for sum assured of 50 lakh the annual premium is 6783 .shall I go for it ?
Why ICICI Pru iProtect
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Why ICICI Pru iProtect
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How is ICICI Pru iProtect insurance Plan ?
- Thread starter kumaranuj
- Start date
techie_007
Skilled
Sounds ok for term insurance. I would suggest checking out what LIC charges for a similar plan as well.
Really depends on how much you are insuring and for how long. Also of course your current age. Going by track record, ICICI might be one of the costlier ones. Have a look at Metlife or AIG. They are the cheapest in business. Check out Compare and Buy Term Life Insurance, Best Term Plan Online or Compare & BuyNow Indian Health, Mediclaim, Car, Travel, Life Insurance . Remember to give only fake email IDs and fake phone numbers, since they display the premiums after collecting that information.
These are just 2 comparison sites. There are a whole bunch of others.
http://www.google.com/search?q=compare buy insurance india
These are just 2 comparison sites. There are a whole bunch of others.
http://www.google.com/search?q=compare buy insurance india
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LIC charges a premium (pun intended ) when compared to the likes of ICICI and others. Of course, LIC's claim settlement record is several times better.
In terms of the current policy under discussion, as of now there are only two online term insurance options - the iProtect mentioned above and the Aegon Religare iTerm. By virtue of being an online policy without involving middle men and agents, they are able to provide the policy at such low rates. Brand reputation wise, ICICI Prudential is much better known than Aegon, so that is a plus. And this also has the option of additional riders, which Aegon's iterm lacks. Otherwise, if you are concerned about an online only policy and would like to take an offline term insurance, there are plenty of options including Kotak, Bajaj, etc.
My suggestion would be this:
Decide how much of coverage you are planning to take in total. Suppose you want a total of 50 lakhs coverage, take a policy for 25 lakhs from ICICI iProtect and another policy of 25 lakhs from some other company. You might end up paying slightly more this way, but your risk is distributed.
) when compared to the likes of ICICI and others. Of course, LIC's claim settlement record is several times better.In terms of the current policy under discussion, as of now there are only two online term insurance options - the iProtect mentioned above and the Aegon Religare iTerm. By virtue of being an online policy without involving middle men and agents, they are able to provide the policy at such low rates. Brand reputation wise, ICICI Prudential is much better known than Aegon, so that is a plus. And this also has the option of additional riders, which Aegon's iterm lacks. Otherwise, if you are concerned about an online only policy and would like to take an offline term insurance, there are plenty of options including Kotak, Bajaj, etc.
My suggestion would be this:
Decide how much of coverage you are planning to take in total. Suppose you want a total of 50 lakhs coverage, take a policy for 25 lakhs from ICICI iProtect and another policy of 25 lakhs from some other company. You might end up paying slightly more this way, but your risk is distributed.