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Showing posts from May, 2011

Which is better Single Premium Or Yearly Premium for Insurance Plan.

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Recently, I was researching about the term insurance plan that would fit to my pocket and also i would able to pay it on financial status. As I have some insurance policy of LIC, I believed to go with them for term plan too. then i have found one plan that good for mine. Product Number : 190 Product Name : Amulya Jeevan and as per my requirement, i need 30 lacs insurance for my life ..and need for 20 years . And after researched about this policy with my requirement and years, firstly i found that single premium option is good and looked nice ..but ..think ..more .... think ..more .. i have to pay 77,700 as single premium and i have not bother about premium, i insured with 30 lacs for next 20 years ..and its nice .. also second option for yearly premium, i have to pay 6900/- rs for next 20 years so if you calculated howmuch you would pay after 20 yrs then you have to pay 20*6900 = 138000 So you would think ..instead of paying 138000 for 30 lacs.20 year, you woul