Which Term insurance is best surrounded by india?
I like to take pure possession insurance plan (as suggested by http://www.outlookmoney.com) .
Which company term insurance is good and better.
SBI, LIC , Birla sunlife or any other permanent status insurance.
In what way it is better than other
Having be away from India . Will not know the latest. Try LIC
Life Insurance Corporation .Known to be reputable..Has Govt of India's backing.
Jeevan Bharti Bulding
Connaught Circus
New Delhi
India
hiiiiiiiiiiiiii
as in the current scenario no 1 takes the possession plan as they as there premium paying span is long.
every1 is going for ULIP plans in which you simply have to pay the premiums for 3 years and so for as Term plans are concerned you enjoy to pay the premium for atleast 10 years.
now you can cogitate your self which is better.
term or ULIP
regards
Kriti
kriti627022(a)iciciprupartner.com
best is icici pru life ins ltd is best company.
HI,
As per suggestion INSURANCE Companies be paid money out of us. They attract us through various schemes but we are the best looser.
Please don't go for any one.
Regards,
LIC
sorry but i know nought about India..
Answers: It is good that you are serious going on for Term insurance, which is a pure insurance product. In insurance market, there is too much misselling & one example you can see contained by a answer above, in which she is trying to sell a front loaded product of ULIP for merely three years. You will be a big loser if you will buy an ULIP for just 3 years.
Now come to your question. I did too much research & found that SBI is the cheapest Term product at my age(30 years). LIC is priced little more after this.
When you buy a term plan, just look for 2 chief factors, premium & claim payment history. As premium is lowest contained by these 2 & I could not hear anything wrong regarding claim payment history of these 2 companies, I opt SBI. No I am planning to take one more permanent status plan & so I will choose LIC.