general question about life insurance

i am an youngster of 22 years.i am new to life insurance, but iwant to make sure that i keep the premium paYING TERM WITHIN 5 YEARS. i also need to know what is policy term??at the end of premium paying term will i receive the bonus instantly or only after the policy term is over? if instantly how much bonus will i recieve ??
for ex i pay rs 20000 per year i would have paid 100000 at the end of 5 years. So how much will i get at the end of 5 years if not when will i get the return.
My main aim is tax saving and good returns. I am not worried about death benefits. Please help me

Life insurance at 22?, you want to get a life insurance and that even for 5 years at the age of 22? " I AM NOT SURE AT ALL ABOUT " life insurance or its policy but I think if you issue a L.I on yourself for 5 years on a set amount of money ! you will have to pay interest every month to the bank till 5 years so you will not get any money after 5 years even if you payed all the interest and if your still alive! you have to die in these 5 years so that your family can recieve all the returns, tax saving and bonus that you have stated above ! if you issue a LI for rs 1 Lakh in 5 years and if you die at 24 after paying 40k so your family will recieve 60k !!

Life insurance at 22?

I guess you are looking for a saving plan. You should check the plans offered by Future Generali. They have great benefits attached to their plans, including tax saving and bonuses. You can apply online to avail discounts on the premium amount. I have taken up their term life insurance plan called 'Smart Life'. It provides me benefits like rebates on premium for higher sum assured, tax benefits and much more. Visit their site for more details.

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