Life insurance is like a backup plan for your family and helps you when you need your money the most. Life insurance makes your Family secured in your absence. The money can even be used for many debts like home loan, education loan etc.
CHILD EDUCATION PLANS
LIFE INSURANCE AGAINST HOUSING LOAN
LIFE INSURANCE AGAINST BUSINESS LOAN
Child Education Plans
It is every parent's dream to give their child the best education which will help them grow and become successful. My Fin Tree helps you draw a road map to make your dream come true. We help you allocate the appropriate funds right from their kindergarten till the post graduation.
Term Life insurance is different from other life insurance policies. Term life insurance ensures that your family gets large lump sum amount called the sum assured, in unfortunate events of death of policy holder. Term insurance plans provide an opportunity to get the protection of life insurance cover at extremely affordable prices.How much life cover do I need?
Human life value (HLV) is commonly used to judge that how much insurance do I need?
An individual's HLV is a multiple of his or her annual income.
The table below gives an approximate HLV multiple for different age bands:
Age In Years
For example, if a 32 year old declares an income of Rs. 10 lacs, the ideal life cover would be 25 X 10 lacs = 250 lacs