Is my Insurance cover enough?

POSTED BY MILIND SARAF ON March 10, 2014 4:44 pm ONE COMMENT

Dear Ashal

I have taken sbi max gain loan of rs. 1753000/- for 18 years . My age is 42 years . I have also taken Rinn Rakasha along with max gain so my wife is protected as home loan is concerned, but besides this i have only jeevan saral policy having death cover of rs 500000/- but after 5th prim paid next march 2015 , i am in mood of surrendering it.

Besides this i have taken mediclaim of rs 300000 for myself and rs 200000 for my wife.

I need your advice being above mentioned protection is not enough, what i should do for life insurance . Whether SBI LIFE is good or any other policy ?

regards

milind saraf

pune

One reply on this article “Is my Insurance cover enough?”

  1. ashalanshu says:

    Dear Milind, please purchase at least 15 times of your yly income as your term cover. If you are OK with SBI Life insurance, you may purchase it’s online term cover.

    Thanks

    Ashal

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Your email address will not be published.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.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today