One crore policy with Low Premium by Aegon Religare Life Insurance Company & Bharathi Axis life Insurance (Elite Secure Term policy)

There occurred a change in the mind set of the insurance policy holders that “Insurance is not for investment but, for security.” Based on this change Insurance focused on Term policies with low premium.

Aegon Religare Life Insurance Company had brought down the differences that arise in the rate by introducing Online Term Policy. The term policy which is completely based on security is available in a very low premium rates. What is the premium that is to be paid by a 30yr old man, if he has to take one crore policy? Do you say that we have to pay a huge premium? Those who are non-smokers can get one crore policy just by paying Rs.11, 471.Through internet the policy can be taken as well as one can compare the premiums of other insurance companies. Those who are in between 18 – 60 years are eligible to take this policy. The age relaxation is up to 65yrs. Based on the financial necessity the policy can be taken up to a period of 5 – 25 yrs. The policy amount can be 10 lakhs and more. Based on your age & income the policy is issued by the company. Only policy amount will be paid if we claim the policy. The additional advantages that are not applicable for this policy, in case of death occurred in accidents or any other danger way.

Elite Secure Term policy from Bharathi Axis life Insurance

Bharathi Axis life Insurance had introduced “Elite Secure Term policy” where the policy range starts from 25 lakhs. This policy extends up to the maximum of 75 yrs. There is an additional advantage, you can add Riders which helps the policy holder, in case of accident or fall sick or if they become physically handicapped. For Example, if 40yrs person takes the policy with a period of 20yrs for a total of 50 lakhs, he has to pay Rs.16, 500 as its yearly premium.