Opt for a term plan that pays sum assured as lump sum

Abhishek Bondia Abhishek Bondia is principal officer and MD, SecureNow.in. Queries and views at mintmoney@livemint.com

I am 26 and my CTC is ₹5.8 lakh. I am unmarried and my only dependant is my father as my mother is still working. I want to take a term plan for myself. What should be the ideal amount? I plan to get married in two years. —Jeevika Birla As a thumb...

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