POSTED BY March 8, 2011 12:25 pm ONE COMMENTON
I am 28 yr old, Single, leaving with my parents.
Father will be retired in next 2-3 Years.
Parents having their own home and I am working in software company and planning to take flat in next year with home Loan of 20-25Lac(at that time Home loan will get covered by another insurance?)
My annual income is 4.5L and I am going to marry next year.
Now Question is:
I would like to take Term Plan.
I searched term plan in market and from your site I decided to take Kotak Preferred Term Plan for Premium of 30L for 30 yr with accident death benefit rider 7, 50,000 and Permanent disability 7, 50,000.
From my overall planning is this Plan ok? Or Shall I need to take more cover?
Is LIC is better option than Kotak for me?