My Two Cents -Originally Posted by ravinder
We need to concentrate on two form of risk!...
one is dying too early which can be covered by term insurance (min 10 times of annual income)and
the second one is living too long and not earning and depending on others for money which can be covered by pension plan (invest regularly so that u get some income in form of pension, here we need to know how much we want when we retire and work on our Investments)...even in a pension plan go for single premium where the charges are only 6% if u go for the regular premium u need to lose nearly 50% in the 1st 2 years as charges!
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