Term insurance personal advise

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.
Replies (3)
Quick Summary
This discussion addresses how much term insurance cover an individual needs based on their monthly income. Generally, term insurance eligibility ranges from 10 to 15 times your annual income. For example, if your annual income is £324,000 (based on £27,000 monthly), you could be eligible for cover between £3.24 million and £4.86 million.

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..

Thank you very much Sir, Thank you

My pleasure.                  

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