Hi,
I am 33 years male and looking for Term plan of 1 cr. Considering all the factor mentioned at your blog, I shortlisted few companies and found premium of most of companies almost same.But Aegon religare provide term plan till 80 years and also they are having one inbuilt rider i.e. Terminal illness (25% at terminal illness and rest 75% at death during policy period). However claim settlement ratio is not good as compare to max, icici, hdfc.
Shortlisted plan: ICICI, HDFC, MAX, KOTAK, AEGON RELIGARE.
1 Answers
Hi,
If Aegon's term plan meets your requirements, kindly go ahead and buy it. Do not worry about claim settlement too much, as long as you disclose all the required info in proposal form honestly.
"As per the recent amendment to Section 45 of the Insurance Act, If your policy is 3 years 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 read below article;
http://www.relakhs.com/aegon-life-iterm-insurance-plan-benefits/
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