Need info about best term plan

POSTED BY Amit Kumar Singh ON February 8, 2012 5:29 pm COMMENTS (9)

I am looking for one good life insurance term plan. Could you please suggest the best one ?
I will highly appreciate it.

9 replies on this article “Need info about best term plan”

  1. Amit Kumar Singh says:

    Thanks Anshal.

  2. Dear Amit, In my view, please purchase a term cover now from the insurer, you are comfortable at. Once the next good thing is on offer, you have the option to dump the prev. cover & purchase a new one. Why? You are going to purchase term plan to cover the financial risk of your family in your absence but what ‘ll happen if some thing happens to you before zeroing on the product & purchasing the same?

    Think over it.



    1. durga says:

      Dear Ashal,

      I agree 100% with your opinion. I have plan to take a term insurance policy for a month but delaying it with same reason as other reader i.e. waiting for LIC to come with revised premium amount on term insurance policy.

      Your reply helped me to decide to take the existing good term plan for now.

      Thanks you,

      1. Dear Durga, glad to know that we were able to help you decide. Please keep asking.



  3. Amit Kumar Singh says:

    Hi Ashal,
    Thanks for replying. I main concern is claim settlement. On that front LIC seems to be good but It has highest premium. I have heard that LIC is also planning to launch some online plan. May be they will have lower premium for that. Anyways, I will review the plans suggested by you.

    Thanks & Regards

  4. Dear Amit, Please check the following plans –

    I-Care from IPru (an online plan)
    Smart Shield from SBI – offline plan

    From your query, it seems you have already checked some plans & LIC due to high prem. is out of your list. Please confirm the same.

    It’s my personal request, whichever plan you opt, please disclose all the facts for your health condition as well as job profile. In case due to your health or job profile, your prem. is load up, it’s a good news for you for the reason that the insurer opted by you is willing to take the underwrite the risk associated with your life after due consideration.



  5. Dear Amit, can you explain what is ‘Good’ for you?



    1. Amit Kumar Singh says:

      it should be moderate premium payable plan with high claim settlement ratio.

      1. CJ says:

        Hi Amit I think Aviva i-life is a good policy for you then..
        It has a decent claim settlement ration and also has low premiums for a high SA.

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