Hi, The day before yesterday I called up one lic agent. He show me some policies from which one policy was like as follow;
1) Annual Premium = appro. 56000 . Premium should be paid till 58th age.
2) Cover starts from 20 Lacs and every year it increase by certain amount (i dont remember exact by which factor).
3) After maturity you will get sum assured + Bonus etc.
4) And till the age of 100 / till death I would get around appro. 1.60 Lac every year.
What kind of this plan is ? When I ask this question to agent he said he will show me only when I confirm to take this policy (and only from him).
Will it be a good policy.
I want to go for term insurrance. Which has less premium. and good cover.
anybody help thanks.