I am 34. I need term cover life insurance (for 25 years) for 10.00 Lakhs. Which is the best policy in India?
I am 34 years old. I need term cover life insurance (for 25 years) for 10.00 Lakhs. Which is the best term cover insurance policy in India? I will pay the premium annually.
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- Term assurance means payment of sum insured on happening of an event covered under the policy and "during the tenure of the policy period only". i.e. Normally all inusrer offers risk cover during the term but does not provide payment at the end / Maturity of the policy period. U can go for any life insurance companies out of existing 22 nos. in india. But LIC is the best in terms of transparency, quick settlement and reliability. Presently LIc is offering 4 different term assurance plans: 1. Two Year Temporary Assurance Policy 2. The Convertible Term Assurance Policy 3. Anmol Jeevan-I 4. Amulya Jeevan-I U can also look 4 companies which are offering plans with return of premuim at the time of maturity.
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