How Much Premium For 20 Lakhs Life Insurance Policy?

Life insurance plans are affordable and provide high coverage at affordable cost. The premium for a Rs. 20 Lakh life insurance plan can be reasonable and budget friendly. 20 Lakh life Insurance policy offers a sum assured of Rs. 20 Lakh. In case an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under life insurance policy.

How to choose Best Term Insurance Plan in India?

Choosing the right term insurance plan is a difficult task. There are so many insurance companies and plans to choose from, and it is difficult to know which one is best. The best way to do this is by comparing various plans that are available in your locality online at PolicyBachat.

While choosing the best term insurance plan is the one that offers the maximum coverage at affordable premiums and with all the possible add-ons. To get the best term insurance plan please talk to our life insurance agent who will guide you in selecting the best term insurance plan in India. The following points should be considered while selecting the best term insurance plan:

  • The cost of the policy
  • Type of Insurance
  • Age of the Insured Person
  • Current Health Condition
  • The type of coverage you need
  • The life expectancy of the person
  • The amount you want to invest in life insurance

When was Life Insurance Sector Nationalised?

The first insurance company in India is National Insurance Company. It was established in 1906. Life Insurance Sector Nationalised in the year of 1956.

How many Life Insurance Companies in India?

There are total 24 life insurance companies in India with varying product offerings and prices to suit different needs and budgets.

Which is the Best Term Insurance Plan in India?

Term insurance is a type of life insurance that provides coverage for a specific period of time. It is also called temporary insurance as it does not last for the entire life but only for a certain term. The best term insurance plan in India should have a low premium, no exclusions, and a good sum insured. The best term insurance plan in India can be found online by comparing quotes online at PolicyBachat.

What is Postal Life Insurance Scheme?

Postal Life insurance was introduced on 1st Feb 1884 as a welfare scheme for the benefit of postal department employees which was later extended to the employees of the telegraph in 1888. Postal life insurance plans cover the life of customers against death or disability and are the same as the term life insurance or any other life insurance products. Postal life insurance online plans offer a different range of products such as Whole life insurance, Annuity insurance, term insurance, etc. Postal life insurance premium calculator is also available in online to calculate the premium of a postal life insurance policy.

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