Need to Buy TERM PLAN - Help Needed
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HI Guys…
How r u al… Posting after so many months…:-D
1st of all Happy fndship to all Guys..
well, i want to buy Term Plan for me can anyone suggest good and chepest plan ?
My current age is 24…
TIA !!
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My dear friend now you are 24/7 under vigilance
Be alert be safe 
Just kidding
.
Very good considering your age, marriage etc.
Keep nominee 50/50 mataji & biwiji or different ratio depending on balancing 
Go for hdfc click 2 protect, with critical illness rider
@OnlineBewda Geeeee! Heeee aalso forgetsss yooo
Pm me
I will give you 2% Cashback
@Blindthoko. First tell what is a Term plan? I don’t know about this.
Happy Friendship Sunday!
Let it be then bro.. enjoy sunday 
Good decision.
In addition to @gotrajk points,
1. Fill proper information. Dont lie in the form. 2. If you drink / smoke mention it. 3. I love adventure sports so had mentioned that, underwriter team took some time to issue policy to me. 4. Go with any decent Insurer eg HDFC , LIC (if you can afford), ICICI. (Secret : They all have same re insurer:-} )
Thanks & kg too all for Info… can any one suggest some of good company ? and benfit..
Thoko Bhaii… Kem cho? Happy friendship day!! #Nachoo
You are mixing up various policies. This is health insurance, not life, not critical illness.
As far as bundled product goes, this is the least promoted by the bank. The bank has taken a group mediclaim for its customers and negotiated a special price. This is similar to group mediclaim taken by corporates.
Before rejecting outright, look at the various options and you will realise the benefits.
@BliNdThOkO_10 too mixes up his queries, problems
So we started from Term Plan to Riders to Health Insurance
But one need both policies anyhow so discussion can go parallel
Good Topic & Good decision,
First , Why did you choose to get a term plan?
Do you have any liabilities right now? As you are 25 i think you may have to answer few questions about your future
- How many dependents you have ? Today and May be in next 5-10 years.
- What kind of lifestyle you are currently and want to provide for your family ?
- How much you need for your children’s education ( considering the inflation )
- What your investment needs are ( You planning to buy/build a house )
- What your affordability is policy term?
The general thumb rule is
- Minimum Sum Assured = Your Annual Income x 10 times + Loans/Liabilities ( Current)
Insurance is not a method of saving , hence do not club it as a saving instrument.
You can also think to have two policies ,
- If you plan for 2 Cr then 1 Cr from a one Provider and 1 Cr from another
- You can also take one more policy latter if your liabilities increase
Note : I am no expert in insurance domain , its just what i have read and practice.
Wow! Should one think on these questions? I am 30 now but have never thought of any of these so far.
Look into different term plans before taking one.
Always go for a plan that offers continuous cover till the age of at least 60. There are certain insurers who would offer plan for only one year. The premium may look less but next year when you want to renew, the premium would increase. A long term plan blocks the premium rate for the entire tenure and you pay same premium every year. Initial rate may seem higher but you benefit in the long run.
There is no limit to the number of term plans that one can take. So go for sum assured that you can afford at the moment. You can always take another plan to increase the cover subsequently.
Remember the purpose of insurance is risk cover at lowest cost. It is not an investment plan. If any plan offers money back/ return on investment, reject outright. It is not the cheapest option.
tagging some of my fnds… @A2Zdeals @DealSeeker @kanz @Plato forgot my fnds username…
after so many month i came to online.. !