5 replies on this article “Term Plan with refund of premium?”

1. Manish Chauhan says:

   August 3, 2012 at 9:37 pm

   Sanjay

   Return of premium is going to charge you higher premium that “Plan term plans” , They will put the excess amount you pay compared to normal term plans in say FD , and later whatever amount accumulates, they are going to just pay you part of it , whats so exciting about it ?

   Can you tell us the premium amount in case of return of premium option and with out return option and tenure of the policy ?

   Reply
2. SANJAY KUMAR says:

   August 3, 2012 at 9:18 pm

   Thanks all for the inputs. What is loss if one can get back the primum paid after surviving the tenure of insurance? Investor’s Money is NOT coming for FREE either?

   I have come across one term plan from Birla Sun life called Premium BAck term Plan with 100% or 125% of premium can be paid back.

   Since premium calculcations & other information is NOT available online, I couldn’t commnet on other aspects of this policy.

   Can someone please elaborate?

   Reply
3. BanyanFA says:

   July 31, 2012 at 2:20 am

   Sanjay,
   Any insurance policy which offers any thing in return (other than the sum assured in case of death) is going to charge you for giving you that extra return. And in most cases the return on your money given to Insurer is pathetic. Better go for a pure term insurance which provides no return and gives just term cover and invest the remaining amount.

   Regards
   BanyanFA

   Reply
4. Ramesh says:

   July 30, 2012 at 10:51 am

   There are no Free Lunches.

   Reply
5. Ashal Jauhari says:

   July 29, 2012 at 11:36 pm

   Dear Sanjay, there are so many term plans offering the return of prem.? May I know why you are interested in such policies?

   Thanks

   ashal

   Reply

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