Dear Ashok, If your requirement is not
getting a life cover, you may save in PPF.
Experts suggest
getting life cover of at least seven times one's annual income.
For wealth creation and
getting a life cover, you can rely on ULIPs to grow your money sustainably.
In addition, you are
getting a life cover of Rs 10 lacs and a very significant amount at maturity.
Dear Deepak, Good to know that you have taken right decision by
getting life cover through a Term insurance plan.
They reveal that
getting a life cover proves to be costlier in single premium plans compared to the regular plans.
Here, we have busted some common myths about term plans, so that the insurance seekers can find the simplest and the most economical solution for
getting life cover.
Life insurance is a long - term commitment about
getting life cover in exchange of timely premiums.
(3) other than term insurance, how i can
get Life cover for my family safety?
Dear Srikanth, To
get life cover — Term insurance plan is a better option.
They decided to
get life cover for both of them, not just for Deepak, who is the major bread - winner.
It will not only help
you get a life cover, but will also help you develop the habit of saving, so you are able to get a lump sum amount once the policy matures.
You may be over the age of 50, a senior citizen or a pensioner in retirement but nevertheless it is still a great time to
get Life Cover and ensure that your loved ones are taken care of when you are no longer around to do so.
It gets you a life cover that acts as a financial cushion in case of a contingency.
So, on a premium payment term of 10 years, Mr Sharma
gets a life cover for 10 years.
You get a life cover of 11 times the Annualised Premium for the entire policy term.
When you invest in a life insurance product you get dual advantage i.e. your wealth is growing and you also
get a life cover.
(3) other than term insurance, how i can
get Life cover for my family safety?
The plan requires you to pay premium for 7 years and
get a life cover for 10 years.
This is a typical single premium policy where user have to pay the premium online once and
get a life cover as per the policy.
Your colleague at the office
got a life cover of Rs. 75 lacs, should you opt for the exact same life cover?
The policyholder
gets a life cover and critical illness cover for an entire policy term of 13 years.
Money Back Policy: Money back policy is a plan where policyholder
gets a life cover against the death along with periodic returns on sum insured.
With Exide Life Smart Term Plan,
get life cover benefit along with the return of premium at the end of policy term.
IDBI Federal Life Insurance POS Guaranteed Plan: Make one - time payment and
get a life cover and lump sum payment after 7 years.
Under this option, in case your partner died, you will continue to
get your life cover without paying any further premiums.
A form of insurance where the insured
gets a life cover for a specific term.
A form of insurance where the insured
gets a life cover for the entire life.
The Single Premium Endowment Plan from LIC is an endowment plan that allows the investor to
get both life cover and assured returns by paying a single premium.
Future Generali Assured Income Plan: Under this the consumer will pay the premium for a definite period and after it will
get the life cover for the next same years for which he / she pay premiums.
For a person who has a yearly income 5 lakh p.a. is eligible to
get a life cover up to Rs. 1cr.
Thus, you will
get life cover without having to pay premiums on account of your income earning capacity having got hindered.
Just pay the premium and
get a life cover of huge sum assured value.
Kindly avoid buying an Endowment plan if your requirement is to
get a life cover.
In any other scenario, you have to invest in two separate plans to
get a life cover and return on your investments, but investing in a wealth insurance plan, you can do both under a single plan.
Protection for your family:
Get life cover of at least 10 times the annualised premium for the entire policy term Pay as you like: With yearly, half - yearly, quarterly and monthly premium payment modes Tax benefits: Get tax benefits on investment and on returns, as per the applicable income tax laws
Get your life covered and provide a secure foundation for your family's future.
Talking about the E-Term plan, the combined benefit of term policy and ease of purchase makes it an ideal product for those who want to
get their life covered.
Investing in the plan in the younger age also helps
you get the life cover at the lower premium amount.
Get life cover for 36 critical illnesses and secure your loved one's finances after you with this plan.
If you buy early say at 28 years, you can
get the life cover at a lesser premium than one who is buying this plan at an age of 40 years.
He gets a life cover up to 80 years of age.
Buy Online: By buying term insurance plan online, you can
get the life cover at lesser premiums, intermediary cost is eliminated.
This means
you get a life cover which is almost 42 times of the total premium paid.
In this post, I want to focus on how much you pay to
get life cover in a ULIP.
Therefore, if your annual premium is Rs 50,000, you will
get a life cover of Rs. 5 lacs (10 times the Annual Premium).
Not all investors with the AMCs
get the life cover.
For example, a 28 - year old non-smoking male can
get a life cover of Rs.
As the name suggests, under single premium insurance plans, you pay premium just once and
get the life cover (and investment benefits, if any) for many years.
Though the tenure is 16, 21 or 25 years, you need to premiums only for limited period, but you would
get life cover for the entire tenure.