I am 43 years old and have a home loan. Which is the best insurance plan for me?
-Ashish Talekar
Here are three plans you may consider buying. We have also provided the approximate annual premium you'll need to pay on a Rs 1 crore cover for the next 17 years, till you turn 60.
· Aegon iTerm Plan: Annual premium of Rs 13,394 (claim settlement ratio: 98.63%)
· Max Life Online Term Plan: Annual premium of Rs 13,995 (claim settlement ratio: 98.63%)
· HDFC Click2Protect Plus: Annual premium Rs 16,861 (claim settlement ratio: 95.06%)
Make sure to disclose all personal and health-related details so as to avoid any inconvenience for the family just in case the claim arises.
This piece by Dhirendra Kumar will answer your query on how to choose a term insurance for you and your family.