Importance of 2 crore term insurance policy [Video]

Taking a 2-crore term insurance policy is a pivotal financial move that offers safety and tranquillity to your dear ones if any unfortunate incidents happen. Term insurance is a kind of life insurance that guarantees coverage for a particular period, and such a 2-crore policy provides extensive financial protection for your family’s future. Not only does it give your family financial support in your absence, but it also proves to be a tax-effective investment.

Strategies to consider for a 2 crore term insurance policy – 

∙       Determine your coverage needs

While evaluating your coverage needs for a 2 crore term insurance policy, take into account variables like your present debts, aspirations for the future, and the type of life you want for your family. Working out these aspects will determine a proper coverage amount that is sufficient to safeguard your loved ones financially in the event of your absence.

∙       Opt for a longer policy term

Ensuring a longer policy term for your 2-crore term insurance …