Guys, I'm a hell lot of confused about which Term life insurance I should go for. There are multiple players in the market with attractive premiums and ratios. But sometimes the ground reality is different, I feel these companies will behave like a boss once they sell their plans to you. I've read about Axis Max life insurance, HDFC life insurance, TATA AIG and much more. Does anyone have any idea for which plan I should go for? I'm looking for a ₹2Cr. policy which covers me till the age of 70 years and Premium payment should be till the age of 41 Bdw, I'm 26 years old. Thanks in advance 😊
Practical advice: Take cover till the age you will practically earn and will have dependents on you: age 55-60 (max). After you stop earning at say 60, your death would not make a financial difference to your dependents, so having cover isn't useful.
Premium payment: Pay it till the last day of your cover, don't prepay till 41. You pay premiums as you enjoy the insurance cover. There might be a day when you don't need the plan, a better plan is available etc. Why prepay for the plan by 41 (unless it is significantly cheaper)?
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