Term insurance - Buy and Queries?

[destinysandy]

You may also check - Met Life's Met Protect - where Maximum policy term - 35 years, as you have mentioned, your age is 26 years and going for 30 years, you would be without cover at 56. I would go for insurance cover till 60-65 years.

Thanks for sharing your knowledge.
Agreed to your point that Met Life's Met Protect can add further advantage if compared to kotak or ICICI online product, if looked at cost (Women premium is less as compared) and term (of 35 yrs).
But how much you rate on claim settlement ratio if compared with Kotak, ICICI and Met life?

Also, I have LIC and its maximum term is 30 years so should I,

a) But new plan at 55 which will should be too costly at that time
b) Again buy new/fresh plan at age of 30-35

[>take]

But how much you rate on claim settlement ratio if compared with Kotak, ICICI and Met life?

Check here -
www.irda.gov.in > Annual Reports > Annual Report 2009 -10 Download > Check Page 105 - 106

[venkat]

LIC Amulya Jeevan is good. Why don't you go for Jeevan Anand where you get life time coverage. On maturity you get the sum assured plus bonus. But insurance cover continues lifelong.

[Rahul]

LIC Amulya Jeevan is good. Why don't you go for Jeevan Anand where you get life time coverage. On maturity you get the sum assured plus bonus. But insurance cover continues lifelong.

Venkat - The query is about term insurance.

[LIC_DO]

Hi destinysandy .. the Maximum Term of the Amulya Jeevan is 35 Years .I would suggest that you can take up Term Policy Up to the age of 60 ,because that is the age where we tend to retire from work .

[CopyCat]

Hi destinysandy .. the Maximum Term of the Amulya Jeevan is 35 Years .I would suggest that you can take up Term Policy Up to the age of 60 ,because that is the age where we tend to retire from work .

But you have to pay BIG money from your pocket at the age of 60 (when most of your liabilities are over)

[LIC_DO]

copycat

Can you explain ??