Many of us look to buy the best term insurance plan offering the lowest premium for a sum assured of Rs 1 crore. The primary objective of buying a term insurance plan is to ensure the life goals are not derailed and there is adequate money for the family to maintain the standard of living in case of early death of the bread earner.
There are various goals such as home buying, child’s education, marriage etc. that require considerable funds to achieve them. Buying a term insurance plan that takes care of future financial obligations should be the approach and not merely buying a cover on an ad-hoc basis.
If you are looking to buy a coverage of Rs 1 crore, it is important that you correctly calculate the need. You might require a lesser amount
Read more on financialexpress.com