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    jatinmanam's Avatar
    jatinmanam Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 3, 2013, 11:00 AM
    Insurance Policy
    I am a marketing professional and earn Rs.60,000 a month. I am 30 years old and took a 30-year Rs.50 lakh term insurance policy five years ago,for which I am paying an annual premium of Rs.18,500. Now,I can buy a Rs.50 lakh cover for 25 years for only Rs.12,000 per annum. Should I terminate my previous policy and buy the new one?
    Please answer my question before oct 5 2013.
    smoothy's Avatar
    smoothy Posts: 25,495, Reputation: 2853
    Uber Member
     
    #2

    Oct 3, 2013, 11:18 AM
    Maybe you would be best served if you speak to your Insurance agent... instead of strangers on a forum.

    There is a lot more to an insurance policy than just the monthy payment.

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