Is my Life Insurance cover sufficient?

[NSC_Manish]

I have term insurance from LIC in for 25 lakhs for which I am paying premium Rs. 10,000 annually.

My queries:
1- Is my Life cover sufficient?
2- Shall I take an additional medical insurance policy or only a critical illness policy? Please also suggest good policies and the cover required.
3- Is there a medical insurance policy which can cover the period when one switches from one job to another?

[Madhura]

I have term insurance from LIC in for 25 lakhs for which I am paying premium Rs. 10,000 annually.

My queries:
1- Is my Life cover sufficient?

Please tell - how much you are earning, liabilities, dependent etc?



2- Shall I take an additional medical insurance policy or only a critical illness policy? Please also suggest good policies and the cover required.


Check this articles -
1- Things you should know before buying Critical Illness Insurance Plan! (http://www.policywala.com/content.php/265-Things-you-should-know-before-buying-Critical-Illness-Insurance-Plan!)
2- From where to buy the Critical Illness policy - General Insurer or Life Insurer? (http://www.policywala.com/content.php/414-From-where-to-buy-the-Critical-Illness-policy-General-Insurer-or-Life-Insurer)

[Madhura]

3- Is there a medical insurance policy which can cover the period when one switches from one job to another?

All personal health insurance plans works.

[mandarparab]

To be able to calculate the amount of cover required I need to know your age, income, current assets, liabilities, future financial goals etc. As far as pricing is concerned;LIC is too expensive. You can look for options offered by private players.