How to diversify Term plan in 2 policies of 50 lacs each – Premium is higher !

POSTED BY dhiraj ON March 3, 2014 3:16 pm ONE COMMENT

Dear Manish,

I have noticed that premium of Sum assured at Rs. 50 lacs(Under Term Insurance) of all insurance companies are almost lower in the bracket. For example the premiun at Sum asuured Rs.40 lacs is higher than the premium of Sum assured at Rs.50 lacs. I want to diversify the sum assured of Rs.1 Crore into two parts i.e Sum assure of Rs. 50lacs each to be taken from Aegon Religare and AVIVA rather than taking Only from Aegon Religare or AVIVA. Kindly suggest am i in right way???

One reply on this article “How to diversify Term plan in 2 policies of 50 lacs each – Premium is higher !”

  1. Rokhan says:

    Dear Dhiraj

    Why are you taking term insurance for Rs 1 crore? Please explain how did you arrive at that figure?

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