One of the most common query from my readers is regarding Best Term Insurance Plans in India. In past i wrote an article on 5 Points to consider while buying Insurance Policy. In continuation of this post, recently i bought online term insurance plans for myself and thought of sharing my list of best term insurance plans based on my research, analysis & study. I will try to keep this post very simple and easy to understand. Before you buy term insurance plans it is important to do basic groundwork. IĀ adopted theory of exclusion rather theory of inclusion for selection. I feel that theory ... Read More
Online Term Insurance Plan
Have you ever wondered why LIC is not offering Online Term Insurance at lower premiums. Though the experts say that LIC's high premium is because of High Mortality rate. In my opinion, the real reason is that LIC would not like to offer low premium online term insurance else it will outrage its huge sales force / agents. The premium of LIC term insurance plan is 3-4 times of online term insurance policy like Max Life Online Term Plan, HDFC Life Click2Protect etc. LIC is still following the Mortality table of early 90's to calculate premium for term insurance. Contrary to that in last 15-20 ... Read More