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Top 10 insurance policysQ:I want to buy a pure online term insurance plan,but I am fully confused in between lic & other private
companies Plan, Riders. My annual income is 4-5 Lacs & I am married & my age is 31 years. So please
help me to select a plan accordingly to my given details. Also I want to know to whom my nominee
should contact for claim of policy. If you can't contact please send reply by e-mail

Ans: For those who are buying their first term plan – they can skip adding any riders to their term policy. All the insurance companies strictly follow the guidelines released by the Insurance Regulatory and Development Authority of India (IRDA). These companies even follow the criteria dictated by IRDA with respect to investing the funds collected from policy holders. AEGON Religare which is a private life insurer launched the first online term plan in India and thereafter almost all life insurance companies have launched their online plans including LIC. If you are comfortable with LIC then buy
their eTerm and don’t worry about the difference in premium. Consider the extra price paid for your peace of mind. Take a 50 lac cover for 30 years. At the time of claim, the nominee should call up the Helpline nos of the respective insurance company and register the claim. Thereafter the nominee has to submit for –
1) Original policy document
2) Death certificate
3) Nominee’s identity proof (showing date of birth)
4) Bank details where the payment needs to be made
5) Claim form (will be provided by insurer)
These documents can be submitted at the nearest branch of the insurance company post which they
will process the claim within 30 working days.

Policy Annual Premium (Rs.)
Reliance Online Term 4,283
Aviva iLife 4,831
Aegon Religare iTerm 4,888
HDFC Life Click 2 Protect 7,247
LIC eTerm 8,820