Annual Renewable Term Life Insurance
Is there any other company offer "annual renewable term" Life Insurance in India?
Isn't it a better choice than Within level? I want to introduce a pure poicy risk only, as I believe that insurance and investment should not be mixed. Any suggestions regarding to it. I think the LIC and SBI are offering the lowest level of contributions of Term Insurance plans. What term plan is better to go to, for one .. 28 years of age
Atleast I found a person who thinks the same way as me. Insurance and investment should never be mixed. I prefer mutual funds investment and has opted for term insurance for insurance (though I still have my LIC policy framework since it was the initial errors.) Now come to your question. Annual Renewable Term insurance is not available in India due to a practical problem. Every year one has to undergo medical and have to prepare the policy document. As I searched for myself at the age of 28-29, SBI offers cheaper medium-term plan for 25 years. (15L for 25 years @ 4284 / -)
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