Dear, I want to take Life insurance in term plan, I am 37 years old ,My income is Rs 3.5 Lac/Year & my wife income is rs3.5 lac/year. I have two children. M 6,1 What is the best term plan for me.From which insurance company? With critical illness or without? Jointly (Mr & Mrs0 available in any company? Pl. advice best,
Re: Term insurence.
by pankaj kumar on Aug 24, 2012 11:19 AM
Dear Sir, U can take policy from LIC. With Regards, PANKAJ KUMAR Insurance Advisor. LIC Of India New delhi # 9871619654
Hi, I have a 25 Lac term insurance from LIC with an annual premium of 8,000 (approx). I also have a endowment plan from LIC with commencement date - 14/11/2008 with an annual premium of 48,040. It has a sum assured of 10 Lacs. The premium is due in Oct 2011.
I plan to stop the endowment plan & buy a term insurance.
I had two questions related with the above-
1. How much money can I expect from the endowment plan as a refund 7 what will be the tax liability? 2. Can you plz suggest the best policy for 50 Lacs which has an extensive cover & good claim settle ratio.
Re: Term insurance
by pankaj kumar on Aug 24, 2012 11:22 AM
Dear Sir, First tell me which plan y have taken,i think you should not surrender this endowment plan, With Regards, PANKAJ KUMAR Insurance Advisor. LIC Of India New delhi # 9871619654
Hi, I have a 25 Lac term insurance from LIC with an annual premium of 8,000 (approx). I also have a endowment plan from LIC with commencement date - 14/11/2008 with an annual premium of 48,040. It has a sum assured of 10 Lacs. The premium is due in Oct 2011.
I plan to stop the endowment plan & buy a term insurance.
I had two questions related with the above-
1. How much money can I expect from the endowment plan as a refund 7 what will be the tax liability? 2. Can you plz suggest the best policy for 50 Lacs which has an extensive cover & good claim settle ratio.
