Hi,
I have been asked to purchase the following types of policies,
Term Insurance – 1cr for self and 50L for spouse.
Medical Insurance – 5L family floater.
Personal Accident Policies – 1cr for self and 50L for spouse.
Critical Illness Insurance – 5L.
I am in the late thirties. Me and my wife are working members of the family. We have company insurance coverage.
I am spending a lot of time trying to think if this is really needed as the premium itself comes to 60,000/- per annum.
Please suggest.
Regards,
Vijay