Best online term planOnline Term Plans in India After Launch of LIC E-Term

9/9/2014 Best Online Term Plans In India After Launch of LIC e-Term 1/17 PlanMoneyTax Best Online Term Plans Of 2014 In India – Comparison With New Premium by Chandrakant — 24 Comments Are you planning to buy an online term life insurance policy? Do you want to know the best term insurance plan in India after the LIC e-term plan? Do you want to know the cheapest online term plans? Are you searching for the updated premium of online
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  9/9/2014Best Online Term Plans In India After Launch of LIC e-Term PlanMoneyTax Best Online TermPlans Of 2014 In India– Comparison With New Premium by Chandrakant — 24 Comments Are you planning to buy an online term life insurance policy?Do you want to know the best term insurance plan in Indiaafter the LIC e-term plan? Do you want to knowthe cheapest online term plans? Are you searching for theupdated premium of online term insurance plans at oneplace? Do you want to objectively compare all the availableonline term plan in the market? This article will help you toselect the best term life insurance plans in India. A premiumcomparison chart is also there to tell you about the best andthe cheapest term insurance plan . After reading thisarticle you get to know about the insurer with best claimsettlement ratio . You will have the idea about the  financialstrength of the insurance companies . In the next fewminutes you will be able to judge the best online terminsurance plan. But do you know the features of term plan?  Go Top 5 Posts 1. 10 Best TaxSavingInvestments 1 BHK Flats In KhargharCognizant Hiring Sept'147 Days Free Intraday TipsCalculate Premium for You Get Premiums from Top Companies. Compare Plans & Get The Best Plan! Class VI to X CBSE NotesSikkim Manipal UniversityCFP Certification @ ICICIHome Loan EMI CalculatorSubmit Resume NowUpload Your CV For Jobs DOEACC 'O' LevelCourses Find Top DOEACC Institutes in India GeInfo on Admission,Fees,Courses. NLP CertificationCourseIIT JEE Paper &SolutionsBest Term LifeInsuranceSubmit Your ResumeAn Initiative By NACOReliance ™  AutoInsuranceUpload Your CV ForJobsBecome A BusinessAnalyst HomeDealsYour MoneyAbout  9/9/2014Best Online Term Plans In India After Launch of LIC e-Term Do you know, the importance of the term plan? Do want toknow why I recommend a term life insurance plan vigorously.Do you also want to avoid the greedy insurance agent ? If your answer is yes, then please go ahead to choose the bestterm life insurance. Else, You should first read the TermInsurance Plan Guide. Parameters For SelectionOf Best Online TermInsurance Plan To compare the online term plan of insurance companies, Iwould go through these criteria.1. Premium 2. Company Reputation 3. Claim Settlement Ratio 4. Solvency Ratio 5. Riders 1- Online TermPlans- Compare ThePremiums I know you care most for bargains. Hence, I will first talkabout the premium of term plans. Indeed, the biggestbenefit of online term insurance plan is the low-cost. Thepremium of online term insurance is 30-50% less than offlineterm insurance. This discount in premium is possible becauseof the many benefits of an online sale. Insurance companiessave on agents commission and administration charge. Also,The target group of the online term plan, the white-collarpeople, is considered more healthy hence less risky.Surprised? They are healthy not because, they do moreexercise or physical labor. But they can afford better medicalcare of themselves. Like you, I am also not very muchconvinced, But insurance companies consider this. So, onlineterm plans are most cost-effective. But like you and meeveryone wants to save more. You can do this by comparingthe online term insurance premium of different companies. Achart is given below.2. Pension Bill –Changes inNational PensionSystem andBenets to You 3. SBI Gold DepositScheme: GetRegular IncomeFrom Your Gold 4. It’s Your Money,Here Is The RuleTo Withdraw EPFWithoutEmployerSignature 5. PPF Account InSBI- How ToOpen And InvestOnline  9/9/2014Best Online Term Plans In India After Launch of LIC e-Term Online Term PlanPremium LIC e Term14,600 ICICI Pru iProtect 10,900 HDFC life Click2 Protect 10,600 Bajaj Allianz iSecure  11,960 Kotak e-Preferred TermPlan 11,500 SBI Life – eShield 13,135 Reliance Online Term6,514 (Lowest) Aviva iLife 7,853 AEGON Religare iTerm LifeInsurance 7,300 Max Life Online Term Plan 7,100 Bharti Axa Life eprotectPlan 7,300 IndiaFirst Anytime Plan 9,214 Canara HSBC eSmart TermPlan 8,740 PPF is one of the most popular tax saving investment. But do you get handsome interest on it except tax saving?... PlanMoneyTax  @PlanMoneyTaxLear the correct way to calculate interest on your PPF InvestmentClick at PlanMoneyTax  @PlanMoneyTaxShow Photo  PlanMoneyTax  @PlanMoneyTax 4h4h4 Sep Tweets Follow Tweet to @PlanMoneyTax Don't MissAny Article Give Your Email Subscribe Rs. 6999Moto ERs. 12999Moto G (2nd Gen)Half Girlfriend (English) Search product...  9/9/2014Best Online Term Plans In India After Launch of LIC e-Term To prepare this chart I have visited the websites of insurancecompanies and got the above quotes. These quotes are forRs one crore insurance cover. This premium is for a 30 yearyoung and healthy man. The man who does not smoke. Theabove mentioned premiums are excluding of taxes.  Inthe above chart you can see online term insurance of onecrore can be taken at the premium of only Rs 7100. Thisamount can be astonishing for many. I know, you are nowworried about the little tax saving, it offers. Relax! there aremany other tax saving options.In the name of insurance, companies used to sell theinvestment plans. These investment cum insurance planscharge a hefty premium, but gives small insurance cover.Previously LIC did everything to discourage term insuranceplans. But Finally, at last it has also introduced iCare. Amongprivate life insurer the established companies are chargingmore for the term plan. The newer companies such as Aviva,Max Life, Aegon Religare, Bharati Axa is charging premiumless than Rs 8,000. Reliance is even charging less than Rs7000. But as I said you should not decide only by premium. 2- Choose ReputedInsurance Company  You take Life Insurance for a long duration. Particularly, terminsurance is taken for 20-35 years. The financial security of your family lies with the insurance company. In this scenario,the insurance company should be reliable and reputed.Definitely LIC scores on this front. LIC has backup of thegovernment of India. It has been in the country for more than50 years. ICICI Pru and HDFC Life are also subsidiaries of thetwo biggest private banks of the country. Management of these companies are professional. In my opinion, these twoinsurers are also in ‘A’ grade. Bajaj, Kotak, SBI and CanaraHSBC also have better corporate governance record. Restlife insurer falls in C grade. Please keep in mind, this grading issubjective.
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