term plan

POSTED BY raghunandan ON June 15, 2012 11:44 am COMMENTS (9)

Hi all,
I am 30yrs old, single working as a software engineer. I want to buy a term insurance for 50lacs. I observed Aegon term plan is very low premium and covering more term means up to 75 yrs. but i dont know more information about this.so Can you please suggest me a good term policy.am giving preference as
2.HDFC Life
3.ICICI Pru life
pls suggest me in these

Thanks & Regards,

9 replies on this article “term plan”

  1. Dear Raghu,

    As Ashal pointed out, you should take into account your annual income and financial liabilities before deciding on the cover amount.

    Our online platform, http://bit.ly/IgvQDe, takes these factors into account and recommends a cover that is right for you. Additionally, there are a few things you should consider before choosing a term plan:

    1. Claims performance
    2. Service reputation of the brand
    3. Convenience offered in terms of medical checkups, online sign up/ payments and services

    You may consider ICICI Pru iCare, a term plan from ICICI Prudential Life Insurance which has been chosen by consumers as the “Product of the Year 2012” in the Life Insurance Category based on a survey of over 30,000 people by Neilson.

    Regarding your concern about claims, ICICI Prudential Life Insurance has a healthy claims record as cited in the following news articles http://bit.ly/HejDZA and http://bit.ly/HTbw7S.

    This plan can easily be purchased online and allows you to get a cover of upto 1 crore without any medical tests. This makes it very easy and quick to get protected.

    To find out more about this product and to see if it suits you, please visit http://bit.ly/IgvQDe

    Please understand that we only offer suggestions based on your requirements, however choosing a policy most appropriate for you remains at your discretion.

    Warm Regards,
    Life Insurance Help
    ICICI Prudential Life Insurance

  2. raghunandan says:

    s sir, i think max rick is at that age only so am looking for max term.but i have one small doubt also, at that age any risk happened if they r reject that claim what is the position

    1. Dear Raghu, you mean to say that at your age 70 or 75, there ‘ll be a lot of financial liabilities on you for your family?



      1. raghunandan says:

        s ir pls give me one good suggestion weather i go with Aegon or hdfc or any other one which one is good.eagerly i’ll wait for ur reply
        thank you sir

        1. Dear Raghu, It’s matter of your own personal comfort level with the insurer discussed by you. To me all are same. On the basis of prem. charged, you may go with Aegon Religare but be sure that Aegon Religare do has branch office in your city for the reason – as & when the claim happens, same w’d be filed @ local branch office.



          1. raghunandan says:

            thank u 4 replying sir. u r suggested me Aegon Religare but in our city Aegon Religare office is not there. so for which company i’ve to give next preference.what is ur opinion on max newyorklife. it is located in our city.pls give me suggestion.

            Thank u

          2. Dear Raghu, you may go for Aviva or HDFC or Bharti or ICICI.



          3. raghunandan says:

            thank you sir
            max i finalized in my insurance policy
            in this two i’ll take any one policy
            thank u for ur suggestion sir


  3. Dear Raghu, May I know what kind of financial liabilities you w’d have at age 65 or 70 or 75? Do you really require term cover till that age?



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