Hi Manish,
My wife has taken a life insurance unit linked plan called “LifeStage Wealth II” from ICICI Prudential Life Insurance on 7th Jan 2012. The total premium per year is Rs. 60000 and the life cover is for Rs. 1500000. The term is for 30 yrs and premium paying term is 5 yrs.
After reading few articles from Jago Investor and after consulting my friend Phani Kumar Vedanabhatla (who is a avid reader of Jago Investor), I am wondering whether I should continue this policy as the life cover is very less for the amount of premium which we are paying. Kindly advice.
Thanks & Regards,
Gautham