Best Term PlanHOW TO CHOOSE BEST TERM INSURANCE PLAN?

Are You Really Protected?

Protect Yourself With Term Plan

Term insurance policies are one of the best and oldest forms of life insurance plans.

Term insurance provides life cover to the policy holder for a fixed term period usually , 05-40 years or even up to age 75.

Term insurance plans are available at affordable premium rates.

More Details

Minimum Entry Age : 18 years completed

Maximum Entry Age : 65 years

Maximum Maturity Age : 75 years

Minimum Sum Assured : Depends upon the company norms

Policy Term : 10 / 15 / 20 / 25 / 30 / 35 / 40 years

Premium Payment Term : Equal to Policy Term

Premium Payment Mode : Yearly, Half Yearly and Monthly

Understanding Term Plan

Lets consider the following scenario

Mr. Mahesh he needs to travel a lot.

He is married and his wife does not work and takes care of their kids.

Mr. Mahesh owns a plush house and a car. To ensure that in his absence his family continues to live the same lifestyle as they do now.

How to Choose Term Plan?

Check company profile, how good the insurance company is?

Compare the terms and conditions of different plans using online comparison websites.

Check for high claim settlement ratio.

Check if your needs are satisfied.

Resources You Can Use Online

Term Plan Calculator Various sites provide users with calculators which help you calculate

premium depending upon your requirement.

This helps you accurately determine about the policy and helps you plan accordingly.

Benefits of Term Plan Calculator

Flexibility to choose protection cover based on your needs.

Helps you compare multiple policies simultaneously.

Free to use, 24X7 availability.

Customer Review on Term Plan ProvidersBajaj Allianz Life Insurance Company Ltd Reviews

Aegon Religare Life Insurance Reviews

Aviva Life Insurance Reviews

Customer Voted Best Term Plan Provider

Verdict

When ever you are choosing a term plan keep a clear goal of what are your requirement.

Having minimum cover is as good as not having one. So try to get maximum cover for yourself just to be further secured.

It is always advisable to have multiple term plan from different provides to get wide range of benefits.

Thank YouREFERENCES:

1. WWW.AEGONRELIGARE.COM

2. WWW.TECHNOPORTALS.BLOGSPOT.IN

3. WWW.ECONOMICTIMES.INDIATIMES.COM

4. WWW.MOUTHSHUT.COM