DearbSir,
please suggest about term insurance
if a person have montly income 27000/- how much amounts he wants for term insurance so that it will pay easily yearly installment.
The maximum term insurance coverage eligibility ranges from 10 to 15 times your annual income. Thus, if your income is Rs 4 lakhs per year you can avail of a term insurance cover of Rs 40 lakhs to 50 lakhs..
CAclubindia
