Hi,
I am 28 year old, married with a new born daughter. I am left with around 28 K at the end of the month after all expeditures. I already have PPF for myself and my daughter too.
I want to opt term insurance – HDFC Click 2 Protect found interesting. But as the maximum age to cover would be 65, will that be good option to opt for it now?
or else I am thinking,
a. To buy HDFC Click 2 Protect now tenure of 10 years
b. Again by HDFC click2 protect at the age of 35 for tenure of 30 years; so that it continues till 65 age.
Please suggest.
1. My retirement age would be 58-60, will that be advisable to continue with term insurance after that i.e Paying of premiums after retirement? I will need to make extra arrangement for those premium amounts
2. Also, Premiums for this will increase every year as per age? I am unsure of this.