Hi Sreekanth,
I am going to buy term insurance. But I am confused to choose one from below. Kindly help.
HDFC click2 protect plus or ICICI iprotect smart term insurance plan or if you want to prefer anything other than this. Thanks in Advance
1 Answers
Hi,
You may buy a term plan from any life insurance company that you are comfortable with. Do disclose the required information in the proposal form honestly and accurately. Kindly read and understand the details given in the product brochures, Riders brochures, policy wordings documents etc., before you buy a term plan.
Kindly note ;
“As per the recent amendment to Section 45 of the Insurance Act, If your policy is 3 yrs old, no matter what happens, the life insurance company will not be able to deny the claims. So, your life insurance company has only 3 years in hand to reject the policy based on any mis-representation or mis-statement. Once 3 policy years are completed then the life insurance company has to settle the claims and can not reject them.”
Kindly go through below articles, can be useful:
http://www.relakhs.com/best-online-term-insurance-plans-india/
http://www.relakhs.com/iprotect-smart-icici-prudential-new-term-insurance-plan-features-benefits-review/
http://www.relakhs.com/hdfc-life-click-2-retire-online-ulip-plan-features-illustration-review/
http://www.relakhs.com/aegon-life-iterm-insurance-plan-benefits/
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