Best term plan for 25 year with 1 cr cover?

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VANDANA (Querist)
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10 November 2011 i wann to suggest to my client

HE WANT TERM PLAN FOR 25 YEAR OLD DAUGHTER!! COVER REQUIRE - 50 LACS TO 1 CRORE.....

1ST QUESTION - WHICH IS THE GOOD PLAN?

2ND QUESTION - WHICH IS BEST OPTION TO BUY ONLINE OR BROKER??

in my thinking he should purchase online as nobody will further rquire of broker in term plan as we need broker or agent in purcahsing Insurance policies!!!!!!

WHATS YOUR OPINION??? -WITH BENEFITS ACCORDING TO YOU/??? OR ANY MINUS POINTS ACCORDING TO YOU???

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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21 November 2011 I think you are talking about Insurance.

Always go for LIC only, as there is no surety for private companies.

VANDANA

VANDANA (Querist)
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21 November 2011 Ya i knew it dear... i wann to know benefitial term plan according to you!!!!!

if anyone know please let me know

like - AVIA, ICICI, etc....

Please don't give ur suggestion on assumption basis...if wann ans ... ans on experience basis

RG - A Helping Hand

RG - A Helping Hand (Expert)
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21 November 2011 Plz search good plans on internet as per your need. Further I would suggest you to buy the plan from Broker bcoz this would enable you to discuss all the benefits and terms and conditions of the plan one on one.

CA. SHIVA SHANKARA R. SHETTY

CA. SHIVA SHANKARA R. SHETTY (Expert)
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03 August 2012 vandana dear,

insurance plan is one to one basis. each person requirement is unique and investment in the insurance according to his requirement.
In the market, you can get number of plans. First understand your client requirement, level of risk and amount of investment clearly and decide yourself which plan is better to him.
Every investor risk taking level is different. If your client ready to take high risk, then choose equity oriented plan. Otherwise go for debt oriented or hybrid plans.

By giving term and amount, it is not possible to tell the plan

Prof. Bajaj

Prof. Bajaj (Expert)
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04 August 2012 In my opinion, you should advise him / her to go for online term plan only.

Just find out, which plan is available in his city.

You may find cheapest of Aviva, Aegon Religare, Bharati Axa and ask him to go ahead with it. All these companies are well capitalised and have to settle to claim.

When talking about term plan, there is no point in discussing equity,debt or hybrid.

VANDANA

VANDANA (Querist)
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04 September 2012 Thank You CA. Shiva shankara Shetty && Prof. Bajaj !!!

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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06 September 2012 As to my opinion and experience (even you can search and see) never go for private insurance company. Some of my clients had faced too much problems of either late receipt of claim, or received much lessor claim from private companies as compared to LIC.

Conclusively, its your money, expend it in a way you like. My work is to just make everyone aware.

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