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Term plan for a person with a dependent kid?

Hi Manish,

Both my self and my wife are working.We have a kid of 2 years old. My parents are dependent on me. My questions are

1) is kid dependent on both only one of the parent? or is kid dependent on both the parents? can we put the kid dependent on both the parents?

2) how should we go about taking the term plans for us? should both of us take the term plans keeping the kid and my parents as dependent on both of us? Can the my parents be kept as dependents on my wife while taking the term plans?

3) can the my dependents be reused for my wife?

4) can the kid be added as dependent?

5) which is the best term plan in the market as of now? (from your blogs i see that iprotect is good)?

Thanks & Regards,

Hari

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