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Could anyone guide me about which is the best Life Insurance Co. for taking the basic ‘Term Insurance’ coverage without any riders for a 29 yr. bachelor, non-smoker, male working in Delhi with 6,00,000 p.a. salary. He is a MBA living in parental house & his parents i.e. mother is a house wife & father is retired. The S. I. required is 50, 00, 000.

Does all the insurers has the same coverage if the basic need is ‘Pure Term Insurance’ without any riders or if any particular co. has a better policy for the same coverage OR should he have any preference amongst the diff. co’s operating in India?

Do you require any more information to suggest the proposed insurance OR should he go in for any S. I. other than above i.e. higher or lower than 50 lacs?

There is no preference of any particular co. so far as the proposer is concerned.
asked in Insurance by (13.6k points)

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S.A. will be differ from one person to another depending upon income and responsibilities. The general rule is to take insurance of 10 times of annual salary. So, he can opt for Rs.50 lacs S.A. Since, the maturity amount of term insurance is nil, he can opt it online from any company. I'll prefer Kotak E-preferred term insurance plan and Aegon Religare plans. They have competitive premium rates. Since, both these policies are available only online, don't get in touch with any advisor.

He can also divide the S.A. in 2 equal parts in these 2 companies.

Hope it will help you.
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answered by (48.8k points)

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