How do we determine the right life insurance amount ?

Related Questions

• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 01,2022
  Shouldn't we consider inflation while calculating the insurance cover? Because considering a life cover of 30 years or any no of years, inflation will play major role in evaluating the value of insurance cover one has.
  Dear  Sum assured is taken on the basis of your income generating capacity today. In future you may earn less ...
  
  1 0 106
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 18,2021
  If we are taking a life insurance cover of 1 Cr, what should be the average amount for the riders? (Critical Illness and Disability Addon)?
  Dear As per IRDA directive , maximum amount amount on rider can not exceed more than 30% of the premium ...
  
  1 0 50
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 05,2022
  In a term plan we are paying premium every month for the coverage but what if a person face death early (say after one year only of taking life insurance) in the period so he has not paid the amount of the coverage so will his family be getting the full coverage amount?
  Yes , claim will be payable .That is the purpose of Insurance to cover the risk of uncertain event ...
  
  1 0 73
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 17,2021
  If I die after just 2 years of life term insurance, am I guaranteed to get the full amount?
  No , as per Section 45 a claim can not be repudiated after payment of 3 annual premium and ...
  
  1 0 147
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on March 01,2022
  Can we update the nominee later for life insurance? Can we have multiple nominee so that we can split the claim amount percentage wise. How the nominee will claim the payout?
  Yes , you can change the nominee by giving an application for change of nominee . Yes , you can ...
  
  1 0 24
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on April 17,2022
  Where to check the amount settlement ratio for life insurance?
  You can always verify on IRDA website 
  
  1 0 92
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on March 01,2022
  If I opted for an Endowment plan of 1 crore cover and If I'm getting hospitalized, does this policy covers the bill amount as well? Or that come under health insurance?
  Life insurance covers risk of death unless you had taken critical illness rider . For medical , you need Health ...
  
  1 0 20
• 
  Robert James
  

  20+ years of experience in IRS matters .
  Is there a way to prevent my sister's estranged father, who hasn't been involved in her life since she was 12, from claiming her and her baby on his IRS taxes this year, potentially leaving her with nothing? He never formally relinquished parental rights, and we're looking for guidance on how to handle this situation.
  Your sister can try to get an Identity Protection PIN for herself; it will be harder to get one ...
  
  1 0 5
• 
  Citizen Helpdesk
  

  Curated Answers from Government Sources . Answered on August 21,2022
  15 വർഷമായി ബാങ്കിൽ (കേരളാ ഗ്രാമീണ ബാങ്ക്) ജോലി ചെയ്യുന്ന ഒരു വ്യക്തി Pink Ration card ഉപയോഗിച്ച് റേഷൻ സാധനങ്ങൾ വാങ്ങുന്നു ഇത് നിയമ വിരുദ്ധം ആണോ ? ആൾക് വേറേ വൈകല്യങ്ങൾ ഒന്നും ഇല്ല normal life ആണ്.
  ബാങ്കിലെ സ്ഥിര ജീവനക്കാരനാണെങ്കിൽ Pink Ration card-ന് അ‍ർഹനല്ല Source: This answer is provided by Civil Supplies Department, Kerala.
  
  1 0 82
• 
  Yasi Klm
  

  Answered on June 09,2022
  ലൈഫ് മിഷനിൽ പേരുണ്ടോ എന്നു മൊബൈൽ വഴി അറിയാൻ പറ്റുമോ?
  മൊബൈൽ വഴിയും അറിയാൻ കഴിയും. Life Mission  ലിങ്കിൽ കയറി താങ്കൾക്ക് പരിശോധിക്കാവുന്നതാണ്.
  
  1 84 1948
• 
  Mana Sachivalayam
  

  Answered on September 03,2021
  Does obc certificate issued by Andhra Pradesh Government in 2017 has life time validity?
  No OBC certificate has validity of 3 years,  It need to be applied freshly again. It is not valid for ...
  
  1 0 311
• 
  Kalyani Narayanan
  

  Answered on December 17,2022
  Is it worth to take term insurance even if my organisation provides me mediclaim & life insurance?
  If you leave your company, your medical and life insurance will stop existing.  Most of the companies do not ...
  
  1 0 38