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How traditional life insurance plans tend to weigh you down

SHRIKRISHNA PATKAR | May 25, 2019 | 211 views

Time and again, traditional life insurance products have been viewed as a push productThe long tenure, combined with strict lock-in periods of traditional products and inadequate cover do not fall in line with the demographics of our country and tend to weigh us downTraditional plans have the largest share in product mix of life insurance industry, said Aalok Bhan, director and chief marketing officer, Max Life Insurance. The life insurance behemoth, Life Insurance Corporation Ltd., has a product portfolio that is tilted towards traditional products. Around 86% of LIC plans are traditional products (excluding riders).

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Canada Protection Plan

Canada Protection Plan is a leading name in No Medical & Simplified Issue Life Insurance in the country. We provide experienced, professional and compassionate service, along with reliable support. Whether you are in good health or not, our goal is simple – we want to make buying life insurance straightforward and easy to purchase. Ages 18 to 80 years can apply for affordable coverage fast. With up to $500,000 on our No Medical & Simplified Issue Life Insurance plans, this means no needles or medical exams and being able to get protected quickly.

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