Life Insurance

Term plan - 8-10x of Annual income

• No ULIP, money-back, endowment and whole-life policies
• Term plan is the only way to build security for the family against your untimely death.
• Life insurance bundled with investments are very high cost products that benefit the agents, banks and life insurance firms more than they benefit you.
• Shut you ears to the hard sell, or cut the loss and stop funding these policies.
• You need a term plan to cover just the risk of you having an untimely death.
• Look for a combination of a low premium and a claims experience of over 95 %
• You don't want a cheapest plan that comes from a firm that rejects a lot of claims.
• Try and buy online to cut out the agent commission