Single or Joint Term plan – Which one will you suggest and Why ?

POSTED BY me.finanz ON September 26, 2013 10:51 am COMMENTS (4)

I am keen on taking a term plan.

What are the pros and cons of taking one such plan either as a single holder (me), joint plan first dead or both single plan (husband and wife). Which one would you suggest and why?

Thanks, Rajiv

4 replies on this article “Single or Joint Term plan – Which one will you suggest and Why ?”

  1. ashalanshu says:
    September 27, 2013 at 9:38 pm

    Dear Me.Fianz, for the given situation that both of you are NRI, not many options are there with you. Please check on your own and opt.

    thanks

    Ashal

    Reply
  2. me.finanz says:
    September 27, 2013 at 2:43 pm

    Sorry, we are based out of India but are looking for term plans which many of the Indian entities now seem to be offering for NRI. This was not so at least 2 yrs ago.

    Reply
  3. me.finanz says:
    September 27, 2013 at 2:41 pm

    Thanks Ashal,
    If so, both taking single plan – is that a good idea. Both of us work. However, it is I who would pay the premiums!

    Rajiv

    Reply
  4. ashalanshu says:
    September 26, 2013 at 11:23 pm

    Dear Rajiv, as far as I know, joint life Term plans are not available. if you do know such plan offered by any Indian Insurer, please enlighten us.

    Thanks

    Ashal

    Reply

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