{"id":1452,"date":"2012-02-27T18:15:01","date_gmt":"2012-02-27T12:45:01","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=1452"},"modified":"2016-05-28T23:16:27","modified_gmt":"2016-05-28T17:46:27","slug":"single-premium-or-yearly-premium-for-life-insurance-which-is-better","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/single-premium-or-yearly-premium-for-life-insurance-which-is-better\/","title":{"rendered":"Single Premium or Yearly Premium for Life Insurance – Which is better?"},"content":{"rendered":"
Deciding on Life insurance is complicated process and once you have decided on the insurance amount, insurance tenure and which company and plan to go for, the last decision to be made is weather you should opt for single premium or Yearly premium payment?<\/strong><\/p>\n I favour Yearly premium payment over single premium policies because of the following reasons:<\/strong><\/p>\n For the illustrative purpose I have taken example of LIC Amulya Jeevan – a term life insurance plan.<\/strong><\/p>\n Following are the details:<\/p>\n Total premium paid in 35 Years (in case of Yearly Premium) = 38,800 X 35 = 13,58,000<\/p>\n So the above calculation shows that you would end up paying Rs. 13.6 lakh if you choose Yearly premium payment while you would only pay Rs. 5.6 Lakh in case you opt for single premium.<\/p>\n A discount of approximately 60% over Yearly premium payment.\u00a0<\/strong><\/p>\n So is Single premium payment is what your should opt for?<\/p>\n Probably No!<\/span><\/p>\n Here are Six steps how you can utilize your single premium amount of Rs. 5,58,700 in a better way.<\/strong><\/p>\n To conclude, you should always do your calculation when you need to decide on the Single Vs Yearly Premium payment for Life Insurance and in most of the cases the above strategy of opting for yearly premium payment over single premium payment plan should work for you.<\/p>\n","protected":false},"excerpt":{"rendered":" Deciding on Life insurance is complicated process and once you have decided on the insurance amount, insurance tenure and which company and plan to go for, the last decision to be made is weather you should opt for single premium or Yearly premium payment? I favour Yearly premium payment over single premium policies because of […]<\/p>\n","protected":false},"author":1,"featured_media":4698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[5,3013,16,86],"tags":[38,40,17],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance-300x165.png",300,165,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",120,66,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":1,"uagb_excerpt":"Deciding on Life insurance is complicated process and once you have decided on the insurance amount, insurance tenure and which company and plan to go for, the last decision to be made is weather you should opt for single premium or Yearly premium payment? I favour Yearly premium payment over single premium policies because of…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1452"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=1452"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/4698"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=1452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=1452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=1452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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