Two Launches Set The Field For Customer Value

Tags: AEGON, Bharti Axis Elite Secure, lClCl Prudential, AEGON Religare, Kotak, Aviva, ING Vysya

Bharti Axa Life Insurance Company recently launched a new term plan, Elite Secure, which provides coverage till the age of 75, irrespective of the age of entry. Also, following the launch of the lowest cost Ulip, AEGON Religare Life Insurance has launched the lowest cost term plan, iTerm. It can only be bought over the Internet.

LOWEST TERM RATES
Plan                                      Premium (Rs)
AEGON Reliqare’s iTerm    14,350
Bharti Axis Elite Secure        16,350
lClCl Prudential                    17,859
AEGON Religare                19,100
Kotak                                 19,150
Aviva                                  19,500
ING Vysya                         22,460
‘The premiums are furamaleaged 40 years. sum asured of Rs 50 lacks and term of 20 years
Nute:All insurers ewcept LIC, TATA AIG,IDBI , Future General aud Canara HSBC Life Insurance have been considered.

Elite Secure. The minimum entry age for the plan is 18 years and the minimum sum assured is Rs 25 lakh. The plan may be bought for a term of 5, 10, 15, 20 or 25 years, or till the age of 75. One may attach two riders to the plan—critical illness, and accidental death and disability benefit riders. The policyholders of Bharti Axa’s existing term plan, SecureConfident (with minimum sum assured of Rs 25 lakh) are being automatically upgraded to Elite Secure’s rates.

iTerm: The minimum age for entry 18 while the minimum sum assured kept at Rs 10 lakh. The term available is five to 25 years.

When it comes to buying pure term insurance plans, in addition to buying the plan from lower cost insurers, Outlook Money has always recommended to choose the maximum term available or buy a plan that covers you for the maximum age possible.

The premium rates for these two plans are possibly the lowest, as shown in Lowest Term Rates.