As far as qualifying factors for joining this plan go, the life insurance cover of Rs 30,000 is applicable for only heads of families and
any earning family members of ages 18 to 59 years.
Not exact matches
Any individual
of the
age group between 30 - 35 years and the only
earning member of the
family is included in the category
of people who should go for a term life insurance with cover
of Rs. 1 crore to protect the future
of their
family in case
of his / her demise or any unfortunate incident.
Dear Harish, More than the
age, we need to look at two important factors — 1) If an individual is an
earning member of the
family, he / she has to buy a term plan irrespective
of the
age profile.
Any individual falling in the
age group
of 30 - 35 years and having more
earning years or the one who is the only
earning member of the
family is included in the category
of people who are apt for purchasing the term life insurance plan with cover
of Rs. 1 crore as his / her
family will have to fight many challenges ones the
earning member is dead.