Life Insurance is good to have, but not a costly premium. Buy Insurance when you are young and healthy. Term Plan is considered to be the best form of Insurance of all. This is because of the high cover and low premium.
The Advantage of buying a Term Insurance policy from LIC of India is they do complete medical tests before the policy is completed. The proposer needs to submit all details pertaining to his basic details, education, work, salary and health reports.
It is recommended to buy a Term Plan from the LIC of India only as the sum assured would be very high.
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