In these times of high inflation, Rs 20 won't buy you much. But it is enough to buy Gopal Gidwani a term insurance cover of Rs 49.99 lakh. The 38-year-old Pune-based professional pays an annual premium of Rs 7,652 for the Anytime online term plan from IndiaFirst Life Insurance he bought two months ago.
Term insurance policies have become very popular in the past 12 months. "Premium rates have come down, companies are advertising term plans in a big way and the online channel is very...