Tell me how is the best Life Insurance Policy?

Question

i m expend Rs.10000.00 / year for 20 years

Exp.. - LIC or Bajaj or Tata

My age is = 24

i return my Rs. 1 time i meen when finish my policy after 20 years

plz help

Answer 1

WOW!

Answer 2

From what I understand from your statement you have a $10,000 20 payment life policy or one that you will pay on for 20 years and it will be paid for life. Given the increasing rates for funerals it is probably a good burial policy. The average funeral today runs about $6,000 to $7,000 dollars.

For a burial plan you might do better purchasing it now from a reputable funeral home at today's rates and paying it off over a period of a few years.

Another option, depending upon your circumstances, especially if you are married and have children, is you might want to consider term insurance. It is relatively inexpensive for a young man and you could leave you wife and child provided for temporarily, at least a couple of years.