I’m planning to buy one HDFC Click 2 Protect Term Insurance.
Sum Assured = 1 Crore
Policy Term = 10 Years
Premium Amount =8,613
Let me suggest this is fine..I don’t want to pay long term premium and it’s my hard case.
Elssmutualfund-The ideal term insurance cover must be up to the end of your working age or start of retirement age. I don’t know what prompted you to look for 10 years. Also, if you need term insurance after 10 years, then the same sum insurance will cost you more than what you will pay now. Hence, think and decide. Life Insurance are meant for long term view and life protection.