Dear sir, I have already taken kotak e term insurance for 25 lacs and paid premium for Rs,7258 pa/- since last two year I was paying now when I look again 55lac term insurance it comes to 17750 with 8 lacs critical illness and wop for 75 year of Aegon life insurance. If I take two policy then I will have to pay total 7258+17750=25008 and when I look now 80 lacs now for 75 years with Ageon life insurance it comes rs.22650/- (25008-22650=2358 saving) but I have to stop first policy and last year premium paid forfeited so what is your suggestion should I go for once policy for 80 lacs or should I keep two separate policy
Do you need life insurance up to the age of 65 yrs, 70 years or 75 years? Better to continue the same existing. Because closing the existing one and running behind cheap plans once in 2-3 years does not make sense.
you mean that i should not take term insurance up to age of 75 year pls correct me if my impression is wrong