An individual may consider
a term plan variant depending on their specific requirement / s like:
Not exact matches
On the broader subject of green cars, Leone suggests more hybrid
variants are in Cadillac's long
term plan, but also states very clearly that being the most fuel efficient luxury brand is not a priority.
There are also rumours about a more luxurious
variant named Maybach, which would go up against the future
planned Rolls - Royce SUV in
terms of luxury and comfort facilities.
While we are still big fans of the plain vanilla
term insurance
plans, you may still find a
variant that fits your protection needs better, so it's a good idea to find out if it does.
Wealth Solution — This
variant of the
plan has been designed to maximize long -
term wealth creation for policyholders.
Under
variant B, 110 % to 150 % of the premiums paid are returned depending on the
plan term chosen.
Your premium will be based on Sum Assured,
plan variant, gender, age, policy
term and premium payment frequency.
This
variant of pension
plan needs you to pay a one time premium, subsequent to which you start getting regular annuities for a specified
term or the rest of your life.
TROPs are a
variant of regular
term insurance
plans....
There are many
variants of
term policies, like return of premium, but a pure
term plan is still the best option
The
plan is available in two
variants: premium
term of 12 years with policy
term of 22 years, and premium payment
term of 15 years with policy
term of 25 years.
You can see first
variant is a regular
term plan while the remaining options are Income Replacement Term Insurance p
term plan while the remaining options are Income Replacement
Term Insurance p
Term Insurance
plans
However, a
term plan can also come in multiple
variants.
Apart from the basic version of the
term plans, we have presented a comparison of
variants of the
term plans offered and a brief about their features.
SBI Insurance (SBI) offers different
variants of
Term insurance
plan to provide financial protection against life's uncertainties.
Term Life and Whole Life are the most popular
variants of life insurance
plans.
In short, the best way to summarize the two
variants is that a
Term Insurance
Plan offers protection for a defined period of time at cheapest rates, Whole Life Insurance
Plan comes with a cash value, which helps build funds within the tenure of the policy.
There are many
variants available apart from the plain vanilla
Term Insurance
plan like increasing death benefit, decreasing death benefit, life stage options, critical illness cover, terminal illness cover and so on.
One such
variant of a
term plan is a decreasing
term insurance
plan.
These days, within a
term plan also, insurance companies offer
variants.
The
plan comes in two
variants of Gold and Silver with different eligibility criterion as regards to the entry and exist age,
plan term and the premium paying
term
The
term plan provides life cover combined with benefits on accidental death, accidental total permanent disability and critical illnesses and benefit of Waiver of Premium, depending on the
variant opted by you.
However, there are many
variants of a
term plan:
But usually, people buy
term insurance
plans which is Without Return of Premiums because in the other
variant the premium rates are very High and plus the amount that we get on return is the premium paid itself.
A money - back
plan is a
variant of an endowment
plan with one difference — regular payouts are staggered through the policy
term at specific intervals as long as the policyholder is alive.
Each one of our financial needs is different; this is why the Bajaj Allianz Life eTouch Online
Term Plan comes in four
variants, i.e. Shield, Shield Plus, Shield Super and Shield Supreme.
We can suggest, whenever you look forward to purchasing a two wheeler insurance
plan, consider the
variants of the insurance policy, including the features and benefits offered, premium rate, what all is covered and what is not,
terms and conditions, sum assured etc..
Increasing annuity — In this kind of a
plan, the
terms may be similar to any of the above mentioned
variants, but the payment would increase at a pre-decided rate, keeping in mind the rates of inflation.
There are two
variants of the
plan, Gold and Silver and the
term with different criterion for entry and exit age, policy
term and PPT
The other
variants that most of the life insurance companies offer under the income replacement
term insurance
plan are explained in the other section of this post.
Exide Life
Term insurance
plan comes with one Standard Term plan called Smart Term Plan but with three varia
plan comes with one Standard
Term plan called Smart Term Plan but with three varia
plan called Smart
Term Plan but with three varia
Plan but with three
variants.
But, even if you have a loan, you can still find a
variant of income replacement
term insurance
plan as a combination of lump sum and income replacement
term insurance
plan.
Most of the life insurance companies do offer
variants of income replacement
term insurance
plan.
Maturity Benefit: Protect assured
variant of the
term plan pays back 120 % of the premiums paid on maturity of the
plan.
Aviva i - Life Total is comprehensive
term plan with very good
variants for choice of cover.
This
plan has two
variants apart from the stand - alone
term plan.
Exide Life Smart
Term Plan with Return on Premium: This is the only term insurance plan offered by Exide Life but come in three variants to fulfill individual requireme
Term Plan with Return on Premium: This is the only term insurance plan offered by Exide Life but come in three variants to fulfill individual requireme
Plan with Return on Premium: This is the only
term insurance plan offered by Exide Life but come in three variants to fulfill individual requireme
term insurance
plan offered by Exide Life but come in three variants to fulfill individual requireme
plan offered by Exide Life but come in three
variants to fulfill individual requirements.
This
term plan by Bajaj offers four variants in Term Plan - Shield, Shield Plus, Shield Super, Shield Supr
term plan by Bajaj offers four variants in Term Plan - Shield, Shield Plus, Shield Super, Shield Supr
plan by Bajaj offers four
variants in
Term Plan - Shield, Shield Plus, Shield Super, Shield Supr
Term Plan - Shield, Shield Plus, Shield Super, Shield Supr
Plan - Shield, Shield Plus, Shield Super, Shield Supreme.
The below examples with figures are just to show you the differences between the
variants of an income replacement
term insurance
plans and may vary from insurer to insurer.
This
term plan provides two
variants namely, Future Generali Care Plus Classic and Future Generali Care Plus Premier that ensures financial security for your family.
i) For some who is looking for a plain vanilla
term plan with no riders, no
variants, high claim settlement ratio then «Click2Protect» from HDFC Life fits the requirement and is a good choice.
iv) Online
Term Plan from Max life offers a good choice of
variants like basic life cover, life cover + monthly income, life cover + increasing monthly income.
Let us look at the below list of
Term Plans and the
variants available:
Let's Understand The
Plan With An Example: Ramesh aged 27 years has taken a Bajaj Allianz Invest Assure policy and has opted the Gold
variant for a policy
term of 23 years and premium paying
term of 13 years (by selecting a PPT of «PT minus 10», i.e., 23 - 10 = 13).
There are 4
variants of
term insurance
plans offered by TAT AIA Life.
a) For some who is looking for a pure plain vanilla
term plan with no riders, no
variants then «Click2Protect» from HDFC Life fits the requirement and is a good choice.
The premium mentioned is illustrated for 30 year old non - smoking male paying premium for Exide Life Smart
Term Plan - Comprehensive Variant with a premium payment term and policy term of 15 years under medical categ
Term Plan - Comprehensive
Variant with a premium payment
term and policy term of 15 years under medical categ
term and policy
term of 15 years under medical categ
term of 15 years under medical category.
These
plans are a
variant of
term plans and thus they help provide financial security.
The
plan comes in 3
variants: Level
Term Assurance, Increasing
Term Assurance and Decreasing
Term Assurance.
b) While selecting a
term plan, it should be remembered that an insurance company might offer different
variants of same
plan.