Life Insurance policy for my 58 yrs old mother ?

POSTED BY vimalvora ON December 23, 2013 6:26 pm COMMENTS (7)

Dear Sir,

Needed your guidance. My Mother age is 58. she is healthy .which policy shall i make for her so that at 70  years she gets a good amount at maturity  and her life is also covered. i can pay 3000/month.should i opt for term insurance and ppf or nsc ? .

With regards

Vimal Vora

7 replies on this article “Life Insurance policy for my 58 yrs old mother ?”

  1. ashalanshu says:

    Dear Vimal, what safety for 15Y, are you looking for? Are you happy with the bank FDsthat money ‘ll remain safe as return ‘ll be predictable but what about the impact of inflation in the long run?

    thanks

    Ashal

  2. ashalanshu says:

    Dear Vimal, please wait for a moment. First of all decide, what do you want to do with your money for your mother? Purchasing health insurance keeping her age in mind should be the top priority.

    Once the health insurance part is taken care off, please focus on investment. How do you want to invest for your mother? Do you want some regular income or want to create a corpus for her in later years so that she can live her life on her own terms and not living as dependent so someone else (here this someone else means you, your siblings if any, spouses…..).

    Please think before you act.

    Thanks

    Ashal

    1. vimalvora says:

      Dear Sir,
      Thanks for your suggestion. i want to make a health insurance for her and make a investment plan for her which will become a good corpus after 15 -20 years .
      pls suggest the best health insurance plan and which company is the best in health insurance and where to invest safely for 15 years .

      Thanks
      vimal vora

  3. ashalanshu says:

    Dear Vimal, let me ask you a blunt question, if your mother dies after 3-4 years from here onwards, who ‘ll be benefited from this insurance policy?

    Thanks

    Ashal

    1. vimalvora says:

      Dear Sir,
      i got your point .then shall i go for health insurance then which or shall i make a ppf account or nsc.pls suggest.

  4. Syamantak says:

    Why would like to to ‘insure’ your mother who is aging 58 at this moment? Is she having any dependent who requires financial support in case of her sad and unfortunate demise? Just a thought came in my mind.

    1. vimalvora says:

      dear sir,
      pls guide me . no she doesnot have any dependent .should i go for health insurance then how much.

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