Need an Advice if i can avail Insurance Plan & Bajaj Allianz Lifelong Assure

Q & A ForumCategory: Home Loans & CreditNeed an Advice if i can avail Insurance Plan & Bajaj Allianz Lifelong Assure
anandkrishna25 asked 9 years ago
Hi Sreekanth, I am 30 years old working in IT. I would need some advice on financial planning. Currently i have a Housing loan for which i am paying 17000 a month and this for tenure 20 Years (5 Years Completed). Outstanding loan amount is 1400000. Also i am investing in Unit linked plan for Rs 25000 an year (2 more years pending). Recently i have gone through a plan which has life coverage and returns from 6th year and this is from Bajaj Allianz. Please advise me if this is a good idea to buy this plan. URL : https://goo.gl/NSRhMS Premium: 100000 per Year Tenure: 10 Years Thank you, Anand
1 Answers
Sreekanth Staff answered 9 years ago
Hi, Bajaj Allianz's Lifelong Assure is an Whole-life traditional life insurance plan. Suggest you to avoid these kind of plans. If you are under-insured, consider buying a term insurance plan with adequate life cover. Kindly read: http://www.relakhs.com/insurance-importance-life-health-accident-covers/ http://www.relakhs.com/traditional-life-insurance-plan/ http://www.relakhs.com/term-insurance-plan-a-waste-of-money/ http://www.relakhs.com/best-online-term-insurance-plans-india/
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