Experts believe that in an economy like India, where inflation could be higher than developed economies, it is better to have a cover equivalent of 10 to 15 times the annual income plus the outstanding liabilities.
By Ajit Menon
The most important question to address while creating a financial plan is that if something untoward was to happen to an earning member of the family what happens to the goals, aspirations of the family and who takes care of the liabilities like home loan? Can an individual create a big enough safety net for their near and dear ...
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