Term insurance policy is a type of financial instrument that lets you have the opportunity to increase coverage for a large sum for very less premium which needs to be paid annually. Best term insurance policy is the one that allows you to pay a very less premium. There are various term insurance products in market one such being iProtect which gives you the option of paying a term insurance premium as low as Rs. 2, 000 (excluding service tax and education cess) on an early basis. By far iProtect in my opinion, is the cheapest term insurance, providing maximum coverage!
What we see as the the premium for the Term Plan is not the actual premium when you a Policy. The underwriter of the Insuarance company will put a load on the premium which may go more than 40% even for a healthy person. You will start wondering what is wrong with your health / life style to justify such a high load. If the Insurance company is honest and transparent, then it should publish the data about the number of Policy issued with standard premium and the number of Policy issued with a load on premium for each age group. Once you see that data you will realise that what is officially proclaimed as lowest rate of premium among the term Policy of the diferent company is not actually so.
RE:RE:Term Plan
by Manish Saini on Mar 10, 2008 03:17 PM Permalink
hi ..i m recently married ..n want to get some policy.for tax saving as well as for security of my family...pl.. help me..my mail id is manish.fzd@gmail.com
Re: what care should be taken while selecting term insurance
by Deepak Kumar on Apr 11, 2009 05:44 PM Permalink
give me your contact details, i will give you complete detailss,
i work for insurance company so i have all detail i can suggest you my mb. No. 9820286849 (Deepak)
