Hi,
I am kirubakaran, 23 years of old. I wanted to take the term life insurance premium of about 50 lakh.
After 30 years, considering the fact of 6% inflation, it would be just 8.75 lakh (comparison) value. Is it intelligent?
The calculation shows ,I have to take a premium of about 2.8 crore to get the value of 50 lakh after 30 years…
Am I missing something?
Please share your views.