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Thread: Is my Life Insurance cover sufficient?

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  1. #1
    Administrator
    Join Date
    Apr 2009
    Location
    Chennai
    Posts
    255

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    Quote Originally Posted by NSC_Manish View Post
    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!
    2- From where to buy the Critical Illness policy - General Insurer or Life Insurer?
    You will pick up maximum wrong numbers when on roaming.

  2. #2
    NewBie
    Join Date
    Jun 2012
    Location
    Mumbai, Mahara
    Posts
    1

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    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.

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