9 replies on this article “Suggest me a best term plan?”

1. Ashal Jauhari says:

   March 11, 2013 at 10:11 pm

   Dear Anand, surrender ‘ll be a better choice as you can deposit the surrender amount as per your own needs & choice.

   Thanks

   Ashal

   Reply
2. Ashal Jauhari says:

   January 30, 2013 at 11:09 pm

   Dear Anand, as the mathematics is clear. Please go ahead with your term plan purchase. 🙂

   Please opt online term plans.

   Thanks

   Ashal

   Reply
   1. Anand Y says:

      January 31, 2013 at 5:38 pm

      Hi Ashal,

      Thanks :).
      But I am not able to finalize the best online term policy which suits me.
      Can you please suggest me on this.

      Thanks,
      Anand.

      Reply
      1. Ashal Jauhari says:

         February 1, 2013 at 12:33 am

         Dear Anand, ‘ll SKY fall on you tomorrow if you opt for next to the best or next to next to the best? Instead of chasing this perfection, please purchase a term cover from the insurer you are comfortable with.

         Time is running out for you. The sand is slipping very fast from your hand my dear friend.

         Thanks

         Ashal

         Reply
         1. Anand Y says:

            March 11, 2013 at 7:08 pm

            Hi Ashal,

            I have applied for HDFC Click 2 protect policy and it is issued also. So, now I am a term policy holder. Thanks to you and Jagoinvestor.

            I have a question now :). I have taken LIC – Jeevan Anandh for 5lacs in 2009 for 21years. Paying half yearly premium 12720. Till now 9 premiums(9*12720), means 4 and half years has been paid for the policy.

            Should I paid up or surrender this policy?
            Can you please suggest me what to do with this policy?

            Thanks,
            Anand.

            Reply
3. Ashal Jauhari says:

   January 30, 2013 at 4:49 am

   Dear Anand, how did you come to the figure of 50L? Any mathematical calculation was done or just as random figure?

   Thanks

   Ashal

   Reply
   1. Anand Y says:

      January 30, 2013 at 2:33 pm

      Hi Ashal,

      As of now, I m single, dont have any loans and dependents(my father retired but he will get pension). I am investing in MF as SIP and my current portfolio worth including all savings is 5lacs, My company is providing 30lac insurance to me.

      Considering all these facts, I felt to take 50L insurance.

      Thanks,
      Anand.

      Reply
4. Anand says:

   January 29, 2013 at 5:17 pm

   Go for online term plan of aviva india. (avivaindia.com)

   Reply
5. Free Financial Calculators says:

   January 29, 2013 at 6:34 am

   First decide on the insurance needed. It needs to be at least 15 times annual income. If you have a family later on you will need to increase the cover so please keep that in mind.

   Offline or online the primary requirement is to be honest and disclose all relevant information while filling up the form. Then it should not matter who you get the policy from.
   That said choose an insurer whom you are comfortable with. Someone who insists on medicals tests.

   Riders pay not only on death but also in the case of disabilities due to accident and critical illness both of which could lead to loss of income. A term insurance only pay on death.

   Best not to take riders and get them as individual,policies.

   Reply

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