A. You are not earning
B. And You have no one DEPENDENT on you
A. You are earning
B. You have family member DEPENDENT on you
Means your life insurance should have sum assured value EQUIVALENT to 20x of your annual income
How much sum Assured you must have.
do not consider the life insurance police as an investment, its for life security for your DEPENDENT or the kind of retirement benifit
How much sum Assured you must have.
Buy life insurance only after comparing the annual return projection with the help of XIRR formula, this will help you get the best plan.
How much sum Assured you must have.
The XIRR formula tells you what percentage per annum will your life insurance or SIP give you after the next 10 years or 20 years.