My Life Insurance plan…

I saw the Kya aapko Kam Insurance Lene ki Bimari (KILB) add campaign by AEGON Religare and I thought of writing some of my views and experiences that I have had with Insurance… Of course, I am NOT gonna write on topics like Why Insurance? Which Company? How much? should one go for money back or pure insurance? etc. I guess there are already 100s of  articles on web for them…

This is my 4th fiscal where I am adding on insurance policies to my portfolio. When I thought of taking insurance, I had lot of surfing throughout the web that gave me numerous ideas and confusions… I decided to go for a Money Back policy over pure insurance… So those against Money Back policies may drop reading here… This write up does not consider Money Back policies over Pure Insurance polices or vice-versa…

So I decided on Money back policy and did a custom plan to take a money back policy each year so that my returns from earlier policies in turn pay my next premiums… Also after a initial bust in the premiums the rest years premiums remain constant and fairly low… Lets take an example…