Hi
I am currently 25 and am planning to take up a term insurace plan of 50L . My question is that the term insurance plan provides one with a cover of 30 years except aegon religare and Aviva(35 years). Considering my age at present i.e. 25 insurance will cover me till the age of 55. So is it advisable going for insurance at this stage and i am not considering any riders as i think amount of cover is already enough.
General info :
Dependent : 2 (Parents) (Not actually dependents ; it is just that i want them to have a comfortable life in case anything happens to me)
Marital Status : Single
Companies being considered(in priority order) : HDFC , Kotak, Aviva . LIC is completely a different league.
PS : Will surely take another insurance plan in future if i take one at present which covers me only till the age of 55 .
PS : To know how naive i am please refer : http://localhost/jagoforum2/need-insurance-and-investment-advice/4487/ . Yes since then i am reading a lot about all this stuff 🙂