11 responses

  1. Patil
    August 26, 2012

    Please list Out All Possible Riders options available in the market with the Term Plans.

    If most of the riders are not available with the Term Plans then how to go about it.

    At least all riders should be available with ones portfolio when different insurance/investments are taken together.

    Any suggestions are welcome on this.

  2. Tushar Gupta
    April 24, 2012

    This comprasion is good..
    But there are also others lot of factors which should be consider while taking the term plan..

    Tushar Gupta
    (Financial Service Consultant )

  3. Vikram
    April 15, 2012


    I am currently searching for a good term plan. Came across your site which is very informative. I got a decent quote from HDFC Life and am wondering why it is not listed on your website.

    Is HDFC Life not a good option? It is giving better quote than ICICI Pru for online products?


    • Admin
      April 17, 2012

      At the time of writing this article, HDFC life had no such online term insurance plan. It was launched much later. HDFC Life is also a good company to consider for safety.
      BTW, did you check your premium for Bharti-AXA life insurance? You may get cheaper rates from them.
      Hope it will help you.

      • shailesh kakar
        May 7, 2012

        I fully agree with this. HDFC’s online term plan i.e., click-2 protect is also good one. Moreover in F.Y. 10-11 the rank of HDFC in claim settlement was 2nd i.e., around 96% ( first was LIC ) amoung all insurance companies which i thing is a major factor to choose this.

  4. Shankar
    April 2, 2012


    Thanks for the detailed writeup. After reading your article I visited the websited of various insurance providers and had a look at their annual premiums for a cover of Rs.1 crore for a term of 30 years.

    I have a query regarding the same.

    Why do the premiums vary SO MUCH from company to company (even within the private players)? Bharti AXA and Aegon Religare quote approximately Rs.7500. Birla Sunlife quotes Rs.22000. LIC quotes Rs.33000.

    Is there any catch here? Do the terms and conditions vary so much between these companies?

    • Admin
      April 3, 2012

      One reason is about the plan structure. Birla sunlife has 2 different plan – one is return of premium plan and second one is like ULIP plan but none of these 2 are pure term insurance policies.

      In the last 2 years, many insurance companies have revised their mortality charges, which they do after every 10 years. But some companies like LIC, SBI life etc. have not revised their plans. They’re still quoting high mortality charges.

      LIC is planning to launch their new online term insurance plan soon. Check more details at http://www.investmentkit.com/articles/2012/03/some-updates-from-lic-on-their-new-term-insurance-plan/

      Hope it will help you.

    November 23, 2011


  6. Aamay
    September 14, 2011

    Hi Nice Blog post!

    Term insurance is must and actually the key component for a complete Financial Plan.
    Aviva India has come up with i-Life an online term plan which I think is the best plan in currently available in India.

  7. CJ
    September 2, 2011

    Aviva India has also launched a low premium Online Term Plan i-Life which seems to be a good plan.
    Here are some features of the plan –

    • It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit.
    • Exclusively available on the internet for an online purchase and only available in select cities
    • An additional rebate for female lives of 5% on the tabular premium rates for male lives
    • There is a rebate for large Sum Assured.
    • I-T Benefits on life insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C

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