3 replies on this article “Can I take term insurance of more than 1 crore for my student son ?”

1. piyupanch says:

   July 12, 2014 at 4:04 pm

   none have answered if term policy is available or not. I am thinking in advance because it is possible that in next 7 years he will be married.

   Reply
2. Viren Phansalkar says:

   July 3, 2014 at 8:23 pm

   Another aspect (apart from what Ashish has mentioned) is the duration of the life insurance policy:
   Current age: 18

   For 20 years policy:
   Policy expires when he turns 38

   For 30 years policy:
   Policy expires when he turns 48

   So this assumes, that he does not have any liabilities when he turns 38 or 48…

   Reply
3. Ashish Garg says:

   July 3, 2014 at 3:44 pm

   Start saving early is important, but taking life insurance early is to be debated. If this goes, one should look at insuring the kid at birth itself.

   Please understand why do we need insurance – to safegaurd are family / dependents. If there is no dependent then why and for whom would you need insurance?

   Ashish

   Reply

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