I want to know about
- Term-plans which is having maximum coverage like up to 100 years. Please tell me any plan which is having the max coverage and also wants to know about the policy premium paying term information. Here i needs clarity like below. Suppose my age is 30 years old, then if i take 20 years term-policy insurance, will I get only 20 years of life coverage ??
2. What are the available mutual funds which are beneficial under ELSS funds.
Sravan-1) Ideally one must have insurance up to their working age. Insurance is not required when you are not earning in retirement. Also, do you know the cost of having term insurance up to 100 years? No company offers term insurance up to 100 years. In my view, the maximum age restricted is around 75 Yrs. Yes, the life risk will be up to your term of policy. Also, the current value of Rs.1 Cr or Rs.5 Cr will not be same value during your retirement. Think and decide.
2) All mutual fund companies offers ELSS funds.