The Covid-19 pandemic has affected everyone adversely. Each one of us likely knows someone who passed away or has had a near-death experience due to the pandemic. Untimely demise of a friend/family member/colleague also puts our own mortality into perspective. While you must take precautions and avoid getting infected, you must think through the various “What ifs” … [Read more...] about How to Keep Family informed about your Investments and Insurances?
income replacement term insurance plan
You have bought a term cover of Rs 1 crore. As per your calculation, the amount should be enough for your dependent family to maintain their lifestyle and achieve all important life goals (education, accommodation, healthcare, marriage etc). Let’s assume Rs 1 crore is enough. If something were to happen to you, your family will get a lump sum amount of Rs 1 crore. However, the … [Read more...] about Income Replacement Term Insurance Plans: You may need one