Term insurance - Buy and Queries?

[>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 ??

[CopyCat]

copycat

Can you explain ??

Term insurance policy premium is directly associated with the risk of the proposer. Elderly people have more risk since they are susceptible to diseases and ageing of the body. A 20 year old person has good many years ahead of him as compared to 60 year old person. So the young person has better probability of survival till the end of the term in comparison with elderly person. This makes the premium for elderly person a bit on the steeper side.