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Term insurance for me and spouse

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18 Apr, 2021 by  Surendra Khemka

I want a term insurance for me (graduate) and my wife. (10nth pass ) for 1 crore.

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Term Life Insurance

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20 Apr, 2021

Dear Khema Sahib

To curb moral hazard , most of companies offer term insurance to people who are graduate and filing income tax return .

Depending on your age and income , you can get cover of Rs 1 crore provided you have an earning of approx Rs 6 lakh per annum and you ate around 30 year old . But if you are around 45 then your income should be over Rs 10 lakh .

I don't think any insurance company will offer cover of Rs 1 crore to your wife .

If she is a housewife then maximum cover she will be offered is Rs 10 lakh .

Hope this clarifies

Shailesh

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22 Apr, 2021
Ramdas Shingate
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22 Apr, 2021
Ramdas Shingate
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