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

1. Amit Kumar Singh says:

   February 10, 2012 at 5:11 pm

   Thanks Anshal.

   Reply
2. ashal jauhari says:

   February 10, 2012 at 5:09 pm

   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.

   Thanks

   Ashal

   Reply
   1. durga says:

      May 5, 2012 at 4:15 pm

      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,
      Durga

      Reply
      1. ashal jauhari says:

         May 11, 2012 at 3:16 pm

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

         thanks

         Ashal

         Reply
3. Amit Kumar Singh says:

   February 10, 2012 at 5:01 pm

   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
   Amit

   Reply
4. ashal jauhari says:

   February 10, 2012 at 4:49 pm

   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.

   Thanks

   Ashal

   Reply
5. ashal jauhari says:

   February 8, 2012 at 9:55 pm

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

   Thanks

   Ashal

   Reply
   1. Amit Kumar Singh says:

      February 10, 2012 at 4:28 pm

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

      Reply
      1. CJ says:

         March 9, 2012 at 3:22 pm

         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.

         Reply

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