Does any company offer "Annual renewable term" life insurance in India?

Question

Isnt it a better option than Level term? I wish to go in for a pure-risk poicy only, as i believe that insurance and investment should not be mixed up. Any suggestions regarding the same. It seems to me that LIC and SBI are the ones offering the lowest quotes for level term insurance plans. Which plan and which term is best to go for, for a 28 year old..

Answer 1

My humble suggestion is to take LIC's Amulya Jeevan or Anmol Jeevan for atleast for 25 years or  the maximum term available.

good luck

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http://www.geocities.com/pnkmurthy/lic.h...

Answer 2

Atleast I found a person who thinks the same way as I do. Insurance & investment should never be mixed. I prefer Mutual fund for investment & has opted term insurance for insurance (though I am continuing my LIC endowment policies as those were initial mistakes).

Now come to your question. Annual Renewable term insurance is not available in india due to a practical problem. Every year one will have to go through medical & will have to prepare policy document.  

As I searched for myself at age 28-29, SBI offers cheapest term plan for 25 years. (15L for 25 years @ 4284/-)