Which is the best Term Insurance Plan available for term 5 , 10 , 15 and 20 years respectively.?



Which is the best Term Insurance Plan available for term 5 , 10 , 15 and 20 years respectively in India. It will be really helpful and well appreciated If somebody could explain it with Pros and cons.
FYI, Am looking for Life Insurance.. but not ULIP type of insurance as I am not expecting returns from It ..It just need to have Higher risk coverage

3 Replies to “Which is the best Term Insurance Plan available for term 5 , 10 , 15 and 20 years respectively.?”

  1. Term Insurance is pure risk cover. Since there is no bonus, the sum assured is constant. Also in case of lapsation, the policy can only be revived after medical. these are the cons of the product.

    Pro is it is the cheapest insurance available.

    If you want to buy from company with lowest claim rejection ratio, depend on LIC of India.


  2. Visit http://www.aegonreligare.com Their online policy is the cheapest. Have a look at the increasing cover policy and the critical illness riders. You can calculate the premium yourself on the website.

    Insurance is an expense, not an investment. You are doing the right thing by going for ONLY TERM COVER.

    For INVESTMENT , go for a combination of PPF / SIP IN MUTUAL FUNDS / DIRECT EQUITY.

    Visit http://www.valueresearchonline.com to understand MUTUAL FUNDS.


  3. The best advantage of term insurance policy is that it is the cheapest. Life Insurance Corporation of India, offers the following Plans:
    Anmol Jeevan – Term : Between 5 & 25 Years. Min.Sum Assured Rs 5 Lakhs.
    Max.Sum Assured Rs 24 Lakhs.
    Amula Jeevan – Term : Between 5 & 35 Years. Min.Sum Assured Rs 25 Laksh. Max.Sum Assured No Limit.
    Proposals are considered on the basis of medical reports. Cost of med.exam.will be borne by LIC.
    No Maturity benefit paid to the policy holder.
    Death benefit paid to the nominee, on death during the policy term.
    Contact me if you are in Bangalore. Email: [email protected]





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