How much term insurance do I need?
My ctc is 18 LPA and I'm 27 years old right now. I'm planning for plan till 60 years age.
Should I go with basic 1cr cover or should I go for higher amount?
What parameters decide how much I need?
Please help.

like
Posting as :
works at
You are currently posting as works at

just go with one cover of 1Cr and invest more on equity and mutual funds.

there is no 100% guarantee that your family will get those 1cr after your death but in mutual fund and equity there is 1000% gurantee that they will get the money.

add nominee and tell them the details and how to redeem.

likehelpful

in youtube search "labour law advisor channel" and watch his videos on truth of insurance.

helpful

10 times your annual salary is a good rule of thumb

like

Related Posts

With this crazy sickness going around what medication is everyone taking? It’s been a month since the cold and cough entered my house and it’s still here.

like

Are there any lawyers that moved to healthcare tech (non-legal related positions)? That would include medical devices, AI, robotics, etc. Would love to learn from your experience.

Parents always wanted me to become a doctor, so did I. However, did not do very well around blood. :))

Thank you!

like

Can you change your 401k contribution amount specifically for bonuses, in the fidelity 401k? You can do this for Schwab 401k but not seeing an option for fidelity

like

Are y’all waiting to do a mega backdoor Roth to see what they do about build back better this year or just moving forward with it?

like

Realtors: are there any listings you've ever regretted selling? Why/why not?

like

Just taking the opportunity to get current. Sober 3 years and 10 months. This past couple weeks have been stressful and my mind slipped into fantasizing about my drug of choice. Last week I flipped out at some of my wife's family. I did an amends and I think time will heal this one. It's all up to HP. Although I have neglected my morning practice this week, I'm practicing self compassion with positive self talk.

like

Just hit $100k NW today and it’s pretty exciting for me. I was at -$50k (student loans) before graduation in May 2019.
No crazy luck in crypto or investments. Just basic saving, 401k, ESPP and low expenses. Next step is to start investing by myself and taking some risks!!!

TC: $82.5k

Post Photo
likeuplifting

Who day trades / swing trades with another job? Any tips?

In particular wondering if it’s a sustainable side income or just for fun, and what are you trading (stocks, crypto, forex, futures, etc.)?

like

Hi everyone, how much % do you allocate shares for early employees

like

Senior manager and associate partner at MBBKOW how comfortable are you in dubai? Can you afford a nice house, car and generally (within reason) not worry about money?

Assume wife works as manager in big 4 consulting

like

Recently received notice from landlord rent is going up ~20%. For reference, it is privately owned condo and did not sign at a COVID discounted rate. Super frustrated. What are others seeing for rent increases?

like

Can someone please for the love of god help me figure out how I can pay less income taxes? I only make 88k and I put the 12k standard deduction but I’m still getting taxed 27% of my paychecks! My sign on bonus (20 even) a few months ago was taxed nearly 45%! Excuse my ignorance, but am I doing something wrong? Will increasing deductions help or should I increase the withholdings? Is this normal?! Thanks for any help/advice, it’s greatly appreciated.

like

I’ve been depressed for years now and this past week I lost a dog I’ve had for 15 years; he was one of the only bright spots in my life and I’ve just found it so hard to focus or motivate myself on anything after this. I genuinely feel like I’m at rock bottom, Idk if I’m crazy to feel that way bc of a dog but I used to be able to control this and put up a front but now my depression and anxiety are starting to leak into my work conversations completely unintentionally, I wish this would stop :(

likehelpful

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

I peed in the ocean twice today at the beach 🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫

likefunny

Need a morning workout buddy

like

Losing hair really badly!!! :( I dont know if its the thyroid meds or just pregnancy. I'm currently 13 weeks. Any recommendations? I'm doing the hair oil stuff but that will take time.

like

For those of you in healthcare related account management, what is your healthcare background? I am clinical and getting ready to hire a higher level account manager. I am really biased toward people with clinical/in hospital experience because, quite frankly, healthcare is a different beast - lots of hand holding and change management. I don’t want to miss the right person because of my bias, so im wondering how many healthcare related AMs have healthcare/clinical experience… thanks in advance!

like

Any recommendations for healthy restaurant dinner options that are easy on the digestive track? I usually workout after dinner, and have had some pretty bad bouts of IBS afterwards.

like

More Posts

I am in a tech IC position. One of friends switched to FAANG by converting the profile to consultant profile. The friend who might have less tech knowledge than me is now in FAANG and earning more. If the end goal would be that the friend might one day be a product manager and me an engineering manager taking instructions from the same friend, isn't consultant profile an easier path to growth. I had been practising DSA for years and the competition is only ever growing.

I feel like at times i’m running against newbies in the industry that are just flying by the seat of their pants. How can I shine as an experienced professional even though IT is still relatively (2 years) new to me ?

like

Any referrals for Project manager, scrum master or delivery manager roles? 16 yoe.. (exclude Tcs/Infosys)

like

How's the job market now? Any better???

like

Saw a 5 year old in a face mask rolling around on the floor of the airport. Panic and misinformation spreading like wildfire.

likefunny

What do you do if you just started at an agency, like a week ago, and then get an offer from your dream agency

like

Hi fishes, With a close to 3 years experience in Tata Consultancy Services (tech stack : java j2ee). At max how much CTC can I expect (as fixed) after switching to a service based company ?

like

Thoughts on benching kittle? Have jaylen Samuels who I can plug in at TE and could play CMC, Chubb, Gus Edwards as other RBs

Are you or did you make any 2022 resolutions? If so, please share!

like

Has any tried to do learning pods for virtual learning? How did you set it up and how is it working out?

like

I got offer from Sun life Gurgaon. YOE is 7 Years (band 5.2). I am looking for Work life balance and chill work. I wanted to focus on my family that require minimum amount of work pressure. Do you guys think it is good to join sun life vs other service base company like tcs, CGI, infy, along with EY or pwc

Also, what are different bands in sun life?

Any answer would be highly apricated. TIA



like

Got sent this recently… a fair few green arrows. hopefully this helps any big4 fishes like me. Data comes from seek this month.

Post Photo
like

...or outlook for me.

Post Photo
likefunny

Hi, I want to make a move from a small law firm to medium or big immigration firms. How do I approach them? How is the interview process?

like

Really excited for this sweetie to be coming home with us tomorrow. She’s an awesome 4 month old rescue mystery mutt and my other dog has been really lonely since his sister passed away.

Post Photo
like

I have over 12 years in B2B sales/sales management experience along with a graduate degree. I am wanting to shift gears and I am at a point where I can invest time in myself to learn through practical experience. The new industry I am wanting to pursue is real estate investment. I have read all the books but want some hands on experience on the property management side. How could I best leverage my skills for a role in this, and what should my expectations be for negotiation in compensation?

Hello! How can I break into the creative branding industry with 3 years of basic marketing knowledge, a self made website, and an extensive sales background in the CPG industry

like

Is Manager role at Deloitte India equivalent to AVP role at EXL Services? In terms of seniority?

like

Additional Posts in Consulting India

Which Companies have opted to provide a permanent work from home?

like

8.5 YOE , Senior Java developer with hands on experience of Java J2EE SPRING HIBERNATE ANGULAR JAVASCRIPT SQL
NICE Actimize Pune offered me below last year

16.3L Fixed + 1.2L Variable

What’s your take on this
NICE Actimize

like

I am switching from EY to Commonwealth Bank with 40 percent Hike.

I am currently in Notice period. EY is trying to Retain by compensating .

Guys .Please guide how should I decide

HCL Technologies What is the live interview session with HCL technologies.

Today I have received email after giving first technical round of interview on Friday.

In my company there is 90 days notice period , but manager is excluding the weekends. So in reality it's around 5-6 months time. Is it like this everywhere, it's my first switch.

funnylike
funny

What are the unique traits you see in a person who according to you is successful in their career?

Apart from their technological skills, what qualities are most common in successful people in your close friend circles or in office?

like

Hi fishes,

Please suggest me which company I can choose.
Looking for job security wlb and learning

1- TCS - 8.5 lpa
2- DXC technology 10 lpa
3- Cognizant. 11 lpa
4- tech Mahindra. 11 lpa

TIA.

like

How is Airbus for fullstack developers ?

YOE- 3.5years

like

Does PwC SDC have any collective disconnect in the month of December like how Deloitte has?

like

I am about to go onsite in November, as of now visa is in process. If we get the hike in October, will Cognizant revise the on-site compensation letter or is it final what I have received now ?Cognizant

like

Hi fishes ,

IRIS Software Inc. or Brillio
Which is better( package offered is almost equal)
Iris is providing permanent WFH..

like

I am in a weird situation-
My current designation on outlook is Data Scientist, but my team mates have data visualisation engineer and my work is around data engineering so I wrote my designation in data engineer

So during background verification what should I mention as my designation.

like

I have offer from global logic, Cognizant, Ciena.
Cognizant is offering position for senior associate project.

All offers have almost same package.

Any suggestion which one is a better opportunity.

What are the demanded skills without coding .

Pls advise

like

How long you guys waited or would wait for receiving the offer letter from HR (be it any company) post submitting the documents like payslips etc.

like

I need help in taking a decision for a job which is offered to me by TCS. Considering my high dependency in current assignments, loving the work which I do and better raise (15-20%) in the coming cycle.

How good will it be in TCS in terms of WLB-Will it be boredom as its said govt type, will there be enough exposure to learn&grow, RegionalPolitics, Onsite,Appraisals?

CurrentTech-Cloud(AWS)/IAAC and 30% Wintel,CTC-22LPA(17.2F+V),BLR OfferedTech-Cloud/Devops, CTC-30LPA(24F+V),KOL(Home) YOE-8

like

Hello everyone, wanted to check on how many rounds of interviews are there for tech strategy role in PwC?

like

Any openings in Orange 🍊 business services for project manager or service manager?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal