Hello Manish & All
I am 25 years old and decide to take Term Insurance of Rs 22 lakhs for 30 years and split this into two companies
One is LIC Anmol Jeevan – I (10 Lakhs for 25 yrs, Premium-Rs 2861/year) & another is
Kotak Term Plan (12 Lakhs for 30 yrs ,premium-Rs 2236/per year )
Total premium of Rs 5097 yearly for SA 22 Lakhs.
Is this planning is good for me or should i have to do some changes in this or take Term plan from another company or somethingelse. And also suggest me is there any Term plan can i take more than 30 years.? please give your valuable suggestion .
I will be greatfull to all of you..
Mukesh Agarwal.
Hare Krishna.