Hello Folks,
I am looking for a term insurance for my wife who is a working women. After looking at many plans, I have now decided 2 plans. One is Aviva iLife(Here is the Aviva’s Brochure) and the another one is SBI eShield(Here is the SBI eShield’s Brochure).
Now I am confused as to which one to select out of these too. Need your valuable opinion in this regard. Thanks in advance.
Other Details:
- Wife’s Age -> 29 Yrs.
- Income -> 12L PA
- Term Insurance Value -> 1 Cr
- Aviva’s Quote for 30 years -> 7000+
- SBI eShield’s Quote for 30 years -> 9000+
I have read the brochures of both the companies and found the terms are almost same except for the cause of death. While Aviva covers any type of death(except suicide in an year from the date of policy issued), SBI doesn’t cover deaths due to War, Civil commotion, Infection, Drug Abuse, Nuclear Contamination, revolution, etc….
Hope I have given all the details required to give your valuable input. Thanks again.
Thanks,
Ram