One of the most asked and discussed question when one wants to buy life insurance. So where can you get the answer from? It’s simple just ask a few of these questions to yourself and you will get an answer to your query.
Let’s take an example to showcase the insurance need of Mr. Ramesh, at the age of 30 he earns Rs 10 lakh p.a. and has a total outstanding loan is of Rs 22 lakh (Rs.20 lakh for his home and Rs.2 lakh for his car). He has an existing insurance coverage of Rs 10 lakh and he feels his family would require at least 10 times of his current annual income in case of any unfortunate event.
In simple terms now you can determine the amount for insurance based on your family needs and existing insurance cover.
For this we have developed a tool which can help you figure out the amount of insurance cover you need: (First click on “Click to edit” the fill the data in yellow fields)
Your inputs and suggestion are welcome.