Term Plan

POSTED BY Tarun ON March 15, 2011 7:42 pm COMMENTS (2)

Hi,

I want to take one term plan for 50Lac for 30 years. I have read the article written by Manish on this topic and have come to know that there is a big difference between the premium of LIC and the premium of other private players in this sector. 

I am confused now, should i go for LIC or the private players like Agon or ICICI. How realiable the private players are? As you all know, this is one thing which no one wants to take any risk. So Kindly advice on the same. 

 

Tarun

2 replies on this article “Term Plan”

  1. Jagadees says:

    Hi Tarun,

    If you are not comfortable with LIC (due to high premium) and Private players like kotak, aegon (due to credibility issue), then my suggestion would be to go with life insurance from nationalized banks. I feel the claim settlement will be good through the bank’s branch service rather than running behind agents (Its my personal opinion).
    1. SBI life insurance offers ‘SBI smart shield’
    2. Bank of baroda’s India first life insurance offers ‘Life plan’ (i heard some good review about their customer service)

    Regards
    Jagadees

  2. Atul says:

    Hi Tarun,

    I hope you have read the full article and comments. That will give you enough information to take your own decision.

    Regards

    Atul

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