Rajesh Deepak
from Patna |
Dear All
Can you analyize which insurance plan is best for us.
Why selling agent sell some particular plan and define the best plan.
Why we choose term plan instead of endowment...
Analysis ......
Thanks.
Which insurance plan is best for us.
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Replies 1 to 2 of 2
Nagaraj
from Tirupati |
Thumb rule is you should be insured for 80 times of your monthly income. If you are earning 50 k you should have a cover of Rs.40 lacs. Premium for a term plan can be anywhere between 10 k to 25 k depending upon the company whereas an endowment policy will cost you Rs.4 lacs. That's why Term Policy. Insurance is for the sake of Insurance not for savings. There are many options available which will give you a better return than Insurance policies.
Tanishq
from Mumbai |
Bank bazaar :P