Quote:
Originally Posted by caliper  Thanks for the replies.
So, does anybody know what the approximate cost of a life insurance policy for 8.5 lakh for 5 years should be?
Or should you go for a longer term than the length of the loan? |
I would suggest going for a 5 year Term policy. Depending on your age a single premium for 5 year policy would cost between 7K~9K (or about 2K per year for 5 years).
Please visit:
Life Insurance Corporation of India.Choose a term policy and find out the premium.