POSTED BY January 18, 2013 11:13 pm COMMENTS (8)ON
Hello Jagoinvestor Experts,
I am 33 years old software professional. I do have Life cover via corporate group insurance of ~1 Cr. However as per standard calculations I need around 2 Cr. total cover. I had a LIC jeevan beem gold policy which i surrendered recently. Now I am planning to take ~1 Cr online term plan. Based on my analysis I have short listed Aviva iLife and kotak e-preffered plans for 27 year duration. I m married but have no children.
Aviva has very compettive rates (almost 2/3rds of kotak) but kotak one has a nice options of step UP and step Down which is a practical need in life. However I am not sure if thats options is worth paying 50% extra premium every year.
Any tips/guidance would be much appreciated.