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?
- Go for Term Insurance instead of whole life insurance. Term Insurance also saves a lot of taxes.
- Do not buy too much cover or bigger payout and long duration term insurance.
- Go for guaranteed premiums & not for reviewable- It will lead to cheaper insurance policy.
- Opt for joint Life Insurance policy as a single joint life insurance is cheaper than two single policies.
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.