“The only person who will take care of the older you is the younger person you are now.”
Even with good health, unexpected incidents and injuries make you go out of your pocket and leave you with bills to pay. But if you have insurance, the policy saves from spending any kind of extra capital.
Insurance companies offer a wide range of plans with specific benefits aimed at targeted clientele. The premiums for the similar plan can differ massively across providers.
Following are best of this year:
- LIC New Jeevan Anand:
LIC’s New Jeevan Anand Plan is a participating non-linked plan, which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in the case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
- HDFC Life Click2Protect Plus:
HDFC Life Click 2 Protect Plus is a term insurance plan in India, which provides you comprehensive protection at an affordable price and helps you to protect yourself and your loved ones against the uncertainties that life may throw at you. This term life insurance policy provides a wide range of cover options and you can choose the cover depending on your need. You can even secure your family’s day-to-day requirements when you are not around by way of monthly income under Income & Income Plus Option.
- Aegon Religare iTerm:
If you want your family to maintain the same lifestyle in your absence, this plan is for you. Aegon Life’s iTerm Insurance Plan deals with your concern and ensures protection for your loved ones – at a fraction of the cost. Plus, you can avoid the hassle of going through the tedious paperwork and do it online!
- SBI Life-eShield:
SBI Life – eShield is an Individual, Non-Linked, and Non-Participating pure term plan, with options and benefits specially tailored for those who want the best financial protection at an affordable cost. SBI Life – eShield is a pure Online Term Insurance Plan, which will protect you and your loved ones. It provides security for your family at an affordable premium. SBI Life e-Shield has four plan options to suit your needs.
- Bajaj Allianz iSecure Term/Plan:
Bajaj Allianz iSecure Insurance Plan; a level cover term assurance plan that secures your family’s financial needs by giving you a level term cover for high sum assured, but at a low cost. Bajaj Allianz iSecure offers you a choice to cover your spouse too. As every individual have their specific requirements so this plan allows you to customize your policy as per your needs. Also, you get the flexibility to select your policy term of 10, 15, 20, 25, or 30 years relying upon your necessity. The company rewards the policyholder for keeping a healthy life by offering extraordinary premium rates for non-smokers and tobacco users.