Topic: Annual LIC premium for term assurance for healthy 54 year old male for 70lakhs

This message was edited 2 times. Last update was at 13/04/2009 12:20:22

What are the term insurance policies available from public sector providers and which one is the best? I don't want to go for private sector life insurance policy providers

There is only one public sector life insurer at present the LIC of India. you have not specified the term of the plan. The exact premium can be found on LIC premium calculator
http://www.licindia.com/premium_calculator.htm.

It is your choice as to which company to opt for. However, IRDA regulates all insurance companies and even private companies are equally reliable. In fact some private insurance companies offer good rider benefits and cover at lower cost than LIC.

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