How much Term Life Insurance Cover do we need?

How much term insurance or life insurance cover do we need? Term insurance plan is the simplest form of insurance that gives only death benefit and no investment benefit. On the other hand whole life insurance or endowment policy clubs insurance with investment. Which ever insurance policy you take, you have to calculate the insurance cover first. In this video, we cover just that.

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हमें कितना टर्म इंश्योरेंस या लाइफ इंश्योरेंस कवर लेना चाहिए? टर्म इंश्योरेंस प्लान इंश्योरेंस का सबसे सरल रूप है जो डेथ बेनिफिट्स देता है लेकिन कोई इन्वेस्टमेंट बेनिफिट्स नहीं देता। दूसरी तरफ होल लाइफ इंश्योरेंस या एंडोमेंट पालिसी जिसमे इंश्योरेंस के साथ इन्वेस्टमेंट भी शामिल होता है। आप कोई भी बीमा पॉलिसी लें, आपको पहले इंश्योरेंस कवर की गणना करनी चाहिए। इस वीडियो में, हम इसे कवर करते हैं।

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In this video, we have explained:
How to calculate the amount of life insurance cover you require?
How to compare life insurance policy and endowment policy?
Is insurance policy good as an investment option?
Which type of insurance policy should you go for – term insurance policy or whole life insurance policy?
How to know the worth of insurance policy we need based on income, assets, liabilities, and financial goals?
Which thumb rules should you follow while investing in LIC policy or any other life insurance plan?
What are the things you should keep in mind before investing in an insurance plan?

It can be tricky to understand and decide how much insurance cover we need and whether an insurance policy is a good investment option also. Despite being an investment option most of the insurance policy or life insurance plans don’t provide us with enough returns as an investment. Many insurance policies from life insurance corporation of India and SBI life provides us with investment benefits as well as death benefits but we should consider all the other investment options before making a decision.

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