Term plan suggestion

Would like to more about this too 

• + Critical illness rider 
  
• + Accidental disability rider
• Take cover till that period, which you feel that post that age, you will not have any liabilities/dependents.
  

Term cover amount for 44k premium? Have you considered a home loan in this cover, or do you have separate insurance for that?

1.5cr , cover till 70 .. premium till 60 

Total Premium - 50,401 Annual

too much steep ?

Why to even grt coverage till 70?

Term insurance should be to cover liability and sort of income protection (during income years..till 60).

Save premium and better use it for wealth creation .

^ Because looking at the trend 70 is good to go ... and it will leave good amount for dependents .. apart from original funds / property / wealth etc . 

every person has different outlook / way for wealth creation .. important is there should be wealth . 

Stop believing everything you read on internet. Personal finance is personal so chose what suits you.

1. Some riders are good.

2. Doesn't it depend on your profession? A businessman works for 70 years easily. A salaried may work for 60 years. What if the salaried has debts or plans to take debts? Will insurance till 60 enough?

3. Why not?

And this whole term plan market looks very dirty .. can anyone explain why ?

Dirty as shit - makes me vomit after reading actualities . 

Why Govt is charging 18% GST on premium ? it should be zero or max 5 ... or GST should be on companies profit / commision .. not on peoples hard earned taxed money . 

why on earth first few years agents commison ranges from 30-70 % ... makes everything shady as hell . 

Last week bought 1.5cr pure term plan for 70 years & payment till 60 years from ICICI Pru through Ditto. Premium around 31k yearly. Age 36.

please call in insurance experts of DD . 

tagging in DD friends for guidance

@baludesi 

@thunderguy 

@HasdaChehra 

@Saadhav 

@BAT_MAN 

@Demon_slayer

@hese 

@DEALSTER 

@atx88 

@Indian_phoenix 

@niom02 

@Original 

First buy health insurance for your family and parents, then decide whether you want to go with term insurance.

Option 1 and Option 2, decide yourself as either of two will work

Okay , thanks for all the suggestion .. sorry for going overboard .

What are the medical tests conducted ? and what tests matter most in policy rejection .

what test values are ignored / have leeway .

what results are super crucial in policy acceptance . 

getting preapproved offer from icici bank - 1.21 cr , pay till 60 , cover till - 70 , current age 39 .. no riders .

premium amount - 36257 

is it good to go ?

@LordGane 

@Gothillabro

and is it true that icici pru doesn't offer term to self employed of ITR below 7L (3year average) .

Post Section 45 of The Insurance Laws (Amendment) Act 2015, insurance companies cannot question a life insurance policy after three years. The insurer has no right to reject a life insurance claim on the grounds of misrepresentation or suppression of material facts or even if the insured commits suicide after three years. A claim can be refused only if the life insured is involved in criminal activity or commits fraud while submitting claim documents.

any insight on this point ?

https://www.iciciprulife.com/term-insurance/ipr...

On survival of the Life Assured till the end of the policy term, for a fully paid policy, 100% of Total premiums paid³ is payable as Maturity Benefit to you.

will i get all my premiums back ? upon survival of policy term ?

Bookmarked and following.  i should have bought it at the age of 21-22... ten years late now.. 

Its better now than never... 

Once see max life plans also.... SO many plans from various companies. ... Looking to buy pure risk - term insurance for coverage around  2 Cr - either online or offine. 

Check this ebook http://www.finvin.in/wp-content/uploads/2020/05...

Any term insurance suggestion for people with low income? Around maybe 3LPA?

Should I wait till I get a better paying job? Also don't want to lose the early benefits of taking one. Please suggest