I am 30 years old. I am working in a PSU Bank. I want to purchase a life insurance cover of ₹1 crore. I want to buy a term insurance plan for a term of 30 years. Which plan should I buy?
- Mohit Sharma
You can consider buying HDFC Life Click 2 Protect Plus- Life Option, Max Life Online Term Plan and ICICI Pru iProtect Smart. We have chosen these insurers on the basis of good claim settlement ratio.
Since you are buying a cover of ₹1 core, you can consider buying it from two insurance companies.
Annual premiums for 30-year-old non-smoker for a ₹50 lakh sum assured:
HDFC Life Click 2 Protect Plus- Life Option: ₹5,829
Max Life Online Term Plan: ₹4,250
ICICI Pru iProtect Smart: ₹5,085