Different Pricing for Term Insurance
Hi Team Beshak,
I was planning to buy a Plain Term Insurance for me, but the Annual Premium Amount varies widely among different insurers, it costs something around 10-11000 if I buy a plan from Icici/Hdfc while the same plan costs me approx 6-7000 with Aegon and the difference is quite substantial if we take in the time period for which a person buys insurance, nearly about 40 years.
So, I am really baffled by such a difference, can you please help/guide me why such a difference exists or is there something else which I am missing.
PS: I have taken the same insured amount+years+without any rider for comparing all the plans.