Tag Archives: Sum Insured

Insurance

How Much Life Insurance / Risk Cover Should Individuals Have?

There are to many types of insurances like Life Insurance, Health Insurance, Accident Insurance, Vehicle Insurance , Travel Insurance etc.. Individuals are always in trouble during taking decisions, is it for me? How Much Sum insured/Risk Cover Should I have? etc. Life insurance: There are main two category Endowment Plans and Term Plans Endowment plans (Profit Related / Cash Value Insurance) Term Plans (non Profit) Above listed are only basic types of Insurances, which are necessary in normal routine life. One question arises when we are ready to buy Personal Insurance and that is How much Insurance should I have? Continue Reading »