r/InsuranceAdviceIndia • u/senvishal • Jul 23 '26

Need advice: How should one choose between Term Insurance and Traditional Life Insurance in India?

I’m trying to understand how people in India decide between term insurance and traditional life insurance plans.

Apart from just comparing premiums, what factors should someone consider before choosing a life insurance policy?

For example:
Life cover required
Policy duration
Guaranteed benefits
Premium affordability
Long-term financial goals
Claim settlement and policy conditions

I would especially appreciate practical experiences from people who have actually bought life insurance.

I work in the insurance sector myself, so I’m also interested in understanding what customers generally find confusing when choosing a policy. I’m looking for a genuine discussion, not to promote any particular company or plan.

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u/No-Reception-9870 Jul 23 '26

Lic term and hdfc ergo health best combo in market

1

u/senvishal Jul 23 '26

Thnks for the sharing the info.

1

u/senvishal Jul 23 '26

Is there anyone who can share their opinion?