Someone who I know was looking to buy a life insurance on policybazaar and could not help but wonder about the low premiums at which Aegon Religaire was selling its life insurance policies when compared to LIC etc.
I too could not figure out the mystery behind the low premiums unless I read an interesting article on how insurance companies like Aegon Religare, Future Generali, DLF Pramerica and India First are selling cheap policies with low premiums but then get even with the insured by rejecting their insurance claims.
Insures to avoid:- Aegon Religare, Future Generali, DLF Pramerica and India First
Insurers to consider:- LIC, Star Union Dai-ichi, Kotak ING Vysya, HDFC Life
Read the interesting article in full by The Economic Times
Life Insurance Corporation of India is targeting to provide health cover to close to 10 million families in the 1 year of the operation / launch of the product and expects over Rs 4000 to 5,000 crore of revenues.
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