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Thread: Is my Life Insurance cover sufficient?

  1. #1
    NewBie
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    Jul 2012
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    Noida
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    Question Is my Life Insurance cover sufficient?

    I have term insurance from LIC in for 25 lakhs for which I am paying premium Rs. 10,000 annually.

    My queries:
    1- Is my Life cover sufficient?

    2- Shall I take an additional medical insurance policy or only a critical illness policy? Please also suggest good policies and the cover required.
    3- Is there a medical insurance policy which can cover the period when one switches from one job to another?



  2. #2
    Administrator
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    Apr 2009
    Location
    Chennai
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    Default

    Quote Originally Posted by NSC_Manish View Post
    I have term insurance from LIC in for 25 lakhs for which I am paying premium Rs. 10,000 annually.

    My queries:
    1- Is my Life cover sufficient?
    Please tell - how much you are earning, liabilities, dependent etc?

    2- Shall I take an additional medical insurance policy or only a critical illness policy? Please also suggest good policies and the cover required.
    Check this articles -
    1- Things you should know before buying Critical Illness Insurance Plan!
    2- From where to buy the Critical Illness policy - General Insurer or Life Insurer?
    You will pick up maximum wrong numbers when on roaming.

  3. #3
    Administrator
    Join Date
    Apr 2009
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    Chennai
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    Default

    3- Is there a medical insurance policy which can cover the period when one switches from one job to another?
    All personal health insurance plans works.
    You will pick up maximum wrong numbers when on roaming.

  4. #4
    NewBie
    Join Date
    Jun 2012
    Location
    Mumbai, Mahara
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    Default

    To be able to calculate the amount of cover required I need to know your age, income, current assets, liabilities, future financial goals etc. As far as pricing is concerned;LIC is too expensive. You can look for options offered by private players.


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