A term cover is the cheapest and ideal form of life insurance one can buy. A policy buyer often faces the dilemma of how long the coverage should be—till 70, 80, 99 years of age? Is there any loss in opting for a long-term life cover? Well, life insurance is usually bought for as long as one’s working life, but now, the concept of semi-retirement is in vogue. Many people continue to work well beyond 60. Besides, life insurance proceeds would be like legacy money for the children! Such beliefs often stem from the fact that there are many misconceptions about life insurance as a product.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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