For many years Birla Sun Life term plan be purchased

[Sameer Kapoor]

My insurance agent has suggested me to buy a term insurance plan from Birla Sun Life (Easy Protector Plan). I will opt for Rs. 50 lakhs sum assured. For 10 years term, premium will cost me Rs. 5057 and if I pay a one time premium in lump sum then it will cost Rs. 30842. What do you suggest for the policy duration? Should I take this policy for 10 years, 20 years or 30 years?

[samkapoor77]

Tenure of the policy is determined on the basis of needs of the purchaser. So take an action accordingly.

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