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Low cost Life Insurance Saturday, 13 April 2013

Life Insurance is a huge sector & fastest growing organization that posses people from different background & needs. Some people want a fully fledged insurance plan providing maximum possible benefits (irrespective of premium value amount) but other wants just a low budget Life Insurance to secure their future.
Therefore according to the needs of customer, pans are generated and there are a lot of cheap and low cost life insurances provided by leading insurance companies in India.

Do you want a Low cost Life Insurance?
  1. Go for Term Insurance instead of whole life insurance. Term Insurance also saves a lot of taxes.
  2. Do not buy too much cover or bigger payout and long duration term insurance.
  3. Go for guaranteed premiums & not for reviewable- It will lead to cheaper insurance policy.
  4. Opt for joint Life Insurance policy as a single joint life insurance is cheaper than two single policies.
Some popular low cost Life Insurance in India
1.       SBI Life- Saral Shield
Affordable cost Life Insurance cover for your family to provide wide varieties of plan options for plan flexibility.
 2.       SBI Life- Smart Income Shield Insurance
A plan that provides insurance cover against death & critical illness to your family along with an income benefit to fulfill family needs.
 3.       SBI Life- Swadhan
It is a protection plan developed to provide safety to your family at a low cost as well as guaranteed repayment of partial/full basic premium at the maturity of policy to policy holder.
 4.       SBI Life- Grameen Bima
Very low premium based policy, especially developed for socially deprived & financially weaker section of society to secure their future & fulfill their needs.
 5.       Birla Sun Life Insurance premium back term plan
It provides Life Insurance cover at marginal premiums & secures future of your family.

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