My query is short and precise. Since I’ve no idea about this field and calls from agents have left me even more confused, I’m 24 now. My annual income is 5.4L which is expected to go up to 7.2L very soon. I’ve no loans and have only 2 members in my family(Parents) and might get married in next 2-3 years or so.
I’d like to have your opinion on the following:
1. Should I buy a term insurance being the only child? 2. If yes, then of what amount and from what companies? 3. I haven’t invested in anything so far(LIC, MFs nothing). So any other financial advice from your end which I can start off early in my career to reap benefits in long and short term?
Thank you!