I am looking for a Term Insurance for 1 Crore. I am 38 yr old non smoking male and looking insurance till 65 or 70. Can you please suggest some good term policies.
Here are two plans you may consider buying. We have provided the annual premium for ₹1 crore cover for a 38-year-old male for a period of 27 years (so that it will cover you till your retirement at age 65).
Max Life Online Term Plan: annual premium ₹14,030 (claim settlement ratio: 98.63 per cent)
Aegon Religare iTerm Plan: annual premium ₹13,969 (claim settlement ratio: 96.59 per cent)