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Thread: Term Insurance - Cheap & Best Insurance

  1. #11
    New Member rbala99's Avatar
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    Default Term Insurance

    Term insurance is the only one to take, if at all you need life insurance. Treat life insurance like an expense. Keep spending on life insurance till you have a dependant. Once you grow up, your dependents become independent, stop your payouts. Or, if you are born rich, done well have money, do not put money in to any insurance product.
    Never, never insure your child. Pointless.
    Do not mix insurance and investment.
    If you want a cheap term life policy, check out web site of Aegon Religare. Policy available online, no agents. Hence, cheapest premium.
    Take this policy if at all you need life insurance.

  2. #12

    Thumbs up Heath Insurance...

    Treat life insurance like an expense. Keep spending on life insurance till you have a dependant. Once you grow up, your dependents become independent, stop your payouts. Or, if you are born rich, done well have money, do not put money in to any insurance product.
    Never, never insure your child. Pointless.
    Very well said, bala. I liked these points very much and I have been following them already.

    But I do need to say that health insurance is a must in India where you need to spend a lot during hospitalization. Better you begin at an young age where you do not need to pay high premium. You need one when you slide into middle age.

    Friends, please throw some more light on Health Insurance...

  3. #13
    Banned Allie Ashlie's Avatar
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    Default

    Term life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments and/or conditions. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis.morgage advice..

  4. #14

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    Quote Originally Posted by Satish View Post
    It is good that the returns have been pretty with the Unit Linked Insurance schemes offered by Insurance companies. But, it is to be accepted that Insurance companies venturing in to stock market places the returns of the insured under great peril and to a gambling option preferred by the insurers. The time has come when insurance companies are dependent up to 80% of revenue on ULI schemes and only a negligible percentage on the conventional insurance.

    We should not go for ULIP if looking for life insurance as it's not advisable. Always keep your life insurance separate from investment. Better opt pure term plan which gives good pretty amount to family in insurer's unfortunate death. And for investment go for PPF, national saving schemes and others which is not depends on the market.
    Last edited by jeson; 04-01-12 at 10:20 AM. Reason: deletion of some word

  5. #15

    Default

    HDFC Life Launches click to protect term insurance plans online. Some of the advantages of HDFC life online term insurance plan is:

    - Buy this plan at click of button , anytime & anywhere
    - High cover at a very nominal cost.
    - Flexibility to choose the Sum Assured and policy term
    - Attractive premium rates for Non tobacco user and those with healthier lifestyle.
    - Tax benefits under sections 80Cand 10(10D) of Income Tax Act, 1961.

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