| Description: | Term Cover Insurance Plans At present ,a 30 year old who purchases a 25 year RLIC term cover pays 14600 annually for a cover of Rs 50 lakh .This is much higher than premium charged by private life insurance companies offer much cheaper .Several companies offer much cheaper cover online.however ,RLIC officials say that the corporation has a better track record in claim settlements .They also point out that term insurance rates cannot be compared because in high value policies that actual premium would depend om medical underwriting and the parameters for normal rates vary across insurers. |
