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Thread: Term Insurance with return in premium?

  1. #1
    PolicyWala NewBie
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    Question Term Insurance with return in premium?



  2. #2
    PW Stalwart v.r.s.nathan's Avatar
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    What is Term Insurance?
    http://www.policywala.com/showthread...Term-Insurance
    I would suggest to go with term insurance. Return in premium term insurance is not good.

  3. #3
    Super Moderator PolicyWala's Avatar
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    Quote Originally Posted by Subodh View Post
    I would like to know more about term insurance as I am looking for a term insurance with benefits at the end if the insured person is alive. Do you know the details at till what age maximum the cover would be there?
    Check these plans -
    ING Term Life Plus-Insurance policy
    Birla Sun Life Insurance Premium Back Term Plan

  4. #4
    PolicyWala NewBie
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    Quote Originally Posted by PolicyWala View Post
    Check these plans -
    ING Term Life Plus-Insurance policy
    Birla Sun Life Insurance Premium Back Term Plan
    Thanks PolicyWala!
    Do we have any return in premium term policy from LIC?

  5. #5
    PW Stalwart Master's Avatar
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    How Return of Premium (ROP) Term Life Insurance works?
    How it works is - you pay a little extra for a regular Term Life Insurance Policy, and if you don't die after the guaranteed term period is over, you get back every cent that you paid in for the policy. How it works is the Insurance company takes the extra premium you are paying invests it for capital growth. As a result they are able to return your premiums to you at the end of the level-premium period.

    I have tried to find out a policy for you from LIC website, but no luck.

  6. #6
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    LIC has Amulya Jeevan I and Anmol Jeevan I. Amulya Jeevan I is for 25 lacs and above, where as Anmol Jeevan I is for sum assured between 5 lacs-25 lacs. But both of them won't give return in premium.
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