I am 43 years old and have a home loan. Which is the best insurance plan for me?
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.