Home Life Insurance Max Life Insurance Term Plan Review | Best Term Insurance | Online Live Demo.

Max Life Insurance Term Plan Review | Best Term Insurance | Online Live Demo.

20
Max Life Insurance Term Plan Review | Best Term Insurance | Online Live Demo.



In this video, we will Review for Max Life Insurance Term plan. We have added Max Life Insurance term plan in our list for Best Term Insurance for 2020 but …

20 COMMENTS

  1. U said SB or FD person.will.get more
    Interest but U Did not deduct TDS on interest.no 2 Premium and maturity amount TDS will be deducted from SB
    & FD that you never mentioned.ln insurance premium and Maturity amount both are tax exempted.That
    Difference U never mentioned.U are
    Trying to misguide the public.

  2. Your calculations are wrong and misleading.

    You ignored the payment of Rs. 11,682 after 10th year in '37 years' option. And therefore, impact of outflow of Rs. 11,682 for next 27 years after 10th year is not there in your comparison.

    Simply saying…
    Present Value (PV) of all premium outflows in '37 years' option is Rs. 2,32,569.
    And PV of all premium outflows in '10 years' option is Rs. 2,18,981

    Note : 4% rate is taken at annual compounding and all premium outflows are considered at beginning of years for this calculation for being more precise

    So '10 years' option is more beneficial in this example.
    However this conclusion will change if interest rate is taken at 4.75 % or higher and in such case, '37 years' option will be more beneficial.

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