Which company I should go for term insurance? - LIC (Jeewan Amulya) or Metlife (Met Suraksha-TA)

[waves80]

I am planning to purchase a term insurance plan for myself but really confused - which company to go for? I am looking for Rs 50,00,000 cover for 35 years with annual premium. After going through websites of different companies in market, I found out that plans offered by LIC (Jeewan Amulya) and Metlife (Met Suraksha- TA) are the cost efficient one. Metlife (Met Suraksha- TA) is the cheapest one if I go for Rs 50,00,000 cover for 35 years. Please advise me that -
1- Which company I should go for?
2- Other than cost - What all other things should I look before purchasing the term plan?

[v.r.s.nathan]

Met Suraksha -TA => Max term for cover is upto 60 years.
Rs 50,00,000 cover for 35 years, Premium Rs. 14118
LIC - Amulya Jeevan
Rs 50,00,000 cover for 35 years, Premium Rs 14,700

As per above calculation Met Suraksha is cheaper. Plus point with LIC Policy is Maximum age at maturity is 70 years, which is 60 years for Met Suraksha.

[v.r.s.nathan]

2- Other than cost - What all other things should I look before purchasing the term plan?
Check here -
http://www.policywala.com/showthread.php/1900-Ten-Insurance-Buying-Tips

[PolicyWala]

2- Other than cost - What all other things should I look before purchasing the term plan?
- Don't always go for cheapest one
- Read all T&C before buying any term plan
- Do your research, everyones term and conditions are not same so one plan may be good for your friend not for you
- Allways disclose all the health related problem at the time of filing the proposal form, never hide anything

[Matrix]

Just to add -
- Understand your current and future need then only buy any insurance product
- Insurance is risk covering method not an investment, so avoid ULIP