POSTED BY March 10, 2014 4:44 pm ONE COMMENTON
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 ?
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One reply on this article “Is my Insurance cover enough?”
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.