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It depends on how much insurance you want and what kind of policy you are taking. For ex: If it is a pure term insurance policy, a person of that age pays approximately Rs. 15,000/- per year for a 50 lakh coverage while if you want an endowment policy where your invested amount will be returned if you outlive the policy term, for 15,000 per year you may get only around 5 lakhs or so coverage. There is no one shot rule based on age. The amount depends on how long your policy is, the type and the amount of coverage you want.

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11y ago

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