I am 28 yrs old and i want a term insurance plan of rs 10,00000. which company paln is lowest in premeium?

Question

I am 28 yrs old and i want a term insurance plan of rs 10,00000. which company paln is lowest in premeium?

Answer 1

It seems that you will have to observe 3 criteria's

1. Know the Insurance companies operating in India (there are around 18, Many have been added), shortlist the company which you have observed.

2. Analyse the various products among, select the suited one for you.

3. Since all insurance company's are unique in their own way by Name, Years of Operation, Returns on Investment Portfolio's and other factors have to be observed,

Important:Kindly have some professional suggestion with persons you know for long years, discuss with your family then decide

with wishes and warm regards

vinod

mangalore

Answer 2

Insurance is a long term agreement between the company and person insured. What matters the most is the service than the cost involved. For the sake of a few hundred rupees do not lose your sleep.

The lowest death claim rejection ratio in the insurance industry is that of LIC.

Go for it.

Answer 3

There are so many plans with different cos, so talk to couple of insurence ageancies and compare for best deal.

Answer 4

I obviously suggest you to consider taking the LIC Anmol Jeeval Plan.

The Premiums are as under: (for Rs.10 lacs)

Term (Y)....YLY .......Single

           5 ............2495 ........9610

          10............2495 ...... 16060

          15........... 2584.......23070

          20............2891.......31000

          25............3356.......40720

The maximum S.A under this plan is Rs.24 lacs.

Have a nice day !!

Answer 5

Insurance companies are very careful if a customer tries to buy very big payout insurance policies. They will run a lot of checks on you. Whether you have enough income to pay the premiums in time and whether you have suicidal tendencies and whether your health is perfect etc. They would always try to find why you go for high sum-assured policy. They would prefer 10 people taking Rs100,000 policy each rather than one person taking a Rs.1,000,000 plan. Because all the 10 people may not die but the 1 person who take a big policy dies the risk his high on the company!!

Answer 6

What you've got to remember is that any health insurance broker that you talk to is going torecommend that their policy is the best simply because they are getting as commission for all sales that they make.

You MUST shop around and get different quotes. If you have been given informayion that one policy is cheaper than another, tell the insurance broker that and see if they can price match. All brokers have levels that they can work to.

Search online for health insurance quotes. You will be offered a far greater range of policies than you would find offline.

Hope this helps

Neil

Answer 7

SBI is lowest is premium. Will cost you around 2800/- including service tax