Review my insurance coverage?

[koolz]

Minimum coverage, you have to 5-6 times of your annual income from all sources. So 5 X 6 = 30 Lacs.
Total cover you have already taken = 15 Lacs.

Shortfall = 15 Lacs

[narayan]

I would suggest take term plan to cover the short fall.

[angelica]

With the new regulations and new ULIPs in the market its a boon to insurance customers. Agency commissions have been reduces drastically so premiums and policies would be cheaper by half. Your returns in the first year would increase a lot since your commissions would be cut down.

Hence lots of Insurance companies like Bajaj Allianz, Future Generali etc are all reviewing their policies and offering good premiums plans to customers.