Hi, I am sure most of you have already have a life insurance policy. Unfortunately, I do not have a one. I would like to get a life insurance policy. Kindly suggest me a good policy that you have or suggest. I do not have much idea on this. So if you require more details about myself before suggesting a policy,please let me know. Thanks Kavitha
Hello Kavita, A life insurance policy will be depending on your age, the number of dependents, and your premium paying capacity. Do talk to a lot of people on various schemes available, before buying one. Just remember, life insurance is not an investment, just a safeguard for your loved ones.
Insurance is to provide some monetary support to our loved ones in case any unforeseen incident happens. So the 3-5 laks cover offered by expensive endowment policies are not sufficient. Go for a larger cover which can cover expenses of the family for few years. Here are some insurance cover calculators which gives you a rough idea of the cover you would require: Calculate life insurance premium, insurance cover calculator, Human Life Value Calculator - ICICI Pru Insurance Calculator | Life Insurance Calculator | About Life Insurance | Life Insurance Explained Insurance Calculator - How Much Insurance Do I Need - Aviva India Life Insurance One major point to remember is dont mix insurance and investment. Endowment policies do just that. Go for term insurance which offers much better cover for lesser premiums. For ex: for a endowment policy which provides a cover of 5 laks, you would be paying around 26-30k based on age and other factors. For a term insurance policy, you will pay around 8k for a cover of 30 laks.
hi friend, i suggest u to take LIC'c Jeevan Anand policy, which is whole life with endowment. this policy is good, premium also normal,
If Jeevan shree is active, you can opt for it. Dont go for Private players like royal sundaram and banking corporates. Go for Indian govt owning companies like LIC n etc....
