iProtect VS SBI term insurance

POSTED BY Rajesh Guptha ON August 23, 2011 5:16 pm COMMENTS (2)

Hi,

I am looking to buy a term insurance. Got a quotation for SBI – for 30 yrs, SA-1Cr, its around 19K. While the same in iProtectII is for around 12K.

Things to be noted is – that SBI has 3 riders –

Accelerated Critical Illness Cover Option

Accidental Death Benefit Rider (UIN: 111B015V01)

Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V01)

 

While in iProtect, only accidental death benefit rider is available.

Please advice, if im missing out any option in iprotect product or does it not provide any of these riders?

 

Regards,

Rajesh

2 replies on this article “iProtect VS SBI term insurance”

  1. Dominic Prakash says:

    I feel 19K is toooo much. You should also try Aviva online. New one in this online term insurance space.

  2. One point is the 19k premium might be still without any riders ? Or is it with riders ? When you add those riders in the calculator , the premium will rise furthur

    The reason iprotect premium is less is that its a online term plan .

    Manish

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