HDFC Life insurance - is 1250 too good for 1 CR Term life insurance

[VasukiVasuki is verified member.]

I checked policy bazaar they are asking
1250 for HDFC 1cr policy - ( cancer rider added)
( Self employed category)
670 for Bajaj Allianz 50L policy .

Is 1250 too good to be true for 1 cr policy or its normal ?

A 45 year women profile featch 650+ rs for 50 lakh policy in Bajaj Allianz

Or is HDFC charging more looking at 21 year age .as main factor

 

[Zacobite]

I checked policy bazaar they are asking
1250 for HDFC 1cr policy - ( cancer rider added)
( Self employed category)
670 for Bajaj Allianz 50L policy .

Is 1250 too good to be true for 1 cr policy or its normal ?

A 45 year women profile featch 650+ rs for 50 lakh policy in Bajaj Allianz

Or is HDFC charging more looking at 21 year age .as main factor

1250 per month or annual? its crazy good if there is no fine print!!

 

[VasukiVasuki is verified member.]

1250 per month or annual? its crazy good if there is no fine print!!

1250 month .

 

[Zacobite]

1250 month .

its a good price.. try odd amount 90L or 1.1 cr the premium will be even better

 

[COSMOCRAT]

It should be cheaper for lesser age.

I bought 2 TI of 1Cr each from Max life and Bajaj Allianz for 850 and 700.

 

[sidpsidp is verified member.]

I checked policy bazaar they are asking
1250 for HDFC 1cr policy - ( cancer rider added)
( Self employed category)
670 for Bajaj Allianz 50L policy .

Is 1250 too good to be true for 1 cr policy or its normal ?

A 45 year women profile featch 650+ rs for 50 lakh policy in Bajaj Allianz

Or is HDFC charging more looking at 21 year age .as main factor

Max life /bajaj is even cheaper.
Ive heard Hdfc is good to deal with.
Generally hdfc>maxlife>Bajaj.

Bajaj quote is pretty high for your age. Is there any history of illness?
Edit: saw for 45+. Still little higher than usual.
Lower age , lower premium. It will increase after 35.
As policy amount increases, premium doesn't increase in same ratio. For 2cr, premium will be <2x 1cr premium.
General advice is policy should be 10-15x yearly income.