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.
RE:No agent wants u to take term insurance
by Vishnu Dev on Dec 16, 2007 03:17 PM Permalink
My Dear the term plan offered by LIC do includes ACCIDENT COVER and Permanent Disability Benefit Due to Accident upto a Maximum of INR 50,00,000. You might have chosen the Plan without Accident Benefit Cover. Pls Check it. Now also you can include the accident benefit by paying the extra premium @ Re 1/'000 SA.
RE:No agent wants u to take term insurance
by MPG NAMBIAR on Dec 16, 2007 11:40 AM Permalink
IT IS QUITE RIDICULAOUS TO SAY THE AGENT WILL TRY TO AVOID TALKING TERM PLAN. CONTACT ANY MAX NEW YORK LIFE AGENT HE WILL BE TOO HAPPY TO GUIDE BETTER ON THE SUBJECT
Re: RE:No agent wants u to take term insurance
by sanay grande on Mar 05, 2009 04:35 PM Permalink
hahaha... i know that Max Newyork offers the heighest comission to their agents.
RE:RE:No agent wants u to take term insurance
by vanraj vank on Mar 15, 2008 07:57 PM Permalink
sir, for your kind information HDFC TERM PLAN for your age is available @ 7150 which is chip compare to LIC it also offer rider like accelerated sum assured,accidental death benefit and critical illness benefit to choose from. Thanks,
