Premium for 60 lacs of term plan in Insurance company is cheap | Wealth of Wisdom - WOW
Premium for 60 lacs of term plan in Insurance company is cheaper that 40 lacs of premium - And this is true for a lot of term plans .
This is because 50+ lacs plans get discounted premiums and medicals are also compulsory .
This is the reason why on should take a term plan for more than 50 lacs even if he wanted to take for less, from premiums points, it does not make a lot of difference.
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