Hi,
I ama 25 yr old male (non-smoker) and am recently looking for a good term insurance policy of 50 lakhs (minimum) for 30-40 yrs. I have zeroed in in on Aviva i-life and Aegon religare iTerm plans.
The details are : Aviva | 50 lakhs | 35 yrs | premium 4093
Aegon | 50 lakhs | 35 yrs | 4045 and for 50 yrs (max) 4326 (All values include Service tax)
I like both the plans, based on your experiences, i would like to know which one is better, based on service, customer care and claim settlement ease.
Also, I have additional questions pertaining to Term insurance in general :
1. I have taken term insurance today and lets say after some time, i have to go abroad to work there, does the policy continue as is and does it cover me there ?? Also do i have to notify them, if its a short travel or even if it is a longer stay ??
2. Since the sum assured is 50 lakhs, i will have to go for medical tests. Lets say after the tests, they decide to charge me a high premium, can i decline the policy ?? what are the charges applicable then ??
3. Also, i read that most of the policies do not cover death due to terrorist attacks or natural disaster, is it true ?? what if i want cover for that ??
I know these are a lot of questions but i’m quite new to this and am still researching…..Thanks in advance for your time.