To cover an educational loan (INR 300000), a bank requires life insurance of student, who is a 20-year old girl, for about 9 or 10 years.
The agents do not tell you about just insurance; and I could not find the information in LICI site. With investment, primiums are too high.
Can anyone please help with information or suggestion?
2007-02-21 05:47:59 · 8 answers · asked by tak_duma_dum 2 in Business & Finance ➔ Insurance
Life insurance with cash value don't pay out cash value when you die! Sure you get face amount that is reduced by any loans and missed premiums, but you lose all the cash value! They say its a good way to build savings! How is that so if you lose it all and it doesn't go to anyone when you die? People say you can borrow it. Why do I want to borrow my own money that I paid for? Cash value = scams!
2007-02-21 11:23:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
OFCOURSE YOU CAN AVAIL JUST A PURE LIFE INSUARANCE, NOTHING ELSE. Sahara Life Insuarance , Aviva , LICI and many other offers so. You said your daughters age is 20 years, then the premium is indeed low. LICI BIMA GOLD s an example althogh it is a 16 yrs money back after every 4 yrs policy. Is there any problem with unit linked plans ?
Call me at 09831742482 , 033-26673574, 033-26773056 or email me at anneshan04@yahoo.com to know more.
2007-02-21 06:19:26 · answer #2 · answered by anneshan04 2 · 0⤊ 0⤋
If purpose is coverage, SBI term coverage is acceptable. If purpose is investment , no coverage enterprise is acceptable via costs. positioned funds into Mutual Fund via SIP month-to-month. countless the good funds are a million. Reliance advance 2. JM elementary 3. Kotak danger 4. DSP ML TIGER
2016-10-02 12:21:30 · answer #3 · answered by poehlein 3 · 0⤊ 0⤋
If you are serious please write to pnkmurthy@yahoo.com and get the right suggestion and a pure term policy with the lowest premium just to pledge against edu loan from LIC
good luck
2007-02-21 23:05:10 · answer #4 · answered by toknowmore 4 · 0⤊ 0⤋
SBI life insurence co
www.sbilife.com
2007-02-21 05:56:51 · answer #5 · answered by The Prince of Egypt 5 · 0⤊ 0⤋
U can insure urself from number of pvt. players like ICICI PRUDENTIAL,RELIANCE LIFE INSURANCE &many others.
Mob:9873820442
2007-02-21 16:14:13 · answer #6 · answered by t_suresh8 1 · 0⤊ 0⤋
TATA AIG www.tata-aig.com
Birla http://www.birlasunlife.com
Bajaj www.allianzbajaj.co.in
United http://www.uiic.co.in
SBI www.sbilife.com
2007-02-21 06:01:17 · answer #7 · answered by MaNN 2 · 0⤊ 0⤋
well get it you give a small peimiums
2007-02-21 12:44:11 · answer #8 · answered by keral 6 · 0⤊ 0⤋