which would be the best policy for single premium payment mode. I am looking at the maximum cover on this and not on how much money it returns back to me.
2007-03-07 18:16:14 · 3 answers · asked by Bharanidharan G 1 in Business & Finance ➔ Insurance
Dear Mr. Bharani, You can go in for a pure term policy of LIC Anmol Jeevan or Amulya Jeevan for highest security at lowest premium.
For more details please feel free to contact me at pnkmurthy@yahoo.com
2007-03-10 12:41:10 · answer #1 · answered by toknowmore 4 · 1⤊ 0⤋
Assuming you are discussing life insurance. By single premium, you mean lump sum to cover life of policy?
If you die, how long will your family need income replacement for? Until the kids are grown and out of college most likely. Get that many years term life.
Go to one of those insurance quoting websites like insure.com, accuquote.com, insureweb.com etc. Plug in your info and get the quotes. Be warned, that agents will start calling you that day. So if you are just doing research, enter bogus name and contact info. They will quote you annual premium, and single premium policies too.
Another thing, you want a company that is financially strong, so you know it can pay off the family. Look for companies rated A++ by AM Best. If not A++, at least A+.
2007-03-07 18:22:52 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
u can go for LIFE TIME SUPER single premium in ICICI PRUDENTIAL it a best u can get good returs with by 6th year locking period is 5 years. see hear if u take a maximum coverage u will lose returns by cutting of mortality charges. and u should face many medial tests if u r ready for this its best u can go for this......
2007-03-11 05:19:07 · answer #3 · answered by DUTT CHAITU 2 · 0⤊ 0⤋