FAQs 187 views October 24, 2018

Technically speaking, the best term plan is the one that ensures a high life cover at the lowest premium rates. However, you must also look into certain details like the claim settlement ratios, entry age, exit age, policy period and brand reputation before buying any term insurance plan. It is always advisable to buy term insurance from a company with a higher claim settlement ratio so that the purpose for which the insurance was taken is fulfilled. In addition, the policy periods are specific to each insurer. This factor is important as you choose the period for which you are ready to pay the premiums.

The best term plan is the one that suits your needs in terms of policy cover, claim settlement, age and policy term.