Hello Jagoinvestor readers,
I would like to congratulate Manish for his work educating on Personal Finance. I have question regarding sum assured of term insurance plan. My CTC is 11L what would be eligibility of SA. As I read through the blog it is recommended to split total SA across two companies. After reading lot of reviews, I have finally decided to take term insurance of 1Cr from AVIVA I Life and 50L LIC Ammulya Jeevan for term 35 years(this is my conservative choice). would like to is it possible to get total cover of 1.5Cr for my CTC? or will LIC object to give the Policy since I will have 1Cr SA from AVIVA since lack of eligibility ? Please through some light ?