How much term insurance do i need ?

Related Questions

• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on May 05,2022
  What if my private company has provided me health and term insurance of good amounts?  Shall I still buy the personal insurance now or wait for some years until I quit the company and then buy the personal health and term insurance?
  Your group insurance is a rented property . You have it till you are part of group . You ...
  
  1 0 66
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 05,2022
  In a term plan we are paying premium every month for the coverage but what if a person face death early (say after one year only of taking life insurance) in the period so he has not paid the amount of the coverage so will his family be getting the full coverage amount?
  Yes , claim will be payable .That is the purpose of Insurance to cover the risk of uncertain event ...
  
  1 0 67
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 17,2021
  If I die after just 2 years of life term insurance, am I guaranteed to get the full amount?
  No , as per Section 45 a claim can not be repudiated after payment of 3 annual premium and ...
  
  1 0 140
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 17,2021
  If i bought a term life insurance and I end up paying till maturity age. What's my benefit then ? will I get any premium ?
  Dear  Pure Term Insurance offer sum assured on death only and nothing is payable on survival . However , there are ...
  
  1 0 42
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 24,2021
  How do we determine the right life insurance amount ?
  Dear  It should be done through HLV ( Human Life Value ) method For example : You are 30 year old ...
  
  1 0 25
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on April 17,2022
  Is it possible to have multiple term life insurance as salary increases and if yes then is it possible to claim from all if something happens ?
  Yes , one can have multiple insurances and all claims are payable . Please ensure that all insurances policies ...
  
  1 0 26
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan .
  How many types of term insurance are there?
  There are two types 1. Pure term where sum assured is paid only on death of insured . There is ...
  
  1 0 47
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 01,2022
  I'm still a student and my age is 23. I want to buy a term insurance now so that my premium remains low. So can I still buy a 2 Cr sum insured term insurance without actually securing a job?
  Dear  No , you are not eligible for Term Insurance of more than Rs 10 lakh. For higher sum assured , ...
  
  1 0 20
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on September 17,2022
  If I buy a term insurance plan from any insurer and unfortunately the company gets shutdown in the middle of term then what happens to my insurance policy, will it be active or not for the entire term?
  Dear As per Insurance Act , no insurance company can  shut down . At the most , another company would ...
  
  1 0 142
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 21,2021
  If a person dies abroad, will term insurance taken in India is still valid? and sum assured will be given to nominee in case of death?
  Yes , term insurance is universal and claim will be paid in case death happens in foreign land . ...
  
  1 0 392
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 01,2022
  I have a question if my company is providing term insurance for me then should i have my own term policy for my self while i am working in that company?
  Dear  Your company insurance is like rented property , you are not owner . The day you leave the job ...
  
  1 0 55
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 05,2022
  How can I find best company of term insurance with high settlement ratio?
  Dear  All Insurance Companies are good and work under IRDA . If you are hungry then you look for a place ...
  
  1 0 47
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 05,2022
  How do you become eligible to get a term insurance ?
  Dear  To avoid moral hazard ,Term insurance eligibility : Income generation - Income proof like ITR or Bank statement with regular ...
  
  1 0 24