A financial advise to all the students and youngsters buy a term life insurance before starting to invest in other instruments. A sample illustration will help you understand that it has a financial benefit plus a security to all your dependents incase of any unforeseen event in life.

DM me for more details.

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Could you answer this query?
I purchased my term insurance at the age of 25, coverage 79L (based on my salary at that time).

I am now 32, considering another term insurance to get a higher coverage, adjusted for lifestyle inflation and current earning.

Would you recommend a second term insurance? If yes, when should I buy it? Now or in 2-3 years?

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Since you already have a term insurance and considering the additional responsibilities and inflation I would suggest you to buy another term insurance around 1 cr so your total coverage would increase to 1.8 cr which would satisfy your family needs in future.

It is advisable to purchase it at earliest looking at increasing premiums by insurance companies. If you wait you would have to pay a larger sum.

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Thank for taking the time and effort to respond to my query. Appreciate your help here. I agree, have been thinking on these lines. But a 2-3 year delay may get me an increased coverage, but I feel I may puchase by next year as well. Let's see.

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