02-13-2024, 06:18 AM
@Maria has made relevant points in the above post. One has to evaluate all from their end before they go ahead with any insurance policy. Your financial capacity would be a big determining factor as your premium would totally depend on that. Taking life insurance at younger age is always a wise decision as you don't have much health issues and being young as such would have less premium to be paid. Other benefits and exclusion has to be studied well. Compare the policies between the different players from authentic sources and then take the decision. Above user has made a very valid point that the policy should be visited from time to time and necessary changes have to be made depending on the changing life situation. Situations change and so do your financial goals and obligations.