SBI Life's shield plan is cheapest for term insurance: Premium 2199/- for 10 lac for 28 years. It seems author is highly motivated by MetLife, ICICI Pru etc. He even didn't mention SBI Life or LIC which is known for cheapest plan. Refer to Outlook Money servey.
RE:SBI Life is cheapest followed by LIC
by Ansu Barik on Dec 07, 2007 10:16 PM Permalink
More important is the fact that SBI Life's Shield plan covers you till 65 years of age. I do not think any other company does it!
RE:SBI Life is cheapest followed by LIC
by rajiv menon on Dec 09, 2007 11:17 PM Permalink
hi gaurav, pls also take care of the term of the policy they offer and what other benefits do they offer.Also Like to look after the claim settlemnet of this companies.DOnt look only the premium.my mail id is rajivmenon_8@rediffmail.com
Birla Sun life dream plan has excellent plan wherein for sum assured of 50L for 34 yrs age, annual premium comes to 14,600 - 14,750. There is some return also at end of 25 yrs tenure which even if neglected is worth considering.
Hi, this is a nice comparative chart which would be helpful to all concerned. Please if possible can you obtain data from LIC / HDFC STANDARD LIFE, TATA AIG. for comparison analysis. I wish to go in for such coverage & my age is 40 yrs 7 months Please post such charts or give more sites links where we can have such comparative charts of similar schemes with their premium charts Rgds Ashutosh
RE:Comparative study of term lifes
by rajiv menon on Dec 09, 2007 11:25 PM Permalink
hi,if you r interested i can give the quote of 2 companies. 1)hdfc and 2)max new york life my mail id is rajivmenon_8@rediffmail.com
I still wonder if this is possible. Then why are people still going for expensive Mediclaims, Money back and Endowment Policies ? Am I understanding it correct... For example: A 35 year old paying premium of about 9500/- for the next 15 years (till 50 years) will get a whooping 35 lacs at the end of 50th year and he is still covered for 60 years....????
RE:Premiums so low and Sum Assured So High!!!!!!
by Vijay Maliwal on Dec 07, 2007 12:59 PM Permalink
Term insurance covers only risk but no return on end of the term.
RE:Premiums so low and Sum Assured So High!!!!!!
by Solomon P on Dec 07, 2007 12:57 PM Permalink
Sir, u will not get back any money if u live. Thiss is a pure risk cover and that money will come only if u die during the policy period
RE:Premiums so low and Sum Assured So High!!!!!!
by sagar kulkarni on Dec 07, 2007 06:20 PM Permalink
This is term insurance & you won't get anything at the time of maturity. This is a good option if you want to cover risk @ very low price. People generaly mix insurance & investment. Look @ this from pure insurance point of view.
RE:Premiums so low and Sum Assured So High!!!!!!
by Ansu Barik on Dec 07, 2007 10:20 PM Permalink
Ever owned a vehicle? You don't get anything from the insurance till you are in an accident. It's that simple.
RE:Premiums so low and Sum Assured So High!!!!!!
by Ranjit Kumar on Dec 07, 2007 01:09 PM Permalink
Dear Gopal At the end of 50yrs you will not get single rupees. amount you family will get if any thing will happen with your life during the Insurance period.
RE:Premiums so low and Sum Assured So High!!!!!!
by subrat panda on Dec 07, 2007 12:54 PM Permalink
he wont get anything,Premium is for risk cover only without maturity benifit
RE:Premiums so low and Sum Assured So High!!!!!!
by Gopal Balsubramanian on Dec 07, 2007 12:59 PM Permalink
Got it buddy !... "Sum Assured" is indeed a tricky word. Like Mediclaim for Hospitals, Term Insurance for Death....
HDFC standard life offers best term insurance preimum after the age of 35.So this repeort doesn't take in to account all the offers,rather concentrated on Met life only.
HDFC standard life offers best term insurance preimum after the age of 35.So this repeort doesn't take in to account all the offers,rather concentrated on Met life only.
