JumpyPickle

Term Insurance - Should I go for a 2nd term insurance?

I have an existing pure term insurance worth 1 CR. I feel I am under insured and want to go for another pure term insurance worth Rs 1 CR. How should I decide if I should go ahead with this?

12mo ago

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SillyDonut

TCS12mo

On a lighter note, Nobody will care if u leave 2cr or 1cr if u r a dead body.

If u r married and have kids then go for 10x ur CTC or enjoy ur life.

1cr TI is fine.

ZippyPancake

Stealth12mo

This is terrible advice

SillyDonut

TCS12mo

Why?

ZippyPancake

Stealth12mo

No better resource: https://joinditto.in/term-insurance/cover-calculator/

GigglyNarwhal

Stealth12mo

Invest that money in index funds🙃

SqueakyNugget

Flipkart12mo

Index funds are for you if you reach old age Term insurance is for your dependents if you die tomorrow

GigglyNarwhal

Stealth12mo

Op already has 1 term insurance. I would rather use that money to invest in market. I just proposed the least risky fund

PeppyNugget

Nike12mo

Kindly check with a consultant at Ditto. They would share a proper additional term plan considering the Ongoing EMIs, and inflation for the overall tenure.

JazzyNarwhal

Stealth12mo

You said you feel underinsured and again asking whether you should buy or not. You already answered your question. What exactly is your question now?

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