If
you choose a pure term plan, then you will pay total 8,424 X 20 = Rs 1,68,480, but for the ROP plans you will pay a total 4,51,540 and get the same back without any interest amount.
You can always
choose a pure term plan where you might get an insurance upto 1 crore with a very less premium.
Not exact matches
Also known as asset based long -
term care insurance, you can
choose life insurance mixed with long -
term care insurance as an alternative to traditional
pure long -
term care insurance.
An alternative to traditional
pure LTCI is to
choose life insurance with long -
term care rider plans.
A
pure risk plan which provides benefits only if the insured dies during the
chosen term of the plan.
Most people that are looking for
pure protection will just
choose a
term life insurance policy since it can provide lots of coverage for less money.
TATA AIA Life Insurance Sampoorna Raksha: A
pure term insurance plan that ensures complete financial protection for your family and also offers you the flexibility to
choose the plan that caters to your needs.
An alternative to traditional
pure LTCI is to
choose life insurance with long -
term care rider plans.
You may
choose pure death coverage by buying a
term policy and investing funds on the side in a separate savings account rather than pay the fees associated with whole life insurance.
A
term insurance policy is a
pure life insurance policy which gives you the option to
choose your policy
term according to your need.
A
term plan provides a
pure life cover and the insurance company pays the
chosen sum assured amount to your family, in an unfortunate event of your demise.
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.
This is a
pure term insurance plan which has several riders, benefits and one can
chose based on individual requirement.