Hello sir,
my age is 33 years i want to buy a term plan, will it be good to buy a term plan of 50,00000 or 1 crore my annual income presently is around 7 lakhs, besides will it be ok to buy only a plain term plan without any riders, also I have shortlisted Aegon life and Max Life ,out of two , premium of Aegon is around 1000 less than max life for S.A 5000000, but Aegon office is not yet present in my home town but max life office is present in my home town.
My question is in in case if i purchase Aegon plan will it cause any problem in future to me because of the non availability of its office in my home town.
Thanks.
1 Answers
Hi,
I believe you are planning to purchase a term insurance plan through Online mode. The availability of a branch is not of much importance. But once your buy an insurance plan, you are advised to inform about the 'claim procedure' to your nominee/legal heir.
The quantum of life cover (Rs 50 L or Rs 1 cr) depends on your income potential, existing financial liabilities, financial obligations (goals) minus your existing life insurance cover (if any).
Kindly check with any life insurer to know about the eligibility.
Personally, i suggest a term plan with basic cover and you may then consider stand-alone plans for Personal Accident cover / Health cover.
Kindly go through below articles;
http://www.relakhs.com/best-online-term-insurance-plans-india/
http://www.relakhs.com/best-personal-accident-insurance-policies-in-india-details-comparison/
http://www.relakhs.com/best-health-insurance-comparison-websites-portals/
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