POSTED BY December 26, 2011 5:24 pm COMMENTS (5)ON
My company provided me a term insurance policy (Rs 45 Lakhs) apart from another Accident benefit policy (Rs 45 Lakhs). But, I am not sure I will contine for a long in this organisation.
Hence, I would like to have a separate Term Insurance Policy of mine for an amount of Rs 50 Lakhs. I am into 30% tax bracket.
1. Kindly suggest me a good Term Policy (online or offline). Also let me know whether I have to declare to the LIC about my present Employee Term Policy or not required to mention.
2. Is it good to take a single policy of 50 Lakhs or 2 policies of 25 lakhs each
3. I am 37 years old and would like to have a policy term of 30 years or more. Is this ok or better to reduce the duration of policy to reduce the premium.
Kindly guide me
Thanks, KK Babu