A plain vanilla term plan is a key component of every individual’s financial plan. However, insurance needs vary as per one’s age and liabilities. For instance, a middle-age working woman with high income, sizeable assets and very few liabilities may not need life insurance at all. On the other hand, for a young professional with an education loan, it is advised that a term cover equivalent to the loan amount should be bought. Mint tells you how much insurance you need at different life stages and what will it cost.
Financial Terms Like Mutual Fund, IPO and Bond Now In Sign Language For Differently-Abled
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