If you are looking for a cost-effective and affordable way to insure your life, a term plan and not TROP is the best way to go. This is also what many investment advisors recommend.
Canara HSBC iSelect Smart360 is a term insurance plan that provides financial support to the family in the event of the policyholder s demise. It offers three options for coverage and allows for the customization of death benefit payment options.
HDFC Life Insurance has unveiled an unprecedented, highly flexible guaranteed income plan, allowing policyholders to determine their preferred income distribution (immediate, deferred, lump sum, etc.).
While increasing and decreasing term plans may have their uses, if you are not sure whether they are right for you, a level term plan will serve you just as well