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Do I need a second term insurance policy?

Hi Manish,

I am 23 years old and already have a Aegon Religare term plan of 5o lakh with all riders till age of 75 years. I was checking if I should buy another plan.

I was checking other companies plans but observed that the max policy tenure is around 30 years. This means that if I buy another plan then it will end in my 50s. But, my average working age would be around 65. So, I was thinking that probably I should wait for another 8-10 years and then buy another term insurance plan. At that time, my dependencies and priorities may also change.

What do you think about it?

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