Some times back there is an article saying that ULIP is better than going for a TERM Plan. Now they are saying TERM plan is the best. So i request all not to take any investment or insurance decision based on the recommendation or articles in medias, advt. Make investment decision as your own or with a help of a financial advisor who really work for your benefit not for his monetary benefit.
RE:I had been advising the same
by Prakash Nadar on Jul 10, 2007 04:39 PM Permalink
agents don't earn anything from the term plans, that is why most of the agents will never recommend a term paln to anyone.
I once asked for a term plan to an agent (ICICI Lombard) he said he would call but never called back.
RE:I had been advising the same
by on Jul 10, 2007 06:04 PM Permalink
Prakash, ICICI Lombard is a general insurance company. No wonder the agent from that company did not come back to you!!!
Again your ignorance is very glaring when you say that agents dont earn much in term plan. I have been repeatedly saying in this forum to get the facts correct before you comment something. But then, what can one do if people are hell bent upon tomtomming their ignorance???
RE:I had been advising the same
by Prakash Nadar on Jul 10, 2007 06:51 PM Permalink
they are general issurance company? and they were selling life insurance? I asked for life issurance term plan? Ok I am confused. I think i got it wrong.
again, agents dont earn too much from the term insurance, you need to get your facts clear too.
RE:I had been advising the same
by Easy Invest on Jul 10, 2007 05:33 PM Permalink
AMFI aur IRDA mujhe MF and Insurance advisor kahte hai.. Aap jo bhi samjho.. I have always kept investor's interest on the top. I hope you understand AMFI and IRDA.
JeevanAnand is the best policy.Its features are: Period Covered:For first 20 years(with premium) After that upto Age of 70 years (without premium) Premium: According to Age Tax Bft:Deduction u/s80C of Income Tax Act,1961. Bonus : Rs. 6000 p.a. Addl. Incentive : Rs. 20,000 after 20 years Accidental Death : Double the policy amount.
If you take Rs. 1 lakh policy you will get Rs. 2,40,000 after 20 years (if you don't die). If death takes place your legal heirs will get Rs.1,00,000 more then the due amount.
Similarly, for couples Jeevan Mitra - Triple accident cover policy is Good
RE:Jeevan Anand and Jeevan Mitra Policies are best
by on Jul 10, 2007 02:46 PM Permalink
Khargosh U said that in jeevan anand bonus amount is Rs.6000/-p.a. But like other LIC agents u have also not mentioned that the bonus part is not guaranteed. Pls stop making customers fool. There are many good insurance plans in the market, but customer needs to do a little survey and see what suits him best. An honest agent advisor will defenitly suggest a good plan after studying and understanding customers need.
RE:Jeevan Anand and Jeevan Mitra Policies are best
by MARC on Jul 10, 2007 03:23 PM Permalink
Also the Khargosh "hare-brain" has conveniently omitted how the premium compares to a term plan premium.Let's compare a 30 yr old individual taking a 1 lakh Rs cover for 20 yr period. The annual premium for the Jeevan Anand is Rs. 5660 and that of SBI Shield a term plan for 3 Lakhs (i.e the minimum) is Rs. 827 only. N
I am sure the writer is right when he recommends term plans. But the attitude of insurance advisors and agents is simply frustrating to say the least, when it comes to selling these. Try as I might, it is ipossible to get them to sell a simple term plan. They will ALWAYS want to add something to it, and end up putting one off.
RE:Term Plans: terminated
by sundar on Jul 10, 2007 03:23 PM Permalink
Actually it would be good to include Accident Cover with Term plan as this would cover you more for Accidental Death. As you are less likely to suffer from natural death during the pre-40's of your life. Additonal money at low cost will allow you depandants to enjoy good life style
