Question 1

What is insurance worth one crore?

Accepted Answer

Answer-A person with a 1 crore health insurance plan is given a high sum insured of up to 1 crore rupees to assist them in covering costs associated with a serious or terminal sickness.

Question 2

Is two crore term insurance sufficient?

Accepted Answer

Answer-People who support their family solely through their income should purchase a 2 crore term insurance plan.

Question 3

How much should you put toward insurance?

Accepted Answer

Answer-It is recommended that your insurance coverage be 10–12 times more than your current annual income when determining your insurance.

Question 4

Why might life insurance not be paid?

Accepted Answer

Answer-The insurance provider may decide not to pay the death benefit if you lie on your insurance application about any risky pastimes, health issues, vacation plans, or your family's medical history.

Question 5

Is purchasing life insurance a wise financial move?

Accepted Answer

Answer-The purpose of life insurance is to lessen the financial burden on your loved ones in the event of your passing. Permanent life insurance is beneficial because it can help you generate wealth and because you can use the cash value that builds up over time as an investing instrument while you are still living.

Browsing: 1 crore life insurance

1 Crore Life Insurance Policy Plan form LIC, SBI, Premium

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Format of will in India

pmayg.nic.in report 2023 list- PMAYG

Section 80 TTA of Income Tax Act

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Format of will in India

pmayg.nic.in report 2023 list- PMAYG