Suggestion for selection of Term Policy

POSTED BY Pavan Prasad ON April 6, 2012 1:09 pm COMMENTS (2)

Hi,

I am 30 years old, married with two kids (4 Years and 8 months of age). At present I dont have any term policies. Now I want to take a term policy for 60-70 lakhs.
Kindly suggest that which is the best company (LIC / SBI Life / HDFC Life or any other) to take term insurance plan and also inform approximate premiums for the same………..

Thanks in advance,

Regards,

Prasad

2 replies on this article “Suggestion for selection of Term Policy”

  1. Dear Pavan, May I ask how w’d you come to the figure of 60-70L Rs. sum assured that it is enough for your family’s need in your absence?

    Thanks

    ashal

  2. The insurance provider you have choosen are good. I would suggest to for split insurance.
    25 Lakh with LIC and 50 Lakh with other provider.

    LIC is the most expensive of all. There are talks of reducing the premiums. This is on cards not sure when will it happen.

    I would go with LIC and HDFC

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