Term Insurance for a business man – Govt or Private ?

POSTED BY rozariogaitan ON January 4, 2014 7:16 pm COMMENTS (2)

HI I WOULD LIKE TO TAKE A TERM INSURANCE FOR MY FAMILY.I AM 36 YRS OLD AND I AM A BUSINESS MAN.PLEASE GUIDE ME OF WHAT TYPE OF TERM INSURANE SHOULD I TAKE AND FORM WHICH INSURANCE COMPANY A PRIVATE ONE OR A GOVERMENT ONE,

ROZARIO

2 replies on this article “Term Insurance for a business man – Govt or Private ?”

  1. akv says:

    Insurance premium offered by private comp is less as compared to government comp and it comes with features like premium waiver on being diagnosed with critical illness.

    But if you are transparent enough in your dealings and declare all the facts , then your family should not be having any trouble in getting the claim settled.

    Among the public companies I would suggest you to check out the plans offered by SBIlife. Also this year LIC was supposed to come up with new plans and reduce the premium rates.

    PS: I am neither employee / agent of any insurance firm , you are requested to kindly check which plans suit you the best.

  2. ashalanshu says:

    Dear Rozario, your own comfrt level with the insurer should decide your company. What do you mean by Type of Term cover?

    thanks

    Ashal

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