Which Term Plan is good ? Everyone is giving me different opinion ?

POSTED BY mailparagnow ON April 1, 2014 10:41 am COMMENTS (2)

WHICH TERM PLAN IS GOOD. EVERY ONE IS SAYING DIFFERENT OPINION.

LIC – PREMIUME VERY HIGH – 33,000 APX.
HDFC – 13820
MAX – 10,000
AVIVA – 9,000

PLEASE ADVICE.

FROM – PARAG JOSHI, MUMBAI

2 replies on this article “Which Term Plan is good ? Everyone is giving me different opinion ?”

  1. ashalanshu says:

    Dear Parag, LIC has reduced the prem. now. Please check again with LIC site or from LIC agent. As rightly pointed out by dear Viren, what’s your comfort factor with any insurer? Please opt the insurer where you are the most confident about.

    Thanks

    Ashal

  2. Viren Phansalkar says:

    Hello Parag,

    Each one of your advisor will his own view and hence you are getting different answers.
    Example: I may consider cost as a major factor to influence the selection, while you may consider claim settlement ratio to select the company.
    So first decide which factor will you consider as the most important and then decide on that basis.
    Another example:
    If you think that CSR is the factor which will influence your decision, you will have to stay with LIC… now again if you think it is costly, then you will have to see which company is having best CSR after LIC.. see if you can afford that….

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