4 replies on this article “Is it a good time to take LIC term insurance?”

1. abhinav says:

   April 16, 2014 at 2:55 pm

   Hi Niki,

   My two cents,

   Term plans, (for that matter any financial product) should be NEED driven and not CARE driven. The marketing department of these insurance companies reinforce exactly the later, wherein they try to cash the emotional quotient of the buyer to sell stuffs which ideally they do not need ( Pension Plans/Child Plans being few examples)

   If you have no financial liability towards your family, then term plans may not be the best prduct for you. Buy it if you have some liabilites.

   And if it is just out of care, then i would suggest to go for some other products.

   Regards,
   Abhinav

   Reply
2. ashalanshu says:

   April 16, 2014 at 2:12 am

   Dear Niki, if you die tomorrow, what ‘ll be the financial loss to your family in your absence?

   Thanks

   Ashal

   Reply
3. ashalanshu says:

   April 15, 2014 at 8:56 pm

   Dear Niki, if you need a term plan, purchase it.

   Thanks

   Ashal

   Reply
   1. niki says:

      April 15, 2014 at 11:26 pm

      Hi Ashalanshu,

      Can you explain what do you mean by “if you need a term plan” ?

      I guess term plan is if anything happens to you, then your family should be secure.
      So you mean if i care about them , then I need a term plan and
      if I don’t then I don’t need a term plan , right??

      Reply

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