Hi,
After doing some research on term insurance plans, I finally decided to divide the sum assured into two. 75+75. I chose this amount as I am having a house loan of 18L.
Coming to choice of term plans, I found LIC, HDFC, ICICI, Birla are having good consitent settlement ratios. Aegon(i Term) is more of a starter in terms of settlement ratios
Seems like only ICICI had the accident death rider. Aegon has riders like Accident and critical Illness. No riders for HDFC.
Regarding less premiums. Aegon is the clear winner and Aviva coming next i suppose and then HDFC, ICICI.
So after the above research I found, a mix of private and LIC will serve my purpose. ICICI is having higher premiums. But better setllement ratio.
However I prefer LIC(online when announced) for settlemnt issues.
In Aegon, I found riders and less premium. So I can use this less premium option to take LIC at later stage.
AS of now, mostly planning towards Aegon but Aviva is also in mind. Please help in taking the final decision.