Hi Basu, I am planning to purchase term insurance plan. My details: Age: 30Yrs till July 2016 Non smoker CTC: Rs 2,40,000/year. Unmarried till October 2016. Currently paying PPF: Rs 500/month ( Already 1.5year completed). No diseases till now. Requests: For how much amount term policy required. Is it required to select riders. Is it good idea ,selecting term policy age upto 65years and purchasing another 2 or 3 term insurance policies in age of 40-50years and 50- 57years. Upto how much age ,term policy required. For spouse also term insurance required.( Planning to marry a bride working in a Pvt company only Anual CTC Rs 3Lakh/year). I am a layman in financial calculations. Please guide me the policy names and i will call the corresponding cusotmer care I am waiting for your reply.
Refer my latest post on this and also go through all comments. You will get answers.