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Take a large cover while availing term life insurance

Take a large cover while availing term life insurance

Thursday, June 15, 2017, 5:16 PM

An inadequate cover defeats the very purpose of buying insurance. The sum assured must be large enough to generate enough income to cover the basic expenditure that your family will incur as well as provide for crucial financial goals such as the education and marriage of children. It should also cover liabilities like loans, especially big-ticket borrowings like home loans.
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