POSTED BY October 7, 2012 12:27 pm COMMENTS (4)ON
I already have a term plan from LIC (ANMOL JIVAN)OF RS 10,00,000.
Want to buy another term plan.
I want to choose from following to plans.
1) HDFC Click 2 protect
Reason- Good claim settlement ratio.
2) Aegon Religare Term Insurance Plan
Reason- 330% sum assured on accidental death + 3% SA as regular income + cover upto 75 years.
Kindly advice which plan is better.
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4 replies on this article “TERM PLAN”
Opt for the cheaper one. Claim settlement ratio is bogus. Remember, claim settlement ratio is of the past data, and does not apply to online policies which have been in operation only in last 2-3 years or so.
The premium which you need to pay should be manageable for you. Then only it will be good for you to manage your budget.
10 L cover is less so better to have 50L to 1Cr more. Please opt for HDFC term insurance as they have much better settlement ratio than Aegon Religare.
What Are your needs then decide accordingly, You have a choice of splitting and taking both!