Wednesday, 25 June 2014

A Comment on How much insurance do you need

My Comment on an article "How much insurance do you need?" published in Economic Times Dated 24/06/2014 at 4:50 pm

"Very useful article with tables and illustrative charts. 

The cover needed for 30 years individual with 40 lakh income is shown as 3 crores. But a person with 35-40 years in same income group is advised to have insurance for only 1 crore. Why so much difference in 5 years gap?"

Is it because he would have earned Rs. 2 crores in that 5 year gap? But he must have spent also much of it in those five years.

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