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If the difference between a term plan and a return of premium plan is 700rs per month for 40 years, for a same cover, is term plan still a better one?
If the difference between a term plan and a return of premium plan is 700rs per month for 40 years, for a same cover, is term plan still a better one?
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Shailesh Kumar, Co-founder, Insurance Samadhan 
Answered on November 02,2021
Dear
Yes , term is always better .
Why should you pay extra . Save the money in mutual fund and you will get appreciation to cover all premium paid for term insurance .
Never buy term in monthly mode , you are paying 8% more . Pay under annual mode and reduce your premium .
Hope this clarifies
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