Term Insurance Policy or TROP Policy

POSTED BY VishalKoul ON October 13, 2013 10:02 am COMMENTS (3)

I need some help with respect to which policy should i take , I did some research and below are the numbers.

My details are :  Age 27 , Housing Loan 45 Lacs , Single (About to Marry)….AEGON/RELIGARE has an accidental waiver other than that i could not really find why there is huge diff between companies.  there is another thing which i came to know today itself and that is TROP though they have huge premiums.

Confused seek help ?

2 crore / 35 years

Tata/AIA Life iRaksha – 14832.00

AVIVA iLife – 15080.00

AEGON/RELIGARE iTerm (Medical) – 15281.00

PNB/METLIFE MetProtect – 24719

2 crore / 30 years

TATA/AIA — 13933

AVIVA — 15009

HDFC Life  –21124

SBI Life –21394

1 crore/ 35 years

Tata/AIA Life –iRaksha—7753

AVIVA        –iLife— 7540

AEGON/RELIGARE –iTerm (Medical) –7641

PNB/METLIFE– MetProtect–12360

1 crore / 30 years

TATA/AIA — 7528

AVIVA — 7505

AEGON/RELIGARE–7641

HDFC Life  –10500

SBI Life –10697

3 replies on this article “Term Insurance Policy or TROP Policy”

  1. ashalanshu says:

    Dear Vishal, OK. the basic understanding of TROP is OK. Now do tell me, what ‘ll be the prem. for you if you opt 1 cr. cover for 30Y in plain vaniall term cover and TROP with the Insurer of your choice. Please check the prem. numbers in both cases and reply here.

    Thanks

    Ashal

  2. VishalKoul says:

    Hi Ashalanshu,

    I am not really aware of it exactly but TROP means that you get your premium back with some benefits. I am myself seeking some opinion experts in this forum for which insurance i shud take,

  3. ashalanshu says:

    Dear Vishal, what is good in TROP? Please tell us.

    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Your email address will not be published.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.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today