One Reply to “Why is premium for term plans in private companies less than that in public companies?”

  1. LIC had a monopoly for a long time. It has a brand name. So it can afford to charge you more.

    Note LIC does not offer critical illness riders with its term plan. It offers only with the endowment plan.

    Reason is same.

    Go for an ONLINE POLICY. Divide your cover between 2 or 3 companies.

    AVIVA / KOTAK / AEGON / HDFC LIFE are good.

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