Do you work in IT sector? I believe they have some tie-ups with insurance providers if they’re paying good. Although a dedicated insurance at personal level is always recommended and employer’s one lasts only till you work for them, considering the age you’re mentioning, employer’s policy would be good enough keeping in mind the risk factors.
Yes I do in the IT sector, but they only have a health insurance plan and no term insurance
Please check DM
all are good.. including max.. genuine cases never an issue..
however i suggest to buy directly.. dont use intermediary..
Go with ICICI. If you go with 1 Cr+ it will fall under Elite category and the Service is far better in terms of any clarifications/responses/ service requests you raise. Also when you buy insurance dont look at coverage with todays value, consider the future value and take insurance. As a thumb rule you need to have coverage of about 20 to 30x of your current earnings.
Which one have you decided to move forward with?
Bought from HDFC Life
here you are not getting return of premium unlike Max Life, plus your money is not saved if you are not getting back premium amount. however, you can opt for a long term guaranteed return plans.
If you are ready to go for some guaranteed return plan you will be covering the taxation as 80C and 10 D will be covered also you will be getting guaranteed return also at the same point life coverage will be there plus lump sum amount. But if looking for a term plan then you just need to pay for 10 years.
1. it takes care of their parents
If you don't have dependent parents or siblings, and won't be marrying, then you don't need life insurance.
@Lobogris here is your answer plus it’s not life insurance its a investment plan where you are getting a guaranteed returns just for the future income or future savings
Why pay now needlessly for 5 pr 10 years until needed? Parents should have their own savings and assets. This is needless fear mongering.
sure. but most of us here are only looking at pure term plans without any return of premium
they should. but they generally don't. just look at the rest of 90% of india.
