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Term Plans are protection plans which provide only life cover. These plans can help you get adequate cover at low cost.
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Best Term Plan How to choose best term insurance plan?
Protect Yourself With Term Plan • Term insurance policies are one of the best and oldest forms of life insurance plans. • Term insurance provides life cover to the policy holder for a fixed term period usually , 05-40 years or even up to age 75. • Term insurance plans are available at affordable premium rates.
Understanding Term Plan Lets consider the following scenario • Mr.Mahesh he needs to travel a lot. • He is married and his wife does not work and takes care of their kids. • Mr. Mahesh owns a plush house and a car. To ensure that in his absence his family continues to live the same lifestyle as they do now.
How to Choose Term Plan? • Check company profile, how good the insurance company is? • Compare the terms and conditions of different plans using online comparison websites. • Check for high claim settlement ratio. • Check if your needs are satisfied.
Resources You Can Use Online Term Plan Calculator • Various sites provide users with calculators which help you calculate premium depending upon your requirement. • This helps you accurately determine about the policy and helps you plan accordingly.
Benefits of Term Plan Calculator • Flexibility to choose protection cover based on your needs. • Helps you compare multiple policies simultaneously. • Free to use, 24X7 availability.
Customer Review on Term Plan Providers Bajaj Allianz Life Insurance Company Ltd Reviews Aviva Life Insurance Reviews AegonReligare Life Insurance Reviews
Verdict • When ever you are choosing a term plan keep a clear goal of what are your requirement. • Having minimum cover is as good as not having one. So try to get maximum cover for yourself just to be further secured. • It is always advisable to have multiple term plan from different provides to get wide range of benefits.
Thank You References: www.aegonreligare.com www.technoportals.blogspot.in www.economictimes.indiatimes.com www.mouthshut.com