Guys I was looking for Tata AIA term insurance plan online. It's strange that premium is 33k on AIA's website and for same amount it's 28k on policy bazaar. How's it possible??
Anyone been through this confusion?

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Looking at the difference, it might be because of GST. In policybazar, GST is added at very last step, just before payment. So, it will become same

I thought the same.. Double checked everything. These amounts are including GST. Cover age is same. Premium pay years is same. Cover amount is same.
2.5 crore
Upto 65 years
Pay premium for 20 years

Max Insurance would be better. For 40 years cover period, you will get your premium amount back at the end. I'm looking to buy that. It's highly rated then all other companies on Policy bazaar, also claim rate is very high.

What's the total amount u have to pay and for how many years?

Policy bazar must be taking a cut in agent commission to stand out in competitive market.

Well.. I found out the reason.
For Tata AIA, premium drops when one crosses the salary benchmark of 15LPA.
So if u are earning less than 15lpa, premium is high while premium is low in case ur annual income is more than 15lpa.
Still strange though... They are charging less premium from people earning more.

It is assumed that if you have a good package then obviously you would be taking good care of your food and maintaining a healthy lifestyle, which a low income person can avoid due to financial reasons/other priority. Of course it differs person to person but just to create a cut off, they assume so.
Another reason could be they want to attract highly paid people so that they look at their plans for investment/tax saving perspective.

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