Insurance
Term Insurance
How much cover is needed
- Current Expenses - ₹1 lakh / Month
- Inflation - 5%
- Till 60 years - ₹4.1 Crore - At 2054 - ₹4.54 L / Month
- Till 70 years - ₹7.7 Crore - At 2064 - ₹7.39 L / Month
- Till 80 years - ₹10.9 Crore - At 2074 - ₹12.04 L / Month
Term Insurance Plan Calculator 2024 | Ditto
Links
- Reality of Money Back Plans, Guaranteed Income, Endowment | Insurance + Investment? | LLA - YouTube
- Term Insurance : Ultimate Guide | Watch this to Avoid Scams | LLA - YouTube
ULIPs (Unit Linked Insurance Products)
ULIPs better than Mutual Funds? The Real Truth - YouTube
ULIP का काला सच | Unit Linked Insurance Plan Vs Mutual Fund | Which is better investment? - YouTube
Others
Endowment Plan / Endowment Policy
A type of life insurance policy that provides life cover as well as a maturity benefit. The life cover component provides a lump sum payout to your loved ones in the case of your unfortunate demise, while the maturity benefit component provides a fixed payout given at the time of maturity
Endowment Fund
An endowment fund is a collection of investments that generates revenue to support charitable activities. The initial capital for an endowment fund comes from donations, which are often tax-deductible. The goal of an endowment fund is to provide a sustainable source of income for charitable activities, while also ensuring long-term financial stability.