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Date : Dec 8, 2008

Question

My daughter will be leaving for USA in January 2009 to peruse her MS(Electronics)Degree. Can I buy her a Term Insurance Policy for Rs.3000000/- (Term of the Policy: 40 years, Premium Payment: Annual)

Answer

It is more important for you to buy a student travel policy for your daughter to cover her health while she is studying in the US.

Your daughter needs insurance in case she has some loan (education loan) or if she is contributing to the expenses of the family. If she is not having any of the two she doesn't need insurance.

In case she needs insurance, visit our insurance planner calculator to know how much insurance do you need. Once you know how much insurance you need, visit our term insurance comparator to choose the best term plan for yourself.

 

 

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