I am 58 years old I am going to retire this monthend, my salary 40k and manage to save around 25k in sip regular growth and Lic, Mediclaim policy individual apart from company provided, want to join in Term Insurance company for further period. My daughter doing her final B.com.,and Son working in USA 27 years old. Pl advice me
Ans: Hi P, you can opt for Term insurance policies but given your age, the premiums for the same will be high. Check with few insurance companies and then decide for the best plan.