Best Term Inurance Plan

POSTED BY Aditya ON December 6, 2012 7:07 pm COMMENTS (4)

Hi Manish and Team,

I am 29 and have been following your website for quite sometime now. I have a couple of questions. I Currently have a loan liability of 10 Lakhs. Also I intend to purchase a House in a couple of Years’ Time.

I also have an SIP of Rs.1,000-/- each in a couple of Diversified Equity Funds.

Have a Jeevan Anand policy of 4 lakhs with an Annual Premium of Rs. 19,000-/-. I have also taken a term plan from LIC – Amulya Jeevan for an amount of Rs. 10 lakhs as I read that LIC process the claims better and it is better to have such a policy

I intend to take a pure Term plan and also a Health Insurance for me and my spouse. Can you please suggest a good Term Plan for 30-40 Years and also a good Health Insurance plan

Thanks & Regards,


4 replies on this article “Best Term Inurance Plan”

  1. Aditya says:

    Thanks Manish, Also I would want to know about Riders. Is it better to buy in the term plan or is it better to but separately.

    If it is advisable to buy separately, then what is the procedure to buy them

  2. Aditya

    The name of the company does not matter as much as your authentic information . So choose Aviva or Kotak or any company , it does matter a lot if you give 100% right info to them !

    So my personal suggestion is to just go with one of them !

  3. Aditya says:

    Thank You very much Sudarshan

    I also want to take the option of Critical Illness and Disability Riders. However, this plan does not offer this option.

    Also what is the idea on Kotak E preferred plan

  4. Sudarshan MS says:

    Hi Aditya,

    If you want a pure term insurance(which I highly recommend you should have) go for Aviva iLife plan… I am 25 now and paying 4100 yearly for 50 lakhs cover!! I guess its pretty cheap and comes under 80-c claim!! Also the process is very simple and should not take more than half an hour online.

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