Hi,
I would like to take term life insurance. I prefer to choose either icici iprotect or icici pureprotect. My friends say that incase of the death of the insurer, the dependend gets the amount deducing the tax in iprotect whereas its not in pureprotect .
say, If I take term life insurance of 1 Crore,
My dependends will get 70 lakh reducing tax in iprotect and 1 crore in pureprotect (premium is relatively high here)
Which you would prefer guyz?
Can you please share your comments?
Thanks in advance.