This is one cover that you must chase your agent for and not the other way round. First, let us believe the alternatives to term insurance.
One option is to ensure that you have sufficient assets that generate enough returns to make up for the loss of your salary. The second alternative is that you live in a joint family structure where your relatives will take care of your family.
In present times, neither is really a possible option. Considering that Term Insurance rates have fallen by over 50% since liberalizations, there is no reason not to buy term cover. There is also no reason for not buying term cover in your 20s.
And if you do not find an agent, there is always the online option. Aegon Religare’s term cover, which is the cheapest one in the market, is only available online.
For More Information About Insurance Policy.
Term Plan Calculator
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