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?
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.
This is terrible advice
Why?
No better resource: https://joinditto.in/term-insurance/cover-calculator/
Invest that money in index funds🙃
Index funds are for you if you reach old age Term insurance is for your dependents if you die tomorrow
Op already has 1 term insurance. I would rather use that money to invest in market. I just proposed the least risky fund
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.
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?