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28 Nov, 2021
by Navneet Kumar
I'm working as a extra departmental employe in dept of post my gross salary is 15k + commission i make on fixed deposit done at my branch which is variable
2 month back I joined a departmental post with salary 23.5k
Currently I'm getting 23.5k + 15k(original salary) + commission out of which I pay 10k to another person working at my original posting as my substitute overall I earn around 30k /m I want term insurance 1crvfrom Max Life but I'm not able to declare my income properly I'm in position to pay upto 1000 monthly age 21
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28 Nov, 2021
Navneet Kumar
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Great Navneet you have been able to figure out a way for side income. :)
For Term Insurance you need to have formal income. Side income or part-time income is not considered. Most front line plans have minimum qualification critera as 5 Lacs of income. Suggest you try Saral Jeevan Bima -- the standard term policy that insurers are offering. Income is not mandatorycriteria in this case.
Regards
Rohit Dhingra