April 4, 2012 4:47 pm
Looking for a term plan for 50 lac for age 33, Male
Please suggest a good company and duration also 25 or 30.
Thanks in advance
Dear Arti, please clarify how do you come to the sum assurewd figure of 50L Rs. for yourself? If possible to you, please share more details about you.
I feel in term plan, claim settlement track record ( average ratio of last 5-7 yrs ) should be compared and not premiums.
We do not have data regarding pure term plans, so comparing a half-cooked misleading ratio (in which we do not have ANY detailed data of the numerator and denominator) is not a good idea.
See this post: http://www.subramoney.com/2012/03/insurance-claims-settlement/
Agree with Darshan. HDFC Life is a good company to invest in.
policybazaar.com will give you some good options. I have cover from Aviva and it came to around 5,000 yearly (age was 31).
But there is another post by Manish that says that beyond 50 lacs, the cover can be increased without paying much additional premium. So why not explore that option and go for a cover of 60 or 70 lacs?
I think HDFC Life’s Click2Protect is good option…available online for low premium…also good record…another option could be SBI Life and ICICI Prudential…opt for online cover as premium would be very low…
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