What are different types of Life Insurance Plans?

Q & A Forum › Category: Insurance › What are different types of Life Insurance Plans?

sureshchinnu asked 10 years ago

Sir, I bought a Term insurance plan for 25 years cover already. i wish to buy a New Jeevan Anand plan too along with the term plan. Is it advisable to go for LIC's New jeevan anand plan, with a term insurance plan already in hand? Regards..

2 Answers

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Sreekanth Staff answered 10 years ago

Hi, If your objective is to get insurance cover (life cover), you can buy a Term plan, which you have already done. If your objective is to now get decent investment returns, you may ignore buying a traditional plan like Jeevan Anand and invest in better alternatives. May I know, why would you like to buy a Jeevan Anand plan? Your viewpoint?? Kindly read below articles: http://www.relakhs.com/traditional-life-insurance-plan/ http://www.relakhs.com/term-insurance-plan-a-waste-of-money/ http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/

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Sreekanth Staff answered 10 years ago

Hi, I have noticed that you have posted multiple insurance related questions as different threads. Suggest you to kindly post all your life insurance related questions in this thread only, instead of posting as new questions.