Economical: <\/strong>The premium is much lower compared to the term insurance plans with premiums spread over the policy term.<\/li>\n<\/ul>\nList of Best Single Premium Term Life Insurance Plans<\/h2>\n
Some of the term life insurance plans with single premium payment options you can choose from are:<\/p>\n
Bajaj Allianz Life Fortune Gain<\/h3>\n
This is a single premium insurance-cum-saving plan. It is a single premium unit-linked savings plan. The single premium paid will be invested in the market as per your portfolio preference and risk appetite. 99.5% of the premium paid will be invested towards creating wealth for you.<\/p>\n
Bajaj Allianz Life Smart Protect Goal<\/h3>\n
This plan provides both, single premium as well as multiple premium options. It provides a comprehensive life cover and is easy on your pocket. You can opt for death as well as maturity benefits along with riders like accidental death benefits and critical illness benefits. The entry age for the policy is between 18 years to 60 years with the return of the premium option and between 18 to 65 years without the return of the premium option.<\/p>\n
Bajaj Allianz Retire Rich Plan<\/h3>\n
This plan has regular, limited, as well as single premium payment options. This option has to be exercised at the time of purchasing the term life insurance plan.<\/strong> The plan provides for paying the Guaranteed Vested Benefit at 101% of the premium paid. You will have the option to withdraw 1\/3rd of the vesting benefit in lumpsum and invest in the residual amount in the annuity plan or invest 100% of GVB in annuity plans. If you are below 55 years of age on the vesting date you can either invest the entire amount in an annuity plan or extend the deferment period. The entry age for this plan is between 30 years to 73 years.<\/p>\nConclusion<\/h2>\n
A single-premium term life insurance plan is beneficial if you have a lump sum amount to pay the premium upfront. This option suits individuals who do not prefer the commitment of paying premiums throughout the policy term. Also, a single premium turns out to be more economical than multiple premium payments. At the end of the day, the choice depends on individual preferences.<\/p>\n","protected":false},"excerpt":{"rendered":"
The demand for insurance is increasing with the mounting uncertainties in life. Considering the growing demand Insurance companies are now offering a plethora of insurance plans to suit individual requirements… <\/p>\n","protected":false},"author":4,"featured_media":360,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/posts\/359"}],"collection":[{"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/comments?post=359"}],"version-history":[{"count":2,"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/posts\/359\/revisions"}],"predecessor-version":[{"id":362,"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/posts\/359\/revisions\/362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/media\/360"}],"wp:attachment":[{"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/media?parent=359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/categories?post=359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessmagnetics.com\/wp-json\/wp\/v2\/tags?post=359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}