Life Insurance India help!

[quest]

LIC premiums are expensive compared to ICICI life insurance
For example: LIC premium is 1lach per year for 40 years to cover for 40 years.. you will end up paying 40 lakhs during the entire term

ICICI premium is only 40,000 per year for 40 years to cover for 40 years.. you will end up paying 16 lakhs during the entire term

Can we trust ICICI life insurance? after all we are buying it for the people who are dependent on us.. if these private companies do gimmicks and reject claim, assame inka

any help or insights are helpful

[quest]

LTT

[Android_Halwa]

When it comes to life insurance, I think LIC is still the best. Claim kastha hassle free vuntadi. I never had a personal experience but I’ve heard this in the family….

Max New York life tho oka bad experience ayindi so much so that three years premiums pay chesinaka abandon chesinam….and similar experience with BAJAJ alliance…claims degara torture and they keep changing their terms and conditions frequently. 

[neethy]

2 hours ago, quest said:

LIC premiums are expensive compared to ICICI life insurance
For example: LIC premium is 1lach per year for 40 years to cover for 40 years.. you will end up paying 40 lakhs during the entire term

ICICI premium is 1lakh per year for only 40,000 per year for 40 years to cover for 40 years.. you will end up paying 16 lakhs during the entire term

Can we trust ICICI life insurance? after all we are buying it for the people who are dependent on us.. if these private companies do gimmicks and reject claim, assame inka

any help or insights are helpful

LIC is govt of India backed up, guaranteed returns. Others are like US insurances, non assured market dependent returns.

[quest]

15 minutes ago, Android_Halwa said:

When it comes to life insurance, I think LIC is still the best. Claim kastha hassle free vuntadi. I never had a personal experience but I’ve heard this in the family….

Max New York life tho oka bad experience ayindi so much so that three years premiums pay chesinaka abandon chesinam….and similar experience with BAJAJ alliance…claims degara torture and they keep changing their terms and conditions frequently. 

health kaadu bro, life insurance

[quest]

7 minutes ago, neethy said:

LIC is govt of India backed up, guaranteed returns. Others are like US insurances, non assured market dependent returns.

term life insurance, fixed payout after death

[quest]

LTT

[nag]

On 10/20/2023 at 9:21 AM, quest said:

LIC premiums are expensive compared to ICICI life insurance
For example: LIC premium is 1lach per year for 40 years to cover for 40 years.. you will end up paying 40 lakhs during the entire term

ICICI premium is 1lakh per year for only 40,000 per year for 40 years to cover for 40 years.. you will end up paying 16 lakhs during the entire term

Can we trust ICICI life insurance? after all we are buying it for the people who are dependent on us.. if these private companies do gimmicks and reject claim, assame inka

any help or insights are helpful

Can you put down the policy names from LIC and ICICI here?

[quest]

18 minutes ago, nag said:

Can you put down the policy names from LIC and ICICI here?

ICICI Pru iProtect Smart

LIC Jeevan Amar

[nag]

2 hours ago, quest said:

ICICI Pru iProtect Smart

LIC Jeevan Amar

ICICI Prudential iProtect Smart plan is under Term insurance. 

If so, you cannot compare against life insurance plan

[quest]

42 minutes ago, nag said:

ICICI Prudential iProtect Smart plan is under Term insurance. 

If so, you cannot compare against life insurance plan

jeevan amar kooda term plan ye bro

[nag]

6 minutes ago, quest said:

jeevan amar kooda term plan ye bro

16 lacs vs 40 lacs total premium payments doesn't sum up..  do these term insurance plans give out same Sum Assured amount ? Usually, term insurance lo money emi return raadu kada

[KiKiKi]

Go for term insurance ..any day... also tata aia is another decent player in india

[quest]

20 hours ago, nag said:

16 lacs vs 40 lacs total premium payments doesn't sum up..  do these term insurance plans give out same Sum Assured amount ? Usually, term insurance lo money emi return raadu kada

that is the difference between LIC and private insurers. 
Some plans will give your premiums back, for which you have to pay extra.. in LIC, instead of 1lakh per year, you would pay 1.37,000 per year to get returns. 

[nag]

13 hours ago, quest said:

that is the difference between LIC and private insurers. 
Some plans will give your premiums back, for which you have to pay extra.. in LIC, instead of 1lakh per year, you would pay 1.37,000 per year to get returns. 

LIC is laid back in return amounts when compared to private players.

All of them try to evade if they have a reason. None is good in that aspect