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How much term insurance do I need?

You can use any of the above-mentioned methods to determine your insurance need . However, a simple thumb rule is 10-12 times your annual income, irrespective of your age. So, if you are earning Rs 10 lakhs a year, your minimum insurance coverage should be Rs 1CR to Rs 1.2 CR to stay adequately insured. Aug 21, 2017

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