For a slightly lesser premium you get extra 25 Lakhs Life insurance isn\u2019t it amazing.<\/strong><\/p>\nNow 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>\n10 Lakhs \u2013 Rs 1730<\/p>\n
25 Lakhs \u2013 Rs 3825<\/p>\n
33 Lakhs \u2013 Rs 5049<\/span><\/p>\n49 Lakhs \u2013 Rs 7497<\/span><\/p>\n50 Lakhs \u2013 Rs 5050<\/span><\/p>\n74 Lakhs \u2013 Rs 7474<\/span><\/p>\n93 Lakhs \u2013 Rs 9393<\/span><\/p>\n99 Lakhs \u2013 Rs 9999<\/p>\n
1 Crore \u2013 Rs 9400<\/span><\/p>\nDid 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>\nYou can notice similar discrepancies in premium rate being same for 1 crore and 93 Lakhs insurance!<\/strong><\/p>\nI 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}]}}