Hello,
I would like to take a term insurance. I am 30 years old. I am planning to take a sum assured of 25L for a period of 30 years. I prefer an insurance with high reliability, transparency and good service. I am confused to chose the suitable term insurance. Here are the options I consider and my comments,
1. SBI smart shield – The Accidental Death Benefit (ADB) and other riders are removed from 1st Oct 2013.
2. SBI e shield – Online term insurance. It has ADB riders and bit cheaper compare to offline.
3. Kotak mahindra preferred term plan – It has ADB riders and bit cheaper than SBI smart shield.
4. Kotak mahindra e-preferred term plan – It is a comprehensive online term plan with a step up option and cheaper.
Which is the best among four? I think online term plan are attractive but I am worried about the reliability as I read many warnings and bad experiences about online term insurance. Also I trust SBI over Kotak just as a common man.
Please give your valubale suggestions and help me to chose a better plan.
Thanks
bishebi