Here’s a simple breakdown on how I choose the right term insurance.. Hi, this is Chandralekha and I love talking about money 💡 First, a real example ✔ This is my own life insurance policy ✔ My premium reduced after GST removal ✔ Straight 18% savings without changing the cover 💡 What term insurance actually is ✔ The cheapest and most essential financial protection ✔ You pay a small premium ✔ Your family gets the cover amount if something happens to you ✔ A ₹1 crore cover can cost less than OTT subscriptions 💡 How to select the right plan ✔ Use the IRDAI report ✔ Check claim settlement ratio ✔ Check amount settlement ratio 💡 What came up after filtering ✔ Axis Max Life was one of the options ✔ ₹2 crore cover starts around ₹876 per month* ✔ Claim settlement ratio shown is 99.70% 👉 Check out the link in my bio for more details #personalfinance #terminsurance #money #insurance