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Opinion regarding term plan of Aegon Religare

I am a 30 years old male, a non-toboco consumer. I am planning to buy a iterm plan of AEGON Religare(with all the term riders and a period uptill 75 yrs of age), worth Rs. 50 lacs, may be when online policy of LIC comes, i will be buying that also (having a term amount of Rs 50 lacs). I Please let me know your experts inputs:
My annual income : 7 lacs
I have a housing loan of 20 Lacs for a period of 15 yrs

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