Need A Financial Product › Forums › Insurance › Need detailed review on two plans offered by Max Life

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  • August 16, 2014 at 11:10 am #46881
    samkapoor77
    Keymaster

    I am confused between 2 plans offered by Max Life ? Term insurance plus fixed monthly income for next 10 years on death of insured and just plain term insurance. Can you please enlighten me on these two plans?

    August 18, 2014 at 4:12 pm #46882
    samkapoor77
    Keymaster

    Say, a 30 years old person earns Rs. 80,000 pm and invests Rs. 18,000 annual premium for 20 years in policy 1. In case of his demise, his family will get Rs. 2 crores and Rs. 80,000 per month for next 20 years. However, if he would have invested in policy 2, on his demise his family would get Rs. 2.64 crores.

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