Choosing Term Insurance Company!

1. 

   Anonymous
   

   Unregistered
   
   

   Reputation:0

    

   Hello!

   I am 36 years old male and after reading lot of insurance articles have surrendered all my existing endowment and other policies worth 3 lacs cover. I am now planning to take pure TERM insurance after I get my surrender value cheque.

   While intially I thought to stick with only LIC (Amulya Jeevan Term Plan-164) for covering 10 lacs for period of 25 years, after going through this forum, I find there are other options available in this sector. I find that Religare Term Insurance plan is cheaper than LIC for the same cover with added riders and accident benefits.

   However, being bit outdated and apprehensive about private companies, I have pre-decided mentality sticking to traditional national banks and insurance company. This is only because of inbuilt fear of my family not getting their due in case of my uneventual death.

   Do you think it would be wise enough to go for Religare Term Insurance plan? I mean is it absolutely safe to go for private companies?

   Thanks in advance

   Regards

   Jeet

   Posted 2 years ago #
2. 

   devanand
   

   senior admin
   Joined: Jun '09
   Posts: 94

   Reputation:97

    

   Both private and PSu insurers have success and failure stories.

   LIC have stood in past and has set a high standard for its services and policy transparency.

   Private insurer are trying to compete such a huge Giant which require confidence of new investors like you.

   You can freely place your business with any of the private insurers. Since you mentioned to go for Term Assurance plan do also consider SBI Life, Tata Aig, Bajaj's Term plan with Return of Premium feature.

   Do register your self the next time you drop-inn.

   IBS

   Posted 2 years ago #
3. 

   Anonymous
   

   Unregistered
   
   Posts: 8

   Reputation:8

    

   It do not matters which is best and which is bad, The thing is how you select and which insurance company you select.

   Posted 1 week ago #

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