We keep getting lot of questions on how to choose the best term insurance plan or which is the best term plan or which is the cheapest one. So let’s go deep to understand more about it. To know the basics you can read what is term Plan? Let’s begin with understanding the importance of it & later we will see 3 criteria to choose best term plan.
We all know death & taxes are unavoidable
– we plan for taxes to avoid trouble but do we plan for other one. NO…
most of the Indians don’t. People look so sure that nothing will happen
to them. That makes their families life miserable in case of sudden
demise of the bread winner.
LIC in Nanital – Insurance means Safety.
Let me share a real example one
of my sister’s friend expired due to food poisoning – he was under 30
years of age. He never thought, what will happen if he will not be
there?? He left this question unanswered for her wife & 2 year old
daughter. No one can fulfill the emotional vacuum but what about
finances? If he would have given some importance to this family would
have been financially secured. In some cases death occurs at young age
when the life deceased has loans to pay. See what happened in Japan. Do you think the banks will not ask for the home loans or personal loans repayments from the families of the deceased?
So don’t delay this & take a term plan today. But which one is still not answered. Simple answer is going for the policy which is having least premium. NO this will be a big mistake. Read a case…
Got a comment/question on term insurance plan (We must appreciate him the way he has researched for his policy):
“I had asked for the quotes for Term
Insurance from various Co’s about the sample insurance of Rs. 50 lac for
31 yrs. old. The various quotes have made me more confused than ever.
The rates vary from Rs. 5, 800 to Rs. 15, 450.
read more http://www.tflguide.com
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