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प्रश्न
Collect and compare different life insurance policies taken by 10 persons.
कृती
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उत्तर
I collected information about life insurance policies taken by 10 persons and compared them on the basis of policy type, premium, term and main benefit.
| Person | Insurance Company/Policy | Type of Policy | Annual Premium | Policy Term | Main Benefit |
|---|---|---|---|---|---|
| 1 | LIC Jeevan Anand | Endowment Plan | ₹ 24,000 | 20 years | Life cover with maturity benefit |
| 2 | LIC Tech Term | Term Insurance | ₹ 12,000 | 30 years | High life cover at low premium |
| 3 | HDFC Life Sanchay Plus | Savings Plan | ₹ 36,000 | 15 years | Guaranteed income and savings |
| 4 | SBI Life Smart Shield | Term Insurance | ₹ 15,000 | 25 years | Life protection |
| 5 | ICICI Pru iProtect Smart | Term Insurance | ₹ 18,000 | 30 years | Life cover with optional riders |
| 6 | Max Life Smart Secure Plus | Term Insurance | ₹ 16,000 | 25 years | Life cover and additional protection options |
| 7 | Tata AIA Fortune Guarantee Plus | Savings Plan | ₹ 40,000 | 15 years | Guaranteed maturity benefits |
| 8 | Bajaj Allianz Life Goal Assure | ULIP | ₹ 50,000 | 20 years | Investment with life cover |
| 9 | Kotak e-Term Plan | Term Insurance | ₹ 14,000 | 30 years | Pure life protection |
| 10 | PNB MetLife Mera Term Plan Plus | Term Insurance | ₹ 17,000 | 25 years | Life cover with flexible options |
From the comparison, it is observed that term insurance policies generally have lower premiums and provide higher life cover, while endowment, savings and ULIP policies combine insurance with savings or investment benefits. The choice of policy depends on the person’s income, age, financial goals and protection needs.
shaalaa.com
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