Confused - Term Insurances
I am trying to get a term insurance, I am checking Policy bazar for max life health insurance, and i am also checking max lifes website as well, the options are completely different , the premiums are different, the add ons are different, I am very confused, can someone who has experience in this help. Thanks
Although LIC premiums are high, they have 100 percent settlement ratio. Private players negotiate when claim is raised for term insurance
LIC term life premiums are almost double.
They can get 100% settlement if you make the process cumbersome enough that forms get rejected.
I had to get a maturing LIC policy paid back to me. Apparently you have to go to the "home" branch, where policy was originally taken, and physical documents have to be submitted.
Just contact ditto people and do your due diligence
Don’t buy from policybazar. Wait till 23rd September you’ll save plenty of money in form of GST, directly buy from Maxlife website or call to the Maxlife contact centre. They’ll help you. I bought last year for 2Cr, 70 year with policy back rider for 29000 per year, which includes 4400 GST
Created this thread long back, I bought it from Ditto.
https://share.gvine.app/jrFCXAC3akSzBKTS9
