add-ons alongside the term plan, like accidental death benefit, critical illness coverage, and waiver of premium. These riders provide additional protection and are ideal for Kolkata's citizens, ranging from IT experts to small entrepreneurs.

What are the typical exclusions in term insurance policies in Kolkata?

Some notable exclusions in term life insurance policies in Kolkata include suicide during the first 1–2 years, hidden pre-existing illnesses, and fatalities from risky sports. Non-disclosure of medical history is one of the most common causes for denial of a claim.

What amount of term insurance should a person living in Kolkata ideally possess?

Financial experts recommend opting for coverage equal to 15 to 20 times your yearly income. This covers the increasing cost of living in the city, children's education, and pending liabilities such as home or business loans.

Is a medical check-up required to purchase term insurance in Kolkata?

Yes, certain medical tests can be administered depending on your age, coverage amount, and health. Although younger applicants or those who choose lower coverage may be exempted from tests, high coverage seekers and older residents typically need to take basic health check-ups.