term insurance

POSTED BY Sateesh ON March 13, 2013 8:12 pm COMMENTS (6)

Hi, I am planning to take a term insurance for 1 crore for tenure 30 years. I am 26/male/non-smoker. Pls suggest me which one is good now a days in terms of settlement ratio,riders etc.. Pls share me if you have any links related to this.

 

Thanks in Advance

Sateesh

6 replies on this article “term insurance”

  1. Dear Sateesh, may I know your yly income & loan liabilities as well as family size & no. of dependents/

    Thanks

    Ashal

  2. Sateesh says:

    Hi ppl, l read in some links and i m planning like this. 50L pure term plan online without any riders(preferably AVIVA i-life)+ 50L term plan with all riders(yet to decide).

    Can i do like this? Pls suggest.

    1. stay away from all riders. Splitting your policy should be need based and lifestyle based. If you are married and if your family is closed then you could just insure yourself for suitable amt with one insurer.

      1 Crore is an approx figure which most people use without thinking. Many need much more insurance. If you have clear about your need great. If not if you have children you could use this to know your insurance sum needed.

      http://freefincal.wordpress.com/comprehensive-child-planner/

  3. Bond Bhai says:

    Sorry to piggy bank on this question, but did not want to create a separate question –
    Id somebody has a Endowement policy say the most popular Jeevan Anand, do we need to declare this one as well while we buy a Term Insurance Policy?

    1. Yes of course. Insurance is insurance irrespective of magnitude of sum assured.

  4. Dear Sateesh, easy way out – please read past discussions here in the forum & decide on your own which insurer is the best for you. Regarding Rider, only Waiver of Prem. is worthy of your money. CI or Accident riders are meaningless.

    For a direct spoonfeed answer – following insurers are offering online term covers.
    Aegon Religare
    Aviva
    Bharti Axa
    Future Genrali
    HDFC
    ICICI Pru
    PNB Metlife
    SBI

    Above is an indicative list only & not the order of preference.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS