Best Term Insurance in India

#21
I am looking for a term insurance policy. but not aware which plans offer the below:

1. increase in sum assured during the policy twice - like if insuree buys house or gets married. (don't remember but some insurance policy had this option) -accordingly premium would increase for rest of the duration.
2. the policy maturity(end date) age should be 60years - most of the policy i see are max of 25 years. so if a person is taking at 30 years of age and a 25 year plan -it covers till 55 years age only.


Anybody has similar requirements ? Anybody know of any insurance product which gives such coverage.
 
#22
I suggest you to go with Max Life Insurance plans, as they have one of the best claim settlement ration. when it comes to insurance don't compromise on money issues because your family is much more important.
 
#23
BSLI protector plans allow increase in sum assured year after year; at the same premium and the policy maturity end date is 75 years with a policy term ranging from 5 to 30 years.

http://tinyurl.com/q6wrrqc

I am looking for a term insurance policy. but not aware which plans offer the below:

1. increase in sum assured during the policy twice - like if insuree buys house or gets married. (don't remember but some insurance policy had this option) -accordingly premium would increase for rest of the duration.
2. the policy maturity(end date) age should be 60years - most of the policy i see are max of 25 years. so if a person is taking at 30 years of age and a 25 year plan -it covers till 55 years age only.


Anybody has similar requirements ? Anybody know of any insurance product which gives such coverage.
 
#24
BSLI protector plans allow increase in sum assured year after year; at the same premium and the policy maturity end date is 75 years with a policy term ranging from 5 to 30 years.

http://tinyurl.com/q6wrrqc
How to get premium quote for this Birla Policy without giving your phone number?
Also any other way to compare term plan quotes without giving your phone number
One of my friend gave his number and now he is bombarded with phone calls
 
#25
Hi,
Thanks, for sharing this useful information. can you tell what is the difference between <a href=” http://www.bajajallianz.com/Corp/term-insurance/isecure-insurance-plan.jsp”>term insurance</a>. or life insurance plans .
 
#26
There are many life insurance companies in India which offer Term Insurance Plans. However it is important to choose the right company. According to me Future Generali is one of the topmost life insurance company among life insurance companies in India. Future Generali is the best in India, I believe.
 

alroyraj

Well-Known Member
#27
I would advise the take an online term plan as it's premium is half the normal premium charges.
the plan you heard probably refer to is some sort of milestone sum assuredincrease, I am aware of inflation adjusted sum assured plans, normally since your requirements are very specific you would be restricted to those insurers who offer such a plan as these are not very common. Comparing insurance are not very straight forward
 

alroyraj

Well-Known Member
#28
Kotak e-Preferred Term Plan:-
It is a pure Term Insurance Policy can be purchased online without any agent intervention.
Option to move to other non-term plans of Kotak Life Insurance.
Option to Step Up the life cover on any event without any medical underwriting with an additional premium.
On Marriage- 50% of the Sum Assured can be increased.
House Purchase- 50% of the Sum Assured can be increased.
Birth or Legal Adoption of a child- 25% of the Sum Assured can be increased.
On 1st, 3rd and 5th policy anniversary- 25% of the Sum Assured can be increased.
This option can be exercised at one or more of the events listed above, provided your total revised Sum Assured is not more than 3 times your original Sum Assured.
The policy can be Stepped Down also if further increase in sum assured is not required.

http://googleweblight.com/?lite_url...865377&sig=AG8UcukTYaQOtausZx_EU5dwBffSigqiAw
 

alroyraj

Well-Known Member
#29
Today noticed aegon relocate has a faculty to increase s um assured after marriage and birth of a kid. But it still pales in comparison with the kotak e preferred.
 
#30
Every company claims to provide the best service so its become difficult process to what to choose from the bucket..
So I would like to suggest you to compare the policy as per your requirements and then purchase it .. By comparing you can select the best policy that offers reasonable premium and be saved from fake commitments. Here i am mentioning some websites for your concern.. http://www.policyadvisor.in, policy mantra, policy bazaar. Hope this helps you choose best.
 

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