Financial expert Anand Srinivasan strongly advises that the first type of insurance one should consider is term insurance. This policy provides coverage until the insured individual reaches the age of 80. In the unfortunate event of the insured’s death, the family stands to receive a substantial payout of approximately 1 crore. The annual premium for this policy is relatively affordable, standing at around 20,000. This form of insurance is designed to offer significant financial protection and peace of mind for both the insured and their loved ones.
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Why Term Insurance is Your Best First Step in Financial Security Anand Srinivasan #terminsurance
