How should I decide the Cover amount for my term plan ?

POSTED BY deepakjindal7 ON November 27, 2013 6:44 pm COMMENTS (4)

Dear Manish,

Your inputs are always valuable to make my financial life better. I need your advice and guidance regarding the term plan.
a) How should i decide the Cover amount for my term plan ( I am 37 yrs. old, 2 daughters, will be free from all liabilities max. by 65 years of age i.e. around Year 2040.
Thanks,
Deepak Jindal

4 replies on this article “How should I decide the Cover amount for my term plan ?”

  1. VinManHBK007 says:

    Good tool to calculate insurance amount as long as values being input are good.

  2. ashalanshu says:

    Dear Deepak, either purchase term cover as a multiple of your current yly income or current mly expenses + loan liabilities.

    thanks

    Ashal

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