Widely read:
I am a 45-year-old non-smoker looking for a cover of ₹50 lakh to ₹1 crore.
- Nihal Gandhi
Here are three plans you may consider buying. We have also provided the annual premium for you (45 years, non-smoker) for a ₹1 crore cover for 15 years (so that it will cover you till your retirement at 60).
Canara HSBC Life Insurance eSmart Term Plan: annual premium of ₹14,820 (claim settlement ratio of 95.06 per cent)
Max Life Online Term Plan: annual premium of ₹17,300 (claim settlement ratio of 98.63 per cent)
Tata AIA Life iRaksha Supreme: annual premium of ₹20,496 (claim settlement ratio of 95.99 per cent)
If you want additional benefits, you can add riders to your basic cover by paying extra premiums. Also, always remember to disclose all the details while filling proposal form to avoid any inconvenience in future while making a claim.
This article was originally published on March 30, 2016.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
