{"id":276,"date":"2011-05-14T02:44:30","date_gmt":"2011-05-14T02:44:30","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=276"},"modified":"2014-06-18T00:05:09","modified_gmt":"2014-06-17T18:35:09","slug":"how-to-get-rs-25-lakh-life-insurance-for-free","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/how-to-get-rs-25-lakh-life-insurance-for-free\/","title":{"rendered":"How to get Rs. 25 Lakh Life Insurance for free!"},"content":{"rendered":"

It\u2019s not a trick question or a marketing gimmick! And if you have been a regular reader of this blog you know that nothing in this world is FREE! But then there are exceptions \u2013 always!<\/p>\n

Imagine this \u2013 You are 28 year old healthy non-smoking male and need an insurance of Rs 49 Lakhs for 25 years. So you opt to go for the cheapest term life insurance<\/a> available \u2013 Aegon Religare \u2013 iTerm Plan<\/strong>. You need to pay annual premium of Rs 7,497 for this plan.<\/p>\n

\u00a0So where\u2019s the free 25 Lakhs insurance?<\/strong><\/p>\n

Well its very simple just check the annual premium rate for Aegon Religare \u2013 iTerm Plan for 74 Lakhs insurance and what do you see it\u2019s available for Rs 7,474 \u2013 around Rs 23 cheaper than 49 Lakhs insurance premium!<\/p>\n

For a slightly lesser premium you get extra 25 Lakhs Life insurance isn\u2019t it amazing.<\/strong><\/p>\n

Now picture this if you had opted for a 50 Lakhs insurance you would have paid Rs 5,050 as annual premium while you pay Rs 7,497 for 49 lakhs insurance in the same plan for same tenure. A savings of Rs 2,447 per year and extra life insurance of 1 Lakh!<\/p>\n

Here are some more results for a healthy 28 year old male.<\/p>\n

Insured Amount – Premium Amount<\/strong><\/p>\n

10 Lakhs \u2013 Rs 1730<\/p>\n

25 Lakhs \u2013 Rs 3825<\/p>\n

33 Lakhs \u2013 Rs 5049<\/span><\/p>\n

49 Lakhs \u2013 Rs 7497<\/span><\/p>\n

50 Lakhs \u2013 Rs 5050<\/span><\/p>\n

74 Lakhs \u2013 Rs 7474<\/span><\/p>\n

93 Lakhs \u2013 Rs 9393<\/span><\/p>\n

99 Lakhs \u2013 Rs 9999<\/p>\n

1 Crore \u2013 Rs 9400<\/span><\/p>\n

Did you notice now the premium rates for 50 Lakhs insurance is same as that of 33 Lakhs insurance<\/strong>? So initially if you were planning insurance of 33 Lakhs now you can buy 50 lakhs insurance at the same premium! So here you get 17 lakhs insurance for free!<\/p>\n

You can notice similar discrepancies in premium rate being same for 1 crore and 93 Lakhs insurance!<\/strong><\/p>\n

I really don\u2019t know what the pricing model for insurance premiums is but<\/p>\n

you might gain if you are a little careful and do some research!<\/p>\n

If you too had some similar experience with any financial product please share, it would help all the readers!<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s not a trick question or a marketing gimmick! And if you have been a regular reader of this blog you know that nothing in this world is FREE! But then there are exceptions \u2013 always! Imagine this \u2013 You are 28 year old healthy non-smoking male and need an insurance of Rs 49 Lakhs […]<\/p>\n","protected":false},"author":1,"featured_media":4702,"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":[5,16,86],"tags":[95,2807],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans-300x226.png",300,226,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",593,448,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/04\/Term-Life-Insurance-Plans.png",120,91,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"It\u2019s not a trick question or a marketing gimmick! And if you have been a regular reader of this blog you know that nothing in this world is FREE! But then there are exceptions \u2013 always! Imagine this \u2013 You are 28 year old healthy non-smoking male and need an insurance of Rs 49 Lakhs…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/276"}],"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=276"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/4702"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}