Is it worth to avail term insurance with return of premium?
Share
Kalyani NarayananAnswered on December 17,2022
No, it is not. If you look at the difference in premium of term life and term life with return of premium, you will find a big difference. If you take the pure term life plan and take extra amount and invest yourself, you will get much more than just the money you would get as ‘return of premium’.
6 views
Related Questions
-
Shailesh Kumar
Co-founder, Insurance Samadhan . Answered on January 16,2023I’m 32 . Today I agreed to a term insurance plan from Tata aia which cost me 1500 per month and benefit is 1 crore up to 80 years. Am I right here or should I edit my policy?
Dear Do two change : pay in annual mode - you will save 8% Reduce the term till age 65 . you ...
1
0
21
-
Kalyani Narayanan
Answered on December 17,2022I just took an endowment plan for myself. I was not aware of the term insurance plans. It was recommended by both the LIC agents who are close to my relatives. What would be the suggestion for me? Should I take another term insurance or go on with what I have already taken?
Anyone who is NOT in insurance business will tell you Endowment plans are NOT the best way to save ...
1
0
22
-
Kalyani Narayanan
Answered on December 17,2022Is it worth to take term insurance even if my organisation provides me mediclaim & life insurance?
If you leave your company, your medical and life insurance will stop existing. Most of the companies do not ...
1
0
36
-
Abbey Johnson
Helping with Student Loan Documentation .For those who have completed the full 20-year term of IBR and had their loans forgiven, what was your experience with the tax implications of the forgiven balance? Did the IRS require a lump sum payment, and if you couldn't pay, what options were available, such as wage garnishment, asset seizure, or payment plans?
IBR was introduced in 2007. No, nobody has hit the 25 years (for old IBR) or 20 years (for new ...
1
0
2
-
Robert James
20+ years of experience in IRS matters .If I fail to set up a payment plan for my outstanding debt with IRS, how long does it typically take before my wages are seized or money is withdrawn from my account, considering my current financial situation and my intention to establish a long-term plan?
If you filed your tax return then IRS usually sends three balance due notices before they move to enforcement. ...
1
0
2
-
Robert James
20+ years of experience in IRS matters .What are the key differences between TurboTax and SprintTax for international students (F1 Visa) in the US, and what potential long-term consequences should I be aware of if I choose to use TurboTax, considering that some of my peers have reported higher tax returns with it?
When you are in the US on a F-1 visa, you cannot be considered a US Resident for tax ...
1
0
2
-
Kalyani Narayanan
Answered on December 06,2022Term life insurance policy issue with wrongly mentioned personal history. How can i resolve this issue?
You have to contact the company and tell them to change it. They may ask for proof. For example, ...
1
0
119
-
Kalyani Narayanan
Answered on December 17,2022Is it worth to take term insurance even if my organisation provides me mediclaim & life insurance?
If you leave your company, your medical and life insurance will stop existing. Most of the companies do not ...
1
0
36
-
Jane Joness
Answered on June 21,2023What is the difference between Life Insurance, Term Insurance and Health Insurance?
Life insurance provides financial security to your loved ones in the event of your death. Term insurance is a ...
1
0
62
-
Kalyani Narayanan
Answered on December 17,2022I just took an endowment plan for myself. I was not aware of the term insurance plans. It was recommended by both the LIC agents who are close to my relatives. What would be the suggestion for me? Should I take another term insurance or go on with what I have already taken?
Anyone who is NOT in insurance business will tell you Endowment plans are NOT the best way to save ...
1
0
22
-
Virtuzone
Largest Corporate Service Provider in UAE .How can I get a Long-Term Residence Visa in the UAE?
So, you’ve got your residence visa and you want to stay even longer in the UAE. Good move! Thanks to ...
1
0
10
-
Team Digilocker
Ministry of Electronics & IT (MeitY) . Answered on November 09,2022Why is Digilocker showing "No request found" when I try to access my cbse 10th term 2 Passing certificate/ Marksheet?
Dear User, We regret the inconvenience that you experienced. We request you to share some more details of the ...
1
0
203