term insurance plan

Hello Mr. Pankaj Please guide me to choose a term insurance plan for a sum assured of 50 lacs. I was planning to go with Aegon Religare or Bharti Axa. Could you please suggest me the best out of two..or any other one also?

Aegon is offering the plan with a rider and there are not any rider available in Bharti Axa. Premium is almost the same in both. I am concerned about the claim settlement.

Please guide me.. I want to buy the plan asap. Thanks, Gaurav Miglani

asked Jun 13 '13 at 14:14 by gaurav miglani 112

On the basis of company size, reliability and settlement ratio, we would advise to choose from ICICI or HDFC online term policies.

answered Jun 14 '13 at 14:19 by Pankaj Batra 5.2k320

Dear Mr. Pankaj, But the biggest problem in these two companies is that they are offering a maximum policy term of 30 yrs. My age is only 26 now. that will give me a cover only upto the age of 56 at max. but i want it till the age of 65 atleast. that was also one of the reason for me to choose Aegon Or Bharti Axa. Please suggest.
(Jun 14 '13 at 15:50) gaurav miglani
Generally, one does not need insurance coverage after 60 years of age as most of the liabilities are over. I would advise you to buy Bharti Axa now and at around 30 years of age, get another policy from a reputed and older player and stop existing policy. By that time, you would have a full family too and can decide a best coverage amount.
(Jun 29 '13 at 13:44) Pankaj Batra

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Asked: Jun 13 '13 at 14:14

Seen: 2,034 times

Last updated: Jun 29 '13 at 13:44