I am 40 years and I have a sufficient corpus of ₹1.8 crore. Should I buy a term insurance cover? I have two dependents.
- Sachin Divakar
It is not clear what you mean by sufficient corpus. Will it be enough to take care of the financial needs of your dependents after you are gone? Will it be enough to take care of your financial liabilities? Will it take care of both? If the answer is yes, you don't have to buy a life insurance cover. If the answer is no, you should shop for an adequate term insurance cover to cover all your financial liabilities and take care of the financial needs of your dependents. Life insurance is a must if you have financial dependents and liabilities. Buy a pure term insurance product to secure an adequate life insurance cover for you.