POSTED BY September 29, 2012 8:27 pm COMMENTS (2)ON
I have decided to take following 2 term plan of Sum Assured 50lakhs each.
My age: 35yrs
1. Kotak (offline): Policy term: 30yrs
Premium: Rs. 12079/- (50Lac SA)*
Riders premium: Rs. 2100/-* (Accident, permanent disability, CR – 10L each)
* including service tax
Kotak online does not have any riders, premium for online is Rs. 9887/- (incl service tax)
2. AEGON Religare iTerm (online): Policy term: 40 yrs
Premium Rs 5650 (50 L SA)**
Riders premium: Rs. 2086/-** ((Accident, permanent disability, CR – SA-need to check)
**excluding service tax
Total: 1cr SA, Premium: Rs 22000/-
But if I plan for term insurance only from AEGON Religare iTerm of Rs 1 cr, premium would be Rs. 14130/- (excl. service tax and including riders). I have calculated from AEGON Religare website.
Query: Could you please suggest which option should I take, whether 2 policy or single policy of 1Cr from AEGON Religare iTerm as premium for single policy is less about Rs. 6000/-.
Also, any feedback about AEGON Religare?
Thanks in advance.