Not exact matches
I am
planning to buy ONLINE
pure / basic
term insurance (
term duration — 35 years) for both of us, before buying i have
done some ground work and shortlisted below 2
plans as the premium of these are very less compared to LIC, SBI and ICICI.
Did you rewrite your
plan when the peer - reviewed academic research showing that there is precisely zero chance that a
pure Buy - and - Hold strategy can ever work for a single long -
term investor was published?
I currently
do not have any other insurance policies, I
plan to take a
pure term plan (HDFC Click 2 Protect, 1 Cr with riders — IB & CI).
You don't want to purchase a
pure vanilla
term insurance
plan since you
do not get anything back.
Term insurance doesn't have an investment component & these are
pure protection
plans.
I currently
do not have any other insurance policies, I
plan to take a
pure term plan (HDFC Click 2 Protect, 1 Cr with riders — IB & CI).
If you
do not have dependents, you can avoid taking a
pure term insurance
plan.
It is a
pure term plan covering death risk and
does not pay anything on maturity.
Do you think a
pure term plan is not a good option?
Term plans are
purest form of life insurance as it
does not build any cash value and maturity benefits.
The Amulya Jeevan II
pure term plan is a non-participating
plan and non-linked
plan which means the policy
does not participate in the profits of the corporation and is not linked with units of any financial instruments.
If, you are the main source of income for your family, your presence
does matter for their financial stability.Have you ever wondered about your loved one's condition if you are not around.The family income stops and it will create an economic crisis for the family.Kotak Saral Suraksha
plan is a
pure term plan which will enable you to secure your family's financial stability.
You don't have such restrictions (on sum assured) in case of
pure term plans.
Since
term life insurance
plans are
pure risk cover and
do not have any investment component, GST will be charged on the entire premium.
People expect something in return on their investments, which they
do not get it from the
term plan, they consider it as a
pure waste of money.
Term life insurance being
pure protection
plans,
do not provide any kind of cash value.
Related: How to choose the right
term for your
term plan Conclusion: When it comes to buying
pure term plans,
do not merely go by the premium amount.
Also, as compared to the low cost
pure term insurance
plans which
do not offer any surrender / maturity benefit, whole life
plans have an investment component too and this is often used as a savings instrument.
Exide Life and Sahara Life
do not offer
pure term plans.