How do you determine the sum assured for a term plan?
How do you determine the sum assured for a term plan?
Steps to Be Followed to Choose Right Sum Assured Analyze Future Working Years. … Chart Out Regular Annual Expenses. … Consider Major Life Goals. … Assess Your Investments, Savings, and Liabilities. … Insurer’s Claim Settlement Ratio. … Inclusions and Exclusions of Chosen Term Plan. … Medical process and filling proposal form. More items…
