Amulya Jeevan 1

[lakshminarasimha]

Hi
This is my first post in the Forum :clap:

I have finally decided to take a insurance, i went through the forum and got many use full tips and advises thanks a lot.

Below is my plan,

I am going for pure life insurance plan with

Term 35 years
Amount 40 Lacs
Age is 25 years
when i calculated the premium in LIC website it is around 12000/.

Will they add any other charges ?

And i want to take another endowment policy which expires after 20 to 25 years and the amount i will be receiving should be enough for paying my remaining above policy premiums.

Am i moving in the right direction?

Please guide me.

Thanks and Regards
Lakshmi narasimha

 

[daitya]

You are on right direction.
1. no additional charges..just pay 12K per year & enjoy.
2. Dont go for any endowment policy as you are fully insured ..just put that money in right investment..