The selection of a proper life insurance plan is a very difficult task not only for the prospective policyholder but also for the advisors of the life insurance companies.The most imporatant thing is the needs analyasis of the person.The fisrt requirement of all the young people is the coverage of risk. For that as said in the main topic the TERM Insurance is the best way out. The second thing comes the savings factor. Evaluate the premiums of the insurance companies at your age and see what they are offering as maturity benefits which of course shall include your sum assured and the bonuses.Also see if a company is offering guarenteed bonus or floating one, that changes with the Actuairies Evaluation. Dont be carried away with the sweet dreams they may offer but see what they have done so for.What they have offered and what they have in bucket for you. Never care for the genuineness of the insurance company because in India all the insurers are the licensee of the IRDA (An Authority Established by the Central Govt)and they have to work within the rules and regulations framed by it. So go in for a term insurance first and then for an Endowment Plan and then for a pension plan if re
