I am planning for term insurance from this april ,please suggest which way it will be best .
whether to go by Offline Mode or by Online mode.
What are difference between the two and which will be the best policy for me to go.
May I know if you have any life insurance policies in your name? If yes, kindly share the plan names.
If you are comfortable buying online, buy through online mode directly by visiting the concerned insurer’s portal. You can use web aggregators like policybazaar, comparepolicy etc just to do analysis and review.
You can get a basic term plan at comparatively lower premium rates if you buy through online mode. Make sure you buy a term plan where medical tests are mandatory.
You may go through the below article –
Top 5 Best Online Term Life Insurance Plans 2020 | Comparison & FAQs
I have a HDFC SL NEW MONEY BACK PLAN policy with sum assured of 1 lakh and a premium of Rs12200 for a year.i have pending 4 premium till 2024 .please advise do i need to continue paying or close it.
Once you buy a Term plan with adequate life cover (Sum assured), you may make this HDFC policy PAID-UP one.
Kindly read :
Life insurance : How to get rid off bad insurance?