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. Vikram.R says:
    December 3, 2013 at 11:03 am

    Great resource for you http://www.moneycontrol.com

    Reply
  2. VinManHBK007 says:
    December 1, 2013 at 9:28 pm

    Sorry forgot the link http://www.moneycontrol.com/personal-finance/tools/insurance-calculator.html

    Reply
  3. VinManHBK007 says:
    December 1, 2013 at 9:27 pm

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

    Reply
  4. ashalanshu says:
    November 29, 2013 at 11:50 am

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

    thanks

    Ashal

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.