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sir, present my income is 6lac p.a to that i eligible for 1cr term insurance for 75years age. But after retirement my income would be lesser. is there any condition that income should higher at claim time.
Hi,
No, generally there wont be any condition like that (unless it is clearly stated in the Policy document).
sir, for my yearly income 6lac HDFC life their are saying 1.5cr eligible please suggest whether to go for 1cr(15191rs) or 1.5cr(20615rs) for limited period pay upto my 58years age
sir please suggest limited pay or regular pay best.
Hi..There is no best or worst here..it depends on your personal choice/convenience.. If you are ok to bear higher premium for Limited pay and pay all the premiums when you are young and earning well, you can opt for Limited pay.
You may kindly use the calculator available in this article @ https://freefincal.com/insurance-calculator-for-the-young/
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my age 28 recently married. I am searching for term plan suitable to me. i am interested to go with HDFC life plan 1cr or 1.5cr limited pay term upto 58 years age and policy coverage upto 78years. please give me suggestion regarding to add 10lakhs for critical illness and monthly income for 10years or to go for basic term plan and health insurances for family.