Business : No matter how good a job you do, no matter how much you invest, it is very important for you to have a life insurance. We all know that anything can happen to us at any time. If something like this happens, then you have your whole family behind you, which can get stuck in very bad circumstances.

It is very important to have life insurance

Experts say that no matter how well you earn or how much money you invest, if there is something that can prove to be most important for your family in your absence, it is life insurance, which can provide better financial security to your family in your absence.

Is life insurance of Rs 1 crore enough?

One more thing to note here is that just having life insurance is not necessary. What matters here is how much cover your life insurance provides. Here we will know whether life insurance of Rs 1 crore is enough for your family?

How much should be the life insurance

Experts say that life insurance should be at least big enough to cover your salary, continue paying your loan and cover any major expenses. Life insurance is quite affordable in the country. If you are 30 years old and you need insurance of Rs 1 crore for 30 years, then you have to pay less than Rs 1000 premium every month.

Life insurance will secure your family's future

Experts say that it is very important to put some part of your income in savings and invest but financial security through insurance is also very important. Better financial security ensures that your family will remain financially strong and secure even in your absence.