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?
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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?
- 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.
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.
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.