Premium Of occupancy Insurance of 25 Lacs for 20 years at the current age of 40 years?
Answers:
Pay according to companies rules
I wish i could competent to answer your question but i am not an insurance agent. Personal suggestion 25 L is not a honourable figure try 2500 L!
-:)
This is V Sridhar here a Specialist in Financial Planning. First permit me clarify that I do not sell insurance. I am glad that u r opt for a term insurance.
There perchance a better solution than what I am suggesting below. Please do ur research. U can get seriously of info and also calculate the annual premium that u requirement to pay thro the premium calculators avaliable on the websites of the insurance companies.
The premiums that I own been competent to calculate online r as follows:
1. ICICI Pru Lifegaurd WROP - Annual premium Rs.13228 (inclusive of service tax)
2. SBI Shield - Annual Premium Rs.13335 + Service duty
3. LIC Anmol Jeevan - Annual Premium Rs.17350
4. HDFC Term Assurance Plan - Please find out the premium for this as i was not competent to find its premium online.
Generally I have found that ICICI works out cheapest surrounded by term plans for ur age. LIC works out pretty expensive. U can give the name up agents of other companies and find out if they work out cheaper. But beware that they will try to push other products in place of a residence plan as they earn very little commission surrounded by a term insurance product.
If u hold any other queries u can e-mail me at vetapalems@rediffmail.com