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Which is the best term policy?

Posted on October 21, 2022 by Author

Table of Contents

  • 1 Which is the best term policy?
  • 2 How much should be your term insurance cover?
  • 3 Which is the best LIC policy for 2019 – 2020?
  • 4 What are the salient features of LIC money back 25 years policy?

Which is the best term policy?

Best Term Insurance Plans in India 2022

Term Plan Entry Age(Min-Max) Policy Term (Min-Max)
ICICI Prudential iProtect Smart 18 – 60 Years 18 – 60 Years
IndiaFirst Anytime Plan 18-60 years 5-40 years
Kotak e-Term Plan 18-65 years 5-75 years
LIC E-term Plan

How much should be your term insurance cover?

Industry experts often recommend this simple formula: A term insurance cover should be 15 to 20 times your annual income. For example, if your annual income is 10 lakhs, then you should get cover for minimum Rs. 1.5 crore.

Which is the best LIC policy for 2019 – 2020?

Top 7 Best LIC Policy for 2019 – 2020 LIC Tech Term Plan LIC Jeevan Amar Plan LIC e-Term Plan LIC New Children’s Money Back Plan LIC New Jeevan Anand LIC Jeevan Umang LIC Jeevan Pragati

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What is the best life insurance plan with smart protect goal?

Bajaj Allianz Life Smart Protect Goal is a non-linked, pure life term insurance plan that comes with an encompassing life cover. To look after the specific needs of every individual, the plan comes with four variants and allows them to customize the plan as per their requirements.

What is the minimum and maximum policy term of a policy?

Minimum and maximum policy terms are 15 years and 35 years respectively. You have to pay the premiums for the entire policy tenure. If the policy holder survives till the completion of the policy term, the maturity benefit is paid out. It is whole life insurance plan.

What are the salient features of LIC money back 25 years policy?

The following are some of the salient features offered by the policy. The Money Back 25 years LIC plan offers a settlement option to receive the maturity benefit, which means that the insured can receive the maturity benefits in installments over the chosen period of 5 years, 10 years, or 15 years.

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