You must advise which is the policy to be taken in your twenties. There are so many companies and so many polocies being offerred. Which amongst them is best for those in their twenties with different levels of annual premiums.
I think the best insurance product that suits 20's are those which give our money back and also make us insured.for eg.you pay some amount for 20 years,u will get the insured amount after 20 yrs(provided u are alive!) and also,your nominee gets the same amount after your death,even if your insured 20 years are over.
Can you imagine the use of Chat for business purpose and getting the help from insurance companies??...
Yes, one of the company..Bajaj Allianz has provided the facility of Chat and discuss aything about your policies and claims!!!!... last month one maaaad guy hot my vehicle and my repairer asked me for whooping Rs. 9500/!!! for no mistake of mine... and the vehicle was insured by Bajaj Allianz..!! and with that chat facility.. i registrd the claim.. and without paying anything!! my vehicle got repaired in 24hrs!.. see where is india growing...
About Insurance I am sure the possibility of risk at an early age is less and so term Insurance would be the way to go because one ends ups paying relatively low premiums but proper research on your Insurance product and quality advise from your Insurance advisor can give one an apt plan. I say this because I am in my 20's and an Insurance advisor myself and have been in this field for the last three years, Infact my compay offers a term plan wherein the premiums paid are return back with Loyalty Additions. Also today combination plans for eg (equity linked + Term) and others work well and will serve the purpose of cober and Investment. ashford@rediffmail.com
