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.
"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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