Ask any agent about the term plan and he will simply try to avoid it. They are more interested in ULIPs or Money back plans as these plans fetch them more commission. I have taken one term plan from Max New York and one from LIC. LIC plan is a bit costlier but only LIC has got 35 years term. for Rs 25 lakh term for 35 years I am paying 8875/ PA. My age is 27. LIC also dont offer Accidental Death Benefit. I will advice every body to go for Term Plan ELSS . Its a great combination.
