Looking for good term Insurance

[hackernewbie]

'Return of premium' plans are not really advisable for term insurance plainly because they are costlier and one should not mix insurance with investment.

As as example- the money saved by buying a plain vanilla term insurance can be invested elsewhere (say mutual funds), which would give much better returns than it being returned back(without any growth) at the end of insurance period.

Very much agree here.

 

[Sachin Jatkar]

Buy term insurance young and buy sufficient cover i.e. 10 times your annual income. Else you will always feel that you should have purchased higher cover in the first place as the premium keeps increasing if you buy insurance when you are older. Get peace of mind with sufficient cover. As rightly said, don't mix insurance and investment.

 

[Prasham]

Forgot to update here.

I have bought Term Plan of 1Cr for Rs. 13,000/- for 35 years, under their 'Click to Protect' Scheme. It was a good experience.