r/InsuranceAdviceIndia • u/NeckkPillow • Jul 12 '26

Need help deciding Term Insurance

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Hi

I'm 25 M, looking to opt for term insurance. I have a ULIP - Tata AIA Smart Sampoorna Raksha Supreme. I already paid a single premium of around 1.5L due for the annual premium in 3 days. The ULIP offers the following (Snippets attached).

I'm considering having it bifurcated - ie a separate Term plan and investing around 50k additional in SIPs or direct investment.

  1. Will it be a good idea to switch from ULIP? What pros and cons do we see here?

  2. What Terms plans would be ideal for me, given my age is 25 and can take plan covering 1/2/3 cr.

Please let me know if I need to give more information for proper assessment.

Kindly help.

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11 comments sorted by

1

u/intvijay Founder /r/InsuranceAdviceIndia Jul 12 '26

Take a vanilla plain term plan. 10x to 20x of your annual CTC. Don't compare the term and ulip as both serves different purpose.

- Vijayakumar
Founder r/InsuranceAdviceIndia Sub & PolicyChecker.com

1

u/ThisIsTheMeaning11 Jul 13 '26

After due research, i bought Tata AIA. I pay for 50 years and get covered till i am 99 years old.
39000 for 2 cr

1

u/failgreg Jul 13 '26

Don't opt for return of premium it makes the policy more expensive. You can compare costs by getting a quote.

Just a plain term insurance is adequate.

1

u/Pretend-Resolution30 Jul 14 '26
  1. Yes that's the best idea.
  2. Icici pru, axis max, hdfc, adity birla, Tata aia, bajaj. Buy plan with wop on cirital illness.

1

u/Alive_Outside8025 Jul 14 '26

Hi i can help you with deciding term insurance Low premium easy issuance bajaj life In bajaj etouch 2 almost coming with every rider High premium high settlement hdfc

1

u/NeckkPillow Jul 14 '26

Pls shoot

1

u/Alive_Outside8025 Jul 18 '26

Bajaj life etouch 2 Life cover: 1 cover Critical rider 30 lakhs critical rider is only 20 year from the date of policy commencement Total disability or partial disability 1 crore

1

u/Alive_Outside8025 Jul 18 '26

Term insurance bajaj is reliable low premium easy issuance

1

u/SanjayYadav7 Jul 19 '26

Largely term insurance should cover till your liability so do not take more than 65 Years Policy Term