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Need guidance in buying Term Insurance from Aegon Religare or other company ?

Hello,

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.

Sandeep

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