Is two term insurance correct or go for one big term insurance?
I have purchased a Term Insurance from ICICI 4 years ago with 2.5 Cr base coverage and 2 Cr Accidental coverage. My Income has increased substantially in 4 years and this coverage doesn't seem sufficient now. Also, I have a son now so future liabilities have increased. Should I go for another Term Insurance from ICICI or look at one big coverage plan? Original Term plan will also cover till 58 years of age only and I wanted coverage till at least 65 years.