I recently turned 25, so people around me asked me to be more serious in life, take more responsible decision
.
.
I did what every responsible person should do,
(small pause)
bought Term life insurance so that I can attempt suci*e without any guilt!
I'm planning to buy Term Insurance for myself (25M).
Cover: 1.5Cr
Policy Term: 40 Years (till 65yr age)
I researched about few companies but none of them provides critical illness rider for the entire policy term except Acko. and their prices are also very cheap, so I was wondering if anyone has bought Acko term life insurance? and how is the experience with it?
I know it's relatively new company and not as reputed as HDFC, Max, Tata. So even I've very less trust on them. So i'm thinking of buying two policies. give your thoughts
Tata AIA
Term Plan: 1.5Cr (40 Years) -> Premium: 13412/year
Disability Rider: 70L (40 Years) -> Premium: 1827/year
Total: 15239/year
Acko
Term Plan: 50L (40 Years) -> Premium: 6655/year
Critical illness Rider: 30L (40 Years) -> Premium: 5872/year
Total: 12527/year
Final: 2Cr + 70L (ATPD) + 30L (Critical illness) for 40 Years @ 27766/year
----------------------------------- OR ----------------------------
Tata AIA
Term Plan: 1.5Cr (40 Years) @ 13412/year
Disability Rider: 70L (40 Years) @ 1827/year
Critical illness Rider: 30L (30 years) @ 13662/year
Total: 28901/year
Final: 1.5Cr + 70L (ATPD) for 40 Years + 30L (Critical illness) for 30 Years @ 28901/year
----------------------------------- OR ----------------------------
Tata AIA
Term Plan: 2Cr (40 Years) @ 15950/year
Disability Rider: 70L (40 Years) @ 2030/year
Critical illness Rider: 30L (30 years) @ 16710/year
Total: 28901/year
Final: 2Cr + 70L (ATPD) for 40 Years + 30L (Critical illness) for 30 Years @ 34690/year
----------------------------------- OR ----------------------------
HDFC Life
Term Plan: 1.5Cr (40 Years) @ 14508/year
Disability Rider: 70L (40 Years) @ 1891/year
Critical illness Rider: 25L (15 years) @ 3427/year
Total: 28901/year
Final: 1.5Cr + 70L (ATPD) for 40 Years + 25L (Critical illness) for 15 Years @ 19826/year
Please suggest if should i explore any other policies as well
I'm planning to buy Term Insurance for myself (25M).
Cover: 1.5Cr
Policy Term: 40 Years (till 65yr age)
I researched about few companies but none of them provides critical illness rider for the entire policy term except Acko. and their prices are also very cheap, so I was wondering if anyone has bought Acko term life insurance? and how is the experience with it?
I know it's relatively new company and not as reputed as HDFC, Max, Tata. So even I've very less trust on them. So i'm thinking of buying two policies. give your thoughts
Tata AIA
Term Plan: 1.5Cr (40 Years) -> Premium: 13412/year
Disability Rider: 70L (40 Years) -> Premium: 1827/year
Total: 15239/year
Acko
Term Plan: 50L (40 Years) -> Premium: 6655/year
Critical illness Rider: 30L (40 Years) -> Premium: 5872/year
Total: 12527/year
Final: 2Cr + 70L (ATPD) + 30L (Critical illness) for 40 Years @ 27766/year
----------------------------------- OR ----------------------------
Tata AIA
Term Plan: 1.5Cr (40 Years) @ 13412/year
Disability Rider: 70L (40 Years) @ 1827/year
Critical illness Rider: 30L (30 years) @ 13662/year
Total: 28901/year
Final: 1.5Cr + 70L (ATPD) for 40 Years + 30L (Critical illness) for 30 Years @ 28901/year
----------------------------------- OR ----------------------------
Final: 2Cr + 70L (ATPD) for 40 Years + 30L (Critical illness) for 30 Years @ 34690/year
----------------------------------- OR ----------------------------
Final: 1.5Cr + 70L (ATPD) for 40 Years + 25L (Critical illness) for 15 Years @ 19826/year
Please suggest if should i explore any other policies as well