Which Term insurance cover to buy?

[mahajan]

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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[>take]

• 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]

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]

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.