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View Full Version : Which Term insurance cover to buy?



mahajan
11-10-2010, 02:17 PM
I am 24 year old and unmarried. Planning to take an term insurance of around 30 lacs. Which policy should I buy? Should I go for online policy - Aegon Religare - i term or ICICI - i direct?

>take
11-10-2010, 03:50 PM
ICICI - I Protect - Premium - Rs.3420 for 30 lakh Sum Insured for 30 years
Aegon Religare - I Term - Premium - Rs.3930 for 30 lakh Sum Insured for 25 years (maximum)


Go for ICICI - I Protect Term Plan.

Vijay_Kumar
11-10-2010, 04:05 PM
30 year plan will be over by when you are 54 year old. At that point of time you won't get another cover. And also the premium mentioned above by >take are for non smokers, keep this thing also in mind.

msgforsunil
24-03-2011, 08:41 AM
You might want to consider Aviva Lifeshield Platinum that would give you coverage till 70yrs of age. Generally, most the insurance has an limit of Age70/75yrs or 30 yrs premium paying term. In case of Aviva, there term is not a limit with resepect to premium paying term. You would certaintly find that taking a new term insurance at the age of 54, is very expensive.