The Best Insurance ?

So you want THE BEST PRODUCT, right?
It’s NOT that simple. Only you can select THE BEST PRODUCT, and Nobody can provide that to you.

Try to recollect, when you bought your Color Television? I believe whenever we buy a product

- First we see a demand ( Your kids or Wife or Mother or Father might have told lets get a colour TV )
- You think over the demand and Okay it ( Okay we will buy a TV)
- You plan a BUDGET range (Okay we will spend around Rs 30000 )
- Now start your home work – You jot down your REQUIREMENT ( It should have 300 Channels , Flat Screen etc etc) , Ask your acquaintance for suggestion and do some net surfing.
- View some shops and get cost Idea ( Re-plan your budget if required)
- You have your requirement and budget ( Might have also Zeroed some Brand TV also)
- Now you visit a shop and ask the Salesperson “Boss show me the Best Colour TV you have” Sales person may ask "Sir, in what range? Any particular Brand?"
- Match the Sales persons descriptions of the TV with your requirement and cross check if the sales person is giving you right information (as you have already done some home work)
- Only when YOU are SATISFIED YOU buy the Colour Television.

Now Tell me how may of us follow the similar steps while buying an Insurance or Investment Product. Most of us don’t even understand the requirement.

Know Your Requirements Right to Get the Best Product

So friends do some home work before planning to buy an insurance or investment product. For buying Insurance you must follow the following

1. Identify Your Requirement/Need
2. How much insurance you Need?
3. Get Basic Information about Insurance.
4. Select a competent agent.
5. Match your Need and product offering & Crosscheck with the information available.
6. YOU are satisfied YOU buy the product and relax.( Else restart form Serial 1)

Term Insurance Premiums

Term insurance are the most ignored policies however its gives you the best life cover. Money Today complied the premium rates for Term Insurance covers for 25 lakhs of top insurer.
Ageon Religare & Kotak Life Insurance has the most economical premium.
Religare Premium is Rs 23 per day and Kotak Premium is only Rs 24 per day( Rs 8764) for a 35 year old non smoker who takes the policy for 25 years.



*Kotak rate is for Non Smoker.
Money Today sourced the information from Company websites
Figures are indicative premium in rupees for a year assured of Rs 25 lakh inclusive of service tax. Assuming that the insurance policy is take till the age of 60.


All rates are on date 11 Dec 2008